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Hope everyone is ready for a good cry today :(
So what stonks are we buying?
Thoughts on ETSY?
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What’s your investment thesis? What has changed? Price and macro are irrelevant. The bigger the difference between your thesis and general market consensus, the bigger your profit IF right. Make decisions accordingly.
Also depends on when you need the money and how much it is as a % of your portfolio.
I’m down 500k over this year or about 1/3rd of my portfolio and not even blinking (no crypto though. As much as I want to like it, I just can’t - blockchain is amazing but never seen a killer game changer for cryptocurrency).
I’m trying to work out how to buy as the companies I have a thesis in I see as cheap. Can be aggressive with some plays as I have a solid foundation on VOO, emergency funds, home equity and retirement money too.
But honestly, if your a beginner focus on building your base and habits. Nothing wrong with just buying VOO for 10+ years as you focus on your career etc.
I’m down like 5k in doge coin from Elon hype.
For whatever that’s worth
Whoever recently laughed at this.
It’s more now ;)
For starters, dogecoin is a meme and has no intrinsic value…
Exit the market now. Recession is coming. There will be better chances to enter next year.
GS1 - just 1 example
Dogecoin can make an exception, my opinion though
Associate 1 - The only thing bankers know how to do is money. We're in the business of making money. Goldman won't say a recession is inevitable. We want our clients to stay invested or even better, to recalibrate their portfolios.
Inflation, FED rates, Russian war, including crisis in Europe (Germany and Italy will be the worst impacted) when they stop fossil fuels from Russia, also China's housing market bubble will soon burst. Remember Evergrande?
Save this post. Stock market will end in red this year.
GS1 - totally hear you, where is the fun! But 95%+ of people don’t find it fun nor have the emotional discipline to be potentially successful, hence LT view
Depends on the stock? Sell dogecoin. That’s crap
Considering the only hope in Doge is Elon, then I’d think long and hard about how much risk you want to leave there 😂
Pro
Hold Doge at least until the next crypto wave. No guarantee that’ll happen but also no reason yet to believe it wouldn’t, when it’s happened 4x already and after much steeper bear markets.
For stocks, depends what you’re invested in really…
Thanks yall, as said I’m a beginner so I tossed in 3k just for ish and giggles. But it’s gonna down fast. But it’s not anything major