I am 21 and have 24k in stocks. I've been invested for about a year and a half now. I am up about 25%.
I know the right thing to do is stick it into index funds and let time do its thing. However, I can't stop the feeling of wanting to yolo.
I can't shake the feeling that my portfolio is too small for any gains to be significant short term unless I yolo.
Like for example, I bought WEED with 10% of my portfolio back when it was $37 CAD. If I wasn't so risk averse and put more money in it, I would be a rich mofo right now. Instead, my portfolio is up only 4% even though the stock went up 50%.
and 4% is about $1000. I should be happy that it went up but at the end of the day, $1000 is honestly chump change in the grand scheme of things.
If I was managing something like 100k, I would be happy with it. But with 25k, nothing feels "worth it". You know how you read stuff like "don't put more than 10% of your portfolio into one stock". Does that apply even if your portfolio is small?
Thoughts?
Submitted August 29, 2018 at 06:33PM by FreelanceFifty https://ift.tt/2on4bJ2
