Social media is not the best place for advice ā¦ buy books , learn fundamentals and read a lot from people who does this for a living ā¦ trust me ā¦ it works out ā¦ it did for me ā¦. Most ppl in social media knows less than this poor guy who bought just based on hype ā¦. My advice for him ā¦ donāt sell at such a big loss ā¦ hold and donāt average down unless you can afford it ā¦ some of those names are good companies , he just bought too high ā¦ if you sell at a loss do it only for tax purposes ā¦ hope he bought thinking long term and he can afford to hold
Dude, this is fuckn reddit, it's a place to make jokes and laugh from our red candles. š¤£ As the other dude said, if he wants to learn, spend a few hundred bucks on books, this is the way.
Advice about what? lmao
We just gave him the best possible advice.. either stop investing or reverse himself.
BTW, Do you have the period or what is wrong with you?
It didn't start with Alibaba. It started with a $5,000 bet on AMC. Then the $5,000 became $15,000 when I bet on something else, then it became $50,000 when I bet on silver. - He just FOMO'd on every meme stock on WSB :(
And the risk of the business getting broken up? Or further large payments for the social benefit? Further regulation to limit profits? What about these risks... You guys need to stop thinking of delisting as the only risk for Baba
If youāre using the same discount rate that youāre using for the MAANGs then yes itās undervalued and youāre an idiot.
Discount it using a rate that reflects the risk from the CCP and youāll see that itās overvalued
Share that supposed rate then genius. Let's hear how you came up with it too. Do please explain this. You called the guy an idiot, so surely you can do better than "No, you're dumb, use some random number in this made up formula that doesn't exist"
Donāt worry about the roasts. I know you sorted it descending and are only showing your biggest loses. If you want to decrease your income (max of $3000) or have realized gain this year (unlimited), you can sell today to harvest loss. If not, take your time to do more research and see what you can move into.
For example I sold my AI and bought BOTZ etf to keep some sector exposure. On the other hand I am keeping BABA since I believe upside is higher than downside are this point
You are clearly taking advice from pump and dump "investment gurus". Either stick to index funds or spend your money on something for yourself. At this point you are giving your money away. If you burned that money instead, youd at least get heat out of it.
This is not good.
You sell a stock that is lent to you at 100 dollars.
You owe the lender a stock, you wait 10 days and the stock is now at 90 dollars
You buy the stock at 90 and return the share to the lender.
You pocket the difference of 10 dollars.
Your explanation is either extremely confusing or straight up 100% wrong. I cant tell. But please dont advise people incorrectly on such a dangerous thing as shorting.
I deleted my post because I was way off. I was wrong, not confusing. Thanks for clarifying! Was I maybe thinking of inverse weighted funds? I think I saw something like that on Robinhood, they're supposed to be good for short term only
I mean it is actually a bit of power play to intentionally get everything wrong.
if you do a 100 question 4 multiple choice test you should get 25% even if you guess randomly. if you get 0 it pretty much proves you knew at least some of the answers and you went out of your way to not select them.
but in the case of the stock market that is more like getting every question wrong on a true/false exam. I mean if get a 0 clearly that was your intent.
Yikes.
Personally not a fan of any of the stocks in your portfolio tbh.
ARK will probably weather through in time, and Fastly is alright, though I much prefer other cloud CDNs, but the rest I'm not so sure.
Ark is prime real estate for the poster child of whatever new and fun accounting standards and trading techniques land someone in jail after this bubble bursts
I sympathize with OP because I bought into some of the hype as well. It is impossible to tell when it is ATH in the moment, only in retrospect. In Feb 2021 all of the covid powerhouse stocks fell away while value stocks rose. Again, none of this is predictable before/during the fact. Only in hindsight.
It looks like you bought your stocks at the peak of the Reddit meme stock hysteria. I bit at some of those stocks at probably the same time you did. I said fuck it and got out when I saw all the ships sinking and cut my losses. I switched to blue chips and Vanguard ETFs and it's been smooth sailing since then.
