u/Lost_Masterpiece_264 5.0 2 ideas

The author is down 44% on their ADBE position, purchased in December 2024, and sentiment continues to worsen. The significant loss and lack of a clear investment thesis have eroded the author's confidence, leading them to conclude they should cut their losses. The author has decided to sell their ADBE shares due to the steep decline and their realization that they lack the conviction and expertise to hold an individual stock through such volatility. The primary risk is selling at a potential bottom if the negative sentiment is overblown and the company's fundamentals recover, leading to a price rebound.

The author is selling their individual stock position (ADBE) after a significant loss and a realization that they are not equipped for individual stock picking. They are seeking a "safer position" and have decided to "stick to ETF's for now." They explicitly mention putting the proceeds into VTV (Vanguard Value ETF). The author is reallocating capital from a high-conviction, high-risk individual stock to a diversified, lower-risk value-oriented ETF, which aligns with their new, more conservative strategy. The value factor (as represented by VTV) could underperform the broader market or growth stocks. General market risk (a downturn in the S&P 500) would also negatively impact VTV.