stermy4u@lemmy.world to Technology@lemmy.worldEnglish · 9 days agoSpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishestownflex.comexternal-linkmessage-square104linkfedilinkarrow-up1570arrow-down115
arrow-up1555arrow-down1external-linkSpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishestownflex.comstermy4u@lemmy.world to Technology@lemmy.worldEnglish · 9 days agomessage-square104linkfedilink
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down2·8 days agoI agree that it was dumb for people to buy SpaceX, especially with the lack of any voting power. That said, it’s dumber to sell stock when it’s down.
minus-squarevandsjov@feddit.dklinkfedilinkEnglisharrow-up1·8 days agoDepends on if the stock will continue to go down… recover what can be recovered before it’s too late. It’s a risk both ways
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days ago Depends on if the stock will continue to go down No one can know that, though.
minus-squarevandsjov@feddit.dklinkfedilinkEnglisharrow-up3arrow-down1·8 days agoThat’s why I wrote the last sentence :-)
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkEnglisharrow-up2·8 days agoI get that, but the rest of your reply suggests that you think people should try and time the market, which is patently absurd. :)
minus-squareBeMoreCareful@lemmy.worldlinkfedilinkEnglisharrow-up1·7 days agoIt depends if you don’t mind throwing the money away, or waiting thirty years for it to catch back up.
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkEnglisharrow-up1·7 days agoOr you can dollar cost average your way to a more workable position over time. In investing patience is a great thing.
I agree that it was dumb for people to buy SpaceX, especially with the lack of any voting power.
That said, it’s dumber to sell stock when it’s down.
Depends on if the stock will continue to go down… recover what can be recovered before it’s too late. It’s a risk both ways
No one can know that, though.
That’s why I wrote the last sentence :-)
I get that, but the rest of your reply suggests that you think people should try and time the market, which is patently absurd. :)
It depends if you don’t mind throwing the money away, or waiting thirty years for it to catch back up.
Or you can dollar cost average your way to a more workable position over time.
In investing patience is a great thing.
That’s what I said?
Not exactly, no.
But, basically yes