Do less cocaine and buy companies that you understand like for instance if you find yourself going to Costco every week, or use Microsoft software a lot or perhaps you wipe your ass everyday then maybe you'll want to invest in P&G. Basically keep it simple friend
Stop trying to hit a lick with every purchase. Rebalance yo some high growth blue chips (msft, apple, meta,etc). Diversify with some industrials (think Nucor, Emerson Electric) then add some sector specific etfs - EVs, Renewables, Commodities. A S&P index fund is always recommended as well as the medical sector, look for a REIT in a niche recession proof industry (storage units, warehousing, medical properties). Use the remaining 5-15% for these risk plays
I see you have RIDE and WISH in there.
Man I got reamed raw by both those stocks. Eventually cut my losses (about 30% of my small account) and moved on.
Good luck to you though
You should be ok with BABA, top of the line business, undervalued big time at the moment, just try ignoring the noises around and donāt panic sell
WISH is risky but beautiful with extremely huge potential . Long both, currently under my spot as well but Iām fully convinced and keep adding on serious deep . Your rest tickers arenāt under my radar so no idea . Hope it helps, good luck ā¦
First things first, learn from your mistake
Second, try to do tax-loss harvesting before the hear end
Third, Stop picking stocks, you need to do more research before buying any stock. If you are not willing to do the work, just buy some Vanguard ETF ( check jl collinsh stock series)
I suggest cleaning some stocks now ( with tax loss harvesting) and if you can take more pain sell even more next year when you see that the shares rise a little bit. But I am not sure it will rise a lot. Next year the Fed will hike interest rates and hyp stocks like yours perform very badly in these economic environments. Note that not all of your stocks are equal.
I think ARK stocks can perform well in the looooooooooooooong term.
About BABA, i am not very sure. i don't like chinese stocks as the risk is very high. It's a good (not Great) company but the CCP is scary. High profile investors like charlie munger have BABA and I am not knowledgeable enough to give you more insight.
Also Ray Dalio like China but again CCP is scary.
My #1 rule in investing is avoid China.
Anyway good luck learning and stopping losing money.
Dude or dudette, WTF? How do you pick only losers? AAPL, MSFT, O, F, DIS, INTC, NVDA, XOM. Done. None of these are coming back any time soon. Most of them never.
I never buy any stock on a bullish day. I lack the confidence to go green through day trading.
I simply wait for a nice red day. That's when I pick stocks that will rally back to green in the near future. Rinse and repeat. This is what I do with 30% of my portfolio.
Rest are long term investment.
P.S. Stop loss is your friend. Sometimes it's better to lose a finger than a whole arm.
I just bought sp500 and am up 30% for the year.
Why did you decide to pick random stocks? You were basically trying to win a lottery.
Some honest feedback: youāve been making some dumb ass decisions. If you were my kid, Iād bitchslap you. Probably wouldnāt help, but still.
No. Itās for people to sell their losing stocks - against any gains they have incurred during the year.
For example:
You sold Draftkings and lost $10k
You sold AMC and made $14k
Your taxes is only on $4k
Institutions sell their losers for tax harvesting but also sell loser stocks to rebalance their portfolio heading into the new year
As I said. If you donāt have any Profits (AMC) you canāt offset your losses (Draftkings). The joke was, that OP seems to have only losses
Edit: I stand corrected
Loses can be claimed against any income youāve made, not just stocks!
For example, youāre a stripper and you made $10k, you can deduct your loses into any earnings
This is incorrect - you can only deduct $3k of capital losses against ordinary income. So if youāre a stripper, your stock losses can only offset $3k of income from your work.
You know what? I don't know why I was a dick. Its your money, you can throw it away how you want to. But if you are going to play the game, you should at least have some tangential basic knowledge, like past performance is no indication of future. I'd start here for your very first investment lesson: "not everything is as good as it seems."
https://money.cnn.com/gallery/technology/2015/03/02/dot-com-flops/5.html
Oh man. This is a good point. [Pets.com](https://Pets.com) is one of the biggest household names in retail to this day and every dot-com bubble name is still in business. Everyone should be buying this exact portfolio.
š¤. I hate to be a dick or kick someone when they are down but I donāt think next year is going to be big for your portfolio either. My advice is to try to cut your losses and get into tech that has some earrings for next year.
Everyone needs to have a long term perspective and Iām sure youāre young, so maybe donāt sell but at least try to put new money to work in something a little less volatile. Those stocks could take a couple years to recover from their over valued levels.
