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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Hey it's me the guy who encouraged you to use leverage.
You mention Bogleheads so I'm sure you know holding is the best move. Do not sell. Your family's advice was garbage and mine is good: do not sell. The S&P 500 is a good investment, though I personally prefer VTI!
Some are claiming this was the fifth-fastest selloff since 1950! Wow! Lick your wounds. What happened to you was marvelously unlucky. Keep in mind that all we've done is return to price levels last seen in September, a mere 6 months ago. I put a slightly smaller amount of money aside in its own account when I was your age and have never touched it, and it's been magical watching it grow.
I do still believe you should learn to trade derivatives with a responsible portion of your wealth.
Definitely not planning to sell. Sadly, my play money got burnt up by the sudden downturn, I wanted to use it to learn and do slightly riskier things. Cant afford that any more.
So ... done, and done? Congrats!
It sounds like I'm mocking, but I'm serious. My first investment account was a whopping 4 figures of "play money", split between one stock that promptly quadrupled and another that went bankrupt, and I'm really glad I got a nice lesson in diversification well before it was time to invest with kids' college money.
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