Falling

Been a bad two weeks. As you probably know, the stock market hasn't been doing so well, and I guess its as good a time as any to update y'all(yay me working on adopting a souther accent) on my positions.

So, I moved brokers once everyone(or at least most of them) went commission free, so this isn't from the very start, but I took my profit and used just my initial investment to reinvest so % should be pretty close to as if it was when I started.

Overall, I'm down 17% right now. Not so good. But eh, I'm in this for the long term so I got time to wait for it to bounce back up. Luckily I don't need access to any of that money for quite a while.

My worst performing stock is AAL(American Airlines) by far. Almost at -50% on it. But it accounts for less than 2% of my portfolio right now, so not much to worry about there. I also have a substantial percent of my portfolio in a hospitality(hotels. etc) company, and thats not going so well. Hotels and airlines being hurt a lot by COVID-19 and it shows. Luckily I wasn't in any cruiseliners.

I had bought a few bond etfs in order to diversity a bit earlier and right now they are one of the better performing investments I've got. Nothing is green, but they are the least red.

Everything else is in the middle. I've got a few tech stocks, and a few in the banking game, but other than that most of my money is in ETF's. Gotta play for the long term right?

Do I expect this to bounce back? Yes, but not soon. Corona is going to affect things for a while and until that is mitigated, we won't be making any gains from investing. Trading on the other hand, might work. Time to read up on options and do what the users of r/wallstreetbets are doing and YOLOing all your money on SPY puts. Steem needs our own version. Someone start up a community or else I'll do it myself.

_{None of this should be taken as financial advice. I'm not a financial advisor. Remember that investments can lose value and you should only invest what you can afford to lose.}

Posted via Steemleo