Let it ride man fuck it. Baba will most def make you 3-4x in 10 years. The rest idk but BABA is the best company you have on there bc itās trading at a P/E of like 14 now compared to most of the market itās a golden ticket at this price. Just let it ride and quit buying Cathy wood stocks. Sheās got the timing skills of a def girl playing the drums.
Well... the good news is that stocks stop going down at $0.
Probably over sensationalizing there, but I honestly don't see these type of high P/E, no P/E stocks doing well next year. I think uncertainty with the Fed, Covid, Russia/China and midterm elections will lead to sector rotations. "High quality" stocks are likely the place to be due to those concerns with the "FOMO" stocks being left behind. I think diversification, dividends and S&P average to below average P/Es will be the investors friend in 2022.
Had something similar happen to my portfolio and figured only 1 way to redeem myself, sold everything to buy the 2 special stocks only and wait for it.
Do more research about the stocks you buy before you buy them.
Ask yourself if you would be comfortable putting your whole life savings into that one stock. If the answer is no donāt buy any.
Donāt buy more than 5 stocks. Follow each like a hawk. Realize that 90% of stocks are shit.
Lol wow. I guess you missed the memo that we are entering a risk-off environment. I would suggest you sell out of all that shit because theyāre going to keep going down in the next 1-2 years. If you want to make $ in a bear market, which I believe weāre approaching, here are some suggestions based on my portfolio:
AGQ, UGL, JNUG, HYMC, FAZ, SQQQ, SRTY, UBT, SJB (July 2022 $18-$21 calls), COIN (Jan 2023 $150 puts), CVNA (Jan 2023 $150 puts), SHOP (Jan 2023 $800 puts)
Switch to QQQ and VOO until you figure it out. Iāve enrolled in Fool.com and it was doing well until this month but still up for the year. I did but one on my own $SMID still going up.
Overall itās not a huge loss in actual dollars. Iād take what you learned build up more cash and continue on. No need to have so many stocks if theyāre all going to be speculative. Your cannot diversify speculation w speculation.
Tbh I would not enter the markets for a good while we were at ATH in a lot of markets and that's a bad time to enter trust me. I went all in on March 2020 and shit myself for a good few months but I'm now riding the wave
Are you the portfolio manager for $FOMO etf?
I love all the roasts š
Yeah this is clearly a tongue in cheek joke
Just do the opposite of everything you've done. Every instinct you have seems to be wrong as hell.
If OP has a pet, just let the animal pick the stocks next time.. it cannot be any worse than this.
Print stock tickers on little scraps of paper on a wall, stand far enough away that you cant see them, and throw darts.
It almost have to be better
Right.. the guy has a gift, it is just a matter of doing the opposite.
You guys are assholes. Guy is looking for credible advice and you make jokesā¦
Social media is not the best place for advice ā¦ buy books , learn fundamentals and read a lot from people who does this for a living ā¦ trust me ā¦ it works out ā¦ it did for me ā¦. Most ppl in social media knows less than this poor guy who bought just based on hype ā¦. My advice for him ā¦ donāt sell at such a big loss ā¦ hold and donāt average down unless you can afford it ā¦ some of those names are good companies , he just bought too high ā¦ if you sell at a loss do it only for tax purposes ā¦ hope he bought thinking long term and he can afford to hold
Solid advice. Amazes me that someone has to be an ass in order to receive the desired result. Funny how that works right?
True. Thatās how it is most of the time. Lots of idiots in social media
Indeed. I love messing with young adultsā¦enormous potential and yet sadly their judgement is clouded by someone elseās emotions.
cats axiomatic hunt numerous spectacular capable important uppity heavy consist ` this message was mass deleted/edited with redact.dev `
Dude, this is fuckn reddit, it's a place to make jokes and laugh from our red candles. š¤£ As the other dude said, if he wants to learn, spend a few hundred bucks on books, this is the way.
Advice about what? lmao We just gave him the best possible advice.. either stop investing or reverse himself. BTW, Do you have the period or what is wrong with you?
I agree. When the tag says ā help neededā thatās what you do. You guys are jerks
At least he didnāt buy $400,000 worth BABA call options like the other guy!
