Started investing last year. I’m 24 and put 50k into mostly VOO, GOOG, and QQQ. I’ve been up a good bit (+6000), but as of now i’m officially in the negatives (-200). I’ve never invested before and I know it’s long term but I can’t lie i’m panicking and the news is scaring me.
Advice anyone? Is there a big chance I lose this money for too long because of the war? I’m trying to be positive bc S&P always bounces back/covid recovered fast but i’m scared and have no one to talk to about this.
Posted by Least_Record_758
16 Comments
Buy more.
At 24, stock market corrections are your friend. Buy more shares at a discount.
Buy more, bear market lasts average 10 months. The more you buy low the better it is. Everything is on sale. If we keep struggling by the end of the year we should be good.
In a few years, the S&P will break 8k and we will all wish we had bought when it was this “cheap”, just like I should have gone miserly wild in 2018-2021.
Advice? Set up recurring transactions and dollar cost average.
Those positions you have open are multi-year compounders. No reason to panic sell.
Advice is to reevaluate your risk tolerance cause you may not be built for what you thought you could handle if you resorted to a Reddit post for losing 200$ after being up 6k……
If your feeling scared about the stock market that means buy more if you can afford it. Also the market hasn’t even dropped that much. Just hold. Also I hope you didn’t invest your emergency fund. You should have at least six months of expenses covered that isn’t invested.
it will correct…. eventually
Please so not panic sell, assuming of course this is money you dont need anytime soon/a long term investment.
If you have monies, average down and buy more. Not all at once, but every week, every month…
Do not panic sell. Accept the possibility that you will lose money for years, but in the long run, you will be up. Don’t sell.
You want the market to correct so you can buy more assets at a cheaper price. Stay employed, grind in your career, and keep enough cash to make sure you don’t have to liquidate to support your life. Always buy with whatever disposable income you have.
Don’t be a panican.
Yes it will go down even lower the market is way over valued and due for a bear market. I already put in an order to sell all my stocks when the market opens today. I will buy back in in a few months/year.
And I’m selling at a profit not a loss so I couldn’t care less
Well, I’d say between those 3 tickers, you are extremely tech-heavy. VOO’s main weights are the M7. QQQ is very tech-oriented. And then you’re holding GOOG, which is a main holding for both. The problem with tech in this environment is that their earnings multiples will get compressed, no matter how much you like tech.
Keep buying all the way down
Its bot being scared, its being smart. Trump is a degenerate running the world economy. Take your money out until some normalcy returns or buy when it takes a huge correction. Literally cant go wrong.