What to do when you invest all your money and then the market crashes and you quit your job

After several years of watching the stock market, I finally bought some of it. I went through a ridiculous rigmarole to get set up to invest through an investment company, and then I invested the majority of my savings. I won’t tell you how much exactly because that there ain’t none of your business.

That was in November. I invested in a total stock market ETF, which means that rather than investing in a couple companies—like Apple or Facebook—I invested in all of the companies. Or most of the companies. I don’t exactly know, but it’s something like that.

Anyway, I invested some money. I felt responsible and mature and rich. The stock market had been doing well and, I figured, would probably continue to trend upward. For a little while, it did. And then it did not.

The stock market straight sucks right now.

POOP

POOP

It took a giant poop dive (that’s a nosedive but into a pool of poop) and I lost a bunch of money. Again, the exact amount ain’t none of your business. Plus, to be honest, I don’t know the exact figure. But I’ve lost enough that it sucks. Losing five bucks sucks, and I’ve lost considerably more than five bucks.

Beyond that, I’ve also recently made the decision to quit my stable, decent paying job, and not because I have another job lined up. I intentionally do not have another job lined up, in fact. So not only have I lost money in the stock market, but I’ve also lost my source of income.

What does a person do when these things happen?

A person keeps her money in the stock market, because as long as humans continue to innovate it’ll probably return to pre-poop dive levels one day, and if she sells now then she’s really losing that money forever.

A person stops spending all her money on stupid shit like diet Snapple and fancy trail mix and crazy backcountry tents that she thinks she’ll use one day but of course never, ever will.

A person … I don’t know.  What else does a person do? You tell me. Please. It appears I am stupid and have made a series of very poor decisions.

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2 thoughts on “What to do when you invest all your money and then the market crashes and you quit your job

  1. ricodilello

    It looks like you bought the Dow 30 index which only contains 30 stocks. I would put 50% of your money into the tech ETF QQQ which has growth stocks and 50% into S&P 500 ETF SPY which has 500 large multinational companies.

    Plus SPY gives you a 2% dividend which is much better than bonds

    Reply

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