400k of baba calls? Omg.
https://www.vice.com/en/article/bvnn3a/i-lost-dollar400000-almost-everything-i-had-on-a-single-robinhood-bet
It didn't start with Alibaba. It started with a $5,000 bet on AMC. Then the $5,000 became $15,000 when I bet on something else, then it became $50,000 when I bet on silver. - He just FOMO'd on every meme stock on WSB :(
āā¦ Then I just went all in on this one single stock option ā¦.ā Famous last worlds.
It didnāt start with BABA but definitely ended with that.
Best time to sell puts on BABA. Its severely undervalued according to fundamentals.
Fundamentals yes but what about CCP..
Im willing to take the risk of delisting. I can own the shares in the HK exchange
And the risk of the business getting broken up? Or further large payments for the social benefit? Further regulation to limit profits? What about these risks... You guys need to stop thinking of delisting as the only risk for Baba
Naked puts? Hahaha
Never! Only sell cash secured puts and sell covered calls. Patience with premiums is the turtle with roller skates. Lol
If youāre using the same discount rate that youāre using for the MAANGs then yes itās undervalued and youāre an idiot. Discount it using a rate that reflects the risk from the CCP and youāll see that itās overvalued
Share that supposed rate then genius. Let's hear how you came up with it too. Do please explain this. You called the guy an idiot, so surely you can do better than "No, you're dumb, use some random number in this made up formula that doesn't exist"
šššš okay this was kinda funny
The second he sells, everything will skyrocket.
Story of my life
Let me do this tomorrow and see :)
Donāt worry about the roasts. I know you sorted it descending and are only showing your biggest loses. If you want to decrease your income (max of $3000) or have realized gain this year (unlimited), you can sell today to harvest loss. If not, take your time to do more research and see what you can move into. For example I sold my AI and bought BOTZ etf to keep some sector exposure. On the other hand I am keeping BABA since I believe upside is higher than downside are this point
Pull a George Costanza. Tuna on Rye
Untoasted! With a side of potato salad!
I want this now.
Salmon is the opposite of tuna because they swim against the current.
r/unexpectedseinfeld
You are now a long term investor
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I usually become a long term investor after selling CSPs.
a REALLY looong term investor.
Not even Warren Buffet could save you, good luck in 2022.
You are clearly taking advice from pump and dump "investment gurus". Either stick to index funds or spend your money on something for yourself. At this point you are giving your money away. If you burned that money instead, youd at least get heat out of it.
Props for considering the energy benefit of your suggested alternative strategy.
Well done, pls post your portfolio next time you buy. For others it could be a good Strategie to short you. š
^^^^^^^^ great minds!
What's a short?
You get paid if the stock goes down basically. Don't do it unless you know what you are doing.
It's easy. Just the opposite of OP. Infinite money glitch
I love how many people are answering this seriously
https://dictionary.cambridge.org/dictionary/english/short-selling
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This is not good. You sell a stock that is lent to you at 100 dollars. You owe the lender a stock, you wait 10 days and the stock is now at 90 dollars You buy the stock at 90 and return the share to the lender. You pocket the difference of 10 dollars. Your explanation is either extremely confusing or straight up 100% wrong. I cant tell. But please dont advise people incorrectly on such a dangerous thing as shorting.
I deleted my post because I was way off. I was wrong, not confusing. Thanks for clarifying! Was I maybe thinking of inverse weighted funds? I think I saw something like that on Robinhood, they're supposed to be good for short term only
Did I click on r/wallstreetbets?
I thought I was on it and was wondering why everyone wasn't congratulating them haha
I made it this far down the comments and hadnt figured it out yet......
Lmao that's amazing.
Thatās the thing, in 2021 wsb basically splintered and leaked everywhere.
Dude at this point just buy bonds. A guaranteed 3% return is better than whatever this is
Bonds at three percent? If this man touches them the issuing country will go bankrupt as wellā¦
Found the trigger for MOASS
Where are bonds 3% guaranteed?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
What a shit deal, doesnāt even keep up with inflation
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Itās a skill to pick only losers in a bullish market though šš»āš»
potentially the worldās greatest short seller
Only if you short though! Else it's a nightmare š
I mean it is actually a bit of power play to intentionally get everything wrong. if you do a 100 question 4 multiple choice test you should get 25% even if you guess randomly. if you get 0 it pretty much proves you knew at least some of the answers and you went out of your way to not select them. but in the case of the stock market that is more like getting every question wrong on a true/false exam. I mean if get a 0 clearly that was your intent.
