I lost 70% of my account value. Advice welcomed.
My current portfolio allocation is Spy 40%, VTI 30%, VYM 20%, and TARK 10%.
I just switched to this portfolio after losing about 70% of my account value in the last 8 months from holding $Roku Inc (ROKU.US)$ , $PayPal (PYPL.US)$ , $Penn Entertainment (PENN.US)$ , and $Disney (DIS.US)$ . I finally realized the losses in those this past week, and switched to the above setup. But now my acct value is like 1/3 of what it was this past October.
Any suggestions to get me back to where I was in October? Open to hear any ideas. Should I stay in the ETF’s above that I’m in now to try and recover my account value? Or maybe wait the 30-days from selling those ones I was so far down on and buy them again to try and ride those back up? Not sure what the best method would be to try and get my account value back to where it was. I do typically sell covered calls on my holdings. And, I’m using about 40% margin too. Selling the covered calls covers the margin interest I’m paying, but I want to use the margin to hold more stock than I otherwise would be able to. I used it on the way down, so I’m thinking I probably need to try and use it on the way back up also or it’ll take forever to recover the money I lost.
$SPDR S&P 500 ETF (SPY.US)$ $Vanguard Total Stock Market ETF (VTI.US)$ $Vanguard High Dividend Yield ETF (VYM.US)$ $Tradr 2X Long Innovation ETF (TARK.US)$
I just switched to this portfolio after losing about 70% of my account value in the last 8 months from holding $Roku Inc (ROKU.US)$ , $PayPal (PYPL.US)$ , $Penn Entertainment (PENN.US)$ , and $Disney (DIS.US)$ . I finally realized the losses in those this past week, and switched to the above setup. But now my acct value is like 1/3 of what it was this past October.
Any suggestions to get me back to where I was in October? Open to hear any ideas. Should I stay in the ETF’s above that I’m in now to try and recover my account value? Or maybe wait the 30-days from selling those ones I was so far down on and buy them again to try and ride those back up? Not sure what the best method would be to try and get my account value back to where it was. I do typically sell covered calls on my holdings. And, I’m using about 40% margin too. Selling the covered calls covers the margin interest I’m paying, but I want to use the margin to hold more stock than I otherwise would be able to. I used it on the way down, so I’m thinking I probably need to try and use it on the way back up also or it’ll take forever to recover the money I lost.
$SPDR S&P 500 ETF (SPY.US)$ $Vanguard Total Stock Market ETF (VTI.US)$ $Vanguard High Dividend Yield ETF (VYM.US)$ $Tradr 2X Long Innovation ETF (TARK.US)$
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BigBadBear : Patience.
OWY 7558 : Start to buy S&P 500 as you will never go wrong. I have continued buying during last few wk as it dips. Now gaining..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ankur Tiwari OP BigBadBear :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ankur Tiwari OP OWY 7558 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
yellowdude : Yes buy spy for long term profit. Not a financial advise I’m down 50% ytd haha
C T8 : I give no advice but I would exchange my Spy 40% for JEPI 20% and TLT 20% because SPY and VTI have similar movements but JEPI give me high dividends and TLT are T-Bonds that maintain or increase its performance during bear mkts.
m33Lucky : Stocks and shares are very slow assets those with better gain, which means they are volatile margin and leverage are very dangerous tools when used wrongly.
MRPEANUTZ : don't buy options, but shares of a company you have researched and just learn to hodl strong. You only lose of you sell for a loss so never Ever Sell for a loss and do not invest money you can not afford to spend or lose.
Papa Z : the main drop is not start yet. cash out when rebound
AutoXCivic BigBadBear : This is the right answer. Everything is on sale now.
Step one: Buy bigger chunks.
Step two: Wait out bear market while DCAing in.
Step three: Profit.
Investing is a patient person's game.
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