The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:
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Requests for advice and / or encouragement. On basically any topic and for any scale of problem.
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Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.
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Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.
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Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).
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It's me again the guy who posted here three weeks ago about investing his small and modest trust fund into the stock market. Yup.
https://www.themotte.org/post/1695/friday-fun-thread-for-february-21/300977?context=8#context
I bought at the literal peak and feel like shit.
I'm angry at Donald Trump, myself, but most of all at the market for not pricing in Trump's clearly telegraphed idiotic decisions.
I picked the absolute worst date to start investing in the last three years and am experiencing no small amount of self-pity. Others at least get to have a few months of being in the green. I had one fucking day.
I put 16,000€ into the S&P 500, 500€ into Nvidia, 1,500€ into tech ETFs, and 500€—I shit you not—into an S&P 500 10x leveraged option trade I did for entertainment. Lost it all, of course.
Overall, I'm down 2000€ (~15%) right now.
I have no income stream to buy the dip with, as I'm still a student. I never had more than 2000€ in my bank account before this. I wanted to be really dilligent about not spending this money.
Woe is me. I know the market will recover, this is just a blip on my journey, all that bullshit. Still, it feels awful knowing I could have just waited one week. All that time researching Bogleheads stuff, and now I'm left wondering if I got in right at the end of the gravy train.
I still believe in my reasons for investing (I'm convinced AI will lead to an extra 1 percentage point of growth year over year).
But goddamn. My whole family was against me doing this (the money was in gold before), and ah man, it's all so fucking unfair.
(Yes, I'm a whiny upper-middle-class student who doesn't have a job, but hey, hedonic adaptation and all that. My problems are just as real as those of you who are less tall and handsome.)
You can't time the market, you should come up with a strategy of investing X of your income every Y months and completely ignore the stock numbers. As for right now, don't panic sell.
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