Triplesss

5y

one the worst thing you can do in the field of stocks is not having a diverse enough portfolio. Your portfolio should have balance as in if one stock declines the others with be able to keep up the dead weight so you don't completely go broke. Don't put all your eggs in one basket.

Also don't pull out your money. (unless the given nature of whatever business it is is going under or failing badly) Whatever you do. It will climb eventually. It's the nature of stocks. You're giving yourself losses by not sticking it out.

Of course this is just my advice on how to handle something like this, up to you to make your own decisions. I'm just giving you advice that people who mentored me passed on. Good luck bro

Cody

5y

damn I wish my family had that kind of money just to throw into investing
anyways what do you mean by "bags"?

PNW

5y

We’ve already diversified to certain extent and my fathers hasn’t pulled out of his stocks with major losses, but it sucks they aren’t going anywhere

jozen

5y

50k loan

cmon bro

Triplesss

5y

thats the nature of day trading man. One of the riskiest forms of trading. Something like a mutual fund is a better option if you're not trying to risk anything. You'll see slow increases but over time it piles up

lucky star

5y

Honestly I don’t typically recommend pulling out, but it seems you’re already down pretty badly. If you keep it there and ER results in a bad performance, your losses could be even more severe.

PNW

5y

To add salt to the wound:

• He ACCIDENTALLY invested 16,000 into the wrong stock (JNUG) when he was gonna but JDST

• My mother got $18,000 in unemployment but all of that went into stocks

• Half of the money I got from selling my car ($5000) went into cryptocurrency, not as worried with that one though. Also this because my dad insisted me to do it

PNW

5y

To add salt to the wound:

• He ACCIDENTALLY invested 16,000 into the wrong stock (JNUG) when he was gonna but JDST

• My mother got $18,000 in unemployment but all of that went into stocks

• Half of the money I got from selling my car ($5000) went into cryptocurrency, not as worried with that one though. Also this because my dad insisted me to do it

PNW

5y

That’s what I’m saying about our current investment in NAT, the ER will be out tomorrow morning and I’m worried as s***

lucky star

5y

Honestly I don’t typically recommend pulling out, but it seems you’re already down pretty badly. If you keep it there and ER results in a bad performance, your losses could be even more severe.

You Disappoint Me

5y

OP'S DAD

lucky star

5y

Bro y’all invested your mom’s UNEMPLOYMENT checks?!? At this rate you won’t even be able to afford posting on KTT2 in a few weeks

jozen

5y

accidentally?

looks like your father shouldn’t handle anymore of your family’s money, at least not without the rest of the family’s input first

boylife

5y

this why investing in the stock market ed

Olivear

5y

White people problem