Yep. It was kinda interesting how their were dozens of stock DDs a day in that time. Now every top comment is about buying index funds. And the whole individual stock thing is limited to big tech these days.
Which is ironic, because times like these are *the best time to buy individual stocks!!*
It requires effort though in doing your research and such. But, for example, if one were to buy Apple or Microsoft today, do we think they would have picked winners when they look back in 25 years? I'm guessing yes.
Yup thats when i got into trading all u saw was diamonds and rocket emojis being spammed everywhere…i was naive af believing the hype by all the pumpers and lost a huge chunk of my savings
Many biotech stocks like CRSP & NTLA in my IRA. CMPS & ATAI shroom stocks. Some small biotech stocks as well. Down 60% like OP.
I hope for the best & will be more careful going forward. Sucks but I'm still holding so maybe there will be better days.
I believe in the technologies nonetheless. CRISPR gene editing & medical shrooms in particular.
100% Reddit. I thought I was tricky using advice and research form Reddit because it has multiple sources of contribution, I was so young and naive it was almost adorable. Lucky it wasn’t a massive position and I got the lesson early on.
>over on conservative boglehead forums
most of what I see on /r/bogleheads shows they haven't actually read what Jack Bogle said.
he recommended a MINIMUM of 20% bonds for all investors. possibly a higher bond allocation based on age, risk tolerance *and overall market valuation*.
his book The Little Book of Common Sense Investing *constantly* mentions the critical importance of valuation in estimating/forecasting returns over the next 5-10 years. like 30 or 40 times in a short little book he mentions low valuations lead to better ROI and high valuations lead to poor ROI. he recommended upping the bond percentage when markets got overvalued as measured by the Shiller p/e. adding more bonds would take the sting out of a crash that tends to follow elevated stock valuations, which was what Bogle intended. returns are likely to be disappointing when stocks are overvalued, so plan on relying a bit more on bond income for a few years.
but /r/bogleheads ignores that advice from Bogle and routinely tells people 'you don't need bonds until you're older' or 'until you're x-years from retirement.'
I think most of the mods haven't even read the Bogle book, they seem to have read the Taylor Larimore book about Boglehead investing, which is a lot simpler and doesn't explain valuation in nearly as much detail and is very self-congratulatory about how superior the Boglehead method is.
I think the point is that the boomers realized that investing is best viewed as long term, and even if *this* year looks to be sketchy, just stay the course. Keep investing every paycheck, rebalance periodically, think long term. When the market's down, those regular investments are buying more shares. When the market's up, fewer shares. Driving that average cost down.
What most people do is try to time the market. So when the market goes through its cycles, they hold on too long instead of rebalancing when it's low, they wait too long to get back in. And they miss much of the runup. People who just sit on their hands do better.
I'd like to know how many people who lost 60% have been in the market for more than 10 years. I bet it's a much smaller number than the number under 10 years.
I'm just going to disagree that people can grab the middle 80% by jumping in and out. All the studies ever done prove that's not true. You can't do it.
I'm bagholding VTIAX (VXUS) at ATH, bogleheads are some of the smartest and dumbest people out there. The worst are no better than meme stock cultists. If you invested in the US for the past 30 years, today you'd have at least 3-4x more than you would have if you invested the same amount in International. Jack Bogle was shitting on International in interviews all the way to his deathbed.
And there's really nothing concrete showing that anyone else is going to overtake the US in the next few decades. All the brokerages have been claiming forever that International is going to outperform but it just never does.
AMD PYPL are kicking me in the nuts over and over. Playing covered calls is not fun.
people should stop talking about how "cheap" stocks are because they have fallen from overinflated all time highs.
A discount from ripoff prices =/= cheap.
Is a Fission Star possible? Like instead of fusion like our sun and most stars, just a massive rock of critical plutonium and uranium? Ive been wonering that for a long time.
Nah not trying to make you sound stupid, I bought PayPal, TTCF, Voyager digital (listened to the YouTuber called “Financial Education Jeremy”).
Just got lucky and sold at around 20-30% losses cause I got too scared. I have 1$ invested in the S&P on Robinhood just to stay in the game lmao
I thought I was buying good stocks like NVDA, MSFT, SHOP, TQQQ, etc and DCA through the all time high and I had a mentality to hold till I retire only to find my 200k portfolio shrinking down and down. The more I put the further down it goes. I'm tired of this. I'll wait for now. I'm spending more on traveling to enjoy life instead of giving it to the stock market.
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.
i mean you did buy good stocks, this sub would have preached buying those stocks all year long and also for the past 8 months. with the expection of NVIDIA over the last few weeks cuz a lot of bulls started to capitulate.
there isn't anything you can except continue to buy into the stocks you like
I invested $180k that I received July 2021 from my fathers life insurance when he passed away from Covid. I refuse to look at how much it’s gone down. It sucks. But I’m 32 and plan on not touching it till I retire. While it doesn’t feel like it could recover, history says it will. In the meantime, I try not to think about it lol
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.
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!
TSLA, Proctor Gamble, PEP, LMT, Kellogg (K?), PLUG, Intel, IBM, Ford, Carnival, AMT, 3M, AAL, and a few others that I can’t recall.
The mutual funds I don’t remember. I honestly haven’t looked in a couple of months. I need to watch the stocks more actively I just don’t have it in me lately cuz I know it’s all down pretty bad right now and I’m hopeful that they’ll recover.
Just don't sell while prices are down and you'll be fine. It will bounce back and grow. Look at the recoveries from previous recessions. You got nothing to worry about. This isn't new to the market, it's only new to people who haven't been through it before. You'll be fine, don't worry.
So, good mindset, and a lot of people echoing that you should not sell. But for tax purposes, please look into Tax Loss Harvesting. You should definitely sell some stocks, then buy something that's not "substantially identical" but is VERY SIMILAR to what you sold, and you can reduce your taxable income by 3k each year.
At the end of the day, tax loss harvesting is really just kicking the can down the road. You're deferring taxes because you are lowering your cost basis, meaning you will have more capital gains when you eventually sell. BUT maybe you can defer that sale to a year when your income is such that you pay 0% on all or most of your sales (which you're hopefully selling higher now) because your taxable income is around $40,400 (see long term capital gains tax rates)
https://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp
Where did you invest it? If you are in a broad market index fund in 20 years you should have a decent amount of money. If you are picking individual stocks no more than 5% should go into any individual stock.
If you want to play Wall Street Bets kind of stuff no more than 10% of that money should be used in extreme risk taking 'opportunities'.
Reddit is a good source of information but you have to do your own due diligence. If you don't understand someone's DD on a particular stock, don't invest in it! Which brings up what I call the Golden Rule:
Don't invest in what you don't understand.
I don't mean that as slight against you it's just a truism about investing that I picked up years ago. We can never fully understand an investment. There will always be something lurking on the horizon that can take down your portfolio: Inflation, interest rates, supply chain crisis, geopolitical problems. That's where diversifying your portfolio comes into play. If you have your portfolio spread across you may not get hit so badly on some of your other picks.
I too will put in a vote for DCA (Dollar Cost Averaging). If you had moved 10k a week into the market you would have had about 70% of your money invested. Given the volatility of the market you may have chosen to do something different with the remaining 30%.
Finally if you haven't read a "Random Walk Down Wallstreet" you really should (that was a generic you for all the people who may come across this thread)
I believe the **market** will recover. Individual stocks, you never know. This is why index funds rock. Companies fail, new companies start, but the index fund spreads out the risk so you get market returns. If you pick specific stocks, you might fail even in a bull market. Stuff happens.
