If I’m already down 60% ，am I pretty much screwed？
My portfolio has been way down for months and I’ve basically stopped looking at it since I don’t have any extra money to average down or move into other positions unless I sell what I have at a loss. With the incoming recession am I pretty much screwed since in order to break even I basically need every stock I have to triple in value which I do not see happening anytime soon.
$Amazon(AMZN.US$ $NIO Inc(NIO.US$ $Disney(DIS.US$
$Amazon(AMZN.US$ $NIO Inc(NIO.US$ $Disney(DIS.US$
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70924419 : just wait until the recession 2 be over because will be going up by then.
71099812 : you got two years to buy the dip.
70924419 71099812: I have as long as it takes .......
and it will work out.
.
because I am in this stock for way longer then 2 years ...
more like 18 to 21 years is how long I have 2 wait if not longer.
I am in this stock for the long haul and that is what everyone has 2 ask there self how long do u have 2 wait ..
so I buy the whole time
but anyways have a great day and try to have fun and good luck
lightfoot : wait for the sell off to stop. patience. re evaluate your holdings. To raise capital may require taking some losses. Don't sell off all shares in one holding but a little from each holding. Then buy the stock most likely to rise soon.
lightfoot : re coop some losses. Buy back in intervals holding some cash.
lightfoot : Good hunting Moo er
panzerzwei : hey @Charstey, everyone's seeing red at the moment in case you are wondering. things will get better, though i will caution against making hasty moves. the market will recover eventually, so try to enjoy the the ride in the meantime. that's what i tell myself too
Zerocool888 : If you don’t sell a single share, you are NOT SCREWED. At the moment it’s only paper loss. If you think you are the only one down by 60%, then you are very very wrong. Remember, be patience as that’s how you make money. Easy money, easy go. Many have lost money on stock market investment is due to impatient and panic sell and sometimes panic buy. Even if you have done your DD well, you should be patience as you already know the current economy is facing inflation and FEDs is trying not to go into recession which will be worst for the economy. They are trying to tamed the market for softer landing for a mild recession. Recession will come for sure and everyone is hoping it will be a short one. Again, I stress patience as the keyword if you wish to recover and make some money.
CharsteyOP 70924419: i hope so
CharsteyOP 71099812: How do you know this is the dip
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