Entire stock portfolio down 50% in one year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.

What’s that?

Not Cathy this is a Motley Fool rec list

Yep, spot on. DH follows Motley Fool.

Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home.

Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills.

I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it.

Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).

Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house.

What area? Rapid growth recently has been in places dependent on WFH continuing

Austin (rollingwood)

Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance.

It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money.

I don’t think so. We are one mile from downtown
Zillow estimate is 1.9, 1.7 is conservative.

So you both suffer from Hubris. Who the F cares about downtown anymore?

Austin isn't going down. A lot next door just went pending for 2.2.

Oh, well then. You have proven there is no bubble. Carry on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.

What’s that?

Not Cathy this is a Motley Fool rec list

Yep, spot on. DH follows Motley Fool.

Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home.

Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills.

I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it.

Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).

Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house.

What area? Rapid growth recently has been in places dependent on WFH continuing

Austin (rollingwood)

Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance.

It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money.

I don’t think so. We are one mile from downtown
Zillow estimate is 1.9, 1.7 is conservative.

So you both suffer from Hubris. Who the F cares about downtown anymore?

Austin isn't going down. A lot next door just went pending for 2.2.

Oh, well then. You have proven there is no bubble. Carry on.

Well we bought for $600 6 years ago. But carry on your point that it was idiotic and I made a bad decision.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don’t your employers manage your 401Ks?

Huh? What in the world are you talking about.

NP but, I’ve never been able to invest my 401k in stocks. Only in mutual funds that were pre-selected by my employer

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t your employers manage your 401Ks?

Huh? What in the world are you talking about.

NP but, I’ve never been able to invest my 401k in stocks. Only in mutual funds that were pre-selected by my employer

DH rolled them into an E-Trade account and changed the allocations from funds to individual stocks. The one down the most is from March 2021 when it rolled in. Down 50%. So angry at these stock picks. Hw could have picked some major tech companies with long term growth potential. These all seem like trendy random companies aside from the 2 or 3 I have heard of.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You've got to be an absolute bozo dumbass to be down 50% in individual tech stock picks.

AMZN down 4.36
NOW up 3.51
ZS up 6.7%
CSCO up 12.53


My main ETF QQQ up 2.92

Seriously what in the hell tech stocks are people invested in that they are down 50%??

They are all listed in the thread. All Motley Fool picks.

I didn't read through thr thread. However when picking tech stock I personally don't GAF what motley fool says. I'm in tech and I watch technology. OPs husband is in tech. I Hvr no idea how someone in the industry can F this one up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok. Yah. Luckily we have 1.5mil equity in RE but I’m scared of what he’s done. Totally reckless. We are late 30’s, 2 kids. I told him I am taking over finances from this point forward. He won’t switch out the stocks he’s in now but from this point forward it’s going to be all conservative choices. Unfortunately he basically gambled away our 401k doing this.

You are in your 30s, have 1.5m in real estate equity, and you're scared?

Also, he didn't gamble away your 401k. He lost 50% of the value, but it easily could rebound in the 20+ years you have until retirement.

Your husband is right about you. In fact, you may not be a fool, you may be a blithering idiot.

I bet all the men, who are statistically and biologically are more programmed to risk, are okay with this generally and it’s a bunch of low info women who are aghast. That’s a huge generalization, and I know I sound like a dck, but really it’s probably true.


It’s always part of the reason there is a salary imbalance between men and women. Men straight up advocate harder for themselves and take more risks.

Just leaving it here. https://www.cnbc.com/2021/10/27/why-women-get-better-returns-on-their-investments-than-men.html

[Anonymous]

Is this 50% from the peak or 50% of what he has put in? A lot of my growth stocks have lost 75-80٪ from their peaks but that doesn't mean I've lost that much. Plus most of my money is in vtsax to balance it out

I still think you're better off holding especially if in 401k since you can't tax loss harvest either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t your employers manage your 401Ks?

