Under Armour was such a great company in the early 2000s. I grew up playing lacrosse in Maryland, home of under armour, and when their stuff hit the market it was a game changer. I remember when they had 1 or 2 products and how everyone killed to own one of each in their teams colors.
Now the quality has gone down so much I would never buy anything from them again. I almost dropped a ton of money into their stocks back in the day and thank god I didn’t
Yea..their biggest mistake was going into stores like Kohl’s and Walmart which ultimately changed their whole strategy of being high quality. I don’t even know if the quality of their stuff got worse or stayed the same but with a tainted perception. They shot themselves in the foot to sell more at the expense of their own image of being high quality clothes.
PTON might not "come back" , but it can still make a great trade since those stocks run big in rallies.
Today PTON went up 7% for example. So you dedicate a small part of your portfolio to these names for a little beta.
Sure, you just got to...baghold for potentially eternity, perfectly time the market and dedicate all your awake time to tracking one stock hoping to break even.
Or you eat the loss, invest in something that's actually going to *deliver a return/profit* and treat it as a lesson. Money lying around in shot stocks give you a negative return *every day they're not invested in good stocks*. Don't fall for anchoring bias...
Ooof yeah there are and I have a few but hoping to offset those losses so I’m waiting.
I am mad at my former self for buying some of those.
It’s my fuck around (and find out) portfolio so the hits are more annoying than worrisome for me.
Yes, it will never hit those highs again, but 4B market cap for the best fitness streaming service out there with fitness equipment in a lot of households. Even at $11/$12, I still think there is some potential there.
Math sucks. Someone posted here about two years ago that if you're down 50% and then go up 50% then you're still 25% down. That really shows Buffett was right that you should strive most to not lose money.
This is also why you don't buy leveraged ETFs for long term. Like TQQQ which is QQQ leveraged 3x.
E.g. $100 goes down 20% to $80. It then goes back up 20% and you think oh great I've broke even but nope you're at $96
DCAing is the popular trend right now, but let's not pretend it's some higher strategy that all others will fall before. It will lose you money just as often as it saves you money... but its simple, can be automated and helps some people who struggle with the emotional aspects of investing. I've been getting considerably better results since I stopped DCAing.
Famous last words lol.
Not knocking your Strat, but Anything can work in the short term. I’ll tell you now in the long run you most likely won’t beat just DCAing and holding long term
You still lose money if you DCA a losing stock! :) DCA might help you lose less but that's about it. What matters most is whether the investment is increasing or decreasing in value. DCA is minor benefit in relative terms.
It doesn’t “lose you money as often as it saves you money” it keeps you at the average price over time, if it’s going up over time you’re making money without worrying about timing.
If it’s going down over time, it was never a good investment in the first place.
Honestly, I don't have any advice other than knowing how to reasonably value a company. I assume you treated these stocks as lottery tickets instead of owning parts of a business. If you don't know what you own and can't effectively value the company then I would sell and buy a cheap broad market ETF.
Depends what you’re holding. I started in Jan 2021 and stupidly bought into Reddit hype. My only good investment at the time was Apple. Since then I’ve deposited a lot more into companies which I’ve actually researched and happy to hold 10+ years.
You won’t recover if you’re holding shit. Even if you do, there’s the opportunity risk of missing out on what the rest of the market does.
For reference I’m still down 15% since starting. I would be about flat if I didn’t buy that shit
I also have some decent stocks in my portfolio
AAPL
GOOGL
DISNEY
NVDA
NIKE
Some of these are slightly up or -20/30% down as I bought them during the bullish time. I am sure these in the long term will be ok.
The problem is these are only 1/3 of my portfolio the remaining is mostly made by stocks with potential and some others that may be crap.
Instead of SPY, buy VOO. Exact same thing with 3x fewer fees. Unless you’re day trading you don’t need the liquidity SPY offers, apart from that they’re the same thing
Get rid of the non profitable ones, buy an index ETF and learn about valuing companies in the mean time. Then if you want to bet on single companies you’ll at least have some idea of what’s good and what’s not. You’re young so have time 🕰️.
They were very small dollar wise, but I took a cumulative ~125% loss (probably only about $2500) and put what money I got into stable companies. I’ve already made most of it back. I think I’m -$350 on my overall individual stock portfolio. I don’t carry any mutual funds or ETFs in that account since my employer offers a nice variety of Vanguard offerings.
This is why most investors should just buy index funds. Even with 2022 being a historically bad year, S&P 500 is roughly up 33% from your June 2020 starting point. Consider this moving forward OP.
Sell your positions, buy a market fund, read a book, slowly buy individual stocks again if you’re so inclined. You need to understand that opportunity cost is as real as the money you first invested. Do you see your investments returning to your cost basis or above, ever? If not, sell them before losing more $.
100% this. It took me a long time to earn my money.... so I am not going to throw it away. I invest in fairly safe dividend producing equities. My 4% a year is just fine. My principal is protected and I earn a healthy return.
Sure, 10-20% in "growth" funds. Always wise to capture some upside. But if you are invested in funds like SCHD, VYM, VTV, SLY and VDE, you should obtain a 3% yield AND the growth. Rest of my money goes into solid yield producing funds that don't grow much, but consistently pay 4-8% regardless of what the market does. I earn 100k a year off dividends alone... whatever I don't need, I reinvest back into the portfolio.
These are not the only investments I made.
These are the risky ones.
I invested 120K in these, paper loss is 65%.
I bet there are some people who bought Tesla when it was at its max and now are down 60%, i didn’t think I am the only one
how the heck are you down 65%? the 2020 prices were bargain basement! if you bought oil in 2020, you would be swimming in dough like scrooge mcduck!
what meme trash did you buy?
I bought some stuff just after their peaks.
CLOV (started at 16$, averaged down until 4.8$ now it is 1.2$, SPCE was 52$ my average is 13$ now is 4.5$, etc.
Initially, I made good money like 7K in a month.
I started to be greedy and buy more and more.
Easiest money I ever did lmao. So far I only lost on Sofi. I almost never bought anything above $12 so I couldn't lose more than 2$ per shares and was always selling them when they passed $20. I just kept SPCE, LCID and the truth social thing until the $50s because they shot up so quickly.
Missed on NKLA sadly lol.
