I am hurting pretty bad on AMD NVDA and GOOGLE. AMD and NVDA are hurting the most. I am down about 40 % on each of them. I am scared they might go lower. Should I cut my losses now? Or am I just buying high and selling low? (Got in NVDA at 199, now its like 113).
I love the companies and would hold them for the long term. But as some people are pointing out, NVDA may be a CISCO situation where it goes down to 20 a share and never sees these highs again.
I bought NVDA because I thought AI was going to be the future and drank the cool-aid. But now I am seeing just how EXPENSIVE the stock really was (It hit 350 at one point, so I thought 200 per share was a good price. I am still learning about investing, pretty new to it)
I'm losing sleep over this, and will only DCA into index funds from now on going forward; I don't have the guts or time to buy individual stocks. But my question is should I keep the stock I have of these companies or sell them? I live in a tax-free region so there is no tax harvesting that I can do.
What do you guys think?
If it helps I bought 8700 dollars of NVDA at 199 per share. Now it's worth about 5000 dollars. So not life altering money, but enough to make my stomach drop.
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