Message to other young investors

For background, I'm 20. The markets have been very exciting lately. Huge gains have been made....but also huge losses. I am in the latter group. I saved money for most of my life, and started investing during 2020 after the pandemic hit. I didn't want to trade, I wanted to just get long term investments and hold them. And that did work out pretty well. I was down red at certain points, but it was never SERIOUS drops, and I was confident that my picks were good in the long run. I wouldn't go into details about the weighting, but my portfolio essentially contained AMZN, MSFT, AAPL, SQ, NKE, ARKK, PLTR, NVDA, WMT, COST, DIS, JNJ, PG, V, and a couple other small picks that were my "fun" stocks - I actually had a few dozen APHA shares at $6. I had heavy tech weighting, but I was confident in the long term prospects. By this year, just about everything was in the green, and collectively up around 15%. Then came BB. BB looked appealing so I sold most of my stocks that had been moving sideways for a while (AMZN, MSFT, NVDA) and put the money into BB when it was low teens. Within a couple days, it hit the 20s and I sold for thousands in profit. The fact that I made thousands of dollars by doing nothing was crazy to me. The rest of my portfolio was also up several thousand dollars (overall, my profit was around $7000 at this point - a combination of the realized gains from BB and the unrealized gains from everything else). Then came GME. Several months ago, I neglected GME because I did not think they were a good long term investment, and so I did not buy them when they were less than $20/share. So when I saw the stock jump to 40, and 60 in the span of hours, I thought that was crazy. So what did I do? Naturally, I got FOMO when the stock was almost $400 and bought into the hype because I actually believed in what people over at another subreddit were saying. Within a week, my portfolio dropped around 80% (roughly $20,000). I thought that would be the best learning experience for me, but I bought into the weed hype this week, and have lost another few thousand dollars. All in all, I've lost 90% of my money in the past month. I'm young so I can recover, and this wasn't money I needed urgently. But my money I worked for and saved is completely gone because of my decisions. I'm writing this mostly for myself because I needed a reality check for myself and don't have anyone to talk to. I can't sleep at nights, and can't really focus on anything else. I've lost all interest in playing video games, and my grades are starting to take a hit. This is really embarrassing for me, and nobody knows I lost my money on stocks (nor do I want them to). I don't know if anyone needs to here this, but please be careful with your money, and don't invest more than you're willing to lose. Especially for young investors, we have such a long time horizon. There's no need to try and get rich quick. Conservative investing will compound over our lives. Edit: the amount of support has really helped me get out of the dark place I've been in for the past couple weeks. I think I'll call a gambling hotline later just to talk it out with someone. Thanks guys :) Edit 2: I know I haven't replied to every comment because it's really piling up, but I'm reading through them all. Even if I don't reply, the shared stories, and words of positivity have been extremely uplifting and reassuring :) submitted by /u/presidentgertler to r/stocks [link] [comments]

For background, I'm 20. The markets have been very exciting lately. Huge gains have been made....but also huge losses. I am in the latter group. I saved money for most of my life, and started investing during 2020 after the pandemic hit. I didn't want to trade, I wanted to just get long term investments and hold them. And that did work out pretty well. I was down red at certain points, but it was never SERIOUS drops, and I was confident that my picks were good in the long run. I wouldn't go into details about the weighting, but my portfolio essentially contained AMZN, MSFT, AAPL, SQ, NKE, ARKK, PLTR, NVDA, WMT, COST, DIS, JNJ, PG, V, and a couple other small picks that were my "fun" stocks - I actually had a few dozen APHA shares at $6. I had heavy tech weighting, but I was confident in the long term prospects.

By this year, just about everything was in the green, and collectively up around 15%. Then came BB. BB looked appealing so I sold most of my stocks that had been moving sideways for a while (AMZN, MSFT, NVDA) and put the money into BB when it was low teens. Within a couple days, it hit the 20s and I sold for thousands in profit. The fact that I made thousands of dollars by doing nothing was crazy to me. The rest of my portfolio was also up several thousand dollars (overall, my profit was around $7000 at this point - a combination of the realized gains from BB and the unrealized gains from everything else).

Then came GME. Several months ago, I neglected GME because I did not think they were a good long term investment, and so I did not buy them when they were less than $20/share. So when I saw the stock jump to 40, and 60 in the span of hours, I thought that was crazy. So what did I do? Naturally, I got FOMO when the stock was almost $400 and bought into the hype because I actually believed in what people over at another subreddit were saying. Within a week, my portfolio dropped around 80% (roughly $20,000). I thought that would be the best learning experience for me, but I bought into the weed hype this week, and have lost another few thousand dollars. All in all, I've lost 90% of my money in the past month. I'm young so I can recover, and this wasn't money I needed urgently. But my money I worked for and saved is completely gone because of my decisions.

I'm writing this mostly for myself because I needed a reality check for myself and don't have anyone to talk to. I can't sleep at nights, and can't really focus on anything else. I've lost all interest in playing video games, and my grades are starting to take a hit. This is really embarrassing for me, and nobody knows I lost my money on stocks (nor do I want them to). I don't know if anyone needs to here this, but please be careful with your money, and don't invest more than you're willing to lose. Especially for young investors, we have such a long time horizon. There's no need to try and get rich quick. Conservative investing will compound over our lives.

Edit: the amount of support has really helped me get out of the dark place I've been in for the past couple weeks. I think I'll call a gambling hotline later just to talk it out with someone. Thanks guys :)

Edit 2: I know I haven't replied to every comment because it's really piling up, but I'm reading through them all. Even if I don't reply, the shared stories, and words of positivity have been extremely uplifting and reassuring :)

submitted by /u/presidentgertler to r/stocks
[link] [comments]