I got into stocks a few years back, in August after the big March 2019 drop. Did my research, learned the basics, picked a few stocks and things were going pretty good. I was beating the S&P500 for about a year and a half, and I made some good trades in the process.
Then the big inflation fiasco hit and my stocks, like many, tanked. I decided to just hold my investment and wait for things to settle down, but in the process some of my best stocks have become huge losers and I am down some 40%. Is this outside the normal right now? It's not money I needed, worst case scenario I could recoup most of it in less than two years of capital loss tax filings, but it is a real bummer to look at and now I doubt whether I have any capability for this or not.
So just looking for some insight, I guess. Is it roughly as bad for everyone right now? Did I screw up by holding through such massive and consistent red days? I feel like I did the best I could with the decisions I made, but I am still learning a lot and with all the news of Wall Street corruption and big bank negligence, I feel like I hardly stand a chance by reading charts and understanding trends.
Leave a Reply