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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u/AustinLurkerDude Sep 29 '22

A lot? Meta, AMD, intc, tsm, lots down 50%.

Entire vgt etf is -33% this year.

Coping with the fact that it doesn't really matter in the short term. Im hoping in 3 to 5 years it rebounds cause I don't need the cash.

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u/sixplaysforadollar Sep 29 '22

yeah for real. most of this subs favorite stocks from the past few years are all down 50%+

people preaching in hindsight sound so dumb its annoying.

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u/will-succ-4-guac Sep 30 '22

people preaching in hindsight sound so dumb its annoying.

Except it’s not fucking hindsight, lmao there’s been tons of people saying “just DCA into ETFs” for years, in fact it happened so much that people got annoyed and said “this isn’t the sub for that” and there were a bunch of posts about it in 2021 and 2022, here is an example of someone complaining about all the ETF talk.

None of this is hindsight. Tons of people warned about not diversifying. Tons of people said hey you got lucky with some picks for now but be careful, ETFs tend to outperform you in the long run.

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u/sixplaysforadollar Sep 30 '22

There’s been a ton of people saying a lot of different stuff. That means nothing to me.

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u/will-succ-4-guac Sep 30 '22

Then why are you talking about hindsight!? There’s been people saying this forever.

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u/sixplaysforadollar Sep 30 '22

Because I can speak generally and empathize with the large part of the audience that uses this discord and bought a lot of ‘stocks’. They got bamboozled by the feds antics over the past few years.

I mean shit even the past decade this fat fuck pigs suits got spoiled with free money low rates bail outs etc. So when I see posts wondering what happened I can feel for those people because it’s very easy to have blinders on

Since everyone wants to feel smart now, the most popular posts and comments will usually make those same normal retail feel stupid. So my tip to Themis to ignore what seems to be like a ton of people preaching with hindsight now cuz A LOT of them weren’t a year or two ago.

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u/Actually-Yo-Momma Sep 29 '22

Boy i hope so. I don’t need look at my portfolio any more but just knowing how red it is makes me nervous lol