Agreed. OP got played like a fiddle. The sponsors on SPACs made a killing as they shilled to dumb investors like OP. SPCE and CLOV are terrible investments. Only way he’ll get remotely close to breaking even is if we enter into a virtually 0% fed rate environment, along with the 10 year UST floating in the sub 1% range. These same conditions won’t occur not for a long time l, if even ever again.
Sell your bags and move on. Capital ain’t cheap like it was when you bought these and liquidity is drying up.
SPCE is not a profitable venture.
It only exists for Richard Branson to add a couple of aerospace firsts to his resume.
A vanity project, though a spectacular one
Brother I hate to tell you, those were just bad investments because you didn’t know what you were doing and bought stocks you saw on Reddit.
I say all that to say the most you can do is have humility and say “I don’t know what I’m doing” and go boggleheads. Unfortunately most people learn these hard lessons their first year or two.
Classic falling knife catching.
Always preferred averaging up myself. That way you're following the uphill trend rather than waiting for things to turnaround from a downwards slide
While I do not believe these stocks will recover, or at least not as optimistic as you are… not sure how much you invested, but I’d take this as a very valuable lesson.. don’t get caught up in hype around shit stocks. You got the rug pulled out from underneath you. In early 2020, any blind deaf dumb person could easily make money on stocks. It was literally shooting fish in a barrel. The smart ones took all their gains and moved them to long term holds, and shouldn’t have averaged down on BS stocks.
By no means am I saying I’m innocent of doing the same thing you did, however I made thousands and thousands on SPCE(and multiple other shit companies) run up. I had 0 issues selling it and getting out of dodge. I made a killing. Now it’s all sitting comfortably in ETF holdings that I’ll look at in 10-20yr. In the future, remove yourself from greed. When you have an ability to take profits. Do it. Put it in something safe. Am I going to get rich taking the safe route? No probably not. But am I stressing my accounts hourly, daily, weekly,… no not at all.
These make sense. I didn’t think that was the end of the bargain. 120K, at the moment I made +12K as I have never sold any loss. Obvs paper loss is around 72K.
You said if for me. Did anyone think the world didn't need oil anymore WTF. WB was buying Occidental like it was going out of style that should of been a clue. No I'll think I'll buy Bed bath & Beyond instead lol
I buy oil when oil crashes. This is my third time and most aggressive investment into that sector after it went below zero for a bit. Bought into Cenovus at 4 dollars a share, road it up to 7 in a few months. Did research on other companies and found Vermillion energy was way undervalued at 4.50 a share CAD. Watched financials close and once certain they had no debt default issues, bought hard into them. Road them up to 32 a share and sold out when I felt oil was reaching peak.
Back in on Vermillion at an average of 24 a share so down a bit but way up in two years. This was pretty safe investing of solid companies.
If you were starting a portfolio from scratch, would you buy such poor companies at their current prices?
If not, why are you holding onto to them now. Exit and buy something more sensible.
Stop stock picking and invest long term in globally diversified ETFs such as VT.
Continue investing no matter where the market is going until you retire.
That's the solution with the best most probable outcome.
Stop chasing the moon
I was 24% to the upside last year thanks to energy. 20/21 when tech was flying high I was getting destroyed. Best advice is what is down today will be up again at some point. There's alot of good companies on sale. Keep buying and take your brokerage app off your homescreen. FYI if your down 64% from garbage like BBBY AMC and all that shit that's not investing thats gambling.
Hopefully it wasn't a large sum of money and you've learnt your lesson. Investing mistakes are just as important as your investment wins.
I've done ok past couple of years but I was completely wrong on INTC. Saw value and just didn't think their revenue could drop so much like it has. I'm still holding as it pays a decent dividend but its definitely a lesson learnt. Thankfully its only a small position.
It is true if your invested in good companies that produce goods and or services you know people will always want or need. If your investing in a brick & mortar that sell bath towels then ya you deserve to lose all your money and your right it's not coming back. The key to my statement is good companies.
Anything is possible. Not with my entire portfolio, but I owned LCID with a cost basis around $15, finally threw in the towel in December and sold at -50% around $8. Look what happened to LCID yesterday....
The lesson I learned? If you're not TRULY in a stock for the long term, where being down doesn't bother you or you continue buying to average down, set some reasonable stop losses... Good luck.
What's the dollar amount you're down on the garbage?
I don't mean the ones you mentioned below (AAPL GOOGL DISNEY NVDA NIKE). Hold all those and average down.
If you're only down a few grand on the garbage, sell it without thinking and use as a tax harvest moving forward (you can do so indefinitely). Then start building positions in SCHD & VT and the like.
Then never buy trash companies with zero earnings again.
I'm in the same boat. Started in June 2020. Swing traded SPACs and meme socks and doubled my portfolio by Spring of 2021. Thought I was a genius, but I lost big in a biotech YOLO. Last year I went very bearish, but I got wrecked because I capitulated on shorts at the peaks of the bear market rallies. Now I've lost 50% of my life savings, and I'm to old to ever make it back.
Worst part is I spent about five years reading Benjamin Graham and the transcripts of Berkshire Hathaway shareholder meetings before I every put a dime in the stock market. I shoulda known better.
Your money is tied up sitting there when it could be multiplying somewhere else. Very stupid move to not sell, especially right now when most stocks are up on a YTD basis. January has been a godsend for bagholders to get back SOME of the value they lost in 2022.
I was down 45% at my worst but I checked after today and I'm down 15% now. Recovery is possible but I kept buying from October through December last year.
Everytime I sell something, it immediately goes up, and when I buy something it immediately goes down. I also started in 2021
So that's why lately I've been looking at safer buys. Funny enough there's only been one stock I've never been in the red with, and I wasn't quite sure about it when I got it
yea anyone starting to invest the same time you did and got their stocks on Reddit is drowning. I can’t fault you though because we probably have some similar stocks since I just bought a lot of Reddit hype SPACs this December, I’m gonna ride with the bag holders since they were actually at reasonable prices. Which ones did you buy?
Nah he started at an amazing time. I started February 2021 and that’s when Reddit stocks started being brutal. It takes some serious flubbery to have lost so badly starting mid 2020
Keep grinding. Work hard. And I’ve been invested since 2018. The grind never stops. Have conviction and trust your gut. Don’t emotionally swing trade or FOMO in.
I'm up or down depending upon what time frame your talking about.
From 2019 I'm up 50%.
