A question for those of you who know about finance/the current sitaution

[CGM]

Honestly,if you dont need the cash,your probably better off riding it out,because if you sell now your going to take an absolute bath

That's true to a point, but IMO not the right question to ask.

A better way of looking at it is to consider the following hypothetical question, all things considered of course:

Suppose you had the cash that selling now would give you. What would be the best thing to do with the money? If the hypothetical answer is put the money into the stock you actually do hold now, then the actual correct decision would be to hold on to what you have. If hypothetically the money is better placed elsewhere, then the actual correct decision is to sell and place the money elsewhere.

Of course that doesn't tell you what the correct decision is, but that in general is the way one should consider it.

If the mutual fund is generally solid,Id just hold my chips. Right now the US market is a train wreck. If you can hold,hold

If it's a solid fund, then sure holding is probably not a bad decision. It might not be the best, but it's probably not bad.

What do you mean by train wreck? Do you mean more or less rock bottom, likely to get worse, better, or completely unpredictable?

[Trainer Monkey]

That's true to a point, but IMO not the right question to ask.

A better way of looking at it is to consider the following hypothetical question, all things considered of course:

Suppose you had the cash that selling now would give you. What would be the best thing to do with the money? If the hypothetical answer is put the money into the stock you actually do hold now, then the actual correct decision would be to hold on to what you have. If hypothetically the money is better placed elsewhere, then the actual correct decision is to sell and place the money elsewhere.

Of course that doesn't tell you what the correct decision is, but that in general is the way one should consider it.

If the mutual fund is generally solid,Id just hold my chips. Right now the US market is a train wreck. If you can hold,hold

If it's a solid fund, then sure holding is probably not a bad decision. It might not be the best, but it's probably not bad.

What do you mean by train wreck? Do you mean more or less rock bottom, likely to get worse, better, or completely unpredictable?

Completely unpredictable,in the house cleaning of the last 8 years,I expect a few people to go down,and when any of them do,the market dips.
Im sure there are quite a few people who are looking in to overseas housing right now,who might be willing to forgo their bonus