Sure, the stock market increases are scary right now. I have an over a 100% return over the past four years and I expect quite a bit of that could be wiped out.
But, and it’s a big but, if I sold all that now, I’d pay a big chunk of taxes. I’m holding for now and will dribble a bit out every year. As I’m retired now and have only a little money in deferred accounts, I will pay little or no taxes. That might be better overall even if prices do drop a bit.
But even so, where would I put that money? I feel the stocks I own are well diversified and are solid companies. If they go belly up, everything will be rotting on the beach.