I, like many of you, started investing in late 2020 early 2021. I lost money on the meme stock craze, teaching me to not day trade. So I invested heavy into tech and pot stocks, planning to hold for many years. Up almost 65% in IIPR in one year? LFG.
I dont even know how much I'm down total now.. but it isn't pretty. I've lost far more than I have put in.. my IIPR is now down 25% from the initial investment.
This has all taught me that I'm not smarter than the broad market. It's really not “fun” to pick stocks in bear markets like it is in bulls. The reality is I dont know shit even with my countless hours of research.
Thanks to this bear market, I opened a roth ira, and vti and chilling. My brokerage also now safe, with VOO, IWM, and QQQM. Now if my portfolio crashes I know its not my fault.
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