I understand wooshy’s position and it is extremely sick to sit on a loss even on the positions you recently bought. Be it meta, PayPal, zip or any growth stock when goes into correction then none of them turns in 3 months time & there is fair chance then market can further sell from current point of weakness. Pretty sure Kgn PE was 26 when SP was $10 and now PE is 188 when SP is $6ish...PE of growth stocks are not stable because of their continued growth aspirations in terms of acq.
my idea is if you want to stay in market then short term (6 to 9 months) value stocks are safe as they keep giving divis despite downward pressure on SP.
currently, Market is pricing first rate increment, the after affects of rate will be spiral affect on market because FED & RBA are trying to slow the market activity to reduce inflationary pressure resulting slowing in economy. In this scenario the companies that are generating profit most likely to repay debt and the ones that are not will go into debt cycle causing further melt down in their SP.
Time will tell though, first rate revision is merely a trailer & full market reaction will come in 6 to 9 months...we have seen this in 2008 and no matter how FED wants to cover it that “this is not 2008” but then they are the one who saying we will not increase rate till 2024.
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I understand wooshy’s position and it is extremely sick to sit...
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