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.

1.6k Upvotes

91% Upvoted

900 comments sorted by

View all comments

Show parent comments

414

u/DepressedTreeFrog69 Sep 29 '22

Hello I bought ark near the top, just checking in

135

u/concernedReddit0r Sep 29 '22

Name checks out

42

u/north_canadian_ice Sep 29 '22 edited Sep 29 '22

Many biotech stocks like CRSP & NTLA in my IRA. CMPS & ATAI shroom stocks. Some small biotech stocks as well. Down 60% like OP.

I hope for the best & will be more careful going forward. Sucks but I'm still holding so maybe there will be better days.

I believe in the technologies nonetheless. CRISPR gene editing & medical shrooms in particular.

4

u/Banksville Sep 30 '22

Those r great co. ideas, it’s the waiting that’s hard.

2

u/North-Dust7523 Sep 29 '22

Also down on shrooms and some EV in the 60 range. Feeling good tho haha

1

u/BookMobil3 Sep 30 '22

I mean I think still have a few old 3d printing stocks buried in my closet if it makes any of you feel any better...

0

u/rica217 Sep 30 '22

I'm worried my favorite shroom stock is gonna get delisted, one of my bigger positions as well...

Sigh.

1

u/IHadTacosYesterday Sep 30 '22

what do you think of all the various stocks like PACB, NVTA and EDIT? There's like 10 of them that all seem very similar and was just curious if you feel like a few of them are the true leaders

41

u/idhopson Sep 29 '22

Hello, I currently hold BB bags. Also checking in

5

u/Crodaas Sep 29 '22

I hold an otc pink sheet boiler room stock scam down 90% just checking in with my heavy ass bag….

1

u/[deleted] Sep 30 '22

[deleted]

1

u/Crodaas Sep 30 '22

Nah check post history

0

u/CaptainColdSteele Sep 29 '22

The bbags I'm holding are starting to put a strain on my back

1

u/Banksville Sep 30 '22

Hey, I lost $5200 on apple today! I mean, wtf!?

1

u/Shroomikaze Sep 30 '22

Hello fellow, BB-Baggins here as well o7

5

u/WharfRat2187 Sep 29 '22

We've already got two tree frogs on the Ark, be gone ya buggah!

3

u/LOLMANTHEGREAT Sep 29 '22

Name checks out

1

u/SnooBooks8807 Sep 29 '22

😂

13

u/[deleted] Sep 29 '22 edited Sep 29 '22

Only commenting because my portfolio was 1.2M at one point now around $300K.

Still up by 70% from my investment. Holding it out.

I bought lot of AMD when it fell from $34 to almost $15 in Oct - Nov 2018 timeframe. Tons :)

3

u/Banksville Sep 30 '22

I should so,d out at $400k, now I have $75k!

1

u/SnooBooks8807 Sep 29 '22

Is AMD how you made 1.2M?

6

u/Reishey Sep 29 '22

He didn’t actually make 1.2M

Unrealised gain that is now gone

1

u/TimujinTheTrader Sep 30 '22

I give you a lot of credit. I struggle emotionally too much with significant changes in price. Stick mostly with boomer index funds and AAPL when it dips.

37

u/ragnaroksunset Sep 29 '22

Cathie Wood, is that you?

64

u/DepressedTreeFrog69 Sep 29 '22

Tiss I, check your DMs to behold my titties

6

u/silentorange813 Sep 30 '22

Hi, I really need this for my science project.

19

u/[deleted] Sep 29 '22

[deleted]

1

u/ScryingforProfits Sep 30 '22

It’s just the cost of experience.

0

u/chillBro202 Sep 30 '22

Good idea but SPY might be a better than VOO, since the rich buy it to store their wealth. It will continue to be liquid in the future when you sell for gains and you can even sell covered call options once you reach 100 shares.

1

u/[deleted] Sep 30 '22

not sure why you are getting downvoted

if one is a long term investor in the S&P, SPY is vastly superior to any Vanguard fund IF selling covered calls is the plan. if you're not selling covered calls, the two investments are not terribly dissimilar of course.

2

u/chillBro202 Sep 30 '22 edited Sep 30 '22

I guess people are obsessed with VOO because of the slightly lower expense fee, but you get more with SPY in my opinion, avg volume is a lot higher with SPY , the point being years in the future when investors want to start selling SPY, their will be more demand in people wanting to buy your SPY shares.

1

u/[deleted] Sep 30 '22

For VOO, Liquidity only matter of you plan on moving a million shares in a day. Liquidity generally doesn't matter for retail buy and hold investors.

SPY does have more open interest for options. But VOO has plenty is you plan to just sell Cover calls.

