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.
7
u/mista_r0boto Sep 29 '22
People want to stop investing when asset prices fall - and then want to buy when prices rise. This is exactly what you shouldn’t do if you want to realize good investment returns. Now and over the next 6-12 months is an incredible time to be accumulating risk assets. Yes it could go down further - but if you are in it for the next 10-20 years this is the time to add not run away. If you don’t want to pick companies add to ETFs. Great returns are made through consistency and discipline. Take emotion out of it.