About 2 years ago my husband changed my e-trade account to individual stocks from an index fund that he used the Motley Fool picks. The entire account is down 40%. Can you please take a look and give some advice? Am I best just holding or do I need to cut my losses and get these into more stable picks or back to an index fund which is my preference? I know you're not supposed to sell at a loss but do these even have any chance or recovering or is my money better put into companies on the way up?
In the Red:
AIRBNB, -17%
AMWL, -98%
FROG, -33%
FSLY, -90%
LMND, -6%
MASI, -53%
NEE, -3%
PGNY, -35%
PINS, -42%
TDOC, -95%
TRUP, -70%
YI, -94%
In the green,
AMZN, +27%
AXON, +85%
CRWD, +86%
ETA: My husband did not force me or get into my account, I trusted him because he handles our finances. This is not to shame him. He has a very high earning career he should focus on that which has provided us money and also some sound real estate we purchased over a decade ago… but he has no experience in markets or finances so he should not be picking stocks and should just buy into a long term growth strategy like an index fund. I feel like we can do much better than the current situation with our stock portfolios. I want him to do the same to his accounts. Basically cut down on these mistakes and losses and move in an upward direction. Unfortunately these were some costly mistakes but better to learn now than not at all right? I do think my husband is not starting to accept this was a mistake on his part and he needs to change his investing approach.
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