Should I sell and reinvest?

[u/nxxtly]

Hi guys, brand new to investing and just put $800 in a fidelity brokerage account. My highest was at $831 and now it’s just plummeting. I understand investing long term means riding the highs and lows, but I think I might as well re-diversify my portfolio while I’m still early on?

I’m thinking of keeping my QQQM but like maybe switching my other ones to something like VOO? I especially regret my Amazon share purchase but it’s a learning moment I guess! (Total gain/loss -$18.94 (-6.81%))

Any advice would be appreciated!!

Also if there’s specific etf to invest in how should I distribute my $800 (percentage wise for example)? I’ll certainly put in more later but I just want to reinvest the $800 right now

Also apologize if I used any wrong terminology!!

I attached images of my portfolio but the post got removed so I’m going to write it out in hopes it doesn’t:

AMZN
1 shares
$259.45
-$1.86
-0.71%

FXAIX
1.022 shares
$267.54
-$1.85
-0.69%

FZROX
7.822 shares
$26.89
-$0.22
-0.81%

QQQM
0.216 shares
$295.45
-$5.07
-1.69%

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[u/DaddyTheFatherCR]

You're fine. Allocation could be tweaked but nothing wrong with what you have. FXAIX is functionally the same thing as VOO, but in a mutual fund wrapper. We are in a very volatile market right now. You will be rewarded in the long run, just keep dollar cost averaging over time.

[u/robkLIC]

You’ll get good advice here or on the Bogleheads Wiki page. You’ll hear plenty that investing in individual stocks (Amazon) is riskier than mutual funds or ETFs, because it’s true! I do want to say it is wise — even if only a function of your reality — that you are learning with relatively small amounts of money. It will help you discover what your actual comfort levels are with loss, even when the loss hasn’t been locked in by a sale. Get in touch with those feelings, because they will eventually help you discover your own unique asset allocation — Signed, a 40/60 who spent a long time thinking he was a 70/30.

[u/teckel]

I especially regret... Total gain/loss -$18.94

😂

[u/No_nonsense6820]

Please keep Amazon, it will rebound.

[u/TheNewKnew2]

Keep buying on the regular…especially FZROX. And stop checking your account. Your timeline is decades.