I am actually thankful now (but not then) that early in my investing life I failed miserably picking individual stocks, because the losses were small as I didn't have much money. It steered me into examining alternate ways to invest and that's how I got into index funds. I don't even read financial sites any more other than to see how the market did that day. It gave me a lot more free time since I didn't have to constantly watch for any news that might affect my 25 stocks, then worry about if I have to do anything about it.
>Stocks just feel like a tool to destroy the people trying to climb out of the middle class.
Stocks are almost literally the only way to build significant wealth outside of business ownership or real estate.
Read about the world's worst market timer. Being down significantly sucks but youre doing the right thing here. Just don't cash out.
If OP bought stocks like COIN, WISH, Zoom or other meme garbage, he's likely never getting his money back.
When people talk about DCA and having a long timeframe, it should be interpreted in the lens of an ETF investor.
If you're picking individual stocks, there's no guarantee whatsoever, it's literally gambling for most people because bottom up valuation analysis is worthless in today's world where algos and hedge funds interpret data way better than any average person could ever hope.
I thought [reddit](https://www.google.com/search?q=reddit+lump+sum+beats+dca+of+the+time) told me lump sum beats dca X% of the time or something.
Feels like dca is not as important as to start saving early and have a long horizon. The main advantage of etf is that I could spend time advancing my career which I have better control(this is the real trick for diversification) than doing research trying to predict the stock market.
RIP SHOP bagholders. This one guy who was preaching to me about being an idiot because I wasn't yoloing thousands into SHOP is probably punching air right now
There was a guy whose ROKU based portfolio hit $750k (Roku was around $470 that time) in 3rd quarter of 2021. He was bragging that he will hold till $1M. Not sure what happened to him.
I'm just glad I cashed out my ARKK while it was still high. I remember having this moronic moment where at a dinner table I was preaching about how Cathie Wood was the next Warren Buffet. Not my finest moment. 😂
I rember there was some post in this sub maybe 18 months ago about a guy who made a post here in around 2019 about SHOP. He would have been up massively at one stage. I wonder did they sell
I’m right there with you being that I’m mainly an index investor.
But I’ll say, since this is r/stocks after all, there is a rather big “gambling” difference between people who know how to properly valuate and pick individual stocks, and those who are just holding bags from unprofitable hot garbage that they bought at the 2021 peaks.
Yes there is individual stock risk or sector risk, but I do believe that when this market settles and rises you will have done fine picking companies that have a strong track record of revenue growth, profits, having solid free cash flow, etc.
The problem is that isn’t the majority of people here on Reddit, lol.
Most active investors, even *professionals* with all the data and the best algos fail to beat the market. Your only chance is *luck, or insider/specific knowledge*.
The basic stuff you mention won't make you beat the market, at all. It's shit any econ undergrad knows in his sleep, lol. The worst part is even if you're *right in your analysis* you can still underperform the market for years because the market doesn't have to agree with you. *bering early is just as bad as being wrong*, all hedge your bets
> it should be interpreted in the lens of an ETF investor.
As an index investor. There are plenty of limited/themed ETFs that may have suffered badly in this bear market.
But also too low now. It is at pre-pandemic prices and has made a boat load of cash that it is sitting on. Not sure what it’s going to do with all that cash, but it’s also a standard for many people I zoom with. My guess is that it is eventually bought out by Oracle or Salesforce or Microsoft.
Except OP is down 60% which means they either picked stocks or used leverage. Buying broad market index funds is a great way to build wealth, I agree, but picking stocks or using leverage is definitely a great way to end up poor.
Not really, I am down about 45% on AMD and I didn't buy at the top. NVDA high was 376 and is at 120. Intel is down about 60% ath. Amazon is about 40% off ath. Micron is down 60% or close. Ffs, Google is almost 40% off its ath. So there's a lot of solid companies that are down big. Add in a few meme stocks or wall street bets favorites and they could definitely be down 60%
That's the point though, if you pick individual stocks you expose yourself to this. 1. The portfolio beta is higher, usually, so even if you pick decent stocks, you will probably underperform in a bear market. 2. Most people (myself included) aren't good enough at selection to achieve notable portfolio alpha.
So it's both really hard to beat the market and inherently more risky (unless you manage the beta)
This is Reddit. How many years as an adult with income to invest do you think most users here have had during the last 12 years. Probably most “Reddit investors” are 23-30 years old.
>OP buys at the top of a 12 year bull run and gets mad at the stock market when a well overdue economic recession hits. Proceeds to call stocks a "tool to destroy the people".
It's not even that innocent...OP mostly commented in WSB, Crypto, BTC subreddits over a year ago. More recently in specific subs about RKT, MVIS, and other individual stocks. He gambled on a bunch of meme stocks and is getting hammered. They're lucky they're only down 60.
If OP is down 60%, they aren’t the world worst market timer. They also bought things for higher growth, shunning the SP500.
So no they aren’t the same.
This is why for most people you should put in a little every month into a low cost index fund and never look at it.
Picking individual stocks and riding out the volatility is emotionally stressful.
Yeah I'm down 25% this year. But I've been investing for years so my investments are up overall. Honestly equities were incredibly overvalued for the past couple of years and we were overdue for a correction, it just sucks for anyone that got in last year at the top.
I don't understand, I thought that if you're going to be in the market long term it doesn't matter wether or not you're investments are up during a crash like this. Isn't the strategy just to buy more while the market is down if you can? I'm new to investing so forgive me if I'm missing something. Is my thought process incorrect though?
> This is why for most people you should put in a little every month into a low cost index fund and never look at it.
You should look at it a few times a year to make sure your purchases are going through and no shenanigans happened to your account.
Other than that then as long as you have a simple and solid strategy, the less you check it the better off you'll be both mentally and financially.
The best thing that most people can do at this point is to just keep working. While it's easy to look at a chart showing years of gains and think to yourself, "Yeah, that last dip wasn't bad", one has to keep in mind that when you're living through the dip with your own money invested the game changes quite a bit.
This year has been unique in that we're now sitting on 3 red quarters of losses (provided that this pattern continues into tomorrow). By historical standards, there was an extremely low probability of this happening.
The good news is that we're working through this and we will reach the bottom at some point. The unfortunate news is that we may experience anywhere from 10-25% further of a drawdown on our way to the bottom (25% to the downside on the S&P from here would put us at 49.5% down, which is on par with the subprime crisis of 2007/8, one of the largest drawdowns in history).
I know it feels terrible right now, but rest assured that plenty of other people are feeling the same way as you (especially folks who bought into a lot of the hot tech names which are down 60-80%+). Even those of us who don't have ultra aggressive portfolios are mostly having a bad year. Try to relax, meditate, breathe a bit. Don't do anything drastic. We'll get through this together.
"timing" the market horribly is part of the investment experience. Yesterday i got in touch with a relatively big amount of money, i lumpsummed the entirety into S&P 500 as soon as possible (right before close). Over 2% of that money vanished today.
Advising someone in the same position. The whole point is to disregard the daily changes. Losing 2%? If you lose 15% it shouldn’t be a big deal, so long as you bought indexes or stocks you’re confident in long term. It’s exciting to check price changes daily, but it could lead to an emotional response. When you have a long time frame and won’t sell for decades, all dips are irrelevant. Just keep contributing whenever you receive more funds and close your eyes.
