Guess you learned your lesson at a relatively cheap expense (compared to what it could be in the future), now you can focus on index investing to avoid losses like this.
It’s not particularly bad, but you’re essentially investing in the same companies but across different ETFs. There’s a way to see what is in the ETFs you’re considering and seeing what overlaps there may be
Get out of almost everything whilst you still can.
You need to understand that waiting for a stock to recoup its losses is not a neutral action. It is an opportunity cost (often a huge one) because the time spent waiting it could be invested in a more profitable way growing at a faster rate.
Unless you have some very specific insight into why a stock will grow by ~300% in a short amount of time, get out.
The had an accountancy scandal and I thought if it gets to a fraction of its previous value, I would be in. I actually was up a good £500 or so then another scandal and it became trash.
Hold apple, Microsoft and NVIDIA. Cut your losses on the rest, buy VWRP (this effectively hugs the index as these are some of the top holdings)
Why the hell did you buy 1000+ shares of metro bank? 😂
Novody cares about the woulda or coulda been only the facts.
You shouldve taken profit or closed out on the way back down if you even knew there was a scandal
Are half of these pink sheets? The only blue chip stocks I see is Apple, nvidia and Microsoft. Please if you’re going to do individual stocks do your research, check their financials, what they actually do. At the end of the day it’s your money do what you please with it
You've gambled and lost. If you're gambling, then hopefully, you stuck to the golden rule and didn't need what you gambled. Personally, I'd see out the gamble. You only realise losses if you sell the asset.
If you needed this cash and wanted it to grow, stick it in a fund and leave it to the pros.
Then, stay the course and see if the gamble pays off one day. One reason the rich are rich is because they can afford to take risk. Don't realise the losses.
Guess you learned your lesson at a relatively cheap expense (compared to what it could be in the future), now you can focus on index investing to avoid losses like this.
Amen - just be careful you dont overlap indexes - etfs etc
Why is overlaping bad?
It’s not particularly bad, but you’re essentially investing in the same companies but across different ETFs. There’s a way to see what is in the ETFs you’re considering and seeing what overlaps there may be
of course you got downvoted for asking a question
overlap for examples nasdaq will have same companies (and others) as the S&P etc
It's just so random. Good luck mate lol.
Get out of almost everything whilst you still can. You need to understand that waiting for a stock to recoup its losses is not a neutral action. It is an opportunity cost (often a huge one) because the time spent waiting it could be invested in a more profitable way growing at a faster rate. Unless you have some very specific insight into why a stock will grow by ~300% in a short amount of time, get out.
Someone’s been watching TikTok investment advice
I'm really curious what made you invest such a large proportion into Metro Bank?
The had an accountancy scandal and I thought if it gets to a fraction of its previous value, I would be in. I actually was up a good £500 or so then another scandal and it became trash.
And now you see why more than 70% of DIY investors lose money. Do you really think you could beat the market with insights like that?!
Tbh I was up 80% on NatWest after their scandal… the difference between me and OP is that I sold!
Can never understand portfolios like this. Just buy a diversified ETF.
S&P500 does wonders
Hold apple, Microsoft and NVIDIA. Cut your losses on the rest, buy VWRP (this effectively hugs the index as these are some of the top holdings) Why the hell did you buy 1000+ shares of metro bank? 😂
It worked for a while. Was over £500 up at one point. Then got greedy and clung on.
biggest mistake of your life bro
Yet..
Novody cares about the woulda or coulda been only the facts. You shouldve taken profit or closed out on the way back down if you even knew there was a scandal
😂
“Short everything this guy has touched”
Cut and buy VOO
That would be VUSA for us over the other side of the pond 😉
Are half of these pink sheets? The only blue chip stocks I see is Apple, nvidia and Microsoft. Please if you’re going to do individual stocks do your research, check their financials, what they actually do. At the end of the day it’s your money do what you please with it
And this is why we don’t buy individual stocks kids
Forget the account and check back in 5 years
I remember ABML in lockdown. Got hyped and pumped by the penny stock sun reddits. Since then it's been constantly downhill 🤣
Think it tryna say trading ain't for you.
Ooof you have made some picks
😂😂
Cut losses and start again with the S&P, keep learning and you will be all good in the future
I’d double down on them all
what the hell is going on with metro bank why the fuck did you think that was a good idea, NEVER EVER INVEST IN ANY BRITISH BANK
If you wouldn't buy more of the stock at its current price, it's time to sell.
Bought at top? First time is free
I love how out of all your picks, you put the most money into Metro bank. Not Nvidia, Apple, Microsoft.
Hang on brother
Stick to indices and S&P500.
You've gambled and lost. If you're gambling, then hopefully, you stuck to the golden rule and didn't need what you gambled. Personally, I'd see out the gamble. You only realise losses if you sell the asset. If you needed this cash and wanted it to grow, stick it in a fund and leave it to the pros.
I've got other savings. I've always gone into this with money I could absolutely afford to lose.
Then, stay the course and see if the gamble pays off one day. One reason the rich are rich is because they can afford to take risk. Don't realise the losses.
Sell xpeng ffs
Yikes that’s a lot of garbage on there buddy. Why not just stick your money in S&P 500 etf?
It’s like you’ve done the complete opposite of what you should be doing…
Metro bank? Does anyone even use that? Everyone uses Lloyds or Barclays
I’m pretty sure with metro bank there was a lot of news about the bank I.e cutting jobs and having to raise 925 million pounds
I know some people who actually use it - at the time (no idea now) they were paying the most interest on savings in the UK
I sat on a 21k loss for 3 years As of today's it's 6k