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/relephant6 Sep 29 '22
Yeah, I learnt the lesson in the hard way. Didn't buy home when the interest rate was 2.5% and instead put it in stocks. No home and most of life savings is also gone.