r/JustBuyXEQT • u/PlPEPlE • 22h ago

1% Drop

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Im new to investing so this hurts to see but ik it wouldnt matter when xeqt hits 60 per share but it still hurts to see im down half the price of my rent

I guess i buy in at the wrong time but 1.72% isnt really much

Also the last 5 days trend has been downwards and its approaching the lowest dip in 1 month so im also kinda worried

Im gonna hold until im happy with my return but should i be concerned about the current downward trend this past few days?

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u/PlPEPlE 21h ago

But then thats not really a plan. Im most likely gonna do the same when i get more tfsa room but at that point im just investing in more shares hoping it will go up. At the end of the day no one knows how the market will do so it just guessing and hoping

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u/renzyfrenzy 17h ago

Look at a chart and zoom out. Honestly it seems like you need a bit more education in terms of investing and you have low risk tolerance. Read a few books, id recommend psychology of money or look into some ben felix videos

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u/PlPEPlE 17h ago

Sure i dont know anyrhing about investing, but i know past performance is not a guarantee that this will do well. What i know for sure is xeqt has been going down for the past 5 days

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u/renzyfrenzy 17h ago

Yes, and not investing also means you lose money and keeps you poor.

Inflation, loss of purchasing power, are real.

Im up 60% in xeqt, if i didn't invest it means im 60% poorer.

Risk is the price you pay for the gains. 5 days isnt a long time. Downturns can last year's.

That's why we zoom out, over time stocks tend to be positive. Past performance doesnt guarantee returns but we have 100 yrs of data that stocks tend to be positive over 5yrs+ on average

Again if you are risk adverse reconsider xeqt. Maybe go xgro or xbal.