I chose to take on a high level of risk when I started an individual brokerage account in 2021 to invest extra money. At the actual peak of the tech bubble, I made a significant investment in growth stocks. I was down fifty thousand and fifty percent at my lowest. I only purchased and held stocks. It was awfully timed. never made a sale. Right now, I’m in the green. I simply wanted to celebrate. At least my heart is hardened against future downturns, but I could have been much wealthy if I had simply invested everything in VOO.
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How is this even possible? Just buy VGT, it typically outperforms the S&P 500 and is primarily focused on tech.
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Examine the cathe wood. Arkk is still 70% down.
My account was down 57%, or 330k, from 2022 to September. By July 2023, it had recovered completely, but I mostly sell puts, so I had sold all the stocks that were causing the decline. Since then, it has recovered more than 400k.
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Yesterday, I made a similar move. deposited more than $10,000 into a Fidelity Software fund approximately four years ago. Number-wise, it has increased by $400 over the course of its existence, through COVID-19, and back again. The plug was pulled.
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Haha, from the start of 2022 to September, my account was down 57%, or about $330K. By July 2023, I recovered all of it, but I mainly sell puts, which resulted in getting assigned all the stocks during the drop. Since then, I’ve made over $400K. I’ve learned that selling a large number of puts on single stocks isn’t worth it compared to ETFs, but I’m still holding short puts on AVGO and NVDA.
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That’s frustrating, it’s difficult to witness such minimal growth after waiting for so long.
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What are your biggest holdings in that account?
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At 12.7%, the only stock is unquestionably Nvdia. Amazon comes next, followed by Crowdstroke.
Since April of this year, the majority of fresh money have been invested in VOO, which is 12%.
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How could you lose that much with those 3 wonderful players?
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I had a bunch of losers too.
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Congrats, 
, it can certainly be challenging to hold on in those situations.
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In 2021, what did you purchase? My January 2021 tech-heavy account has increased by almost 70%. It will be up 111% if Baba and Bidu are not present.
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I am glad you’re well. For this reason, it is said that you should only invest money that you can afford to lose or won’t need for a long time. The fall that both VTI and VOO went through during that time also shows that investing in a broad market index fund is a method to reduce risk, but not completely remove it.
I was in a similar situation. My 2021 investment of $100,000 eventually broke even a few months ago, and it has now increased to $110,000. If I still haven’t dropped 35% on Shopify, it would be even better. At one point, I was down 60%.