Key insights
- A retail investor recounts selling Alibaba (BABA) shares at a loss to fund a house down payment in 2021. While initially perceived as a setback, the investor views it as a blessing in hindsight, given BABA's subsequent decline. The post elicits similar experiences from other investors, highlighting the risks associated with individual stock holdings, particularly in volatile sectors like Chinese tech. The overall impact on US equities is slightly negative, reflecting increased risk awareness.
I assume most redittors on this sub do not day trade and know that buy and hold can be more rewarding than day trading.
So my question is, when you had to sell the stocks due to some basic human needs, like medical blls, tuition bills housing rents etc and so on , what’s the outcome of the sale?
Did your sale become a disguise for a blessing or a regret in the long run?
Let me throw my experience for fun. I had to sell stocks for a house downpay in 2021, so I had to sell $20k baba stocks and realized $17k loss in that single ticker.
I thought it’s a bad thing to sell for such a loss, and found out baba went from $170 to $70 if i didn’t sell. so it was really a disguise to blessing.
How’s your basic human needs sale go? what tickers did you sell and do you regret?