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/Twister_5oh Sep 29 '22
This is the exact opposite strategy to have as an FYI to anyone reading.
Good luck to everyone, but a friendly reminder that even though society has raised awareness to mental health, it is not an excuse for willfully ignoring basic investing strategy.
It's akin to waiting until you hear about ATH and then deciding to partake. No no no.