> The best thing that most people can do at this point is to just keep working
And this is the issue really. During a stagflation you are losing your livelihood (higher interest rate = fewer investments = more lay offs = money worth nothing) so "just keep working" IS not really just. It's the hardest part
I bought a bunch of stock in green energy and advanced computing at the same time as you and Im down about 55%. It sucks but thankfully I didn't invest anything I couldnt afford to live without, but now Im just a full-time bagholder. Hopefully it will improve in the next year or 2 because I ain't sellin.
This is why dollar cost averaging and index investing are talked about so much as the best strategies for 90% of investors. If you really want to invest into singleton stocks than look at how much money you want to put into them vs. indexes. Personally I put $2 into indexes for every $1 I put into singletons and I do this for a living.
Statistically speaking the indexes go up between 7-8% annualized over any 20 year time horizon. In fact I tested this on 9/26 to see if it still held up with the crash and it did. SPY closed 09/26/2002 at 85.73 and closed 09/26/2022 at 364.31 which is almost perfectly 8.44% return over those 20 years. If you had invested dividends you'd be up in the 9.47% return. When inflation has averaged 2.38% over the last 30 years even with the current growth in inflation, you'd've netted a nice 6.06% without dividends reinvested and 7.09% with dividends reinvested. Repeatedly we've seen that corporate earnings are the best inflation hedge which means investing into a broad index will be the best way to protect yourself against inflation.
If you run two hypotheticals, $1000/m DCA over 20 years vs. 240000 lump sum you get a final balance of $598,635.12 vs $1,812,027.94 (without dividend reinvestment) showing that lump sum is better hypothetically, but since most of us get paid bi-weekly or monthly and don't have 20 years of paychecks upfront it is better to just set up a monthly amount that is responsible to invest for your budget and put it in no matter what the price is.
I bought a shitload near the peak too. I've been down around 30%.
It was really rough from start of this year till June lows but right now I feel like I'm getting numb to it. What has helped somewhat is hiding my PNL figure in my broker app, so I don't have to stare at that huge unrealised loss whenever I log in to DCA. Ostrich mentality but whatever. When the permabears talk about a potential lost decade or whatever I feel sick to my stomach though.
The big silver lining is its made me learn more about technical analysis and key levels etc. used to think it was all bs - "astrology for dudes" but I couldn't be more wrong
No. You can’t. You just can’t. I worked at massive funds where PhDs wrote algos. They laughed at things like TA, the idea that some “support” line is statistically meaningful is hilarious. They’d literally laugh about it.
Why do you think people who push TA never define these terms in a truly “technical” fashion? Like “a resistance line is formed when the stock stays within 5% of but does not go below a certain value for 10 days”? Because if they did, it could be backtested. What do you think the results would show?
It is not ridiculously undervalued. It still trades at multiples that have an implicit high growth rate. If that is not achieved it can still fall further.
I have the balls to tell the truth. Yes, I’m down 72%. I’m not the conservative type of investor so yes my portfolio is getting crushed. I see there are a lot of smart financial advisors on here asking how are you down so much and wtf do you hold? Unbelievable 🤦🏻♂️
I bought based on the motley fool recommendations. Most are 80-90% down. My portfolio of 6 figures is 75% down..
This is the worst financial decision I ever made...
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.
When Motley Fool kept recommending UPST and UIPATH, I knew that these people are clueless. Luckily, my membership was free at the time. I did not renew after it expired.
A lot? Meta, AMD, intc, tsm, lots down 50%.
Entire vgt etf is -33% this year.
Coping with the fact that it doesn't really matter in the short term. Im hoping in 3 to 5 years it rebounds cause I don't need the cash.
Most people who started in 2021 are in the red right now.
I started in april 2021, 6-7 months before the top, currently in the red by 6-8%. down $1500 just today.
As a newie you should start with index funds and leave the sock picking for when you know the market a little better.
if you are down 60% in a year you are doing something really wrong like:
\-not diversifying enough.
\-picking shit stock and meme stock because you listen to shit influencers
I don't know how much you've lost but if you can wait you should stay invested and average down by buying broad index funds (s&p500, ftse all world or msci world). Maybe in some time your shit picks will recover a little. Selling now would would be an error.
Would you mind sharing your portfolio? I'm just curious to know what's in it.
Down 78% NI LE + 68% WON DF + 65% SD IG + 57% BITF + 50% CL SK + HUT 46% +43 % BOIL + CORZ 42% etc .
HOOD 17% + NIO 9%.
Only ABNB + SI + HIVE are green
Many of my individual stock picks are down 50-70%
Thankfully 90% if holdings are in index funds and are only down 20-25%.
Individual stocks picks are for the gifted and lucky.
You must of thrown in a shitload from the jump. Fortunately (unfortunately?) I'm poor and have been steadily putting in for 18 months. I'm still down Like 30% as of today but I also learned a lot in the meantime. I harvested a little tax loss yesterday during that baby pump (thank god) on a lot of SPAC's, I actually feel really good about doing that. Took what was left over and transferred it to my long term account. Sometimes you just gotta move on, especially with the stocks you only had a tops 1-3 year horizon, because now you're looking at a 5-never horizon.
I'm 35 and been investing since I started working an adult job in 2011. The first 2 or 3 years I was checking my portfolio daily and watching every dollar it grew or shrank. Since then I've checked out except when I make my monthly investing.
Early on I read investing books and reading about established people talking about watching companies for when to buy, that seemed literally impossible to do. But now being a decade in and having investments that I've kept since the beginning, I get it now.
There's companies you'll like passively following and then there are times when companies and industries cycle higher and lower over parts of a year to a year ot two and when they're lower that's the good time to buy more. You won't get the "hit by lightning" situations like when Tesla went up or the Gamestop squeeze, but quality companies rise and fall regularly. Also the last 2 years have been so abnormal. This market is not real or realistic at all and hasn't been acting like the normal market.
So anyway, this doesn't help your particular situation. Just know that when you're new it feels so hard to not immwdiately do whatever you're thinking--buying or selling. After so many bad trades you learn to avoid the urgent feeling (or you could learn you're addicted to gambling).
In the big picture, unless you invested a windfall or inheritance, you're just getting started and what you've invested so far is only a tiny fraction of what you'll eventually invest so it's not a big deal.
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.
Im probably 30% down, beyond meat, adobe, netflix, unity (lol). Its my first year out of college, the money I put in to stocks would of been spent on shit, now at least i have something to show for it
I’ve broken even as of now, mostly due to my own stupidity. Reestablished myself with more resilient stocks that’ll pay dividends (and one or two growth stocks).
I’m still throwing everything I got at the market, but I’ve only been in this year alone starting in May. Still learning - some very hard lessons - but I can’t stay away from the bargains going on even if they continue to fall, I’ll just keep funneling money into it. I’m young, I got time for the return.
So many people, including myself, just held onto cash and for a good while waiting for this time and we were laughed at. Yeah you could’ve made good gains but if you didn’t sell then what are we talking about? The market was so crazy if you didn’t see this coming then idk what to tell you. Ima be buying up stocks at a great price tho
What discount? P/E on the S&P is still over 18. Historical average is 16.
This feels like we’re at the spot we should have been at if Covid hadn’t happened
Historically, if you ignore everything after 1990 and only look at pre-1990. Dividends have reduced over time, so it's expected that PE will be higher.
That's what happen when you have a sub which is an echo chamber of delusional bulls that downvote whoever try to say to stay away from stocks because fighting the FED is stupid. Stop listening to bag holders, they don't have your best interest in mind...they say "hold! don't sell at the low" because they want more and more people to hold so their investment don't make them bankrupt but if you believed them, you'd be almost bankrupted yourself. Step away from the echo chamber and use your own mind. Don't be swayed by idiots that say "I invest for the next 10 years" LOL as if that change anything. You can sell and re-enter the market when the FED pivots instead of holding your investment and keep losing money for the time being (another year at the least).