Huh? What in the world are you talking about.

NP but, I’ve never been able to invest my 401k in stocks. Only in mutual funds that were pre-selected by my employer

The employer does not manage the 401k. All 401ks are self directed. As the administrator (my ERISA knowledge is a little rusty), they have a fiduciary obligation to offer a reasonable selection of investment options (ie, mutual funds). Many, though not all, will offer a window through which someone can purchase individual stocks. Regardless, it is the 401k participant who chooses where, within the group of options, their money goes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok. Yah. Luckily we have 1.5mil equity in RE but I’m scared of what he’s done. Totally reckless. We are late 30’s, 2 kids. I told him I am taking over finances from this point forward. He won’t switch out the stocks he’s in now but from this point forward it’s going to be all conservative choices. Unfortunately he basically gambled away our 401k doing this.

You are in your 30s, have 1.5m in real estate equity, and you're scared?

Also, he didn't gamble away your 401k. He lost 50% of the value, but it easily could rebound in the 20+ years you have until retirement.

Your husband is right about you. In fact, you may not be a fool, you may be a blithering idiot.

I bet all the men, who are statistically and biologically are more programmed to risk, are okay with this generally and it’s a bunch of low info women who are aghast. That’s a huge generalization, and I know I sound like a dck, but really it’s probably true.


It’s always part of the reason there is a salary imbalance between men and women. Men straight up advocate harder for themselves and take more risks.

Just leaving it here. https://www.cnbc.com/2021/10/27/why-women-get-better-returns-on-their-investments-than-men.html

That article confirms what PP said.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.

What’s that?

Not Cathy this is a Motley Fool rec list

Yep, spot on. DH follows Motley Fool.

Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home.

Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills.

I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it.

Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).

Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house.

What area? Rapid growth recently has been in places dependent on WFH continuing

Austin (rollingwood)

Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance.

It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money.

I don’t think so. We are one mile from downtown
Zillow estimate is 1.9, 1.7 is conservative.

So you both suffer from Hubris. Who the F cares about downtown anymore?

Houses in your neighborhood are up 4x in value in the last 8 years.

https://www.zillow.com/homedetails/4820-Rollingwood-Dr-West-Lake-Hills-TX-78746/29327903_zpid/

For example. You really did buy your house for like 500k in 2012, right? And now your DH has translated that luck as skill in his mind.

Austin really does seem MORE expensive than DC, which only happens when you have a bunch of CA equity locusts throwing around money wiley niley. Your income is insufficient to buy your current house; most people who Austin aren’t making that kind of money.

Our income is between 475-650k with kids in public. It supports higher than a $200-300k mortgage.

[Anonymous]

Anonymous wrote:Is this 50% from the peak or 50% of what he has put in? A lot of my growth stocks have lost 75-80٪ from their peaks but that doesn't mean I've lost that much. Plus most of my money is in vtsax to balance it out

I still think you're better off holding especially if in 401k since you can't tax loss harvest either.

For my personal account which he rolled over in March 21 it’s down 50 percent. Very frustrating. He said these are long term picks. I just don’t agree. Bad choices and gambling in my opinion. He bought at the highest point. They have been down all year with the exception of one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.

What’s that?

Not Cathy this is a Motley Fool rec list

Yep, spot on. DH follows Motley Fool.

Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home.

Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills.

I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it.

Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).

Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house.

What area? Rapid growth recently has been in places dependent on WFH continuing

Austin (rollingwood)

Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance.

It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money.

I don’t think so. We are one mile from downtown
Zillow estimate is 1.9, 1.7 is conservative.

So you both suffer from Hubris. Who the F cares about downtown anymore?

Austin isn't going down. A lot next door just went pending for 2.2.

Oh, well then. You have proven there is no bubble. Carry on.

Well we bought for $600 6 years ago. But carry on your point that it was idiotic and I made a bad decision.

