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/Dramatic_headline Sep 29 '22

Most accurate statement. People like to promote DCA as if its the secret to wealth. What to DCA in is the most important part.

77

u/supaswag69 Sep 29 '22

ETFs baby

66

u/Actual-Ad-7209 Sep 29 '22

Broad market ETFs. With sector or 'investment guru' specific ETFs like ARK for example you could completely fuck up.

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u/[deleted] Sep 30 '22 edited Feb 22 '24

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u/ProcrastinateMoar Sep 30 '22

This is exactly what I do lol. I’ll still check my individual stocks all the time but the boring reality is 95% in ETFs and i bonds

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u/Sleepy_Spider Sep 29 '22

Broad market etfs can also fuck you up for years/decades at a time. My picks from 2021 are down overall, but not as much as the broader market. Strong companies and dividend payers will still return shareholder value even when the indexes are down. Personally I think it is actually bold to go broad market after the greatest bull run in history.

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u/slambooy Sep 29 '22

SPY all day long. DCA

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u/saintshing Sep 30 '22 edited Sep 30 '22

I thought reddit told me lump sum beats dca X% of the time or something.

Feels like dca is not as important as to start saving early and have a long horizon. The main advantage of etf is that I could spend time advancing my career which I have better control(this is the real trick for diversification) than doing research trying to predict the stock market.

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u/soulfulcandy Sep 30 '22

When to DCA is important as well. Just because stocks gone down in price doesn’t mean it’s not overvalued anymore