# "I Sold 50% of My Portfolio. What Now?" | #418 (AMA)

Page: https://stenobird.com/podcast/the-rational-reminder-podcast-743537/i-sold-50-of-my-portfolio-what-now-418-ama
Text version: https://stenobird.com/podcast/the-rational-reminder-podcast-743537/i-sold-50-of-my-portfolio-what-now-418-ama.md
Podcast: [The Rational Reminder Podcast](https://stenobird.com/podcast/the-rational-reminder-podcast-743537)
Published: 2026-07-16T09:30:00+00:00
Episode link: https://rationalreminder.libsyn.com/i-sold-50-of-my-portfolio-what-now-418-ama
Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/rationalreminder/RRP_-_EP.418_AMA_-_AUDIO_V1.mp3?dest-id=763774
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JSON: https://stenobird.com/v1/public/podcasts/the-rational-reminder-podcast-743537/episodes/i-sold-50-of-my-portfolio-what-now-418-ama
Duration seconds: 3948

## Resource

In this AMA episode, Ben Felix, Dan Bortolotti, and Ben Wilson tackle a wide range of practical investing questions submitted by listeners. They begin by discussing one of the most common investing mistakes—market timing—and explain why getting back into the market is often harder than getting out. From there, they explore the evidence behind lump sum investing versus dollar-cost averaging, why high valuations rarely justify sitting in cash, and how your discomfort with investing may reveal a mismatch between your portfolio and your true risk tolerance. The conversation also pulls back the curtain on PWL Capital's investment committee, detailing how new investment products are evaluated, how due diligence is conducted, and why even seemingly simple index funds require ongoing scrutiny. They then examine whether any recent Canadian ETF innovations are genuinely useful, discuss retirement-focused T-Series asset allocation ETFs, debate whether gamified trading creates opportunities for active management, and respond to questions about inflation, currency debasement, and the real drivers of long-term stock returns. As always, the episode closes with a lighter listener question before reading a review from the audience. Key Points From This Episode: (0:04) Introduction and why AMA episodes continue to resonate with listeners. (0:55) A listener asks how to reinvest after selling half their portfolio over bubble concerns. (2:00) Why successful market timing requires being right twice. (3:04) Why all-time market highs are normal and poor signals for investment decisions. (4:00) What market valuations can—and cannot—tell us about future returns. (5:00) The evidence comparing lump sum investing with dollar-cost averaging. (6:34) Why even the worst historical entry points rarely…

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## Transcript

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