Bought stocks with all my savings...

Feb 22, 2021 645 Comments

The market was down today. So I put all my savings (even my few thousand bucks I have for emergencies) into Door Dash, Airbnb, Twilio and Stitch Fix stocks.

#stocks #investing #doordash #airbnb #stitchfix #twilio

Wish me luck!

Edit: Just wanted to mention - My investment Total Was 228k $

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TOP 645 Comments
  • Facebook
    expendable

    Go to company page Facebook

    BIO
    Everything I can do is purely doable by you as well. Which is why we both are expendables.
    expendable
    ABNB and DASH lol. They have ER on Thursday and will crash.
    Feb 22, 2021 16
  • Amazon
    ToTheCore

    Go to company page Amazon

    ToTheCore
    I would recommend easing into the market, especially when it is as volatile and uncertain as now.
    Search & learn what DCA (Dollar Cost Average) is. Then do it. It provides you stability short term. It also allows you to learn financial concepts on the way— case in point “what is ER?”... would be nice to know this before jumping in the deep end... would be nice to learn when you’re 10% invested, then apply for the other 90%. Good to know what P/E ratio is.

    Don’t want to scare you, but “I’m holding for 10 years” is a good mentality (patience and conviction is critical), but having a long time horizon on a particular equity doesn’t guarantee it will appreciate for you— this is true for ETFs/index funds too for that matter, but their diversity makes it more probable. For reference, since the dot-com bubble in 2000, Cisco stock still hasn’t reached its all time high stock price since then. Cisco. They supply the majority of routers and internet equipment. Both they and the internet have drastically grown since then, yet their valuation hasn’t reached. It’s also a very well run business, just turns out there was a lot of hype then. Again, not trying to scare you. But don’t get sucked into the hype of “everyone is making money, must be a guaranteed.”
    Feb 22, 2021 13
    • Amazon
      ToTheCore

      Go to company page Amazon

      ToTheCore
      2) I am not very knowledgeable. But I continually learn more and iterate. I know some very very basics.

      I try to DCA, but sometimes I give in too— NEVER all-in with my savings in one day. That would be absolutely terrible. As a rule of thumb, if I’m buying/selling a particular stock/equity, I try to avoid exchanging more than 1% of my personal, overall worth in it within the same week. Keeps me honest, saves me from getting burned more than it hinders profits.

      Trying to buy on valuation is hard & time consuming: which dev has the time to read balance sheets/ER? I don’t. Even then, you could be wrong. There’s a whole industry of people whose job it is to do that, and even they struggle. I try to put majority (again, not all at once, DCA) of it in funds that track the SP500. If there’s a specific stock/sector I really like, I’ll DCA a small portion (1-3% at most, over multiple DCA transactions) of my overall portfolio into the stock/ETF.

      DCA is your friend.

      Ease into it. There are a LOT of painful lessons to be learned. It is much better to learn how it feels to lose 50% when you have 1000$ in the game then it is to learn it with all your life savings.
      Feb 23, 2021
    • Amazon
      ToTheCore

      Go to company page Amazon

      ToTheCore
      Some things worth learning on the way:
      - DCA
      - volatility
      - setting buy/sell limits (HUGE safety measure)
      - stop-loss limit (also safety, but use sparingly unless high downside potential)
      - P/E ratio
      - CAGR
      - stock price vs. market cap
      - trading volume (daily or otherwise)

      Don’t try to learn them all upfront and then try to enter. You will be on the sidelines forever, and will enter “the game” with no practical experience. Learn & invest (SMALL at first) in parallel. Again, start very very small, DCA.
      Feb 23, 2021
  • Sold my wife’s car to buy XRP she’s gonna be so happy when she gets home from work
    Feb 23, 2021 4
    • New / Strategy
      atcg

      New Strategy

      atcg
      The divorce is going to cost you exponentially more than what you’ll make
      Feb 23, 2021
    • What if I made negative money? Will the negatives cancel each other out?
      Feb 24, 2021
  • Walmart
    Dubidu

    Go to company page Walmart

    Dubidu
    So you blew up your emergency because market was down. Why?
    Feb 23, 2021 2
  • Wayfair / R&D
    niceshah

    Go to company page Wayfair R&D

    niceshah
    Stonks 101, DONT PUT YOUR EMERGENCY SAVINGS.
    Feb 23, 2021 0