From Oct 2021 to May 2022, I dumped $100,000 into an etrade account. I had been researching stocks for months and I was finally ready to jump in and start investing. I bought stocks, etfs, and a balanced mutual fund. I immediately lost close to $20,000, because right after I bought everything, it all started going down. For example, I bought: NVDA at 276 (now 145), TGT at 245 (now 142), DIS at 140 (now 96), BRK.B at 351 (now 277), and ADBE at 460 (now 368) among many others.
I am extremely depressed and don't know what to do. A friend said, “it doesn't matter, you'll make it back.” I tried to explain to him that it's different if you lose the money immediately. It's like you're STARTING at $80,000, and he doesn't get it and thinks I'm overreacting. I can't stop thinking about how a large chunk of the money I worked hard to save up for at least 10 years was gone in an instant. How do I recover from my terrible mistake of investing during the worst Q1 in 50 years?
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