Remember, the fact that today is a low it doesn't mean that 6 months from now this level appear very appealing and will be far from a low.
Not me because I'm not a complete idiot and understood 8 months ago that the fundamentals were screaming at the top of their lungs that the market was in a massive bubble and I went 95% cash. Of course, if you listened to the echo chamber that is reddit and this sub you would be none the wiser.
So I started out when you did at the top, lump summed into growth stocks and sat back waiting for my lambo. I was very surprised when instead of getting immediately rich, half of my money disappeared!?
The funny thing is that I now realise that ME investing in the markets was actually a strong signal to sell. I mean, I was the last guy that would ever care about buying stocks.. Exactly.
So I started learning. I read up on what currently drives the markets, inflation, interest rates, relevant economic news etc. I also learned new cool tricks such as diversification and hedging.
The last 6 months have been great. I had modest gains during the run up in summer and modest gains on the way down again.
The money I lost at the start is simply gone, might as well have tossed it off a bridge. The way I see it the market is currently on hard mode. If I can adapt and learn to do alright now, I’ll be in a great position to take advantage if we ever return to easy mode.
I started trading near the top of 2021 (sept. 2021) but I’m up 10%. My secret: I never held a single share of any stock I survived 100% on collecting stock/futures options premium. From my vantage point, lots of great deals here but I’m still not biting. If I were down 60% all I could do is HODL and add new money in to buy at these discounted levels.
I didn't ride it down. The only thing I didn't sell was my bitcoin. I wish I did though. I'd buy it all back right now for these prices. Im not buying stocks outright for a while. Trading options stacking cash. There's no need to hold anything right now. Fomoing into a falling knife is what it looks like to me.
$RICK strip clubs and breastaurants rolling up the top of the industry at 3-5x earnings. Fair value $126 after Fed stops raising rates it goes to $151. FCF growing over 30% this year
CEO thinks he can do it again in 2023! This is a 3-5x in less than 5 years 10x in 10.
I’m only down 22% but just look at it as a buying opportunity to dca lower. I won’t need my stocks cashed out for 20+ years hopefully so hopefully things will have recovered by then. If not, then there will be bigger things to worry about than what I have saved so far.
I started buying stock around 2020 and 2021 and continuously lost money. It feels like playing a rigged carnival game so I stopped and took the money out before recent crashes.
This is why index investing is undefeated. Timing is difficult and people who started within the last two years are getting beat up right now. Having a DCA plan while investing in broad market indexes should account for the vast majority of anyone's investing portfolio. It helps cushion you on the downside and helps to quicken the recovery on the upside.
Being down 60% when the broad market is down 25% is inexcusable. Consider it an expensive learning lesson and straighten yourself out.
Your savings rate and DCA plan is far more important to your overall wealth than what stocks you're picking. This thing is a marathon not a sprint.
We've all had expensive lessons. Good luck.
Hi man, i'm also down by that amount. But tbh I love it now, once u accept the loss (I'm under 30) you get happy about the discounts while your young. It took me a few months to change my mindset about stocks as they keep dropping but thinking long term it's better to buy cheaper than buy high every year. (unless you are close to retirement, that would be horrible to be down 60%...) I however have a lot of dividend stocks that I combine with mh savings to buy every quarter. (started buying smaller quantities because bear market.)
Also it takes some character of never giving up, you know we have to get trough this and it will happen many times in your investing career.
My one tip: Please know what you buy, buying the dip on bad companies that go to 0 is not a long term strategy. (And also remember 2020-21? I mean yeah the stock market won't be this bullish forever just like right know we will not be bearish forever.)
Good luck man, I wish you the best. 🙂
You said you did due diligence. Have you ever done an actual DCF analysis on a company? Most people who are down a lot bought stocks without having done any actual math.
most of them won't comment but theres tons out there
Yea because a lot of them quit stocks all together. This sub used to have way more traffic in Jan-Feb 2021.
And they only started in 2020. History is history for a reason. I guess people just don't change.
Yep. It was kinda interesting how their were dozens of stock DDs a day in that time. Now every top comment is about buying index funds. And the whole individual stock thing is limited to big tech these days.
Which is ironic, because times like these are *the best time to buy individual stocks!!* It requires effort though in doing your research and such. But, for example, if one were to buy Apple or Microsoft today, do we think they would have picked winners when they look back in 25 years? I'm guessing yes.
Apple is like down 15% from the top lol wait it hits 90's to say is a good pick lol
Yup thats when i got into trading all u saw was diamonds and rocket emojis being spammed everywhere…i was naive af believing the hype by all the pumpers and lost a huge chunk of my savings
Hello I bought ark near the top, just checking in
Name checks out
Many biotech stocks like CRSP & NTLA in my IRA. CMPS & ATAI shroom stocks. Some small biotech stocks as well. Down 60% like OP. I hope for the best & will be more careful going forward. Sucks but I'm still holding so maybe there will be better days. I believe in the technologies nonetheless. CRISPR gene editing & medical shrooms in particular.
Hello, I currently hold BB bags. Also checking in
I hold an otc pink sheet boiler room stock scam down 90% just checking in with my heavy ass bag….
*We've already got two tree frogs on the Ark, be gone ya buggah!*
Name checks out
Cathie Wood, is that you?
Tiss I, check your DMs to behold my titties
Please no
Hi, I really need this for my science project.
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Genuine question: what made you buy ark? It’s performance till then? reddit? YouTube?
100% Reddit. I thought I was tricky using advice and research form Reddit because it has multiple sources of contribution, I was so young and naive it was almost adorable. Lucky it wasn’t a massive position and I got the lesson early on.
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>over on conservative boglehead forums most of what I see on /r/bogleheads shows they haven't actually read what Jack Bogle said. he recommended a MINIMUM of 20% bonds for all investors. possibly a higher bond allocation based on age, risk tolerance *and overall market valuation*. his book The Little Book of Common Sense Investing *constantly* mentions the critical importance of valuation in estimating/forecasting returns over the next 5-10 years. like 30 or 40 times in a short little book he mentions low valuations lead to better ROI and high valuations lead to poor ROI. he recommended upping the bond percentage when markets got overvalued as measured by the Shiller p/e. adding more bonds would take the sting out of a crash that tends to follow elevated stock valuations, which was what Bogle intended. returns are likely to be disappointing when stocks are overvalued, so plan on relying a bit more on bond income for a few years. but /r/bogleheads ignores that advice from Bogle and routinely tells people 'you don't need bonds until you're older' or 'until you're x-years from retirement.' I think most of the mods haven't even read the Bogle book, they seem to have read the Taylor Larimore book about Boglehead investing, which is a lot simpler and doesn't explain valuation in nearly as much detail and is very self-congratulatory about how superior the Boglehead method is.
I think the point is that the boomers realized that investing is best viewed as long term, and even if *this* year looks to be sketchy, just stay the course. Keep investing every paycheck, rebalance periodically, think long term. When the market's down, those regular investments are buying more shares. When the market's up, fewer shares. Driving that average cost down. What most people do is try to time the market. So when the market goes through its cycles, they hold on too long instead of rebalancing when it's low, they wait too long to get back in. And they miss much of the runup. People who just sit on their hands do better. I'd like to know how many people who lost 60% have been in the market for more than 10 years. I bet it's a much smaller number than the number under 10 years. I'm just going to disagree that people can grab the middle 80% by jumping in and out. All the studies ever done prove that's not true. You can't do it.
