I recognize I am young, but have found myself in a pickle and want some guidance:
Context:
1. I currently have a pretty lucrative business BUT its super risky and can implode at any time
2. 25-35% of my net worth is cash atm, the rest is all virtually stocks and etfs
So, I have saved up atm a pretty good net worth for my age, but it is pretty stock/etf heavy. I feel like almost everyone even conservatives are in agreement the economy/market isn't doing too well and may do worse soon, so I was thinking about maybe selling some of my stocks, like 30 percent of them or so. Some family members have told me to just hold since im so young, and earn cash fast but to me if its so assured things will go down, why not trim some off + I am worried about the volatility of my business.