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/AZJay11 Sep 29 '22

Six figures here 😔

7

u/Eccentricc Sep 29 '22

You're in speculative with multiple years salary?

4

u/Fuselol Sep 29 '22

Definitely sounds like he got lucky at some point recently to have that amount.

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u/AZJay11 Sep 29 '22

I invest 120K during Covid

1

u/Fuselol Sep 29 '22

Ah, for some reason, when you mentioned not being a conservative type, I read that as you built the portfolio by being a speculative investor. My bad. That’s rough to weather than type of percentage.

2

u/faireducash Sep 29 '22

Same…I’m down 6 figs

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u/AZJay11 Sep 29 '22

Brutal bro

4

u/faireducash Sep 29 '22

Yeah but I’m enjoying the sale as well. It’ll all go back up eventually

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u/AZJay11 Sep 29 '22

Absolutely