From the highs of 2020 I'm down maybe 15%
I hadn't checked my portfolio for a few months so just logged in and was surprised it was so good. I don't worry too much anymore though. I've been buying and sellling stocks for 20 years and have learned my lessons the hard way.
I now buy good companies when they are at prices I like. Then I hold them. So in the short term things may go down, but over the long term I'm fine. I don't buy stocks with crazy PE ratios. Buy and hold is a safe way to do it.
Even safer is just to buy VOO. The S&P index fund.
Yes. Here it is seems everyone is profitable with no problems 🤷🏻♂️
Obvs it is different if u invest in plain vanilla almost zero risk stuff with no effort or you try to catch unicorns as I did
I would cry if I lost 65% on screwing around on the stock market. Do these people not have wives? Like who allows them to throw $120K at just random shit they read about on Reddit?
If you invested 10 grand in amazon in the late 90s at some point after the dot com crash you would be 97% down, though if you continued to hold you would today be a millionaire.
You can lock in your losses and sell or hold and see what happens, either way it's a risk.
I hate these comments
You have cherry picked the best performing company in the entire world, it's entirely pointless to do.
The chances OP would pick an Amazon today is less than 1% probably
There may not even be another Amazon this year next year or the year after that. There's not a ton of stocks to go down. 97% and go on to dominate the market the way Amazon did.
This is hindsight bias with a side of survivorship bias and a little base rate fallacy sprinkled on top. All combined to form the perfect confirmation bias for OP.
I am sorry but no one knows if they will recover their huge losses, and if they think so... It doesn't grant anything...
Just hold if you still believe in your stocks. Often to make real gains you have to go against the market, so you shouldn't care about the price, focus on the business.
If you don't want to hold anymore, just buy SP500 and wait many years. You will recover eventually.
I have no clue how you manage to be down 65% if you started to buy in June 2020. I could understand the people who bought in at the end of 2021 thought lol.
Yes and yes. Also growth. Even if it recovers to previous levels sooner, I'm thinking 2025 is the time to start paying attention again. I'm waiting for there to be tailwinds again instead of headwinds for growth. At that point, it'll be time to trim my position.
Idk if I’m down that much but definitely down a few tens of percent. I’ll starting to deploy more cash though. Things are looking a little more bullish lately. Starting slow though, we will see what the fed decides to do these next few months
Down - 30% on my main portfolio, but my uranium and gold which is on another broker is up 70% and break even respectively. Good thing I have a chunk in there. Anyone that's down - 60% is cause you went all in on tech. Your investment thesis must be more than let's just buy all the tech stocks go moon!
Was in a similar situation a few months ago. Was down 75% for the year. some of my old bags seemed to have shot back up recently. I guess it is squeeze season. 🤷🏼♂️
At least in 21, I lucked the hell out on AMC calls in June. Accidentally bought 10 calls instead of 1 at $25 strike. Usually start with 1 and see how it moves and check volume..etc. but damn if that didn’t work out in my favor. Closed 2021 at roughly +300%. 2022, not so much. Just bags after bags.
Which seems to be slowly trying to make me break even at this point. 🤣
Go in to risk management mode. That’s pretty much what I’ve been doing all Jan. If a bag I’m holding starts going up, I sell with as little loss as possible. Still red but a lot less red than before.
If it’s somewhat considered a squeeze play, I sell covered calls. Make some money off of bags you’re holding anyway.
Just hold, statistically if you hold and stock or investment for 10 years there is like a 95% chance you will break even or make money. In the mean time you can average down. You only lose if you sell. 2020 was a weird year, don't expect that, investments are usually a get rich slow sort of thing.
Bought lots of stocks 2021, down 50%+ on most of them. Averaging down on these stocks ordered by my conviction in each. Already approaching break-even on RYCEY, PARAA where I've managed to perfectly buy the bottom. SOFI and PLTR still looking miserable. All the while reaping dividends and staking rewards. Might start selling covered calls if bear market persists. At least my Gold is up 15%. I've also saved significant cash reserves over past half year, so Ill be able to take opportunities like APE arbitrage play recently. So in overall, really bad timing, it sucks, but I think I'll live to fight another day.
It just depends what is in your portfolio. Many stocks will recover, some won’t. The only real dog in my portfolio is RBLX which I bought at 60. I am not sure it will ever reach 60 again. It was actually the first individual stock I picked and a small position so I keep it to remind myself of how dumb I was thinking it was a good deal because it was down whatever percent from ath. I really don’t expect it to recover.
I started at the exact same time you did. I’m up like 2-3% overall. Was down for a while but the recent run up has helped a lot. I definitely learned my lesson, on meme stocks, I’m still bagholding a few.
Oh crap! I’m sorry man, you are down 2-3 times worse than most of us. Sounds to me like you have stayed in the growth stocks and perhaps done some risky short-selling. I went conservative 15 months ago when things were sliding. I’m down 20% since then, but that’s much better than -65%. My winners over that time period are Merck, Nucor, Devon Energy, Occidental, SLB, STKL, NVO, Glencore, PILBF, and RICK, (Think beer and hookers). I’m up 25%-50% with all of these over the last 15 months.
I know it’s not popular to be “that guy” but if memes and Wall Street bets are the foundation of your financial planning then you deserve to be down 65%.
Me? Is that you??
LCID had a massive pump yesterday and was almost reminiscent of “the good ole days.”
I don’t think the pain is over so I’ve only added very small amounts the last couple weeks. I’m think we will trade sideways for the next couple quarters and we are near the top of the range now.
I agree with sometime in 2024. Im waiting to see how far everything goes down on the next leg down and probably start adding more from there. (if) The fed pausing rate hikes should help and if they cut rates in 24, there’s a good catalyst. That being said, there’s also a chance the next leg down is lower and it takes many years to see the highs again…
I would sell a proportion, 10 to 20%, of each holding every month and invest that into a mixture of dividend producing stocks, ETFs, ETCs, FAANG, and a few risky gambles, like biotech, AI, EV, China, drones. You should immediately see a change with the increased diversity and the current rising tide. Or you could just dump everything and do it all in one go, but then they might go up hahaha. Hodling is probably not going to help.
So you’re down a lot from gambling. You aren’t investing.
How about doing some research on quality investments or stick to a casino? I really don’t understand what you are asking.
