It’s normal to make such mistakes . The market was so hot year end and everyone was queuing up to buy a hulk Pepsi Daytona in grey market (brightime was like fish market on weekends). Don’t blame urself . U probably lose that money elsewhere too if u r investing.
If I may be honest, I think the real job cut will come soon, the default will soon follow for businesses. we are not yet at the bottom and the pain will be significant in 3-6 months time. Rolex went up like crazy , never been like that in the last 20 years . If you agree, then let me say this, in the last 20 years , we have never experienced high interest rate and increases like this too, so it’s for you to gauge the severity of the situation.
It’s always easy to tell u to hold, wear and enjoy while price appreciate in 20 years cos I will never be wrong to say this but if u r in need of money and u can’t stand losing more money, my honest advice is that it’s time to sell now . It will be a while (maybe another 5-10 years) before the hype comes back .
Thank you for this detailed and good advice. Appreciate it.
