Here is where one of my investment accounts is standing at the moment:
The currency is in Swedish Kroners, and right now 1 sek is about 0.11 US. I have put translation of what the fields mean on the picture.
So you can see that I am down by around 97K USD at the moment (it has gone down by more than 30K just the last 2 days!). This is despite the the USD to SEK exchange rate that has helped me a bit because the SEK has fallen quite a lot compared to the USD the past few months.
Also, 106k USD of my porfolio is on margin.
This is really fucking up my mental health (not able to sleep properly for several weeks now, unable to focus on work, falling back to old addictions that I have thought I was done with like starting to smoke again after 10 years and even using escorts, etc..). I think I have to do something quick before this gets out of control.
I am thinking of doing this:
1) pay back the margin by selling some stocks and also putting in some cash in ASAP
(I was margin called both Tuesday and Wednesday, which was really scary, first time experiencing that. I have quickly fixed it by putting around 15K of cash and selling some AMZN )
2a) Once I have nothing in margin, just let it ride the rest of the year or whatever, I don't have any immediate need for the cash
2b) Liquidate everything immediately as well and wait until there is some calm in the market (yes, I know, I may miss the bottom)
2c)Liquidate everything immediately, but once a week or so start putting a certain amount into VTI or something similar (e.g. assuming I don't go down crazy by open on Thursday, I will have around 250K, so let's say I start putting 25K per week on VTI)
I am more or less set on #1 (getting rid of the margin). But not sure about which of 2a, 2b or 2c makes more sense.
Any recommendations?
It is very hard to swallow such a big loss, which is equivalent to 23% (could be much more depending on what happens the next couple of days), but I am really struggling mentally at the moment and do not know how long I can sustain such stress.
PS: Around November, my whole portfolio, which includes 3 other investment accounts and KRYPTOs, was worth almost 800k, and I was really thinking I could hit my target financial independence networth of 1.5M before 2025. I have not completely assessed the damage on the KRYPTOs yet, but if I have to estimate my whole networth is now probably between 500 to 550k.
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