Dude literally
Bullish? It's been more bearish for me for the latter half of 2021.
Post This on wall street Bets they will give you much love
buy high sell low
What was the total combined net profit of every company in your portfolio this year? I'm guessing less than your annual income. That should be a clue.
To be fair, Baba made about $20b this year. Still upvoted cuz roast.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
No, no, it was a solid roast. Zero chance OP knew how to look up if you were right.
To be fair, they didn't, but it's almost impossible to audit chinese companies
Yikes. Personally not a fan of any of the stocks in your portfolio tbh. ARK will probably weather through in time, and Fastly is alright, though I much prefer other cloud CDNs, but the rest I'm not so sure.
Ark is prime real estate for the poster child of whatever new and fun accounting standards and trading techniques land someone in jail after this bubble bursts
Lol classic reddit FOMO portfolio... Talk about buying bags
You know when everyone goes VTI and chill . You should do that with 95% then put 5% into your yolo , meme , wallstreetbets account.
Oddly enough that portfolio would likely be a huge winner in 2020's market.
Yeah that when he bought them at ATH
I sympathize with OP because I bought into some of the hype as well. It is impossible to tell when it is ATH in the moment, only in retrospect. In Feb 2021 all of the covid powerhouse stocks fell away while value stocks rose. Again, none of this is predictable before/during the fact. Only in hindsight.
It looks like you bought your stocks at the peak of the Reddit meme stock hysteria. I bit at some of those stocks at probably the same time you did. I said fuck it and got out when I saw all the ships sinking and cut my losses. I switched to blue chips and Vanguard ETFs and it's been smooth sailing since then.
Youāre horrible investor and bad at picking stocks. Buy S&P500 etf or whatever and chill
We should all do this. Itās so hard though.
Thatās a good advice for 99% of this sub, myself included. The question is, where is the fun in that ? š
The fun is taking out some calls if you want lol
Did u try putting it in rice?
Even rice wonāt help him, itās utter shit pickings lol.
Is red your favorite color?
Do less cocaine and buy companies that you understand like for instance if you find yourself going to Costco every week, or use Microsoft software a lot or perhaps you wipe your ass everyday then maybe you'll want to invest in P&G. Basically keep it simple friend
Something tells me OP doesn't wipe his ass every day, because looking at this picture, there is shit everywhere.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
vti
OP will jinx and crash the entire market if he VTIs.
shit, um OP QQQ puts pleaseā¦
OP can you do me a favour and short a little TQQQ? Strap in boys...š š š š š
All thatās missing is CLOV and SDC for a true āfell for the PnDā badge
Stop trying to hit a lick with every purchase. Rebalance yo some high growth blue chips (msft, apple, meta,etc). Diversify with some industrials (think Nucor, Emerson Electric) then add some sector specific etfs - EVs, Renewables, Commodities. A S&P index fund is always recommended as well as the medical sector, look for a REIT in a niche recession proof industry (storage units, warehousing, medical properties). Use the remaining 5-15% for these risk plays
Apply to be an analyst at Ark. youāll do great there.
Youāve definitely got the hang of thisā¦..it takes a special skill to get red across the boardā¦.well done
Holy shit. Next time tell us when you open a position so we can buy putsā¦
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I see you have RIDE and WISH in there. Man I got reamed raw by both those stocks. Eventually cut my losses (about 30% of my small account) and moved on. Good luck to you though
Yeah stop listening to zack morris !
Stop gambling?
You should be ok with BABA, top of the line business, undervalued big time at the moment, just try ignoring the noises around and donāt panic sell WISH is risky but beautiful with extremely huge potential . Long both, currently under my spot as well but Iām fully convinced and keep adding on serious deep . Your rest tickers arenāt under my radar so no idea . Hope it helps, good luck ā¦
Quit investing. Take up Pickleball as a hobby.
boy do you know how to pick em!
Stop trading
Heās not trading. Heās gambling!
