- This topic has 17 replies, 2 voices, and was last updated 6 months, 2 weeks ago by already_night.
- Saturday, May 14th, 2022 at 09:30 #272745Certain_Economist548Participant
I got a new position with my company about 18 months ago making waaay more than my old position. Enough to actually invest some money instead of living paycheck to paycheck. told myself “I’m going to invest hard!” And I did.. 30% of every check starting about 14 months ago.
This is where I stand today after 1 year:
HOOD -72% Average down when I can
SDIG -91% Average down when I can
BTC -40% $20 per week contribution for 12 months
DODGE -81% $20 per week contribution for 12 months
ETH -44% $20 per week contribution for 12 months
LTC -78%. $20 per week contribution for 12 months
TD AMERITRADE IRA ACCOUNT:
Jan 3rd 2022 had $13,220
After contributing $100 per week all year
May 13th 2022 had $12,900
TD AMERITRADE STOCK ACCOUNT:
Jan 3rd 2022 had $5,385
After contributing $50 per week and trying to average down all year
May 13th 2022 had $4,052
401k through work:
Contribute 5% of paycheck to traditional 401k and 5% to ROTH 401k
As of May 10th: $12,700 total for both accounts
Down 26% YTD
I don’t know how to win I guess.. My timing was bad. I don’t know. my goal is to just buy and hold everything for 17 more years but those numbers suck. They suck more every day. It’s pretty disheartening. 1st year investing a large amount and I’m down over 50%..
thats what sucks…now you know.
I hope my situation isn’t your situationSaturday, May 14th, 2022 at 09:34 #272750Uddha40k
I wouldnt state any actual amounts because scammers.Saturday, May 14th, 2022 at 09:36 #272751w00tangel
Such is the nature of economic cycles.
If you started in some other year, you’d be amazed with your gains.Saturday, May 14th, 2022 at 09:38 #272755Kira__________
DittoSaturday, May 14th, 2022 at 09:39 #272747BoogerSugarCubes
You have discipline, which is the hard part…
Stick with your long term goals. You will be better than most, even if it doesn’t feel like it at the moment.Saturday, May 14th, 2022 at 09:40 #272752pacmandaddy
I wouldn’t state any specific figures either, but my opinion is that since the OP has stated that they are in it for the longterm, 17 or more years, then the OP has nothing to worry about, imo. Markets go through different cycles, and we all know how the market currently is. It wont always be like that.
Just keep doing what you’ve been doing and in 17 years from now, you’ll be happy. That is my opinion and should not be considered financial advice.Saturday, May 14th, 2022 at 09:40 #272748bpmccaff
Tough times man, but unless this is truly the end of our current financial systems, and then we have gigantic problems anyway, you should be fine in your timeframe. Keep investing but only in solid projects and most will turn out OK. It has ALWAYS bounced back and gone higher before (the stock and crypto market as a whole i mean). Maybe you took on a bit too much risk at a bad time, so adjust your plan if necessary, but hang in thereSaturday, May 14th, 2022 at 09:41 #272761RimpleDick
NoSaturday, May 14th, 2022 at 09:44 #272753newbonsite
Ye I’m pretty much in the same boat as you ,I agree it does suck but I’m hopeful for good returns in the future as I also plan to be in long term …Saturday, May 14th, 2022 at 09:44 #272756Sketchy-Lefty25
When the market goes up and stay up, you’ll be fine. Bad timing with just recently getting in but it’ll eventually go up.
Stick to your plan, Good luckSaturday, May 14th, 2022 at 09:44 #272749OVERTIME003
just know that there is someone somewhere in the worst situation. It will eventually get better.Saturday, May 14th, 2022 at 09:45 #272757bny192677
Bear market sucks , no such thing that always green
One of your biggest mistakes was putting money into the shitty RobinhoodSaturday, May 14th, 2022 at 09:46 #272746jakekick1999
I would start by getting everything out of Robinhood. Not the best exchange there is out there. Literally anything else than Robinhood.
Then your “DODGE” which I assume is DOGE, was just not the best idea. Don’t DCA into a meme coin. Sure maybe a 10 or 20 like a gamble but do not DCA.
Start accumalating into BTC and ETH. That is the best thing to do in the market.
Know that all markets took a hit. There is nothing you could have invested that would have spared you from the past weeks bloodbath.
And pat yourself for not having UST. You have made decent calls. It will all come aroundSaturday, May 14th, 2022 at 09:51 #272758Socialinfluencing
I wish I could pretend to know where you’re at, but only you will know. Thing is, investing in crypto is a cyclical thing unless you’re talking Btc/ Eth then you will keep going up after halving events, but nobody knows what’ll happen in the future. Just start to look at patterns, no matter how future proof someone tells you something is, in this market very few projects ended up being that.Saturday, May 14th, 2022 at 09:54 #272754l33tTA
You dont know to win because you only buy trash.
Dollar cost average a % of your salary into crypto, 50%+ btc 20% eth and rest shit coins, then do it every week or every other week or every month until forever ish.
Also you probably bought the top of the frenzy and not way way earlier.Saturday, May 14th, 2022 at 10:05 #272762already_night
Perhaps consider changing your strategy. Never buy when the fear greed index is high. Buy a lot when it’s in fear. I found it the best way to always be in profit. I don’t DCA during euphoria times.Saturday, May 14th, 2022 at 10:05 #272759BallsackTeabag
Too late to the party, you made people richer and yourself poorer. Thats why you need to do some due diligence before you invest money you can’t afford to lose. See it at a lesson where the tuition was the amount you lostSaturday, May 14th, 2022 at 10:16 #272760PrinceZero1994
Some people have dumb luck so the others are gonna be unlucky. That’s the way of the universe to balance things.
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