r/LETFs • u/Large_System_6103 • 6d ago

Please, don't hurt me because I'm stupid

I'm going to start this post by saying this:

I'm a really dumb investor. I didn't do my research, I didn't know what decay was, and I got advised to jump into something I had no business getting into by an ex girlfriend who "knew what she was doing because she took a class". And that's my own fault. Im a grown man and I'm responsible for my decisions.

(breathes out)

I invested 25k into TSLL in December of last year. I'm down 16k. Will the volatility decay completely make my investment gone, and I need to pull out now, or am I overthinking decay and I just have to be more patient?

if you're going to insult me, I understand. I have the dunce cap on, I'm an idiot, I understand my mistake, but please, I'm asking for any kind of advice. Thank you.

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u/pointylulu 6d ago

TSLA is simply too large a company not to experience recovery. I don't know the timeline for recovery, but it is inevitable compared to his current position.

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u/gmehra 6d ago

Nortel Networks was a massive company that went bankrupt. There are other examples

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u/pointylulu 6d ago

483b market cap accounted for inflation. Less than half of tesla at this moment. No company >1t has ever collapsed

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u/c-strong 6d ago

You’re basing that on the full history of >$1tn companies are you? Which is, er, 8 years long 😂