This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.
Your portfolio isn't down anything until you sell. Rule number one of investing: losses are not losses until you realize them by selling.
The market will recover, it always will. Panic selling or selling out of depression to cover your losses at a time when all the markets are down is foolish. The only circumstance in which you should liquidate any asset is if you're in desperate need of funds to cover immediate expenses. At that point, I'd argue that you've invested too much into the market if you don't have enough cash left over without forcing yourself to take funds out of the market. Unfortunately I saw this with COVID. People lost their jobs and were forced to pull their funds out in a crashed market because they didn't have any income. Hopefully you're not in this same predicament.
Point being, HODL.