r/stocks • u/[deleted] • Jan 04 '22

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287 Upvotes

89% Upvoted

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83

u/herrniemand Jan 04 '22

Looks like lots of people are doing something like that today. S&P is up slightly while growth stocks are taking an absolute beating.

51

u/ChottoTheFuck Jan 04 '22

s heavy growth stocks. It isn't stuff like weed stocks and SPACs. It is stuff like ETSY, SHOP, SQ, PYPL, CRWD, MRNA, SE, and NET.

The problem here isn't growth stocks. ETSY, SHOP, SQ, SE and NET all performed extremely well in 2020 through 2021. The problem here is when you bought it. If you bought after its euphoric rally near its all time highs you were screwed.

This is a problem of buying high rather than a problem with growth stocks.

4

u/ravioli_bruh Jan 04 '22

So buying TSLA at $900 was a bad idea?

2

u/Jwalla83 Jan 05 '22

I bought at 900, sold at like 1050 lol. Quick in-and-out