What I Am Buying Today.

[crimsonghost747]

(12-03-2021, 05:07 PM)Marknew Wrote: Ok all I'm a newbie. I just starting investing like 2 months ago. All my friends were doing it, so they talked me into it lol

I'm 23 years old and just graduated from U Maryland. I don't make much money yet but decided to invest 30k in the market.

Bought GNRC, SQ, PYPL, BEPC, VMW, COUP, DKNG, ATVI, VZ, MTCH, SDGR, JNJ, V and some others

My portfolio in just 2 months is down to $17,786. So lost almost half. I suck at this lol. Now I have no money to buy more to average down.

I am sick to my stomach. I thought these were all good stocks and then WHAM!!  Any advice? Will these come back over time?

Welcome.

There is a lot of highly valued growth stocks in your purchases. And that is indeed the reason why you are down so much. Fenders was saying this for years: valuation matters in the end. We all knew he was right, and now we all see it in the charts.

There are many ways to invest but if you stick around then you will see that in general we have a very slow and steady approach. And one that is very well suited for downward trends such as the one we are seeing now. JNJ is a great example of this approach, most of us here own it and personally I'm ok with holding it for several decades, no matter what the market does.

Best advice I can give you is to not do anything irrational. A lot of people in your shoes would panic sell everything and never touch the market again. You have already passed that stage since you are here. Use this as a learning opportunity, see where you went wrong (there is a big hint in the first sentence of this post ) and then figure out how to improve your strategy. 

Many of us have been doing this for longer than you have been roaming this planet, and we still learn new things constantly. Making mistakes is absolutely normal and it still happens to me all the time. It's about learning from them and adjusting.