Making the Jump
Hello Bogleheads, I'm a bit new here. I've been "investing" since probably 2019 and I've really only lost money. Whether it be attempting to time bottoms of contrarian value plays, swing trading, etc etc the result has always been the same. Portfolio over the last year is-18% while SPY is +35%, and I am finally realizing that this may not be the way for me to continue. The hundreds on hundreds of hours that I've spent staring at charts and reading reports and doing research have produced, time and time again, negative economic returns and lower quality of life. It definitely consumes my mind most of the day and takes away from time I could spend learning other things or simply just enjoying my life. There are times that Webull is open on my phone for 5+ hours of the day according to my screen time (I know...I know)
THANKFULLY, I am still in a blessed position today. 27 years old, zero debt, about $30k (90% is currently being "invested") total net worth not including a paid off car. While I've thrown a lot of money out the window over the last 8 years, I believe I am still in a position to right the ship and begin compounding wealth the correct way. While I wish I had done this at 18, the second best time to start is now.
I'm looking for a couple pieces of advice.
I'm holding DECK: -10%, NOC: -2.5%, FISV: -15%, and GOOG: new position
Im suffering from the complete inability to not belive in my positions, that I'll be selling at bottoms (someone please tell me how wrong I am).
Is the correct move to just sell and then lump sum roughly 30 grand into a few different indexes? My mind keeps telling me that this is the economic top and that it's financial suicide to buy at this level, but I look at the past and the tops just continue on and on.
I appreciate anyone that took the time to read this. I'm not looking for advice on which indices to purchase, more so looking for anyone with similar experiences and any advice on my current situation.