Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
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Sanrith Descartes
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hory
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You can sell everything and buy it back cheaper, buy more in a few months. The market was over valued and the Biden admin is doing all they can to make things very unstable. Expect things to get worse before they get better. So i guess the answer is stop looking.
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Moglyzoke Moogleman
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Sanrith Descartes
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Sanrith Descartes
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Depends on the portfolio makeup more than anything else. if you are fully invested in index funds like the SPY/QQQ and this chop bothers you the best advice I can give is to not look at your portfolio but once or twice a year.
if you have individual stock positions you need to examine the stocks and ask why. If you cant answer the why question you probably shouldnt own individual stocks.
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Sanrith Descartes
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I will only add that lots of non-penny stocks are junk too in my opinion. Buying quality and holding it is the answer.
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Sanrith Descartes
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Captain Suave
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Piggybacking on this - It's really important to remember that no portfolio changes are real until you exit. If you're saving for retirement, that exit is likely multiple decades in the future and will be smoothed over many years. This daily chop, and even the swings of the last four months, are utterly meaningless unless you were otherwise going to trade on it. There's body of research out there showing that even knowing about short-term portfolio movements leads to dissatisfaction that you don't have to experience. If the froth bothers you, check in once or twice a year to make sure you're diversified properly and otherwise turn off the financial news. Same result, less stress.
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Cad
scientia potentia est
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Sure I love paying all my long term capital gains taxes at once during a market dip, this is great advice.
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Tmac
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Rangoth
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Others have already explained it and I know what's going on here, and yea, that's an awesome potential gain for this dude. I probably would have bitch hands that way before it was up 200%, but I don't really make the play he did very often(buying calls)
I don't follow COST so that's probably on me and Im not currently in a spot where I can go do some research but without diving in to the complexities of options, it basically means that the market believes strongly that COST will be worth more than 636/share come April 29th.
Aldarion
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My horizon is long, its not a question of being bothered by it in terms of "oh shit I'm gonna lose my money".
I'm invested in index funds, commodities, stocks I plan to hold long term, and stocks I plan to hold shorter term. As a noob I make mistakes and expect that; over a long enough time I'm not really worried any of these decisions will hurt me. No individual stocks are over 5% of my portfolio and I'm diversified across different sectors, although as you guys pointed out I missed some. Most of my individual stocks are well known widely recommended names. Nothing terribly creative.
My questions are about how to best play the game. What I was wondering is whether experienced investors and/or traders adjust their strategy when the portfolio goes down by 1-2% per day all week. Or just hold steady and wait for the turbulence to pass. (For the most part I have been viewing times like this week as buying opportunities or just doing nothing and watching and bitching about it. )
Re-reading some responses, I think my question was really whether the scale of these short term losses is something an experienced trader would react to if it happened to their own account. Appreciate the feedback.
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Jysin
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