Was Given $500,000 From Inheritance | Already Lost -$150,000

[FDDOWLING]

I was given $500,000 after my father past away. I tried to do the smart thing and invest it in a solid safe portfolio, but do to the recent pandemic with the corona, I seem to have already lost $150,000 in the stocks. Now i know that this does not mean it's actually 'lost", but I must admit I am terrified. If anyone has had similar experience whats next do i sell and cut my losses or stay in and wait it out!!!

 

[LoganC]

Well, now is definitely a risky time to go balls deep into the market. What stocks are you invested in? Doubt anyone would be able to give good advice without knowing what it is that you're in.

 

[JVRZ]

Just hold if you have a long time horizon.
If your portfolio is well diversified then you did the right thing

 

[MisterF]

I was given $500,000 after my father past away. I tried to do the smart thing and invest it in a solid safe portfolio, but do to the recent pandemic with the corona, I seem to have already lost $150,000 in the stocks. Now i know that this does not mean it's actually 'lost", but I must admit I am terrified. If anyone has had similar experience whats next do i sell and cut my losses or stay in and wait it out!!!

Not sure here if you mean you invested the whole $500k and the portfolio is down $150k. Or you Invested $150k and they have dropped off a cliff.

Irrespective, keep hold of what you have and ride it out, but just don't invest any more money that you can't afford to gamble with.

 

[chn0]

Stay wait it out. Leave it for your kids. Safe would be like gold, silver.

 

[bossofthebosses]

Well I have a 100k USD loan over my head. At least you don't have debts.

 

[BlackGrumps]

First things first dude, get a financial advisor.

Lot's of great advice here from BHW members, but at the end of the day a dedicated financial advisor who really understands your current situation will be your best option.

 

[dotc0m]

No such thing as a "solid safe portfolio" sometimes money is good just sitting there waiting for when you need it. Don't always have to put it to work.

Wait it out and re think your strategy once you come back or even gain, if this type of stuff stresses you out. It stresses a lot of people out seeing the value of that number change, its all part of the risk.

 

[Cloutsy]

Ouch.. I think real estate might be a good option as well as stocks!

 

[Elvy Reza]

real estate is a safe investment in my part of town

 

[Deleted member 1333509]

If you go red or black successfully 3 times at a casino with the remaining $350k you'll end up with $2.8M (~2.5M profit for 10 minutes work)

I don't usually share my best methods like this. Please just keep it between you and me.

 

[Elvlin]

Depend on the company you invest, if you sure they are strong and safe than keep it. You should never ever sell or buy stock/crypto/or any Investment based on fear, or Hype.
Do some research on the company, if you don't understand learn it.

 

[Megaverse]

Best thing to do now is not to freak out. Detach yourself and take a look at things, it will help you make a good assessment.

I don't think it's your fault at all. These are unfortunate times and anything could happen. You gotta got some steel balls to hold. It's not easy, I know but that it's not gonna be the end.

Atm, resist the temptation to chase your loss.

Never a win to get into your head, or a lose to get into your heart.

 

[Nubian Content]

as well as stocks!

Wait what?

 

[Deleted member 1333509]

Depend on the company you invest, if you sure they are strong and safe than keep it. You should never ever sell or buy stock/crypto/or any Investment based on fear, or Hype.
Do some research on the company, if you don't understand learn it.

 

[john1444]

Man, i expect all these to happen the moment the world starts shutting its economy due to covid-19.

In U.S alone almost 4milion people have filed for unemployment benefit. If 60% of businesses around the world were operating it wouldn't be that bad but those measures needed to be taken in order to curtail the spread of the virus.

So it's not new, the stock is only responding to the closure of business around the world and oil crash that sustain it.

The only things that baffles me is how Bitcoin managed to remain stable and I see it shooting up once businesses restart.

At this point, i wouldn't do panic selling because you will lose. Things will definitely turn around once the major part of the world resume operation and business.

The virus has already been nipped in the bud in the developed countries. The third world countries are still managing to keep it under control, most of your money should be back in a few months.

 

[Cloutsy]

Wait what?

He obviously bought and is holding... I would rather Day Trade. Should of specified!

 

[BassTrackerBoats]

Inherited half a million?

Call an CFP and get some legit hands on advice.

 

[NSARtSERVICE]

life is a gamble ,what to say dont put so much there you should start with 10k

 

[FDDOWLING]

Well, now is definitely a risky time to go balls deep into the market. What stocks are you invested in? Doubt anyone would be able to give good advice without knowing what it is that you're in.

My portfolio is so vast sharing it would be difficult.

Just hold if you have a long time horizon.
If your portfolio is well diversified then you did the right thing

Im 25 I have all the time in the world, and my portfolio is incredibly diverse.

Not sure here if you mean you invested the whole $500k and the portfolio is down $150k. Or you Invested $150k and they have dropped off a cliff.

Irrespective, keep hold of what you have and ride it out, but just don't invest any more money that you can't afford to gamble with.

I invested the entire 500k and have lost 150, and holding on seems like a good idea just wait for that up swing.

Stay wait it out. Leave it for your kids. Safe would be like gold, silver.

Gold and silver iv always been interested in that side of safe investing, have you had any luck with it?

Well I have a 100k USD loan over my head. At least you don't have debts.

Yea that sucks Im sorry to hear it.

First things first dude, get a financial advisor.

Lot's of great advice here from BHW members, but at the end of the day a dedicated financial advisor who really understands your current situation will be your best option.

I do have a good financial advisor that I probably need to talk to more. unfortunately I can be skeptical.

No such thing as a "solid safe portfolio" sometimes money is good just sitting there waiting for when you need it. Don't always have to put it to work.

Wait it out and re think your strategy once you come back or even gain, if this type of stuff stresses you out. It stresses a lot of people out seeing the value of that number change, its all part of the risk.

so you saying keep it invested?

Ouch.. I think real estate might be a good option as well as stocks!

Yea I started a home flipping business with a friend, we are just waiting on this corona bull to clear out so we can get back at it.

real estate is a safe investment in my part of town

Yea Im trying to get involved! Have you got any experience with it?

If you go red or black successfully 3 times at a casino with the remaining $350k you'll end up with $2.8M (~2.5M profit for 10 minutes work)

I don't usually share my best methods like this. Please just keep it between you and me.

If you go red or black successfully 3 times at a casino with the remaining $350k you'll end up with $2.8M (~2.5M profit for 10 minutes work)

I don't usually share my best methods like this. Please just keep it between you and me.

lol may be worth a shot!