I earn quite well. TC is 800k+. Earlier my TC in the last 3-4 years was in 500k range. I invested a lot of the money over the years into stocks. But i have always lost money, very little overall gain. Have lot 200k in the last 2 years specially. I have lost all confidence in myself as an investor. Thankfully nvidia and couple of other large tech has saved me a little. What should i be doing moving forward ? Accept 200k loss as a bad dream and move on, not invest into stocks and instead may be dump whatever i have into s&p500 ? Lost a lot on affirm, nio, canoo, upstart, ark stocks, some pharma companies too. It hurts when own hard earned money gets lost for my bad decisions and lack of proper investment knowledge
Just invest in VTI and chill. Btw 800k is nice. What's your level YOE and role. I think only 10% PEs make this much at amazon
Yes am a PE, work, hobbies, kids keep me busy. I am not big fan of investments and all that, i do it as its necessary sort of. YOE 17 yrs. When you say VTI you mean every month put part of salary into it ?
I put in (all of my salary - my expenses of previous month) in VTI every paycheck Also I keep this remaining amt in Hysa. Apart from this I have 6 Months of training average expenses in HYSA. What is your NW? My stats: 2M NW, 7 YOE, 780k TC but will drop to 500k in a year as I will cliff.
Been there! Over a period of time, I started investing mostly in ETFs. Eventually, I decided to hire a professional to handle my accounts. It's obvious that I don't have the time or expertise to handle such large sums of money. My portfolio looks better since the takeover
VTI and chill. If you truly had conviction you'd be using options and/or writing algotrading programs. Buying a few stocks and hoping they beat the index is strictly gambling, no different from betting on horse races. Sometimes you will win, sometimes you will lose.
What are your financial goals? If your TC is 800k+, then cash is most likely not a problem for you… unless of-course you’re pissing it away on luxury purchases. Invest in index funds or ETFs: slower growth but less risk. You’ll have grown your money a decent amount to either retire early or really enjoy the fuck out of retirement when you do. Don’t aim for short term gain if you don’t want to be high risk.
No luxury purchases. I lead a simple normal sf bay area life. Kids, family, hobbies work. All normal stuff. Financial goal is to retire by 55 and make sure kids dont struggle to pay for their tuition. Dont have any fancy dreams
Love to hear it! Yeah just invest in ETFs/Index Funds, you should be fine especially with a TC like that even in the Bay Area. I guess you could work towards planning for your kids’ potential college options and how much money you want to allocate to their tuition. Think about the numbers you need to hit for each individual kid. Also, you don’t ~have~ to cover 100% of their tuitions. Keep an eye out on grants, merit scholarships, and loans with decent grace periods.
Best advice would be to forget about the 200K loss and continue to invest in S&P. It’s just matter of time you will easily recoup the loss. I have personally lost 100 k day trading and option trading before making close to 50k in profit. I learnt the lesson and started investing and in 3 years I made over 100 k gains mainly coming from FB & AMZN. All my new investments are only in S&P
Very nice
Dude, stop trading individual stocks. It's a sucker's game. 100% in the SPY ETF (S&P500) and chill. Spend your time and energy on more rewarding things
Thank you, sadly i am learning this the hard way.
That’s not great advice. There’s no guarantees at all when it comes to any stock or index. S&P isn’t immune to the same shortcomings of any other investment. I’m also primarily invested in the SP500 but just know, it’s still possible for the index bubble to burst.
Real WSB energy with this one. Use large ETFs with a low cost ratio. Listen to the great Warren Buffett and recently deceased Charlie Munger.
Which individual stocks did you invest?
Original msg has that.
What was your investment decision based on?
I read seeking alpha and some other publications. Looked at some basic stuff such as sectors the companies are in. Obviously my studies and analysis have been wrong.
Seekingalpha is entertainment at best. Nobody who knows what they're doing is going to give away their secrets without getting a cut. Buy VTI
India
9h
750
What do vegetarian Indians eat for protein?
Tech Industry
Yesterday
3742
1 vs 5 Million - no lifestyle change
Ask Blinders
Yesterday
1069
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
Personal Finance
6h
584
Making finances work for 2M house
AMA
3h
614
I have worked at TikTok US core tech for 3 years. AMA.
Spy and chill