3D·

F*CK FUNDS!!!1!!1!!!

$WYZB (-0.33%) - I bought this fund on advice from my investment advisor (Fidelity) on 04.11.2021.

Worth 6000€ - WHAT DO YOU THINK THE SHARES ARE WORTH TODAY!!!?

I'LL TELL YOU: 4414,10€!!!!!!

I could puke. These funds are the worst kind of crash... of course the chart looked rosy back then, and I was "promised" a similar performance by the investment advisor, although he also knows how such funds perform in the long term. Actively managed funds should really be banned by the state!

Why didn't anyone advise me at the age of 18 to simply buy the $VWRL (-0.89%) just buy the fund? Because then €6000 would have turned into around €7150 by now...

Well, I learned something from that too and my kids will definitely not make such mistakes in the future.

Now my question to you: realize the €1600 loss and put it into an ETF OR hold it and hope that the losses will decrease?

Thank you!

26 Comments

Max@bullish999

The question is why did you trust it and not just do your own research? Buying blind is never good

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Julian@poorkid69

@bullish999 I was 18 years old and trusted the man

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mami_goes_boerse@mami_goes_boerse

@bullish999 Falls into the "young and stupid" category - haven't we all paid our dues somewhere?

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Mav83!@Maverick4831

Take it easy guys, you can also call it inexperienced and not directly "stupid".

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Stulle 🥪@Stullen-Portfolio

Well, who and where did you ask at the age of 18...?🤷

Anyway. Back to now. Staying invested in a stock you're not convinced of almost never makes sense. You're assuming that your new investment will perform better than the previous one - so you should also put the 4,400 into the new, more convincing investment 🎯✅

Greetings
🥪

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Julian@poorkid69

@Stullen-Portfolio danke!

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McZed@McZed

I and my parents had a similar experience with DWS... they had meant well and invested €4,000 for me when I graduated in 2014, of which €700 was still left in 2022... especially some crude bonds

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devnerd_daddy@devnerd_daddy

The way some people here act as if they've never made a mistake. It makes me sick.

You can't put the losses into perspective. You always have to remember that what you have right now is the current basis.

Then you think about where your base can achieve the highest return. Do you think the fund can do that? Then stay in it. Do you think it's garbage? Then switch.

Remember: it doesn't matter what you use to catch up. It's the overall view that counts, not the green number on an individual investment.

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sodium@TomCOR

It happens to all of us at some point, sooner rather than later! Get rid of it, learn from it and move on 👌

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financial_ninja_anna@financial_ninja_anna

My parents inherited money from relatives that was invested in a fund; said relatives had also placed too much trust in their bank advisors and the "great" fund has since fallen by 40%... since my parents don't (want to) deal with the matter, the money is still in the fund and you can watch it just get less and less. My parents' approach is "wait until it recovers" - spoiler: according to the chart, it will never recover... I would take the loss and invest the money in an ETF... and I hope I'll soon have my parents ready for that to happen.

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Julian@poorkid69

@financial_ninja_anna
It's similar with my parents. Unfortunately, they don't understand how much potential there is in the compound interest effect.

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S.A.T.@SATNL

Cry me a river. Your choice your responsibilty.

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Hendan@Hendan

I was also advised back in 2022 by my personal advisor at my bank (Banca Mediolanum), but with the fund $KCVBHW , and thanks to DCA i am now +40% in the green. I guess not all funds (and not all advisors) are the same.

You also got invested in a time frame where markets were at their peak. If I were you I would accept the losses and start reinvesting the sum

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Metis@Metis

Because the "advisors" want to make money with you, that's why nobody who makes money with active funds tells you that. 💀

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John@Doe

Read... I would... liquidate and invest myself. Do what makes you happy, it's your money.

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mami_goes_boerse@mami_goes_boerse

It's not worth getting angry about it. Unfortunately, you've learned the hard way. The same thing happened to me back then with DEKA funds. Same age 😅 I was talked into it and it just sounded great.

I realized a loss of just over €1000. Whether that was wise, I don't know. I never checked it, but it gave me peace of mind.

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Ales@income_magician_1423

I was in very similar situation, unfortunatelly. In reality, the loss itself was done when you made the investment, i.e. 2021. Now, there is no way, this fund will perform in future, there is no way you decrease the loss. It is the past. You should answer one question - Is there better way now the money can work better in future? If you see the way, you should accept the loss.

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SGP@Koenigmidas

Own Research. How long have you been following him and how has he behaved in the intervening years? Sometimes he has good positions, but performances like $WIZZ drag down the highflyers. Keep a position for the loss pot?

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KoenigsRasse@KoenigsRasse

I wouldn't sell it safe in the minus.... I can well imagine that it will recover.
There has been a lot of downward movement this year.

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Julian@poorkid69

@KoenigsRasse okay, thanks for your opinion

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Pope Donkey XXI@DonkeyInvestor

You can find the answer in this article: #fehlkauf

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Harald@Madhatter5566

Wait for the losses to decrease? So the value decreases more slowly?

Öh.... Nope.
Off to an ETF. But it will take time to get it out again.

Or you go to wallstreetbets and set a 100 revenge lever.

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Andreas@Harley63

When I came "to the promised land" after reunification, I had no idea about investing. I was talked into buying Deka Investment funds by some savings bank fart. You can imagine how that turned out...
So educate yourself, learn more, read books. You're still young, a lot can still happen...
I also got my act together...luckily. Believe in yourself! Good luck 🙏👏👍✌️

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CRB_Consulting@CRB_Consulting

You bought a growth europe etf?😂 I'm dying

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Julian@poorkid69

@CRB_Consulting 🤣

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ErpelofStocks@ErpelofStocks

I had the same experience years ago with a DWS fund through my bank at the time. Honestly: sell the crap, book the loss as a lesson. Invest what's left sensibly, then you have a real chance of recouping the loss.

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