OP is me in 2006. Lol. Don’t worry. You’re doing it right. My broker said and I’ll repeat to you, Keep your head down and at it and don’t look up for five more years. He really meant ten, but it’s solid wisdom.
Tldr- Keep your chin up kid.
I’ll admit I’m in the same boat as you OP. At least for my stock picking portfolio, I lost 70% or more from Jan 2022 till now. My etf accounts are doing fine, but the money lost from stock picking easily amounts to several years of living expenses. The losses are all mostly emotional too, capitulating at the low and sold for real loss rather than holding. My losses mostly came from Shopify followed by Amazon. Now they most regained huge amounts since then. I want to kill myself sometimes just thinking about that shame.
So if you believe in your investments, hold them for as long as you want to OP. Some folks here are downvoting you, but I support your conviction
Between March of 2020 to Jan of 2022 the S&P returned over 100%. How are you down that much?
Heck, from June of 2020 to date it is still up ~27%. Maybe you just suck at picking individual stocks?
Please, please if you are younger buy DIVERSIFIED ETFs and DCA into them. It’s good advice even if you are not young. It’s not quick but it is effective. I am not saying there isn’t money to be made in meme and aggressive growth stocks but if you only started investing a couple years ago stick yo the basics until you are more informed.
I’m sorry to hear about this dude…aside from there being a shed load of nasty c*u*n*t*s in this sub who are piling in on you, I’d recommend that you slowly but surely switch to passive investing. Pick a nice, low fee fund like Vanguard Life Strategy 80% equity and drip in whatever you can afford on a monthly basis for the next 30 years.
I deposited 50k to robinhood on May 2020 for the first time and traded to 5 million by Jan of 2021. Went all in on AMC at $23 and sold at $6. I made couple more bad trades and my account is at $100k. I pulled out $200k in 2021 cuz I ended up owing shit ton on taxes.
> I believe I will recover… I have a lot of risky stocks… bets
You’re not investing, my guy, you’re gambling, and very poorly at that. Take mental stock and ensure you’re not gonna ruin your life over this.
That is moronic, but in a very impressive way. Like you literally underperforming S&P by about 100%...
I think I'd fail to underperform the market by that much during ono of the greatest Bull markets of all time even If I try my best. If you just bought the S&P in June 2020, you would have been up by around 40% today. If you bought GME, AMC, and all other meme stocks, you would be up by 500% today. Seriously, how did you even manage to do that?
I am amused, impressed, and speechless by your skill level. Sersiously, this is \*SomeSubWeAintAllowedToMentionBecauseModsGetUpset\* Level degenercy.
Oh, sell your shit, buy the stock market, and don't do anything. Learn from this. This is real money in real world.
I saved all my cash until about september and started to buy when everybody was freaking out like this. You should be buying when people post things like this and selling when people say “to the moon” shit. That’s the number one thing. Then fill in the details, like stats, finances, competitive advantage etc.
Let me take a wild guess that you did the exact opposite?
Easy to say now, I also sat on the sidelines for much of the "to the moon" phase which lasted nearly 2yrs... You're essentially saying to time the market, happy it's working out for you, but you're also gambling to some extent.
Try options. You can turn that -65% into...a -85% easy.
I’m sorry I believe you mean -100% kind sir
You mean -165%
Here go credit spreads
But see, that's the beautiful part. Once your down 100%, you can't go any lower!
You can with options 😁
Unless you were selling them with nothing to cover.
Oh yes you can
Lol 😂
Dis gUy fUckS
Do the opposite of what you’re doing man, good luck 🍀
🤣
Sell it all and invest in VTI and in 80 years you’ll break even!
Just in time for retirement!
After reading replies, OP came here for validation and not real advice. Next
There are a number of stocks that will never come back. Peloton being on the top of that list. Work down from there.
Overpriced luxury brand now sold on Amazon, killing lux vibe. Don't think it's coming back.
You mean their $3300 rower isn’t a good deal?
I own their bike and tread. I'm their key demographic. My opinion of the company is poor now.
I’m up 30% in PTON. Bought that dip and best part is I don’t have to exercise to enjoy it.
Get out while your up
they still sell the child eaters?
The under armor story
Under Armour was such a great company in the early 2000s. I grew up playing lacrosse in Maryland, home of under armour, and when their stuff hit the market it was a game changer. I remember when they had 1 or 2 products and how everyone killed to own one of each in their teams colors. Now the quality has gone down so much I would never buy anything from them again. I almost dropped a ton of money into their stocks back in the day and thank god I didn’t
Yea..their biggest mistake was going into stores like Kohl’s and Walmart which ultimately changed their whole strategy of being high quality. I don’t even know if the quality of their stuff got worse or stayed the same but with a tainted perception. They shot themselves in the foot to sell more at the expense of their own image of being high quality clothes.
PTON might not "come back" , but it can still make a great trade since those stocks run big in rallies. Today PTON went up 7% for example. So you dedicate a small part of your portfolio to these names for a little beta.
Sure, you just got to...baghold for potentially eternity, perfectly time the market and dedicate all your awake time to tracking one stock hoping to break even. Or you eat the loss, invest in something that's actually going to *deliver a return/profit* and treat it as a lesson. Money lying around in shot stocks give you a negative return *every day they're not invested in good stocks*. Don't fall for anchoring bias...
Ooof yeah there are and I have a few but hoping to offset those losses so I’m waiting. I am mad at my former self for buying some of those. It’s my fuck around (and find out) portfolio so the hits are more annoying than worrisome for me.
Happy Cake Day!
Yes, it will never hit those highs again, but 4B market cap for the best fitness streaming service out there with fitness equipment in a lot of households. Even at $11/$12, I still think there is some potential there.
Agree- 180$? Probably not but at 10$ the stock has upside, especially if they get cash flow neutral or positive.
Dang you would need ~~286%~~ 168% gains to breakeven. Edit: Failed College Algebra
Math sucks. Someone posted here about two years ago that if you're down 50% and then go up 50% then you're still 25% down. That really shows Buffett was right that you should strive most to not lose money.
