The below information was posted on a Reddit today
Anyone long-biased with moderate-high exposure to tech is down significantly more than S&P500 right now. Not the end of the world. Tech could go up 30%+ in a good year. This entire shitshow could be wiped away and just be a blip on the radar in hindsight.
Too easy to get caught up in the moment. Investing in companies like $GOOG, $MSFT, $AMZN looks ugly right now. The underlying businesses are in as good of a position as ever. They continue to print money. Tech is an unstoppable force.
If you're playing short term then yeah get bearish. If you're worried about your long term holdings, that's where it gets irrational. In 5-10Y we'll look at Q4 2022 as a great buying opportunity, especially high quality tech.
https://www.reddit.com/r/wallstreetbets/comments/yklumk/60k_in_a_couple_of_hours_thank_you_powell_3/iuvmwak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3
Too easy to get caught up in the moment. Investing in companies like $GOOG, $MSFT, $AMZN looks ugly right now. The underlying businesses are in as good of a position as ever. They continue to print money. Tech is an unstoppable force.
If you're playing short term then yeah get bearish. If you're worried about your long term holdings, that's where it gets irrational. In 5-10Y we'll look at Q4 2022 as a great buying opportunity, especially high quality tech.
https://www.reddit.com/r/wallstreetbets/comments/yklumk/60k_in_a_couple_of_hours_thank_you_powell_3/iuvmwak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3
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