I have been investing since mid 2021. My brokerage account (correct terminology: Portfolio) is down 36%. I worked hundreds of hours of overtime to build up my portfolio. I am just sick of checking it every 6-8 weeks and seeing everything red. I know a 17 month span in the stock market is not very long – but it pains me to see if I had just docked away money in a savings account I would have $14k more than I do right now.
Right now I see all these analysts like Morgan Stanley’s Mike Wilson saying we are going to have another dip. Many analysts see the S&P dipping below 3,000 by year end. Part of me says buy up SDOW and SQQQ to make a profit off any economic downturn. Not gonna lie – I’ve gone halfway there. I sold almost all of my stocks (TSLA, GOOG, AAPL) and sold half of my ETF holdings (VOO, QQQ).
Pretend I was your son or grandson. What would you tell me to do? At the very least me selling what I did for a loss should help for tax season. My gut tells me to not buy back into this market until we are for sure out of the mess we are in (inflation wise). Would it better to buy back into VOO, QQQ and put a note over my password binder “Do not sell anything until retirement!” My ultimate goal is to build such a big portfolio that I can invest in just dividend ETFs and make a few hundred dollars a month. I am many years from that at age 29 and with less than $20k in my brokerage account.
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