"This market sucks"

I suspect many younger investors are struggling a bit with their tech and growth heavy portfolios. How fast things can change over the course of a year.

One web3 project I’m involved with has a #stocks channel in their Discord. One member of the project proclaimed “this market sucks” in the channel this morning.

Of course, the reality is that this market does not suck right now. The DJIA just hit a record high today. The S&P 500 hit a record high just the other day. On the flip side, the Nasdaq was down 1.33% due to a continuing pullback of tech stocks.

My entire retirement account is in various index funds so I haven’t been in a complete downfall. With that said, my liquid portfolio is very much tech and growth stock heavy and it’s been a rough couple of months. My portfolio sucks right now and it may suck for awhile longer, but I’m not that worried about it.

Truth is, portfolios tend to suck from time to time. Stocks go up, down and sideways often. So yes, my portfolio is sucking right now and it will suck again in the future. In between those periods of sucking are hopefully going to be great periods of growth where I’ll be ecstatic that I didn’t panic sell everything.

The emotional side to investing is tough. Hold on, it’ll suck a lot less in the near future, I promise.