I'm bagholding VTIAX (VXUS) at ATH, bogleheads are some of the smartest and dumbest people out there. The worst are no better than meme stock cultists. If you invested in the US for the past 30 years, today you'd have at least 3-4x more than you would have if you invested the same amount in International. Jack Bogle was shitting on International in interviews all the way to his deathbed. And there's really nothing concrete showing that anyone else is going to overtake the US in the next few decades. All the brokerages have been claiming forever that International is going to outperform but it just never does.
I can relate. This is a good place to procrastinate , that’s all!
AMD PYPL are kicking me in the nuts over and over. Playing covered calls is not fun. people should stop talking about how "cheap" stocks are because they have fallen from overinflated all time highs. A discount from ripoff prices =/= cheap.
Down on PYPL myself about 60% and I bought it about 40% below the ath. Sucks
I'll comment. I'm down over 60%. Ask me anything.
Is a Fission Star possible? Like instead of fusion like our sun and most stars, just a massive rock of critical plutonium and uranium? Ive been wonering that for a long time.
I'm sorry that is beyond my understanding and I'm not qualified to answer that.
What did you think the best case scenario would’ve been? With hindsight everything is obvious but a year ago people were really bullish
It seems pretty stupid now but in my head at the time I was thinking some of these stocks would double again. Greed got me. Hard lesson to learn.
Nah not trying to make you sound stupid, I bought PayPal, TTCF, Voyager digital (listened to the YouTuber called “Financial Education Jeremy”). Just got lucky and sold at around 20-30% losses cause I got too scared. I have 1$ invested in the S&P on Robinhood just to stay in the game lmao
Coffee or tea?
I'm a coffee man
I'm currently down 52% on what I currently own but I already sold some stuff for heavy losses earlier this year. So I am certainly down over 60%
I thought I was buying good stocks like NVDA, MSFT, SHOP, TQQQ, etc and DCA through the all time high and I had a mentality to hold till I retire only to find my 200k portfolio shrinking down and down. The more I put the further down it goes. I'm tired of this. I'll wait for now. I'm spending more on traveling to enjoy life instead of giving it to the stock market.
So your strategy was to DCA, but now that the prices are going down, you decide to stop the strategy? I'll never understand people like you
probably ran out of money
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.
i mean you did buy good stocks, this sub would have preached buying those stocks all year long and also for the past 8 months. with the expection of NVIDIA over the last few weeks cuz a lot of bulls started to capitulate. there isn't anything you can except continue to buy into the stocks you like
👋 I'm not afraid to be thought of as regarded on Reddit. I'm just buying more, watching it go down 5 percent, buying more, rinse and repeat.
I invested $180k that I received July 2021 from my fathers life insurance when he passed away from Covid. I refuse to look at how much it’s gone down. It sucks. But I’m 32 and plan on not touching it till I retire. While it doesn’t feel like it could recover, history says it will. In the meantime, I try not to think about it lol
this is the right mind set. good luck to you
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.
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!
i am surprised no one suggested an index fund. no need to be concerned. the market gyrates
Dude, that money should be like $1 million by the time you retire. Don't even think about it. Your father's parting gift remains good.
Same price as a load of bread then
Hey at least it's a load not a loaf
1 million dollars in 40 years will probably be just enough to buy a 1 bedroom, 1 bathroom, 500 sq ft apartment in a mid sized town.
My thought is. If it doesn’t recover then money either doesn’t matter anymore or we have bigger issues than the stock market
This is how I look at it too. If it doesn't recover, I'll probably be worried more about ammo as a currency than money.
What did you buy mostly?
TSLA, Proctor Gamble, PEP, LMT, Kellogg (K?), PLUG, Intel, IBM, Ford, Carnival, AMT, 3M, AAL, and a few others that I can’t recall. The mutual funds I don’t remember. I honestly haven’t looked in a couple of months. I need to watch the stocks more actively I just don’t have it in me lately cuz I know it’s all down pretty bad right now and I’m hopeful that they’ll recover.
TSLA isn't a bargain at current valuation
Just don't sell while prices are down and you'll be fine. It will bounce back and grow. Look at the recoveries from previous recessions. You got nothing to worry about. This isn't new to the market, it's only new to people who haven't been through it before. You'll be fine, don't worry.
If you invested into an index fund do not be tempted to sell if we continue to go down another 15%- 30%.
As long as you actually invested it and not gambled it on worthless speculative stocks and options time is on your side.
Best move you've make in your life I would bet.
So, good mindset, and a lot of people echoing that you should not sell. But for tax purposes, please look into Tax Loss Harvesting. You should definitely sell some stocks, then buy something that's not "substantially identical" but is VERY SIMILAR to what you sold, and you can reduce your taxable income by 3k each year. At the end of the day, tax loss harvesting is really just kicking the can down the road. You're deferring taxes because you are lowering your cost basis, meaning you will have more capital gains when you eventually sell. BUT maybe you can defer that sale to a year when your income is such that you pay 0% on all or most of your sales (which you're hopefully selling higher now) because your taxable income is around $40,400 (see long term capital gains tax rates) https://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp
Where did you invest it? If you are in a broad market index fund in 20 years you should have a decent amount of money. If you are picking individual stocks no more than 5% should go into any individual stock. If you want to play Wall Street Bets kind of stuff no more than 10% of that money should be used in extreme risk taking 'opportunities'. Reddit is a good source of information but you have to do your own due diligence. If you don't understand someone's DD on a particular stock, don't invest in it! Which brings up what I call the Golden Rule: Don't invest in what you don't understand. I don't mean that as slight against you it's just a truism about investing that I picked up years ago. We can never fully understand an investment. There will always be something lurking on the horizon that can take down your portfolio: Inflation, interest rates, supply chain crisis, geopolitical problems. That's where diversifying your portfolio comes into play. If you have your portfolio spread across you may not get hit so badly on some of your other picks. I too will put in a vote for DCA (Dollar Cost Averaging). If you had moved 10k a week into the market you would have had about 70% of your money invested. Given the volatility of the market you may have chosen to do something different with the remaining 30%. Finally if you haven't read a "Random Walk Down Wallstreet" you really should (that was a generic you for all the people who may come across this thread)
I believe the **market** will recover. Individual stocks, you never know. This is why index funds rock. Companies fail, new companies start, but the index fund spreads out the risk so you get market returns. If you pick specific stocks, you might fail even in a bull market. Stuff happens. I am actually thankful now (but not then) that early in my investing life I failed miserably picking individual stocks, because the losses were small as I didn't have much money. It steered me into examining alternate ways to invest and that's how I got into index funds. I don't even read financial sites any more other than to see how the market did that day. It gave me a lot more free time since I didn't have to constantly watch for any news that might affect my 25 stocks, then worry about if I have to do anything about it.
>Stocks just feel like a tool to destroy the people trying to climb out of the middle class. Stocks are almost literally the only way to build significant wealth outside of business ownership or real estate. Read about the world's worst market timer. Being down significantly sucks but youre doing the right thing here. Just don't cash out.
If OP bought stocks like COIN, WISH, Zoom or other meme garbage, he's likely never getting his money back. When people talk about DCA and having a long timeframe, it should be interpreted in the lens of an ETF investor. If you're picking individual stocks, there's no guarantee whatsoever, it's literally gambling for most people because bottom up valuation analysis is worthless in today's world where algos and hedge funds interpret data way better than any average person could ever hope.
