I am new to investing and am currently taking a course in order to introduce myself to the field. I am not considering a career in this field but want to learn to grow wealth.
I am 19 and invested a little over 2k into large companies that are relatively stable last week. Amazon, Apple, Tesla (not really stable imo), etc. I even bought in around the low price during the past 5 days, considering how the q3 earnings come out this week, and I was hopeful.
It started with Amazon and the tech companies, and now even Nike stocks are tanking. I lost about $160 in just one week, which isn’t bad financially, but is disappointing more than anything. I really don’t want to sell my stocks now because then I just lose $160 permanently.
Are recessions like this common, and are you supposed to wait for times like these when prices are falling in order to buy instead of when they are stable?
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