Background:
College kid. I fucked up and invested in a lot of bad stocks last year and now I'm down a lot of money. I went into the market naively thinking all stocks go up and bought at ATHs. Since then, I've read several books and I've decided I'm only going to buy blue chips and index funds once I fix this mess I'm in.
I'm not broke but I was really hoping to grow this money for a down payment on a house in 5-15 years (no rush, just going to go for it when I feel the time is right. I recognize that I shouldn't invest if I need to spend the money in 5 years, but I'm ok with waiting longer).
Current state:
I am very down on many stocks. I have $15,000 left to invest. Will not have an income for 2 years (I have enough saved to live during this time), so I have to make the most of this money. I'm not sure if I should immediately go to index funds now or try to average down on some of my poorer investments below.
My shitty investments:
Tesla: shares valued at 3000, down 45%
Shitty penny stock: shared values at 50, down 96%
Google: shares valued at 3000, down 25%
Amazon: shares valued at 1000, down 30%
Mp: shares valued at 500, down 45%
Lac: shares valued at 700, down 40%
Previously poor penny stock that has been on the rise: shares valued at 500, down 40%
Ntr: shares valued at 1000, down 30%
Tgt: shared values at 2500, down 40%
TD: shares valued at 4000, down 25%
I'm down less than 20% on all my others and I've made moderate gains on a few stocks including Nvidia, amd, and oil. I recognize that not ALL of these are necessary “bad” investments, as google, TD and some others should recover, but I'm still at a loss for what to do.
The request:
Please help me decide what to do with this mess. Should I just accept these losses and go 100% index from here? Should I average down right now with the entire $15,000 proportionately applied to each of the stocks? Should I average down on just some of them? If so, which ones?
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