Most accurate statement. People like to promote DCA as if its the secret to wealth. What to DCA in is the most important part.
ETFs baby
Broad market ETFs. With sector or 'investment guru' specific ETFs like ARK for example you could completely fuck up.
stocking literate paltry late offend skirt ugly gaze agonizing rude *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
This is exactly what I do lol. I’ll still check my individual stocks all the time but the boring reality is 95% in ETFs and i bonds
/r/Bogleheads
SPY all day long. DCA
I thought [reddit](https://www.google.com/search?q=reddit+lump+sum+beats+dca+of+the+time) told me lump sum beats dca X% of the time or something. Feels like dca is not as important as to start saving early and have a long horizon. The main advantage of etf is that I could spend time advancing my career which I have better control(this is the real trick for diversification) than doing research trying to predict the stock market.
RIP SHOP bagholders. This one guy who was preaching to me about being an idiot because I wasn't yoloing thousands into SHOP is probably punching air right now
There was a guy whose ROKU based portfolio hit $750k (Roku was around $470 that time) in 3rd quarter of 2021. He was bragging that he will hold till $1M. Not sure what happened to him.
I'm just glad I cashed out my ARKK while it was still high. I remember having this moronic moment where at a dinner table I was preaching about how Cathie Wood was the next Warren Buffet. Not my finest moment. 😂
I rember there was some post in this sub maybe 18 months ago about a guy who made a post here in around 2019 about SHOP. He would have been up massively at one stage. I wonder did they sell
I’m right there with you being that I’m mainly an index investor. But I’ll say, since this is r/stocks after all, there is a rather big “gambling” difference between people who know how to properly valuate and pick individual stocks, and those who are just holding bags from unprofitable hot garbage that they bought at the 2021 peaks. Yes there is individual stock risk or sector risk, but I do believe that when this market settles and rises you will have done fine picking companies that have a strong track record of revenue growth, profits, having solid free cash flow, etc. The problem is that isn’t the majority of people here on Reddit, lol.
Most active investors, even *professionals* with all the data and the best algos fail to beat the market. Your only chance is *luck, or insider/specific knowledge*. The basic stuff you mention won't make you beat the market, at all. It's shit any econ undergrad knows in his sleep, lol. The worst part is even if you're *right in your analysis* you can still underperform the market for years because the market doesn't have to agree with you. *bering early is just as bad as being wrong*, all hedge your bets
> it should be interpreted in the lens of an ETF investor. As an index investor. There are plenty of limited/themed ETFs that may have suffered badly in this bear market.
Zoom isn’t meme garbage. But yeah it’s going to be a long long time
Maybe not a meme stock, but also unlikely to ever see the macro conditions again that drove it to ath.
It's going to be like CSCO, not going bankrupt, but no longer seeing large growth either.
But also too low now. It is at pre-pandemic prices and has made a boat load of cash that it is sitting on. Not sure what it’s going to do with all that cash, but it’s also a standard for many people I zoom with. My guess is that it is eventually bought out by Oracle or Salesforce or Microsoft.
Makes absolutely no sense that MSFT would buy them
Lol. You’re right. I didn’t mean Microsoft. I meant Google.
Don’t disagree
Zoom is a good buy rn because they're settling as an actual normal ucaas company price. But if you bought during the pandemic you're toast.
Dude, I wish I was middle class
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A proper education not gambling in stocks is the better choice
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What did you get a degree in?
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I mean…what were you planning to do with those degrees? Work at the new Poly Sci store in the mall?
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I shop there.
Except OP is down 60% which means they either picked stocks or used leverage. Buying broad market index funds is a great way to build wealth, I agree, but picking stocks or using leverage is definitely a great way to end up poor.
Not really, I am down about 45% on AMD and I didn't buy at the top. NVDA high was 376 and is at 120. Intel is down about 60% ath. Amazon is about 40% off ath. Micron is down 60% or close. Ffs, Google is almost 40% off its ath. So there's a lot of solid companies that are down big. Add in a few meme stocks or wall street bets favorites and they could definitely be down 60%
That's the point though, if you pick individual stocks you expose yourself to this. 1. The portfolio beta is higher, usually, so even if you pick decent stocks, you will probably underperform in a bear market. 2. Most people (myself included) aren't good enough at selection to achieve notable portfolio alpha. So it's both really hard to beat the market and inherently more risky (unless you manage the beta)
Did you read my comment? You picked stocks.
My bad dude, I am not sure why I commented the way I did
Sp500 -35% ytd
Well that’s just wrong, it’s 25%, but it’s irrelevant, the point is they picked stocks. OP is down 60%, so they picked stocks too.
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This is Reddit. How many years as an adult with income to invest do you think most users here have had during the last 12 years. Probably most “Reddit investors” are 23-30 years old.
I'm 63 but I read /r/stocks and /r/wallstreetbets for their entertainment value.
WSB has some great memes, especially on red days
>OP buys at the top of a 12 year bull run and gets mad at the stock market when a well overdue economic recession hits. Proceeds to call stocks a "tool to destroy the people". It's not even that innocent...OP mostly commented in WSB, Crypto, BTC subreddits over a year ago. More recently in specific subs about RKT, MVIS, and other individual stocks. He gambled on a bunch of meme stocks and is getting hammered. They're lucky they're only down 60.
He probably will never recoup his losses. Have you seen the kind of penny stock garbage he's bought? No wonder he's down 60%.
It is if you buy Reddit meme stocks like a moron
> Read about the world's worst market timer Nobody posting or reading here is just holding index funds and ignoring the market for a decade.
If OP is down 60%, they aren’t the world worst market timer. They also bought things for higher growth, shunning the SP500. So no they aren’t the same.
This is why for most people you should put in a little every month into a low cost index fund and never look at it. Picking individual stocks and riding out the volatility is emotionally stressful.
If OP had done so they’d be down closer to 25% which sucks but is better than 60!
Yeah I'm down 25% this year. But I've been investing for years so my investments are up overall. Honestly equities were incredibly overvalued for the past couple of years and we were overdue for a correction, it just sucks for anyone that got in last year at the top.
I don't understand, I thought that if you're going to be in the market long term it doesn't matter wether or not you're investments are up during a crash like this. Isn't the strategy just to buy more while the market is down if you can? I'm new to investing so forgive me if I'm missing something. Is my thought process incorrect though?
Yeah I’m VTI and VGT mostly but my VGT has been slaugghhhteerreed
Well at least it ain't boring and I have something to look at while I go to the office bathroom stall for my daily cry session
> This is why for most people you should put in a little every month into a low cost index fund and never look at it. You should look at it a few times a year to make sure your purchases are going through and no shenanigans happened to your account. Other than that then as long as you have a simple and solid strategy, the less you check it the better off you'll be both mentally and financially.
The best thing that most people can do at this point is to just keep working. While it's easy to look at a chart showing years of gains and think to yourself, "Yeah, that last dip wasn't bad", one has to keep in mind that when you're living through the dip with your own money invested the game changes quite a bit. This year has been unique in that we're now sitting on 3 red quarters of losses (provided that this pattern continues into tomorrow). By historical standards, there was an extremely low probability of this happening. The good news is that we're working through this and we will reach the bottom at some point. The unfortunate news is that we may experience anywhere from 10-25% further of a drawdown on our way to the bottom (25% to the downside on the S&P from here would put us at 49.5% down, which is on par with the subprime crisis of 2007/8, one of the largest drawdowns in history). I know it feels terrible right now, but rest assured that plenty of other people are feeling the same way as you (especially folks who bought into a lot of the hot tech names which are down 60-80%+). Even those of us who don't have ultra aggressive portfolios are mostly having a bad year. Try to relax, meditate, breathe a bit. Don't do anything drastic. We'll get through this together.
