Vent: My 'safe' bond fund lost 12% in six months and I panicked.

I was sitting at my kitchen table in March, looking at my quarterly statement, and saw the number. I had put $15,000 into what my old broker called a 'conservative' bond fund. The market shifted, rates went up, and the value just dropped. I sold it all the next day, locking in the loss. Now I'm sitting on cash, too scared to move, and I know I messed up the timing. Has anyone else sold at the bottom and how did you get back in?

2 comments

2 Comments

wren_grant17h ago

Selling at the bottom was the smart move to stop the bleeding.

tyler50617h ago

Tell that to my crypto portfolio, @wren_grant. I've perfected the art of selling low and buying high.