This doesn't prove there isn't a bubble. All it means is you got in on the game of musical chairs early enough.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is this 50% from the peak or 50% of what he has put in? A lot of my growth stocks have lost 75-80٪ from their peaks but that doesn't mean I've lost that much. Plus most of my money is in vtsax to balance it out

I still think you're better off holding especially if in 401k since you can't tax loss harvest either.

For my personal account which he rolled over in March 21 it’s down 50 percent. Very frustrating. He said these are long term picks. I just don’t agree. Bad choices and gambling in my opinion. He bought at the highest point. They have been down all year with the exception of one.

It doesn’t really matter how much they are down. How far are you going to take your disagreement over investment choices?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is this 50% from the peak or 50% of what he has put in? A lot of my growth stocks have lost 75-80٪ from their peaks but that doesn't mean I've lost that much. Plus most of my money is in vtsax to balance it out

I still think you're better off holding especially if in 401k since you can't tax loss harvest either.

For my personal account which he rolled over in March 21 it’s down 50 percent. Very frustrating. He said these are long term picks. I just don’t agree. Bad choices and gambling in my opinion. He bought at the highest point. They have been down all year with the exception of one.

It doesn’t really matter how much they are down. How far are you going to take your disagreement over investment choices?

I’m pushing to get a financial adviser for the family. Yes you can save a few percent to handle it yourself but since we have conflict over how it should be handled AND we are losing money and not doing great with our investments it makes sense in our situation. This has been the major thing we fight about since we have been married. We have been lucky with income and equity but if we continue down this path of taking risky investments we will continue to likely lose more and more. I personally would rather be conservative and comfortable than have the chance to be really rich.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He's been listening to too much Cathy Wood. That's a YOLO portfolio right there.

What’s that?

Not Cathy this is a Motley Fool rec list

Yep, spot on. DH follows Motley Fool.

Our equity won’t go down. Our area isn’t DC. May not go up as much as it has but it won’t drop. We have $200k left on our mortgage so this is very safe for us. We will never be underwater on our home.

Motley Fool? https://www.bogleheads.org/forum/viewtopic.php?t=66350 My condolences. They used to be helpful, but now they are just shills.

I don't think you understand equity. Your equity absolutely can go down. Sure, you have almost paid off your mortgage, so you are unlikely to be underwater, but your equity could absolutely drop and your net worth with it.

Sure you aren't in DC, but I can't think of many places where a $1.7M house is immune to recession. Remember once Detroit was Silicon Valley... https://www.politico.com/news/2020/12/18/silicon-valley-bay-area-business-model-448065 . Maybe you are on Hawaii? But island life gets way less attractive with high fuel costs making EVERYTHING outrageously expensive (for example).

Our area won't go down though.We are experiencing super high growth. It may not see the gains of this year but with a 200k mortgage on a house valued at 1.7 we are in a very good position with this. Also my decision to buy the house.

What area? Rapid growth recently has been in places dependent on WFH continuing

Austin (rollingwood)

Austin tops the lists of a lot of bubble lists, can sprawl on forever, and suffers from being under Texas governance.

It seems likely you bought a decade ago, and your $500k home is now worth $1.7M? I would not hang my hat on that equity, and make darn sure your DH doesn’t take a HELOC for more investing money.

I don’t think so. We are one mile from downtown
Zillow estimate is 1.9, 1.7 is conservative.

So you both suffer from Hubris. Who the F cares about downtown anymore?

Austin isn't going down. A lot next door just went pending for 2.2.

Oh, well then. You have proven there is no bubble. Carry on.

Well we bought for $600 6 years ago. But carry on your point that it was idiotic and I made a bad decision.

This doesn't prove there isn't a bubble. All it means is you got in on the game of musical chairs early enough.

Sure but there’s no reason for US to worry about the bubble. We bought so low there’s no risk to us. People that need to worry in a bubble market are those who are financing a lot and can’t afford the payments.