I wanted to start investing around Nov 2020. After realizing my savings account was losing value with inflation. At the time my worry was 2% inflation lol. But I decided to wait until Jan 2021 so I would be beginning in new tax period.
It turned out that was the top. And looking back there were so many signs I missed due to my inexperience with stocks that we were at a top. Some of these include SPACs having those fake revenue projections. IPOs coming out every week. Share offerings happening every week. Stocks shooting up 10-25% because Cathie Wood or another big investor mentioned they were buying them.
One of the biggest issue for me is the valuations I bought some stocks at. And it isnt meme stuff I bought. I bought a major bank stock for example which is now down 30%. How do you deal with it could be years to recover from the losses?
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