If you are getting close to walking away from investing entirely, don't feel bad, there are many other retail investors in the same boat thinking the same thing. Let's have an honest talk about this.
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DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
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DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
What are you rambling on about? Seriously, 15 minutes of nothing.
Sounds to me the man you're talking to doesn't know what a quality defensive stock is. Like Coca-Cola I bought it at 50 it's worth 54. Campbell's I bought at 45 currently worth 48. These are quality defensive stocks. Of course no quality defensive stock is going to help you if you top tick the market.
Great please quit! Smartest thing you ever did
SQQQ
Coach Phil Jackson put it best: "Chop wood, carry water" regardless if you're winning or losing.
Down 8k on 30k, I just wanted to keep my money stable for the next 10-20 years. 2 years in it's been wild. I'm trying to cost average buy but it's hard because that continues to lose money. I'm trying to think long term but it's hard when you keep seeing red day after day
Buy GME and AMC!
You cannot diversify when the stock market is controlled by the same 10 companies… half of which are technology like Apple, Microsoft, Google, Amazon, and Intel
If you had $150000 in 2000 and invested it in a US small cap value index fund and never made additional contributions, in 2008 you had $241424 in nominal ( $193274 inflation adjusted) in 2008.
Yeah I don’t blame him man. Capitulation may not be the smartest move when you can get good interest rate rather than sitting on equity to wait for it to recover.
It's funny how you all keep saying "talk to a professional, talk an advisor". It is as if any of them even got the balls to really give anyone any clear direction or any real solutions. Lol.
Thanks to Joe and the Democrat
When everyone says sell it's probably time to buy.
The advice for the past forty years has been to stay in. Interestingly, that advice developed after the 14 year lull where bonds completely owned equities. 14 years of buttkiss from the S&P. What's interesting about that time period from the 20th century is that it had many similar qualities to now: inflation, raising rates, recession, a lot of fed talk. To think that just b/c the market has done a thing for a long time that it will continue is ignorant. There are so many periods in various markets around the world when people believed price would keep going higher and then it fell through the floor. The 1920s in America is the perfect example of how wrong everyone was. I guess I'm not saying don't invest, but I am saying diversify, and in the truest sense that includes other products outside the financial sphere, like hard assets (housing/real estate, metals, collectibles). Don't be an incompetent investor. Study the thing you are throwing money at. The economic situation right now is not an investor's wet dream. There is large tail risk thanks to the policies the fed is putting on, or rather taking off. Every NYSE investor should know what QE is and why it's relevant. They should also know that the way the US Fed moves effects the entire world and that it's likely major countries go into recession next year…
If I have an extra $150k sitting in the bank collecting dust right now, I'm not buying AAPL, or TSLA, or any of them. The dollar has been killing currencies world-wide and it will continue to do so as long as financial participants are worried about risk of their own currency devaluing. It's the safest haven as all central banks prefer to keep the USD in their hold during rough times. It makes sense to hold onto the currency that will hold value the best. Thus, staying in cash predominantly is a good idea right now.
Read a report by Goldman Sachs yesterday, "retail is close to capitulation".
Hang on Tom. You had a video the other day talking about making money this Monday and Tuesday 10/10/22-10/11/22. I’m not saying I got in on that risky advice, but there’s definitely some hypocrisy going on here. I know you to be a no bullshit guy, so this is not a hateful remark. Let me be very clear, I am only seeking an explanation.
There's a 1.168 fib at 1810 (s&p), so yep it can get much much worse, not saying it will happen, but it's always good to mentally prepare yourself for the worse, that way you will always be pleasantly surprised lol
I want to say that, hey wall street moder fuckers I'm still alive
150k is not a small amount especially for a self managed portfolio
V shape recover like 2020 will never happen again? very interesting. I think it will be a very long U shape recover.
Just told my dad to buy more Tesla NOW. I have been ragging on him for half a year. He finally bought in a week and a half ago.
Music to my ears!
Bought 9 more today, been buying since 1-2-2020 at @ $28 & maxing out Roth IRA every yr. to @ 657. & will fight to buy more!
See me in 5 yrs!
Not sure what your friend invested into but it doesn't seems like a safe portfolio. I mean if you bought into the S&P 500 like VOO during the 2020 crash and held it till now. He would still be up. I mean I bought around August 2020 and I'm still up 20% even with the 20% something downturn YTD. Assuming you deployed some cash close to the bottom or a few month before or after, an 40-50% return was euphoric and unrealistic. The market was bound to come back to a more normal valuation.
I hear ya.. You've been zero for everything the last three (3) years and you've been see sawing all over the place. Time to take a break…
I’ve never sold.. I have a decent portfolio but I’m still investing at least 500-700 every 3-4 weeks still.
$150,000.00 ain't little investment.
Savers must make sure to sit firmly on their sh!tloads of cash and never let any banker or broker touch their cash. 💰💰
I think the decision to sell all comes down to two simple things. Are you up, even or taking a big loss if you sell? Big losses are ok (can use the losses against taxes if you have gains in other businesses or investments) – if at a big loss you gotta adjust and stay in imo. The second thing is what % of your wealth is in the market. If it's 70%+ then you are more inclined to sell some or all so that you are not stuck waiting 10 years to get your financial freedom back. Me personally I want my money free so I can take advantage of real estate on sale. I would be pissed if I had massive amounts of my net worth stuck in the market, waiting for it to turn around/recover for years. Hands tied. Thats not an ideal scenario.