This Is EXACTLY Why We Tell People NOT To Buy Individual Stocks!

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[HugoBergmann-lund]

I stopped listening and taking stock recommendations from these Youtubers, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, so you see I’m often in the red.

[ClaxtonBay]

Selling well know stocks that WILL Rebound while they're down 50% is a horrible idea. Dave would NEVER say that about Mutual Funds. Just keep the money where it is and invest in Index funds going forward. Alibaba and Netflix WILL rebound over time.

[minekazik]

His fault wasn't him investing in individual stocks, but investing the money he needs in the near future.

[hoverboardfly]

The problem is not that the caller invested in individual stocks. The problem is that he invested in individual stocks with money that he should not have invested. The money he needed to buy the van should have never been put in stocks in the first place.

[mattcollins]

What happened to the advice "no one gets hurt on a roller coaster unless you get off in the middle of the ride?"

The loss is only on paper. Wouldn't it be more prudent to wait for it to come back up before cashing out?

[frankhernandez]

I disagree with Dave on this one! Selling stocks right now at a guaranteed loss is an absolute no go!

[jsr]

Investing in individual stocks is totally fine if you are investing long term (5-10 years) in companies you believe and RESEARCH A LOT in

[macromancer]

Sometimes I think DAVE wants his listeners to do something really stupid (like sell stocks right now) just to punish them for making a decision outside his program. That they deserve to loose money because they didn't follow his advice. There are a lot of times I think Dave is spot on, then there are times like this when I think he's an idiot. No matter who you follow for financial advice never never "drink all the Kool-Aid".

[AudraZapoticky]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are

[blackworldtraveler]

Dave was into get rich quick activities .
I invested in individual stocks years ago as low as $3 starting with companies like Exxon and Walmart in the 80s. Now I have over 30 stocks in my portfolios long term that are mostly oil/gas, REITs, tech, and Dividend Achievers. Prefer ETFS over mutual funds.
Already have the cash for my next used car, home remodel, travel, etc.
Cash for recessions and whatnot, large emergency fund, and zero debt.

[MRDDev]

I know he did wrong but telling him to sell right now is the worst advice ever. Dude needs to wait.

[Upscreen]

I’m interested in investing in alternative assets but not sure how lucrative. I'd appreciate insights on their risks and potential rewards anyone.

[swanseawales]

Would love to see more information concerning Dave’s mutual funds that he keeps hyping up even in these dark days.

[drn]

I love when they start out "I follow your plan totally and It worked great". Then they go right into how they didn't follow the plan.

[nabeelykhan]

Why sell and not just hold on and build up more cash to replace vehicles and then invest in index funds? I can’t see why you would just willingly put the nail in the coffin on a portfolio by selling it when it’s down 50%

[vinnieboombotz]

Buy high, sell low. Not the brightest idea Dave.
Hold future purchase on individual stock. Watch them carefully. Start investing in more diversified mutual funds or ETFs.

[DEBattleMage]

If he was buying index funds around the top, he would still be down today

[krobdawg]

Dave always says the only ones that get hurt during a rollercoaster ride are the ones that jump off yet he is telling this guy to jump off

[Lilbit]

Dave is sitting there acting like index funds haven't been down as well smh everything is down Dave nothing is exempt

[wickedbird]

Part of the problem was the caller invested in single stocks for a short term investment. Now he needs the money and the stock is in a low period.