I know this probably was not the smartest move, but I am 19 and I have a $3,800 portfolio that I started back in October. It was about $500 in BTC and the rest in NVDA. I sold the BTC for a $200 loss and sold NVDA for a $50 gain. Right now I am holding 8 shares of APP.
I am planning to hold for a few months. I know it is too late to ask now, but on a scale of 1 to 10, how practical was this move. I want a growth portfolio, not a $150 loss in four months.
Side note: Growth is about time in the market not timing the market, I’m aware. But I want to take risks, scared money don’t make money.
Sold my entire portfolio & bought APP
byu/Hour_Load_708 instocks
Posted by Hour_Load_708
5 Comments
You don’t seem to have any idea what you’re doing. Sure, risks can make money if you actually have some idea of what you’re doing. You don’t seem to have a clue.
I don’t want to sound negative, but you should try to learn what investing is, and how it differs from gambling.
I think time in the market quote refers to buying an S&P ETF or something similar and holding it long term, not buying a single stock.
Wow never heard of App lovin’ but love that curve! Looks like it’ll explode up again soon.
App-solutely a good buy.
I did a similar buy, back in ‘97: I was making $7/hour as a young graphic designer, but scraped some cash together and bought a tech stock that was falling in price rapidly and didn’t look to be in a good place. But I owned their computer and I had faith in their design-first philosophy.
So I bought $1000 of APPL at $20/share (pre-multiple splits; equivalent to 34 cents/share today).
You bought shares in a Superbad character?