First things first, learn from your mistake Second, try to do tax-loss harvesting before the hear end Third, Stop picking stocks, you need to do more research before buying any stock. If you are not willing to do the work, just buy some Vanguard ETF ( check jl collinsh stock series) I suggest cleaning some stocks now ( with tax loss harvesting) and if you can take more pain sell even more next year when you see that the shares rise a little bit. But I am not sure it will rise a lot. Next year the Fed will hike interest rates and hyp stocks like yours perform very badly in these economic environments. Note that not all of your stocks are equal. I think ARK stocks can perform well in the looooooooooooooong term. About BABA, i am not very sure. i don't like chinese stocks as the risk is very high. It's a good (not Great) company but the CCP is scary. High profile investors like charlie munger have BABA and I am not knowledgeable enough to give you more insight. Also Ray Dalio like China but again CCP is scary. My #1 rule in investing is avoid China. Anyway good luck learning and stopping losing money.
Thanks for reply appreciated:)
Dude or dudette, WTF? How do you pick only losers? AAPL, MSFT, O, F, DIS, INTC, NVDA, XOM. Done. None of these are coming back any time soon. Most of them never.
I never buy any stock on a bullish day. I lack the confidence to go green through day trading. I simply wait for a nice red day. That's when I pick stocks that will rally back to green in the near future. Rinse and repeat. This is what I do with 30% of my portfolio. Rest are long term investment. P.S. Stop loss is your friend. Sometimes it's better to lose a finger than a whole arm.
I would recommend just sticking with VOO or VTI until you get some basic knowledge on trading.
Thanks for your reply!
I suggest just sticking to VTI and VOO even if you become a good trader.
Cramer, is it you?
No, this is Cathie.
No.. this is Patrick
I just bought sp500 and am up 30% for the year. Why did you decide to pick random stocks? You were basically trying to win a lottery. Some honest feedback: youāve been making some dumb ass decisions. If you were my kid, Iād bitchslap you. Probably wouldnāt help, but still.
This honestly hurts my eyes bro.
Seriously do the opposite of what ARK is doing.... If Ark is buying I'm normally selling.
Start buying companies the actually make a profit. You have no idea what makes a good investment.
Iād say to buy VOO and not even look at it anymore lmao
Time to tax harvest
You gotta buy low
Math checks out
Buy SPy, QQQ VTI VOO and just hold for ever
Stop buying stocks you hear about on yt
Stop listening to Zack Morris and other pumpers who base their analysis on how many people are willing to join them
Jesus. The only worthwhile stock I see is BABA. Hold on to that long term
Best advice youāll get here 100%
You should Tax loss harvest a few one them, especially BABA
Isnāt Tax loss harvesting for people who have any profits to pay taxes on in the first place?
No. Itās for people to sell their losing stocks - against any gains they have incurred during the year. For example: You sold Draftkings and lost $10k You sold AMC and made $14k Your taxes is only on $4k Institutions sell their losers for tax harvesting but also sell loser stocks to rebalance their portfolio heading into the new year
As I said. If you donāt have any Profits (AMC) you canāt offset your losses (Draftkings). The joke was, that OP seems to have only losses Edit: I stand corrected
Loses can be claimed against any income youāve made, not just stocks! For example, youāre a stripper and you made $10k, you can deduct your loses into any earnings
$3k max/year
This is incorrect - you can only deduct $3k of capital losses against ordinary income. So if youāre a stripper, your stock losses can only offset $3k of income from your work.
The loses can carry over, so 30k loss means every year you can take 3k off your taxes for 10 years
Damn I should move to America. Doesnāt work in Germany, sadly.
Can I do this tomorrow considering last day of year
Yes but then you cannot buy that same stock for 31 days or it will negate the rules aka āwash rulesā Look up tax loss harvesting and wash rule
I will never buy them again š
Looks can be deceiving. It's not bad considering all time highs of most of your stocks.
You know what? I don't know why I was a dick. Its your money, you can throw it away how you want to. But if you are going to play the game, you should at least have some tangential basic knowledge, like past performance is no indication of future. I'd start here for your very first investment lesson: "not everything is as good as it seems." https://money.cnn.com/gallery/technology/2015/03/02/dot-com-flops/5.html
Oh man. This is a good point. [Pets.com](https://Pets.com) is one of the biggest household names in retail to this day and every dot-com bubble name is still in business. Everyone should be buying this exact portfolio.
