Hey guys, I’m relatively new to investing (a few months) and this is something I’ve been wondering.
Like anyone, I have certain assets that are performing well, and certain ones that are doing (very) poorly. These also happen to be the ones that I’ve invested most in (Coinbase mostly because they only allowed full shares on IPO).
On the one hand, leaving my gains in things like the S&P500 allows me to gain compound interest over time, however If I took the extra profit and reallocated it to my underperforming assets, it would allows me to average down and cover my losses sooner. Not only that, but it obviously allows me to gain even more of a profit if it goes above and beyond that point.
So what’s the best approach?