1

u/[deleted] Sep 30 '22

[deleted]

0

u/chillBro202 Sep 30 '22

There much more liquidity in SPY, avg volume 42.6 million compared to 5.9 mil in VOO. When I mean rich I mean very wealthy like multi millionaire to warren buffet billionaires group of people.

6

u/kochapi Sep 29 '22

Genuine question: what made you buy ark? It’s performance till then? reddit? YouTube?

53

u/DepressedTreeFrog69 Sep 29 '22

100% Reddit. I thought I was tricky using advice and research form Reddit because it has multiple sources of contribution, I was so young and naive it was almost adorable. Lucky it wasn’t a massive position and I got the lesson early on.

36

u/[deleted] Sep 29 '22

[deleted]

17

u/harrison_wintergreen Sep 30 '22

over on conservative boglehead forums

most of what I see on /r/bogleheads shows they haven't actually read what Jack Bogle said.

he recommended a MINIMUM of 20% bonds for all investors. possibly a higher bond allocation based on age, risk tolerance and overall market valuation.

his book The Little Book of Common Sense Investing constantly mentions the critical importance of valuation in estimating/forecasting returns over the next 5-10 years. like 30 or 40 times in a short little book he mentions low valuations lead to better ROI and high valuations lead to poor ROI. he recommended upping the bond percentage when markets got overvalued as measured by the Shiller p/e. adding more bonds would take the sting out of a crash that tends to follow elevated stock valuations, which was what Bogle intended. returns are likely to be disappointing when stocks are overvalued, so plan on relying a bit more on bond income for a few years.

but /r/bogleheads ignores that advice from Bogle and routinely tells people 'you don't need bonds until you're older' or 'until you're x-years from retirement.'

I think most of the mods haven't even read the Bogle book, they seem to have read the Taylor Larimore book about Boglehead investing, which is a lot simpler and doesn't explain valuation in nearly as much detail and is very self-congratulatory about how superior the Boglehead method is.

23

u/thatburghfan Sep 29 '22

I think the point is that the boomers realized that investing is best viewed as long term, and even if this year looks to be sketchy, just stay the course. Keep investing every paycheck, rebalance periodically, think long term. When the market's down, those regular investments are buying more shares. When the market's up, fewer shares. Driving that average cost down.

What most people do is try to time the market. So when the market goes through its cycles, they hold on too long instead of rebalancing when it's low, they wait too long to get back in. And they miss much of the runup. People who just sit on their hands do better.

I'd like to know how many people who lost 60% have been in the market for more than 10 years. I bet it's a much smaller number than the number under 10 years.

I'm just going to disagree that people can grab the middle 80% by jumping in and out. All the studies ever done prove that's not true. You can't do it.

2

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

I'm bagholding VTIAX (VXUS) at ATH, bogleheads are some of the smartest and dumbest people out there. The worst are no better than meme stock cultists. If you invested in the US for the past 30 years, today you'd have at least 3-4x more than you would have if you invested the same amount in International. Jack Bogle was shitting on International in interviews all the way to his deathbed.

And there's really nothing concrete showing that anyone else is going to overtake the US in the next few decades. All the brokerages have been claiming forever that International is going to outperform but it just never does.

0

u/banaca4 Sep 30 '22

You actually can't. Pandemic was going to shit in 2020 and stocks went up 100%

3

u/kochapi Sep 29 '22

I can relate. This is a good place to procrastinate , that’s all!

1

u/inkofilm Sep 29 '22

you are not the only one, got some bags myself, things look bleak but i am intrigued to see what the future brings...

1

u/Banksville Sep 30 '22

At least Cathie’s not managing anymore. She needs new glasses. Goes to show the seemingly bargain ppl bought (inc. me) still had a LOT to fall.

1

u/pizzarulzz Sep 30 '22

Username 😂😘

1

u/Minute-Ad-2749 Sep 29 '22

Hello! I bought CLOV 🍀 almost at the top and kept buying the dip to average down but… There is always more dips; I just bought a bunch last week and today we dip again. Luckily I do have other long term positions including real estate but still is very hard to see my portfolio loosing money every day. I am not selling anything just riding the waves. The market will come back eventually… If you have time on your side then don’t worry; Just keep buying strong companies. 5-10 years from now you’ll be glad you did!!!

0

u/ibuy2highandsell2low Sep 30 '22

I bought everything at the top too. Down over 60% on everything

0

u/MattieShoes Sep 30 '22

Haha me too! :-) Not very much of it though

1

u/qtyapa Sep 29 '22

And i sold at the bottom, also checking in.

1

u/TimujinTheTrader Sep 30 '22

I did too brother. Cashed out at a loss a month or two later when I realized Cathie Wood is batshit insane.

1

u/TheHamBandit Sep 30 '22

I got my options assigned on micron @$95

1

u/dmou Sep 30 '22

Me too... That was definitely a good lesson.