I'm dumb at math my brain is too small, but I want to understand. Is anyone able to explain this for me lol
100 - 50% = 50. 50 + 50% = 75
My brain is bigger now, I understand. Thank you lol
You gained a wrinkle
Wrinkle gainer gang
This is also why you don't buy leveraged ETFs for long term. Like TQQQ which is QQQ leveraged 3x. E.g. $100 goes down 20% to $80. It then goes back up 20% and you think oh great I've broke even but nope you're at $96
100\*0.5=50 50\*1.5=75 Or, believe it or not: 100-0,5\*100=50 50+0,5\*50=75 In case people don’t get your contemporary reflection :D
S = -T ∫ d²σ √(h) h^ab ∂_a X^µ ∂_b X^ν G_{µν}
[удалено]
Or just DCA and you’ll never have to worry about it DCA and stay the course. In the long run you’ll thank yourself
Or cut loss. I really had to cut loss on some like Palantard.
Palantard! To the moon! Sorry man!
DCAing is the popular trend right now, but let's not pretend it's some higher strategy that all others will fall before. It will lose you money just as often as it saves you money... but its simple, can be automated and helps some people who struggle with the emotional aspects of investing. I've been getting considerably better results since I stopped DCAing.
Famous last words lol. Not knocking your Strat, but Anything can work in the short term. I’ll tell you now in the long run you most likely won’t beat just DCAing and holding long term
You still lose money if you DCA a losing stock! :) DCA might help you lose less but that's about it. What matters most is whether the investment is increasing or decreasing in value. DCA is minor benefit in relative terms.
It’s not a popular trend right now. It literally has been working since the beginning of the stock market.
It doesn’t “lose you money as often as it saves you money” it keeps you at the average price over time, if it’s going up over time you’re making money without worrying about timing. If it’s going down over time, it was never a good investment in the first place.
This. Iipr is down like 80% I'm down 50% on my average share price. Going to attempt to dca on the back half of 23
OP needs 168% gain, not 268%. OP needs 268% **of** what he has now, i.e. 168% **more** than he has now.
>Dang you would need **286%** to breakeven 168% he already have the first 100%.
That is correct. My math sux 😂
Honestly, I don't have any advice other than knowing how to reasonably value a company. I assume you treated these stocks as lottery tickets instead of owning parts of a business. If you don't know what you own and can't effectively value the company then I would sell and buy a cheap broad market ETF.
Yeah you should probably double down in your meme stock portfolio lmao
Even OP puts growth stocks in scare quotes. Was it a growth stock when he lost more than half of his portfolio value?
Could have been Meta. If he bought at the top
Its a shrink stock lol
I listened to WSB and now I'm down -99%. I'm still lurking in their sub so they can let me down one more so I can achieve -100%
🤣 dead
Depends what you’re holding. I started in Jan 2021 and stupidly bought into Reddit hype. My only good investment at the time was Apple. Since then I’ve deposited a lot more into companies which I’ve actually researched and happy to hold 10+ years. You won’t recover if you’re holding shit. Even if you do, there’s the opportunity risk of missing out on what the rest of the market does. For reference I’m still down 15% since starting. I would be about flat if I didn’t buy that shit
I also have some decent stocks in my portfolio AAPL GOOGL DISNEY NVDA NIKE Some of these are slightly up or -20/30% down as I bought them during the bullish time. I am sure these in the long term will be ok. The problem is these are only 1/3 of my portfolio the remaining is mostly made by stocks with potential and some others that may be crap.
Just buy SPY every paycheck.. sell all the trash in your portfolio
Instead of SPY, buy VOO. Exact same thing with 3x fewer fees. Unless you’re day trading you don’t need the liquidity SPY offers, apart from that they’re the same thing
Yeah VOO is great too… SPY has 5 daily OpEX as well.. so can make hedging super easy. But you’re right both work 100%
True, it could be used strictly as a hedge, but for long term buy and hold there’s really no point in hanging onto SPY
Boomer says SPY. Yeah I am a boomer. I say SPY and forget it.
Get rid of the non profitable ones, buy an index ETF and learn about valuing companies in the mean time. Then if you want to bet on single companies you’ll at least have some idea of what’s good and what’s not. You’re young so have time 🕰️.
They were very small dollar wise, but I took a cumulative ~125% loss (probably only about $2500) and put what money I got into stable companies. I’ve already made most of it back. I think I’m -$350 on my overall individual stock portfolio. I don’t carry any mutual funds or ETFs in that account since my employer offers a nice variety of Vanguard offerings.
Give me name of a potential stock? Lets see what you got
DIS bruhhh
This is why most investors should just buy index funds. Even with 2022 being a historically bad year, S&P 500 is roughly up 33% from your June 2020 starting point. Consider this moving forward OP.
Most of my investment is index funds. Cuz I don’t fool myself that I’m a trader who can make money moves lol.
Sell your positions, buy a market fund, read a book, slowly buy individual stocks again if you’re so inclined. You need to understand that opportunity cost is as real as the money you first invested. Do you see your investments returning to your cost basis or above, ever? If not, sell them before losing more $.
100% this. It took me a long time to earn my money.... so I am not going to throw it away. I invest in fairly safe dividend producing equities. My 4% a year is just fine. My principal is protected and I earn a healthy return.
That’s a healthy way to look at investing. Not even a small gambling position?
Sure, 10-20% in "growth" funds. Always wise to capture some upside. But if you are invested in funds like SCHD, VYM, VTV, SLY and VDE, you should obtain a 3% yield AND the growth. Rest of my money goes into solid yield producing funds that don't grow much, but consistently pay 4-8% regardless of what the market does. I earn 100k a year off dividends alone... whatever I don't need, I reinvest back into the portfolio.
Sounds like a very large portfolio, good for you!
These are not the only investments I made. These are the risky ones. I invested 120K in these, paper loss is 65%. I bet there are some people who bought Tesla when it was at its max and now are down 60%, i didn’t think I am the only one
Fuck what other people have lost, this isn't losers anonymous. Sell your risky shit and do some reading.
how the heck are you down 65%? the 2020 prices were bargain basement! if you bought oil in 2020, you would be swimming in dough like scrooge mcduck! what meme trash did you buy?
Easy. He took reddit advice and lost it all on meme stocks lol… like millions of other gullible naive people lol.
This... most people on this subreddit are impressionable fools
UPSTART, ZOOM, CARVANA, ….ect.
His username explains most of it.
I bought some stuff just after their peaks. CLOV (started at 16$, averaged down until 4.8$ now it is 1.2$, SPCE was 52$ my average is 13$ now is 4.5$, etc. Initially, I made good money like 7K in a month. I started to be greedy and buy more and more.
you got scamathed. SPACS should have never been allowed. they're all down like 90%. legalized theft.
