The investment market has been very volatile because of the war in Ukraine and China’s Covid lockdowns, which caused supply chain disruptions. Add in the impact of central banks trying to curb inflation and you have a perfect storm. All the markets are down and most of us have felt like doing what you are considering.
If you are a conservative investor, you can leave all your money in the bank where you are guaranteed that your capital will not decrease. The challenge, however is that over time, the interest that you get will not always keep up with inflation and you could find yourself getting poorer over the years. I regularly assist people in their 70s who are in this situation. They have invested their money in conservative investments and are finding it extremely difficult to come out on their income.
So, to answer your question, do not cash in your investments now if you can help it – you will just lock in the losses.
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