I’ve invested half of my 14 k portfolio. I’m 19, and have the same mentality as all the other young people on here that are inexperienced and wanna get richer faster. And who can blame us? Letting our money slowly grow in VOO doesn’t sound like it’s worth it at all.
I have half of the portfolio all in ICLN. I figured nuclear fusion would take ~30 years and with Biden in office clean energy was inevitable. I have 200 shares at $31 and sell covered calls. My Jan 15 is expiring and I am debating whether or not to sell my stock or sell another 2 feb calls for $470 premium. So tempting.
But time and time again I read about how young investors will learn they can’t beat the market and how huge companies can fall but I just can’t see it. No matter how many examples I read I just can’t bring myself to do that. I always see the company I’m investing in as different than the one that got toppled; and safer (or etf). So how do I truly grasp the concept that big companies can fall before I lose everything to greed?
Submitted January 12, 2021 at 01:13AM by Quicksilver7424 https://ift.tt/3qhhokt
