Sold my stocks earlier this year. I had to forcibly divest from my 401k last year when I got fired from my previous job, so I had that too. But the rest of my funds were in 1 stock. It went up a lot and I doubled my money, so I sold. Then it kept going up, to the point I would've tripled my money, but I couldn't bear to buy in, especially because the stock was of the company that fired me. So I had like 15 grand in my fidelity account and decided to reinvest. I bought a ton of AUR stock (self driving truck company) and it was doing well but has since dumped. Luckily I'm only down less than 10% there. But the real fuckup is that I took my 401k money and put half of it into LUCID as it was pumping. I watched a video about how good their tech was and thought it was a no brainier. Saw how low their stock was relative to past highs and thought no way it could go lower. Well, it has gone lower. I'm probably down somewhere between 2 and 4 thousand from where I was earlier this year when I was all cash. I'm scared. I don't know whether I should keep holding or I should panic sell. I've been worried about a market crash for years but everything just keeps going up, but now I fear it might finally happen. Should I panic sell now and take my losses, or hold and hope that the self driving company and EV company take off in the near future?Is there something better I should invest in?
you only have 15k. dont want to shit on your investing plans but before you even have something remotely close to 100k you shouldnt even waste much energy on that topic. put that money into spy and concentrate on your own skill set/job/saving rate
You need to sit on cash. Being constantly in an investment is not the answer. Sometimes sitting in cash is the answer. Interest rates started to decline. The stock market is about to decline too with everything else. 2026 will be a bear market. Sit on cash until stocks, crypto, commodities are cheaper. You don't have to constantly be invested sir
>>61232947Yeah for real. I was reading along with the entire post until that point. 100k is the tipping point because it’s enough money to actually be scared of losing. 15k is nothing, you can save that in a year if you’re smart.
>>61232858>I had to forcibly divest from my 401k last year when I got firedI like how you started out your story with things that didn't happen. Very cunning.