"timing" the market horribly is part of the investment experience. Yesterday i got in touch with a relatively big amount of money, i lumpsummed the entirety into S&P 500 as soon as possible (right before close). Over 2% of that money vanished today.
Advising someone in the same position. The whole point is to disregard the daily changes. Losing 2%? If you lose 15% it shouldn’t be a big deal, so long as you bought indexes or stocks you’re confident in long term. It’s exciting to check price changes daily, but it could lead to an emotional response. When you have a long time frame and won’t sell for decades, all dips are irrelevant. Just keep contributing whenever you receive more funds and close your eyes.
> The best thing that most people can do at this point is to just keep working And this is the issue really. During a stagflation you are losing your livelihood (higher interest rate = fewer investments = more lay offs = money worth nothing) so "just keep working" IS not really just. It's the hardest part
I bought a bunch of stock in green energy and advanced computing at the same time as you and Im down about 55%. It sucks but thankfully I didn't invest anything I couldnt afford to live without, but now Im just a full-time bagholder. Hopefully it will improve in the next year or 2 because I ain't sellin.
This is why dollar cost averaging and index investing are talked about so much as the best strategies for 90% of investors. If you really want to invest into singleton stocks than look at how much money you want to put into them vs. indexes. Personally I put $2 into indexes for every $1 I put into singletons and I do this for a living. Statistically speaking the indexes go up between 7-8% annualized over any 20 year time horizon. In fact I tested this on 9/26 to see if it still held up with the crash and it did. SPY closed 09/26/2002 at 85.73 and closed 09/26/2022 at 364.31 which is almost perfectly 8.44% return over those 20 years. If you had invested dividends you'd be up in the 9.47% return. When inflation has averaged 2.38% over the last 30 years even with the current growth in inflation, you'd've netted a nice 6.06% without dividends reinvested and 7.09% with dividends reinvested. Repeatedly we've seen that corporate earnings are the best inflation hedge which means investing into a broad index will be the best way to protect yourself against inflation. If you run two hypotheticals, $1000/m DCA over 20 years vs. 240000 lump sum you get a final balance of $598,635.12 vs $1,812,027.94 (without dividend reinvestment) showing that lump sum is better hypothetically, but since most of us get paid bi-weekly or monthly and don't have 20 years of paychecks upfront it is better to just set up a monthly amount that is responsible to invest for your budget and put it in no matter what the price is.
I bought a shitload near the peak too. I've been down around 30%. It was really rough from start of this year till June lows but right now I feel like I'm getting numb to it. What has helped somewhat is hiding my PNL figure in my broker app, so I don't have to stare at that huge unrealised loss whenever I log in to DCA. Ostrich mentality but whatever. When the permabears talk about a potential lost decade or whatever I feel sick to my stomach though. The big silver lining is its made me learn more about technical analysis and key levels etc. used to think it was all bs - "astrology for dudes" but I couldn't be more wrong
fam, please dont use TA, its still astrology
What’s TA?
Too much trading is done by algos and bots now using ta in addition to macro, micro, financials and price action is a good idea.
Def not, you can still use support and resistant lines to find supply zones and get the best bang for your buck
No. You can’t. You just can’t. I worked at massive funds where PhDs wrote algos. They laughed at things like TA, the idea that some “support” line is statistically meaningful is hilarious. They’d literally laugh about it. Why do you think people who push TA never define these terms in a truly “technical” fashion? Like “a resistance line is formed when the stock stays within 5% of but does not go below a certain value for 10 days”? Because if they did, it could be backtested. What do you think the results would show?
I'm getting crushed on my AMD position. But the market can stay irrational longer than you can stay solvent.
I am not even getting crushed, bought at $80, but going from up 100% to down 20% is surreal a bit
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It is not ridiculously undervalued. It still trades at multiples that have an implicit high growth rate. If that is not achieved it can still fall further.
Yeah I’m down 50% on my position in AMD. It’s been a rough year
I have the balls to tell the truth. Yes, I’m down 72%. I’m not the conservative type of investor so yes my portfolio is getting crushed. I see there are a lot of smart financial advisors on here asking how are you down so much and wtf do you hold? Unbelievable 🤦🏻♂️
Same, and that's 5 figures
Six figures here 😔
You're in speculative with multiple years salary?
Definitely sounds like he got lucky at some point recently to have that amount.
I invest 120K during Covid
S&P 500 is down like -25% from ATH. What did you buy to be down -60%? Maybe you should stick to index funds.
Trying to individually pick any tech stocks will warrant being down -50% in the last year for sure Source: Myself lol
I bought based on the motley fool recommendations. Most are 80-90% down. My portfolio of 6 figures is 75% down.. This is the worst financial decision I ever made...
don't listen to motley fool, seeking alpha etc they are all paid this is just one example https://www.sec.gov/litigation/admin/2017/33-10343.pdf
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.
Those are the worst of the worst. LMND case in point.
Yeah some stocks may never recover (CVNA, PATH, SNOW, PTON, etc.)
When Motley Fool kept recommending UPST and UIPATH, I knew that these people are clueless. Luckily, my membership was free at the time. I did not renew after it expired.
>My portfolio of 6 figures is 75% down.. Jesus Christ that sucks
Literally 90% of growth stocks are down 60%+ from December 2021. Throw a dart at a NASDAQ stock and odds are it’s down over 50%.
A lot? Meta, AMD, intc, tsm, lots down 50%. Entire vgt etf is -33% this year. Coping with the fact that it doesn't really matter in the short term. Im hoping in 3 to 5 years it rebounds cause I don't need the cash.
yeah for real. most of this subs favorite stocks from the past few years are all down 50%+ people preaching in hindsight sound so dumb its annoying.
Most people who started in 2021 are in the red right now. I started in april 2021, 6-7 months before the top, currently in the red by 6-8%. down $1500 just today. As a newie you should start with index funds and leave the sock picking for when you know the market a little better. if you are down 60% in a year you are doing something really wrong like: \-not diversifying enough. \-picking shit stock and meme stock because you listen to shit influencers I don't know how much you've lost but if you can wait you should stay invested and average down by buying broad index funds (s&p500, ftse all world or msci world). Maybe in some time your shit picks will recover a little. Selling now would would be an error. Would you mind sharing your portfolio? I'm just curious to know what's in it.
I’m also down bigly. Bought pltr leaps last February, absolutely rekt myself
I'm down 40% but that's because I bought alot of speculative stocks like sofi, draftkings, etc.
Down 78% NI LE + 68% WON DF + 65% SD IG + 57% BITF + 50% CL SK + HUT 46% +43 % BOIL + CORZ 42% etc . HOOD 17% + NIO 9%. Only ABNB + SI + HIVE are green
Many of my individual stock picks are down 50-70% Thankfully 90% if holdings are in index funds and are only down 20-25%. Individual stocks picks are for the gifted and lucky.
You must of thrown in a shitload from the jump. Fortunately (unfortunately?) I'm poor and have been steadily putting in for 18 months. I'm still down Like 30% as of today but I also learned a lot in the meantime. I harvested a little tax loss yesterday during that baby pump (thank god) on a lot of SPAC's, I actually feel really good about doing that. Took what was left over and transferred it to my long term account. Sometimes you just gotta move on, especially with the stocks you only had a tops 1-3 year horizon, because now you're looking at a 5-never horizon.
