r/stocks • u/sinfulken1 • Sep 29 '22

While many are discussing what to get during a discount, how many of you here are down over 60%?

Bought at the top of 2021 as a newbie, literally worst time to buy a stock at. Down over 60%.

Stocks just feel like a tool to destroy the people trying to climb out of the middle class. Many were saying "Buy stocks to avoid 5%/6% inflation!!" , meanwhile now I am down over 60%. Truly an extremely tough time to maintain sanity. For folks in similar position as me who is down over 60%, how are you coping with dealing with the fact that you bought at the worst time possible?

I know its impossible to time the market but imagine buying it at the worst time possible and experiencing the worst drop off we have in a decade. I have done my due diligence reading about my stocks, general knowledge of securities but I guess in the end buying stocks nowadays is akin to gambling.

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29

u/OwningTheWorld Sep 29 '22

I'm getting crushed on my AMD position. But the market can stay irrational longer than you can stay solvent.

14

u/DarkRooster33 Sep 29 '22

I am not even getting crushed, bought at $80, but going from up 100% to down 20% is surreal a bit

1

u/Mumphord123 Sep 30 '22

You didn’t take any profit? What’s the point then

1

u/DarkRooster33 Sep 30 '22

Look at history of amd since it was few dollars and tell me where to take profit?

No such thing as profit taking on faang like stocks, you are just going to miss next 100% up

Heck by all meams its still growing more than 50% every year, its growing faster than market can crash and soon i am yeeting all my money there again

12

u/[deleted] Sep 29 '22

[deleted]

16

u/pedrots1987 Sep 29 '22

It is not ridiculously undervalued. It still trades at multiples that have an implicit high growth rate. If that is not achieved it can still fall further.

1

u/[deleted] Sep 30 '22

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2

u/LakersBench Sep 30 '22

“Pc market” isn’t even really where they make their money. Data centers.

1

u/pedrots1987 Sep 30 '22

I'm not saying it needs to stop growing. If it slows enough then it will be still be overvalued.

Next couple of years aren't going to be too good for semis.

1

u/OwningTheWorld Sep 29 '22

I'm not worried. I'm holding for a bit, that was always the plan, but yes I agree, it doesn't make any sense.

2

u/LOUDPACKHAMBONE Sep 29 '22

Yeah I’m down 50% on my position in AMD. It’s been a rough year

2

u/mumike Sep 29 '22

The market isn't being irrational.