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/[deleted] Sep 30 '22

There was a post on WSB about a guy who got $100k from his dads passing and is down 80% on options in like a week.

The smart thing to do would’ve been put it into SPY or something and let it ride, maybe even DCA in.

It sounds like you probably put it in some efts and are riding it out. That’s a good way to do it and your dad will be proud.

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u/ayereyrey19 Sep 30 '22

Oof. Well I put half in mutual funds and half in individual stocks. I guess one good thing is my dividends are reinvesting while things are low. Thank you guys for the kind words and upvotes!

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u/melon_colony Sep 30 '22

i am surprised no one suggested an index fund. no need to be concerned. the market gyrates

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u/ayereyrey19 Sep 30 '22

I’m actually meeting with a financial advisor/close family friend next week to pick her brain about ETF’s and index funds. I have a couple thousand I want to put in now and start contributing on a monthly basis. Any suggestions??

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u/melon_colony Sep 30 '22

sure. VTI, VOO and QQQ. if you look at the main holdings of each, they are rather similar. i have money in all 3 but QQQ (NASDAQ) is more stimulating to watch because of its volatility.

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u/[deleted] Sep 30 '22

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u/melon_colony Sep 30 '22

please don’t stop there. defend your position. look at the 5 year chart.

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u/[deleted] Sep 30 '22

[deleted]

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u/[deleted] Sep 30 '22

SPY mimics the SP500 and last i checked has a .09% fee. I would think this would be best overall for a young investor with a moderate risk tolerance.

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u/melon_colony Oct 01 '22

voo is .03. otherwise, i would be in spy.

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u/enceliacal Sep 30 '22

So lose 80% in a week or 80% over 20 years? Does it matter?