$Vanguard S&P 500 ETF(VOO)$$QQQ$
Since the beginning of the year, we already know that more interest hikes will be coming but the only unknown was the % interest hike. I'm thankful to have sold most of my holdings during the Aug rally and have bought more inverse index ETFs such as $ProShares Short S&P500(SH)$$ProShares Short QQQ(PSQ)$ to prepare for more bloodshed.
On the other hand, once the sell-down have stabilized and more positive signs of inflation slowing down next month, I'll start to add ETFs only. Buying individual stock is too risky, some recent examples are $Adobe(ADBE)$ $FedEx(FDX)$ which dropped so significantly in a single day and not forgetting stocks like $PayPal(PYPL)$ $Meta Platforms, Inc.(META)$ too.
Although buying index ETFs is boring (lower gain and also lower loss as compared to individual stock), I think I'll prefer slow and steady growth. It's not a great feeling to lose 20-30% of your hard-earned money in a single day. Of course, winning 20-30% more money is also very shiok! Anyone else experienced that before?? But we must understand both the benefits and risks, I'll rather gain less than to lose more.
Do let me know your thoughts!!!
Comments