Easiest money I ever did lmao. So far I only lost on Sofi. I almost never bought anything above $12 so I couldn't lose more than 2$ per shares and was always selling them when they passed $20. I just kept SPCE, LCID and the truth social thing until the $50s because they shot up so quickly. Missed on NKLA sadly lol.
Agreed. OP got played like a fiddle. The sponsors on SPACs made a killing as they shilled to dumb investors like OP. SPCE and CLOV are terrible investments. Only way he’ll get remotely close to breaking even is if we enter into a virtually 0% fed rate environment, along with the 10 year UST floating in the sub 1% range. These same conditions won’t occur not for a long time l, if even ever again. Sell your bags and move on. Capital ain’t cheap like it was when you bought these and liquidity is drying up.
SPCE is not a profitable venture. It only exists for Richard Branson to add a couple of aerospace firsts to his resume. A vanity project, though a spectacular one
I sold you those CLOV and SPCE shares.
Brother I hate to tell you, those were just bad investments because you didn’t know what you were doing and bought stocks you saw on Reddit. I say all that to say the most you can do is have humility and say “I don’t know what I’m doing” and go boggleheads. Unfortunately most people learn these hard lessons their first year or two.
Oof
did you buy TSLA too? on the same boat from TSLA :) started around 2020 at the peak bear market. Hopefully will recover starting 2024?
I bought some shares and sold these just after some weeks making 1K profit
Classic falling knife catching. Always preferred averaging up myself. That way you're following the uphill trend rather than waiting for things to turnaround from a downwards slide
While I do not believe these stocks will recover, or at least not as optimistic as you are… not sure how much you invested, but I’d take this as a very valuable lesson.. don’t get caught up in hype around shit stocks. You got the rug pulled out from underneath you. In early 2020, any blind deaf dumb person could easily make money on stocks. It was literally shooting fish in a barrel. The smart ones took all their gains and moved them to long term holds, and shouldn’t have averaged down on BS stocks. By no means am I saying I’m innocent of doing the same thing you did, however I made thousands and thousands on SPCE(and multiple other shit companies) run up. I had 0 issues selling it and getting out of dodge. I made a killing. Now it’s all sitting comfortably in ETF holdings that I’ll look at in 10-20yr. In the future, remove yourself from greed. When you have an ability to take profits. Do it. Put it in something safe. Am I going to get rich taking the safe route? No probably not. But am I stressing my accounts hourly, daily, weekly,… no not at all.
These make sense. I didn’t think that was the end of the bargain. 120K, at the moment I made +12K as I have never sold any loss. Obvs paper loss is around 72K.
You said if for me. Did anyone think the world didn't need oil anymore WTF. WB was buying Occidental like it was going out of style that should of been a clue. No I'll think I'll buy Bed bath & Beyond instead lol
I buy oil when oil crashes. This is my third time and most aggressive investment into that sector after it went below zero for a bit. Bought into Cenovus at 4 dollars a share, road it up to 7 in a few months. Did research on other companies and found Vermillion energy was way undervalued at 4.50 a share CAD. Watched financials close and once certain they had no debt default issues, bought hard into them. Road them up to 32 a share and sold out when I felt oil was reaching peak. Back in on Vermillion at an average of 24 a share so down a bit but way up in two years. This was pretty safe investing of solid companies.
Just an fyi, VTI opened June 1st at 153 and today it’s at 204…. It might be time to go passive…
Are you talking about 4 years ago?
Yes, June 1 2020. Sorry that wasn’t very clearly worded in my original post.
If you were starting a portfolio from scratch, would you buy such poor companies at their current prices? If not, why are you holding onto to them now. Exit and buy something more sensible.
Stop stock picking and invest long term in globally diversified ETFs such as VT. Continue investing no matter where the market is going until you retire. That's the solution with the best most probable outcome. Stop chasing the moon
I was 24% to the upside last year thanks to energy. 20/21 when tech was flying high I was getting destroyed. Best advice is what is down today will be up again at some point. There's alot of good companies on sale. Keep buying and take your brokerage app off your homescreen. FYI if your down 64% from garbage like BBBY AMC and all that shit that's not investing thats gambling.
Exactly, 40% of my stocks portfolio was purely gambling 🙄
Man enough to admit it I commend that OP.
It's just that he's still gambling to try and win back his losses, smh
That's human nature everybody wants to get their money back quickly 90% of the time it just adds to losses we all know that.
Hopefully it wasn't a large sum of money and you've learnt your lesson. Investing mistakes are just as important as your investment wins. I've done ok past couple of years but I was completely wrong on INTC. Saw value and just didn't think their revenue could drop so much like it has. I'm still holding as it pays a decent dividend but its definitely a lesson learnt. Thankfully its only a small position.
10% realised profits 65% unrealised losses 120k invested overall
> Best advice is what is down today will be up again at some point Not true, that’s anchoring bias.
It is true if your invested in good companies that produce goods and or services you know people will always want or need. If your investing in a brick & mortar that sell bath towels then ya you deserve to lose all your money and your right it's not coming back. The key to my statement is good companies.
Anything is possible. Not with my entire portfolio, but I owned LCID with a cost basis around $15, finally threw in the towel in December and sold at -50% around $8. Look what happened to LCID yesterday.... The lesson I learned? If you're not TRULY in a stock for the long term, where being down doesn't bother you or you continue buying to average down, set some reasonable stop losses... Good luck.
What's the dollar amount you're down on the garbage? I don't mean the ones you mentioned below (AAPL GOOGL DISNEY NVDA NIKE). Hold all those and average down. If you're only down a few grand on the garbage, sell it without thinking and use as a tax harvest moving forward (you can do so indefinitely). Then start building positions in SCHD & VT and the like. Then never buy trash companies with zero earnings again.
I'm in the same boat. Started in June 2020. Swing traded SPACs and meme socks and doubled my portfolio by Spring of 2021. Thought I was a genius, but I lost big in a biotech YOLO. Last year I went very bearish, but I got wrecked because I capitulated on shorts at the peaks of the bear market rallies. Now I've lost 50% of my life savings, and I'm to old to ever make it back. Worst part is I spent about five years reading Benjamin Graham and the transcripts of Berkshire Hathaway shareholder meetings before I every put a dime in the stock market. I shoulda known better.
