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I bought 16 k in space x
Investor summaryBearish
Bought $16k in SpaceX, now panicking it's overvalued and considering selling to avoid short-term losses.
Bear points
- Bought into the hype and now believes the company is overvalued.
- Unsure how to assess the value and projected profitability.
- Prefers index funds until better able to evaluate the business.
Post body
I am bit panicked that I bought space x this morning! I bought into the hype, but now believe this was a poor move and that this company is over valued. I bought it around 160 so I’m a little up, but not much. I’m thinking I should sell it on Monday to avoid any short term losses. Thoughts on this?
It a little under 1% of my portfolio. I have some concerns about the value of space x. I think until I feel better able to assess the value and projected profitability of a buisness, Id be better off investing in an index fund.
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