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Home Stock Market

I’m mostly cash now after taking a 5 figure hit

by admin
May 12, 2022
in Stock Market
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I misplaced $11k up to now in 2022, bought most of my holdings on Monday, what I’ve remaining is proven. Acquired about $30k on Robinhood now, and one other $130k within the financial institution, and $10k in I-bond. Thank heavens I solely went into the inventory market with $55k, pondering that it's only a portion of my asset, what might go improper. Effectively I suppose I fucked up unhealthy. A part of it’s grasping, received caught up within the hysteria of the second.

I'm in my 30s, and I received a superb job so it's most likely not the tip of the world, however I’m nonetheless fairly depressed. Guess I can at all times take a tax write off of $3k per 12 months and deal with it as tuition for lesson realized. Hopefully this may make me a greater investor to any extent further. No extra listening to hype or "advices" from crappy sources like Motley Idiot.

Not less than proper now I can have peace of thoughts, and I don't must freak out every time there’s a "purple" day. I don't must verify my cellphone each hour at work. Hey, if the market tanks farther from right here I can at all times purchase the indexes at a greater value, so it may not be a nasty factor. I'm positive I’ll ultimately get well the $11k available in the market…sometime.

I plan to only DCA into the QQQ, VOO, and VYM to any extent further, however most likely not for awhile…

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https://preview.redd.it/ury4ascdmyy81.jpg?width=1080&format=pjpg&auto=webp&s=59f5bef9fd186e9b4927a15630a154ad425581b7

submitted by /u/cryptokid2002
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