The short answer for why am I selling off is – current uncertainty. With this post I will be trying to inform you guys about what is in my mind and what I consider logical.
Bit more elaborate
Which platforms particularly?
For Crowdestate does not make sense because no buyers would be found for my delayed projects without selling off with huge discount. As for Reinvest24, I have no free funds and there is no secondary market.
Will there be losses?
For now I sell for the same value I had purchased (at par value). I hope I will not need to make discounts, i.e., losing the value.
I do my best to try to stick to the rule of not invest more than I can afford to lose. However, at this point, the risk has grown above my risk tolerance levels.
You can read more about discouraging P2P and P2B events in my yesterday’s post.
When do I plan to continue investing?
This should be about in 3 months or so, when the situation has hopefully calmed down a bit. None can say for sure when this becomes more stable. Currently, it is time consuming to follow all the news and react to these developments. Markets are volatile and some will be big gainers and some will take big losses. I prefer to reduce the exposure and thus the risk.
My estimate is that I could reduce my overall investment portfolio for about 80%. I will let you know in the monthly update about the status.
What is my recommendation?
Give it a thought. You are the owner of your funds. Take the decision you are most comfortable with. I read about those who speculate – e.g. buying discounted loans and selling them with lower discounts in Mintos. Using the situation to profit. Some withdraw. Some do nothing. Be in ease with yourself for whichever decision you take.