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Topic	Stock Topic 31
red sox 777 07/15/21 2:56:42 PM #283:	Zachnorn posted... I was told to drop about 50k into stocks all at once and decided to just drop in about 5k instead. I'm so glad I hesitated. I've lost about $500 this week (on about 20k of investments) which is bad, but not horrible I guess. I'm thinking I just continue dollar cost averaging for now into ETFs. I've been burned on gambling on RCON, SOFI, and GME, so I might take a break from stock picking and just toss money into my M1 pies that mostly have ETFs based on indexes. Yeah, I know the theory says that if you don't believe you can time the market, it's better to throw everything in to the market at the outset, but psychologically that can be quite problematic. I think it makes sense to work with smaller amounts until you have a good feel for the volatility and you can avoid panic selling. I am pretty bullish on SOFI and will probably be adding to my position in the near future. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:956113125] in Stock Topi... [t:79521088]...</cite> <quote>Zachnorn posted... </cite> <quote>I was told to drop about 50k into stocks all at once and decided to just drop in about 5k instead. I'm so glad I hesitated. I've lost about $500 this week (on about 20k of investments) which is bad, but not horrible I guess. I'm thinking I just continue dollar cost averaging for now into ETFs. I've been burned on gambling on RCON, SOFI, and GME, so I might take a break from stock picking and just toss money into my M1 pies that mostly have ETFs based on indexes.</quote> Yeah, I know the theory says that if you don't believe you can time the market, it's better to throw everything in to the market at the outset, but psychologically that can be quite problematic. I think it makes sense to work with smaller amounts until you have a good feel for the volatility and you can avoid panic selling. I am pretty bullish on SOFI and will probably be adding to my position in the near future. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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