I’m 25 years old, and have been working for just about 2 years. I’ve maxxed out my contributions to my Roth IRA since 2018, and for the last two years have been contributing at least enough to get my employer match, and contributed 10% more than the minimum for match over the last year (Roth TSP for military, have some short term savings goals so I reduced from 15% to 10%).
Like many, I got caught up in the GME craze on the earlier end and made a nice chunk of change of the whole thing. I immediately put all of those earnings into other growth stocks which have absolutely tanked. Obviously, everything I got out of GME is pretty much gone. It’s a bummer but I’m not super upset by it because I learned a lot and didn’t really lose much more than house money.
Unfortunately, I hung on to those shitty stocks and am not sure the best way to go forward. They’re all in my Roth IRA.
Right now, I’m looking at:
DKNG -70%
JPM -31%
MVST -79%
PLTR -63%
PENN -68%
I don’t have the time to watch stocks anymore and pick and choose. Most of my money is in an S&P index fund and I generally consider myself to be in a good spot financially. I paid for my fiancé’s ring in cash, and we’re on track to pay for the wedding in cash too.
Between my retirement accounts, I’m at approximately $45k, and it’s almost all in good index funds. It’s just this $8k-ish I’m unsure what to do with. Sell it and take the massive loss, dump the rest in index? Let it ride and continue my normal DCA routine? Thanks.
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