The reality of why I had to sell my stocks – The Curve

The reality of why I had to sell my stocks

 

For the past two and a half years, I’ve been learning all about investing from Vic via our podcast. Before we started The Curve, I didn’t know what the different asset classes were. I don't even think I knew what an asset was, and I definitely didn't know how the markets worked. If you’re reading this and thinking ‘I still don't really know either of those things’, I HIGHLY recommend going back to the beginning of our podcast and binging all the episodes 🍿✨💸

I only started investing about a year ago, because it took a really long time to build up my confidence. Eventually I decided to put 80% into a managed fund (as in - gave it to a professional), and then with my leftover 20% I chose a few stocks (companies) that I liked and bought them on Sharesies. 

The plan was to leave it all invested for 10+ years. I want to be lying on a beach in Mexico in 30 years, so I wanted to leave it in there for AGES. Fast forward a year, and my stock picks (so the ones I chose on Sharesies), had grown 37%! I couldn't believe it! For context, the stock market on average returns about 7-8% per year, so for a baby investor, I was pretty stoked. I had one small problem though... I'd invested beyond my means. I hadn't budgeted properly, and just kept throwing random amounts into my investments. Towards the 15th of each month, I found myself scrounging around wondering how I'd make it to pay day. 
 
 
 
 
This happened again recently and I had no choice but to sell some shares. I had a grand total of $9 in my emergency fund, and none of my pay left. needed money and fast so I logged in to see my portfolio, and realised that it was 37%! This was an absolute win. When I looked more carefully, I noticed that my Netflix shares were up, wait for it... 127%!! That's a $3000 return in just under a year! 
 
Although I was gutted to pull that money out, I was so proud of much I’d managed to grow it in such a short space of time. Rather than wallowing in my frustration and beating myself up (which I usually do for way too long), I conned Vic into making another course. What I now realise is that in order to invest regularly and properly, you reeeeeeally need to have the basics down - something I certainly haven't nailed. 
 
The Money Reset is a brand new course being taught in The Curve Classroom and was born out of my [desperate] need to plan better. I'm so excited to learn how to make a plan, how to create a budget, save and get to a place where I can invest regularly without having a blowout. 
 
If you're keen to join, you find more info below! Hopefully see lots of you there! 
 
Lots of love,
Soph xxx (+ Vic) 

 

INVESTING IS FOR COOL KIDS

Take control of your future by learning how to be better with your money. Join the thousands of women in The Curve community who are dedicated to building their knowledge and their wealth through investing.