So first of all im living in the EU not in the US. So im 24yrs old i started working in 2018 and over the years i have saved some money that i wanted to invest but was not sure how. Calculated about bonds and smaller return banking stuffs(1-2%yield) did the quick math and decided it was just literally nothing.
This is when i started to learn about the stock market. Unfortunately in my country really few people know anything about stocks, here the best investment is buying a house and rent it out or just put it into foreign curreny because ours is getting weaker year by year. So i read a lot of stuff, watched some videos and i wanted to start asap. Also i like doing things in practice rather than theory.
So in early 2020 i decided i put in around 20% of my money and then waited. Bought some tech stocks like msft, apple, google and also some dividend stocks maybe coca-cola, pepsi if i remember correctly. 1 week later covid crash came everything fell around -10%. I was like ok lets buy some more. I now put in 50% of my money and waited. Time passed and then we all know what happened in a few weeks market crashed more and more week by week nobody knew where would it stop. Unfortunately i put in all my money before it reached bottom. And then i held.
About a month or two later market has rebound and i decided i wanted to buy a new stock now but was afraid that the stocks that i had will fall back since they really jumped up a lot i was in positive now actually. So i decided to pick up some EV stocks. This is when i bought tesla+nio around may and this has been my highest return investment so far. Forward in time I had like 700% return on nio and i kept buying. I felt like i hit the lottery and i want to hold this stock forever. This is when my investment strategy went from bluechip stocks to smaller mid-cap stocks. They were all growing like hell 100-300%+ returns in 2-3 years man i was like i must buy these stocks its a nobrainer. So i started to buy stocks like shopify, etsy, nio, fiverr, corsair all kind of stocks that grew a lot.
And about a year ago they started to crash. But i kept buying i was like averaging down is the best I can do. And then they crashed even more and more sold my blue chip stocks to buy even more of these small tech stock.
And about 2-3 months ago i asked myself what the hell am i doing. The greed consumed me and i went so far away from my original strategy of investing in big and stable companies to literally gambling. It wasnt like i lost all my money but from 700% return and i had 70-80% return on the first of my stocks as well i went to zero returns and now only have the cash that i would have if i didnt invest anything.
I dont have problem holding stocks in a crash but as i learned more and more about stocks, started to read earnings reports and check data like P/E, PEG, debt, cash flow, dividend payout ratio, etc. I realized i rather want a stable 15% long term yearly return that the risk of losing all my money for a big profit.
So i sold all my stocks did a big reset and built my portfolio like this: Bought some FB, Googl, JPM, BBY, Whirlpool, WBA. I wanted to buy apple or msft but from my current point of view they are overvalued and yes this is very subjective but i feel confident in these stocks now. (maybe it will change later)
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