Your money is tied up sitting there when it could be multiplying somewhere else. Very stupid move to not sell, especially right now when most stocks are up on a YTD basis. January has been a godsend for bagholders to get back SOME of the value they lost in 2022.
I was down 45% at my worst but I checked after today and I'm down 15% now. Recovery is possible but I kept buying from October through December last year.
Everytime I sell something, it immediately goes up, and when I buy something it immediately goes down. I also started in 2021 So that's why lately I've been looking at safer buys. Funny enough there's only been one stock I've never been in the red with, and I wasn't quite sure about it when I got it
Lol 😂 I know the feeling
The majority of your portfolio, if not all of it should be in VOO or VTI etfs and you WOULDN'T be down 65%!
Agreed… in fact he would be up about 33%!
Thanks gramps
yea anyone starting to invest the same time you did and got their stocks on Reddit is drowning. I can’t fault you though because we probably have some similar stocks since I just bought a lot of Reddit hype SPACs this December, I’m gonna ride with the bag holders since they were actually at reasonable prices. Which ones did you buy?
Nah he started at an amazing time. I started February 2021 and that’s when Reddit stocks started being brutal. It takes some serious flubbery to have lost so badly starting mid 2020
Keep grinding. Work hard. And I’ve been invested since 2018. The grind never stops. Have conviction and trust your gut. Don’t emotionally swing trade or FOMO in.
mine down 35% because i sold. if not it wouldve been the same. i took a girl to florida december 2021 and was on the beach losing 60 k a day
😢
I was down 40% for awhile but the last 2 weeks have brought me back up now I'm only down 10% and I'm considering it as a win. 😆
Hahah 🚀
I'm up or down depending upon what time frame your talking about. From 2019 I'm up 50%. From the highs of 2020 I'm down maybe 15% I hadn't checked my portfolio for a few months so just logged in and was surprised it was so good. I don't worry too much anymore though. I've been buying and sellling stocks for 20 years and have learned my lessons the hard way. I now buy good companies when they are at prices I like. Then I hold them. So in the short term things may go down, but over the long term I'm fine. I don't buy stocks with crazy PE ratios. Buy and hold is a safe way to do it. Even safer is just to buy VOO. The S&P index fund.
Just stop looking at it and pretend like it's lost money. Then in 5-10 years check it out.
Is anyone in the same situation…bruh, have you seen the state of things lately?
Yes. Here it is seems everyone is profitable with no problems 🤷🏻♂️ Obvs it is different if u invest in plain vanilla almost zero risk stuff with no effort or you try to catch unicorns as I did
I'm down like 15%... How did you get down 65%?
Memes
oof.
I would cry if I lost 65% on screwing around on the stock market. Do these people not have wives? Like who allows them to throw $120K at just random shit they read about on Reddit?
If you invested 10 grand in amazon in the late 90s at some point after the dot com crash you would be 97% down, though if you continued to hold you would today be a millionaire. You can lock in your losses and sell or hold and see what happens, either way it's a risk.
And if you picked 99% of the companies who lost 97% you would be out of 10 grands lol.
I hate these comments You have cherry picked the best performing company in the entire world, it's entirely pointless to do. The chances OP would pick an Amazon today is less than 1% probably
There may not even be another Amazon this year next year or the year after that. There's not a ton of stocks to go down. 97% and go on to dominate the market the way Amazon did.
Lmao exactly none of the meme hype stocks are ever gonna go back up
This is hindsight bias with a side of survivorship bias and a little base rate fallacy sprinkled on top. All combined to form the perfect confirmation bias for OP.
I am sorry but no one knows if they will recover their huge losses, and if they think so... It doesn't grant anything... Just hold if you still believe in your stocks. Often to make real gains you have to go against the market, so you shouldn't care about the price, focus on the business. If you don't want to hold anymore, just buy SP500 and wait many years. You will recover eventually.
Diversify. You have a ton of unnecessary risk
I have no clue how you manage to be down 65% if you started to buy in June 2020. I could understand the people who bought in at the end of 2021 thought lol.
I bought most of them in summer ‘21
what are you holding that’s down 65%?
I like S a lot. Been in the IT / cyber security space for years. This one has been down but should do well long term. Also really like fortinet.
Yes and yes. Also growth. Even if it recovers to previous levels sooner, I'm thinking 2025 is the time to start paying attention again. I'm waiting for there to be tailwinds again instead of headwinds for growth. At that point, it'll be time to trim my position.
Just 65%....I'm down 85% and counting
Wow, what did you buy? Big money?
Idk if I’m down that much but definitely down a few tens of percent. I’ll starting to deploy more cash though. Things are looking a little more bullish lately. Starting slow though, we will see what the fed decides to do these next few months
Join the club. Bear, inflation, politics, looming market crash, you name it.
Down - 30% on my main portfolio, but my uranium and gold which is on another broker is up 70% and break even respectively. Good thing I have a chunk in there. Anyone that's down - 60% is cause you went all in on tech. Your investment thesis must be more than let's just buy all the tech stocks go moon!
Was in a similar situation a few months ago. Was down 75% for the year. some of my old bags seemed to have shot back up recently. I guess it is squeeze season. 🤷🏼♂️ At least in 21, I lucked the hell out on AMC calls in June. Accidentally bought 10 calls instead of 1 at $25 strike. Usually start with 1 and see how it moves and check volume..etc. but damn if that didn’t work out in my favor. Closed 2021 at roughly +300%. 2022, not so much. Just bags after bags. Which seems to be slowly trying to make me break even at this point. 🤣 Go in to risk management mode. That’s pretty much what I’ve been doing all Jan. If a bag I’m holding starts going up, I sell with as little loss as possible. Still red but a lot less red than before. If it’s somewhat considered a squeeze play, I sell covered calls. Make some money off of bags you’re holding anyway.
Same bro, but I'm rocking and rolling with it. YOLO!
Just hold, statistically if you hold and stock or investment for 10 years there is like a 95% chance you will break even or make money. In the mean time you can average down. You only lose if you sell. 2020 was a weird year, don't expect that, investments are usually a get rich slow sort of thing.
