Google stock disaster...!
Hi all, I have terrible disaster on my head. I buy Alphabet Class C shares last week and almost immediately after stock crashes every day. I am panicking now I buy stock for first time..! Should I sell now? I am suffering terrible loss already ... I will not buy stock ever again
Why would you invest an amount of money that makes you panic if lost into one company?
I thought ai will be good for Google... so I buy all Alphabet Class.C shares. Now I am regretting so bad...
Why would you come to Blind for financial advice
You should probably just sell and use this as a life lesson and move on. You invested too much for your risk tolerance and over extended. Stick to investing in index funds and put some yolo money in individual stocks (think 5% of your total portfolo’s value) once you get a handle on your emotions.
I cannot sell now ... too late I will do tomorrow. I'm so sad and feeling stupid
R u a rajesh?
Buy ETF. Stock picking is not your strength
+100 to this. I bought my first stocks (VT & QQQ) in dec 2021. Market crashed with start of russian aggression in Ukraine in 2 months, so decided not to sell and after some time bought more. ETF and long run works perfectly for new investors.
Why would you buy into all time highs?Just let it go and forget about it. It’ll likely appreciate in the next few years.
I was thinking that the ai will make Google stock higher so I buy, but now I'm regrtting and feeling stupid
Just don’t look at the number and let it run. You sound over extended though.
assuming you bought at ATH, you currently lost around 10% at most. If you don’t think it will go back up, you can recover 90% of your investment by selling now. If you panic at a 10% drop, then stocks aren’t for you. They don’t always go up, if they did, then why wouldn’t everyone put their money into pure equities?
No I buy last week, 2% down If I lose 10%...! Oh my God I don't know what to do then ...!
OP so you put your life savings into one stock?
Can you tell us which stock you plan to buy next?
I am done with stock now, I suffer financial ruin already too much ...!
Why didn’t you buy Wayfair? It’s up 20% in the past 5 days!!!
...! I sell all my Wayfair grant to buy Alphabet Class C share..! I am so regretting now...!
How much down are you? Also sell covered calls. Also, this post sounds like a troll.
Thank you all. I will sell all tomorrow and face wife tonight..!
Don't sell, just hold and it will go back up in the next few months. The market is reactionary and is reacting to Gemini image generation failures, the fundamentals of the ads profit that drive Google hasn't changed in the last week, it'll still do well for a while. Sell once it's back up.
Looks like your worst fear is not loosing your life savings 🤣🤣🤣 Relax. Google is not going anywhere. But who will bet their life on stocks, however financially savvy they are.
Buy more
I don't have money anymore ...! I buy all Alphabet Class C share