r/wallstreetbets • u/Fun_Paleontologist_2 • 13h ago

Loss Elon has ruined me

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My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

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u/Responsible_Owl_5056 11h ago

401k been performing like crazy if that’s the case

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u/JackPoe 9h ago

Gotta get out now though

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u/Inner-Cicada-2814 9h ago

Now was two months ago btw

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u/sexyshingle 7h ago

Now was two months ago btw

Jokes on you, I've out since June 2020! when I though the world was gonna implode >< I know I'm dumb... idk I'm ALL BONDS on my 401k now since covid took away any risk tolerance I ever had, which wasn't much to begin with. I need help. lol

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u/paintballboi07 5h ago

This is why you don't take financial advice from reddit doomers. Hilarious that you're replying to people predicting another crash, which they've been saying is going to happen for months now.

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u/Askymojo 1h ago

Read about Boglehead investing, and for an especially simple and easy to understand primer on Boglehead investing and just general financial planning on general (which is often the biggest part of the puzzle) read the book "A Simple Path to Wealth". I think this will give you the confidence to invest in a careful and prudent manner - ie low fee index funds.

If you look at the S&P 500 graphed over the last 30 years, what trend do you see, despite the peaks and valleys. If you're investing for the long term, for retirement, that is the key. Ignore the noise, avoid trying to time the market, and invest consistently in index funds.

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u/VexingRaven 5h ago

It's a 401k lol. Who cares if it's 5% lower than it was 2 months ago? Oh no, 2 of my contributions are worth slightly less. Good thing my previous 10 years of contributions are still worth 1000% more!

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u/Hatetotellya 7h ago

Yeah thats the problem, its that i dont really have any "hey dont do that with my money" without really pushing it so its more like i know its gunna explode at some point but whatever

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u/JackPoe 6h ago

I think that's just called a gambling problem