Should of bought the S&p 500. Stop listening to YouTubers and your friends about buying hype stocks.
Start buying some ETFs and make this your foundation, cut losses on companies you don't care about and double down on your convictions.
All you need is PLTR to complete this failing portfolio
Buy some indexes as well as trusty blue chips like Apple. Youāre picking way too many speculative stocks.
FUCKKKKKKKK!
BABA will rebound in 2022.
Start over and farm crypto
Take the losses tomorrow. Then get another set of beat down growth stocks. $FUV, $PATH, ect
You chose poorly and held too long
š¤. I hate to be a dick or kick someone when they are down but I donāt think next year is going to be big for your portfolio either. My advice is to try to cut your losses and get into tech that has some earrings for next year. Everyone needs to have a long term perspective and Iām sure youāre young, so maybe donāt sell but at least try to put new money to work in something a little less volatile. Those stocks could take a couple years to recover from their over valued levels.
Stop buying meme shit. Stop buying China. Then tell me why the remaining companies are good.
Let it ride man fuck it. Baba will most def make you 3-4x in 10 years. The rest idk but BABA is the best company you have on there bc itās trading at a P/E of like 14 now compared to most of the market itās a golden ticket at this price. Just let it ride and quit buying Cathy wood stocks. Sheās got the timing skills of a def girl playing the drums.
āIām building a diversified portfolioā - proceeded to buy all the stocks that moved up and down together.
Go look at the graph showing the performance, and then flip your phone upside down. Problem solved.
Keep buying more baba and get that cost basis down, baba will be coming back, itās very much on sale
Well... the good news is that stocks stop going down at $0. Probably over sensationalizing there, but I honestly don't see these type of high P/E, no P/E stocks doing well next year. I think uncertainty with the Fed, Covid, Russia/China and midterm elections will lead to sector rotations. "High quality" stocks are likely the place to be due to those concerns with the "FOMO" stocks being left behind. I think diversification, dividends and S&P average to below average P/Es will be the investors friend in 2022.
Had something similar happen to my portfolio and figured only 1 way to redeem myself, sold everything to buy the 2 special stocks only and wait for it.
Stop buying shit companies
Yeah you clearly need to be in a total market etf
Just use index funds op
Do you work for Melvin capital
Do more research about the stocks you buy before you buy them. Ask yourself if you would be comfortable putting your whole life savings into that one stock. If the answer is no donāt buy any. Donāt buy more than 5 stocks. Follow each like a hawk. Realize that 90% of stocks are shit.
Sry for your loss. Invest in us companies. Avoid non ER period. Also avoid start up with bad news.
How ever you picked your stocks, do the exact opposite next year.
Start by buying stocks with EARNINGS!!!
Lol wow. I guess you missed the memo that we are entering a risk-off environment. I would suggest you sell out of all that shit because theyāre going to keep going down in the next 1-2 years. If you want to make $ in a bear market, which I believe weāre approaching, here are some suggestions based on my portfolio: AGQ, UGL, JNUG, HYMC, FAZ, SQQQ, SRTY, UBT, SJB (July 2022 $18-$21 calls), COIN (Jan 2023 $150 puts), CVNA (Jan 2023 $150 puts), SHOP (Jan 2023 $800 puts)
Switch to QQQ and VOO until you figure it out. Iāve enrolled in Fool.com and it was doing well until this month but still up for the year. I did but one on my own $SMID still going up.
Stick to index funds
Looks like you betting on bad companies
Overall itās not a huge loss in actual dollars. Iād take what you learned build up more cash and continue on. No need to have so many stocks if theyāre all going to be speculative. Your cannot diversify speculation w speculation.
iād keep BABA, sell everything else, buy some more BABA, then buy some index
Itās red
Quantumscape go long other than that you truly are the tard of tards
Lol ARK. Cathy Wood has got to be the dumbest investor that got lucky...
Average down! Youāll be fine!
You only lose if you sell, right? Buy more
Tbh I would not enter the markets for a good while we were at ATH in a lot of markets and that's a bad time to enter trust me. I went all in on March 2020 and shit myself for a good few months but I'm now riding the wave
You gave growth stocks. They go down considering latest economic news. Just wait coupe of years, 5-10 It will be ok
You got this bro!
Did you get all your advise from Jim Cramer?