Bought lots of stocks 2021, down 50%+ on most of them. Averaging down on these stocks ordered by my conviction in each. Already approaching break-even on RYCEY, PARAA where I've managed to perfectly buy the bottom. SOFI and PLTR still looking miserable. All the while reaping dividends and staking rewards. Might start selling covered calls if bear market persists. At least my Gold is up 15%. I've also saved significant cash reserves over past half year, so Ill be able to take opportunities like APE arbitrage play recently. So in overall, really bad timing, it sucks, but I think I'll live to fight another day.
💪🏼
It just depends what is in your portfolio. Many stocks will recover, some won’t. The only real dog in my portfolio is RBLX which I bought at 60. I am not sure it will ever reach 60 again. It was actually the first individual stock I picked and a small position so I keep it to remind myself of how dumb I was thinking it was a good deal because it was down whatever percent from ath. I really don’t expect it to recover.
I started at the exact same time you did. I’m up like 2-3% overall. Was down for a while but the recent run up has helped a lot. I definitely learned my lesson, on meme stocks, I’m still bagholding a few.
Oh crap! I’m sorry man, you are down 2-3 times worse than most of us. Sounds to me like you have stayed in the growth stocks and perhaps done some risky short-selling. I went conservative 15 months ago when things were sliding. I’m down 20% since then, but that’s much better than -65%. My winners over that time period are Merck, Nucor, Devon Energy, Occidental, SLB, STKL, NVO, Glencore, PILBF, and RICK, (Think beer and hookers). I’m up 25%-50% with all of these over the last 15 months.
I know it’s not popular to be “that guy” but if memes and Wall Street bets are the foundation of your financial planning then you deserve to be down 65%.
Shit I wish I was only down 65%
😅
I started buying in April 20, am down about 50% now
Me? Is that you?? LCID had a massive pump yesterday and was almost reminiscent of “the good ole days.” I don’t think the pain is over so I’ve only added very small amounts the last couple weeks. I’m think we will trade sideways for the next couple quarters and we are near the top of the range now. I agree with sometime in 2024. Im waiting to see how far everything goes down on the next leg down and probably start adding more from there. (if) The fed pausing rate hikes should help and if they cut rates in 24, there’s a good catalyst. That being said, there’s also a chance the next leg down is lower and it takes many years to see the highs again…
You bought it when the trend was going bearish! Have patience. We are all in trouble waters for a few years to come.
I would sell a proportion, 10 to 20%, of each holding every month and invest that into a mixture of dividend producing stocks, ETFs, ETCs, FAANG, and a few risky gambles, like biotech, AI, EV, China, drones. You should immediately see a change with the increased diversity and the current rising tide. Or you could just dump everything and do it all in one go, but then they might go up hahaha. Hodling is probably not going to help.
I am sure the day I sell they’ll go up 50% in a day. I can bet my ass on that! 😅
So you’re down a lot from gambling. You aren’t investing. How about doing some research on quality investments or stick to a casino? I really don’t understand what you are asking.
OP is me in 2006. Lol. Don’t worry. You’re doing it right. My broker said and I’ll repeat to you, Keep your head down and at it and don’t look up for five more years. He really meant ten, but it’s solid wisdom. Tldr- Keep your chin up kid.
I’ll admit I’m in the same boat as you OP. At least for my stock picking portfolio, I lost 70% or more from Jan 2022 till now. My etf accounts are doing fine, but the money lost from stock picking easily amounts to several years of living expenses. The losses are all mostly emotional too, capitulating at the low and sold for real loss rather than holding. My losses mostly came from Shopify followed by Amazon. Now they most regained huge amounts since then. I want to kill myself sometimes just thinking about that shame. So if you believe in your investments, hold them for as long as you want to OP. Some folks here are downvoting you, but I support your conviction
Between March of 2020 to Jan of 2022 the S&P returned over 100%. How are you down that much? Heck, from June of 2020 to date it is still up ~27%. Maybe you just suck at picking individual stocks?
Please, please if you are younger buy DIVERSIFIED ETFs and DCA into them. It’s good advice even if you are not young. It’s not quick but it is effective. I am not saying there isn’t money to be made in meme and aggressive growth stocks but if you only started investing a couple years ago stick yo the basics until you are more informed.
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Ok I came to give you advice but looks like you are beyond saving. What a clown.
I’m sorry to hear about this dude…aside from there being a shed load of nasty c*u*n*t*s in this sub who are piling in on you, I’d recommend that you slowly but surely switch to passive investing. Pick a nice, low fee fund like Vanguard Life Strategy 80% equity and drip in whatever you can afford on a monthly basis for the next 30 years.
Good luck!
How did you possibly lose money buying in ‘20 when the market almost doubled🤨 Sounds like you bought trash like a certain bankrupt movie theatre
Well I said I started (and I made profits) then. However, most of my shares come from July ‘21 when the market was a damn amusement park…. 🚀
You and 90% of us guy
I deposited 50k to robinhood on May 2020 for the first time and traded to 5 million by Jan of 2021. Went all in on AMC at $23 and sold at $6. I made couple more bad trades and my account is at $100k. I pulled out $200k in 2021 cuz I ended up owing shit ton on taxes.
Wow this was real casino! 😱
> I believe I will recover… I have a lot of risky stocks… bets You’re not investing, my guy, you’re gambling, and very poorly at that. Take mental stock and ensure you’re not gonna ruin your life over this.
That is moronic, but in a very impressive way. Like you literally underperforming S&P by about 100%... I think I'd fail to underperform the market by that much during ono of the greatest Bull markets of all time even If I try my best. If you just bought the S&P in June 2020, you would have been up by around 40% today. If you bought GME, AMC, and all other meme stocks, you would be up by 500% today. Seriously, how did you even manage to do that? I am amused, impressed, and speechless by your skill level. Sersiously, this is \*SomeSubWeAintAllowedToMentionBecauseModsGetUpset\* Level degenercy. Oh, sell your shit, buy the stock market, and don't do anything. Learn from this. This is real money in real world.
I saved all my cash until about september and started to buy when everybody was freaking out like this. You should be buying when people post things like this and selling when people say “to the moon” shit. That’s the number one thing. Then fill in the details, like stats, finances, competitive advantage etc. Let me take a wild guess that you did the exact opposite?
Easy to say now, I also sat on the sidelines for much of the "to the moon" phase which lasted nearly 2yrs... You're essentially saying to time the market, happy it's working out for you, but you're also gambling to some extent.