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    7k to 3.5k in 3 months


    Had 6k in credit card debt and 7k in savings, and instead of paying off the cards, I put the 7k into the market. Worst decision ever, now I’m down to about 3.5k and I’m stuck wondering if I should pull it out at a loss and pay off what I can, or just hold. I’m 21 and started investing when I was 19. I bought PLTR, SOFI, NVIDIA, and some other solid stuff around May 2023 and honestly thought I was just a great investor. Then I had to sell at a decent profit to buy a car for college.
    I started again recently after saving up some money. Normally I just pay off my cards, but I had the “genius” idea to throw it into the market, make a shit ton, and then wipe out the debt and keep the difference. Clearly that didn’t work and the logic was retarded. The fact I could lose so hard in a bull market like this is embarrassing I just went too hard on random stocks and stopped investing started gambling

    https://i.redd.it/i1spv71dqgbg1.jpeg

    Posted by Corwin_AE

    View 44 Comments

    44 Comments

    4. capnshanty on

      “I’ll succeed where this guy failed” – people about to serve themselves bigger losses than him

      OR

      you went on r/valueinvesting, didn’t you? I studied it and I’m pretty sure 80% of the tickers they talk about are down after 6 months. The more text someone on that sub uses the more likely the stock is to be down.

    6. Bluecoregamming on

      Pull it out, but let’s be honest you won’t until your down to a few hundred bucks.

    9. gdhrhehehehebbebeb on

      Hey, credit card debt is like 25% APY, markets will make you 10% yearly generously. You’re losing money keeping it invested purely cause of the compounding debt. Pay it off, when that high interest debt is out of the field, then start investing again

    21. fishboy3339 on

      you’ll get better. took 3 months to loose 3.5k, the rest will be gone in 1.5 months. You can do this.

    25. WaterboardedCalamari on

      Obvious solution is to dump it into some regarded meme coin like PEPE and pray this crypto spike from the last week continues

    40. didkhdi on

      You could’ve just bought a spy leap for a basically guaranteed 100%-500% gain and instead chose this. Godspeed retard

    42. Comprehensive-Law293 on

      Your 21. You will make it back x1000. Don’t sweat it. Take a breath. Get a side job for 2-3months & you will make it all back & then some. I made & lost this much 4 times over in tonight’s game. Chill, it’s all good.

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