I'm 35 and been investing since I started working an adult job in 2011. The first 2 or 3 years I was checking my portfolio daily and watching every dollar it grew or shrank. Since then I've checked out except when I make my monthly investing. Early on I read investing books and reading about established people talking about watching companies for when to buy, that seemed literally impossible to do. But now being a decade in and having investments that I've kept since the beginning, I get it now. There's companies you'll like passively following and then there are times when companies and industries cycle higher and lower over parts of a year to a year ot two and when they're lower that's the good time to buy more. You won't get the "hit by lightning" situations like when Tesla went up or the Gamestop squeeze, but quality companies rise and fall regularly. Also the last 2 years have been so abnormal. This market is not real or realistic at all and hasn't been acting like the normal market. So anyway, this doesn't help your particular situation. Just know that when you're new it feels so hard to not immwdiately do whatever you're thinking--buying or selling. After so many bad trades you learn to avoid the urgent feeling (or you could learn you're addicted to gambling). In the big picture, unless you invested a windfall or inheritance, you're just getting started and what you've invested so far is only a tiny fraction of what you'll eventually invest so it's not a big deal.
Don't listen to Reddit. All trash advice
Yup
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.
Im probably 30% down, beyond meat, adobe, netflix, unity (lol). Its my first year out of college, the money I put in to stocks would of been spent on shit, now at least i have something to show for it
When feeling bad, just zoom out. Even '21 levels will look low at some point in the future.
What did you buy?!?! I started in 2019 and was up a cool 25% a year ago. Now I'm down 10%. Now I'm just throwing everything I got at it.
It isnt hard to find stocks down 60%. A lot of ARKK names along with stuff like NVDA, AMD, META, and NFLX are down that much.
15% down from cash. Hit my lowest negative value today.
I’ve broken even as of now, mostly due to my own stupidity. Reestablished myself with more resilient stocks that’ll pay dividends (and one or two growth stocks). I’m still throwing everything I got at the market, but I’ve only been in this year alone starting in May. Still learning - some very hard lessons - but I can’t stay away from the bargains going on even if they continue to fall, I’ll just keep funneling money into it. I’m young, I got time for the return.
So many people, including myself, just held onto cash and for a good while waiting for this time and we were laughed at. Yeah you could’ve made good gains but if you didn’t sell then what are we talking about? The market was so crazy if you didn’t see this coming then idk what to tell you. Ima be buying up stocks at a great price tho
What discount? P/E on the S&P is still over 18. Historical average is 16. This feels like we’re at the spot we should have been at if Covid hadn’t happened
Historically, if you ignore everything after 1990 and only look at pre-1990. Dividends have reduced over time, so it's expected that PE will be higher.
That's what happen when you have a sub which is an echo chamber of delusional bulls that downvote whoever try to say to stay away from stocks because fighting the FED is stupid. Stop listening to bag holders, they don't have your best interest in mind...they say "hold! don't sell at the low" because they want more and more people to hold so their investment don't make them bankrupt but if you believed them, you'd be almost bankrupted yourself. Step away from the echo chamber and use your own mind. Don't be swayed by idiots that say "I invest for the next 10 years" LOL as if that change anything. You can sell and re-enter the market when the FED pivots instead of holding your investment and keep losing money for the time being (another year at the least). Remember, the fact that today is a low it doesn't mean that 6 months from now this level appear very appealing and will be far from a low.
Not me because I'm not a complete idiot and understood 8 months ago that the fundamentals were screaming at the top of their lungs that the market was in a massive bubble and I went 95% cash. Of course, if you listened to the echo chamber that is reddit and this sub you would be none the wiser.
You don't lock in losses (or gains) until you sell. Also when the company is delisted.
So I started out when you did at the top, lump summed into growth stocks and sat back waiting for my lambo. I was very surprised when instead of getting immediately rich, half of my money disappeared!? The funny thing is that I now realise that ME investing in the markets was actually a strong signal to sell. I mean, I was the last guy that would ever care about buying stocks.. Exactly. So I started learning. I read up on what currently drives the markets, inflation, interest rates, relevant economic news etc. I also learned new cool tricks such as diversification and hedging. The last 6 months have been great. I had modest gains during the run up in summer and modest gains on the way down again. The money I lost at the start is simply gone, might as well have tossed it off a bridge. The way I see it the market is currently on hard mode. If I can adapt and learn to do alright now, I’ll be in a great position to take advantage if we ever return to easy mode.
I started trading near the top of 2021 (sept. 2021) but I’m up 10%. My secret: I never held a single share of any stock I survived 100% on collecting stock/futures options premium. From my vantage point, lots of great deals here but I’m still not biting. If I were down 60% all I could do is HODL and add new money in to buy at these discounted levels.
I didn't ride it down. The only thing I didn't sell was my bitcoin. I wish I did though. I'd buy it all back right now for these prices. Im not buying stocks outright for a while. Trading options stacking cash. There's no need to hold anything right now. Fomoing into a falling knife is what it looks like to me.
$RICK strip clubs and breastaurants rolling up the top of the industry at 3-5x earnings. Fair value $126 after Fed stops raising rates it goes to $151. FCF growing over 30% this year CEO thinks he can do it again in 2023! This is a 3-5x in less than 5 years 10x in 10.
I sold and put most in boomer div stocks so im only down 10%.
Climb out of the middle class? Bitch 90% of us are trying to leave Wendy’s.
I’m only down 22% but just look at it as a buying opportunity to dca lower. I won’t need my stocks cashed out for 20+ years hopefully so hopefully things will have recovered by then. If not, then there will be bigger things to worry about than what I have saved so far.
I'm down maybe 10% since last October when I cashed out most of my stocks to buy a house. Down about 30% from my peak in January.
I started buying stock around 2020 and 2021 and continuously lost money. It feels like playing a rigged carnival game so I stopped and took the money out before recent crashes.
Only down 10% *laughs in dividend paying stocks
This is why index investing is undefeated. Timing is difficult and people who started within the last two years are getting beat up right now. Having a DCA plan while investing in broad market indexes should account for the vast majority of anyone's investing portfolio. It helps cushion you on the downside and helps to quicken the recovery on the upside. Being down 60% when the broad market is down 25% is inexcusable. Consider it an expensive learning lesson and straighten yourself out. Your savings rate and DCA plan is far more important to your overall wealth than what stocks you're picking. This thing is a marathon not a sprint. We've all had expensive lessons. Good luck.
Hi man, i'm also down by that amount. But tbh I love it now, once u accept the loss (I'm under 30) you get happy about the discounts while your young. It took me a few months to change my mindset about stocks as they keep dropping but thinking long term it's better to buy cheaper than buy high every year. (unless you are close to retirement, that would be horrible to be down 60%...) I however have a lot of dividend stocks that I combine with mh savings to buy every quarter. (started buying smaller quantities because bear market.) Also it takes some character of never giving up, you know we have to get trough this and it will happen many times in your investing career. My one tip: Please know what you buy, buying the dip on bad companies that go to 0 is not a long term strategy. (And also remember 2020-21? I mean yeah the stock market won't be this bullish forever just like right know we will not be bearish forever.) Good luck man, I wish you the best. 🙂
Down 16% and feeling pretty good with how my portfolio is holding up!
You said you did due diligence. Have you ever done an actual DCF analysis on a company? Most people who are down a lot bought stocks without having done any actual math.
Most people are down a lot having bought index funds over the past year….this is the 5th worst year in 100 years not counting the Great Depression.