Stock Market - I need help with where to put my money from my new job.

I need help with where to put my money from my new job.
Beginner investor here (Just a few grand in an IRA)... can someone ELI5 what caused an "All Star", 5 Star mutual fund like MSEGX to have such a humongous loss so quickly?
Walt Disney (DIS) Stock Gains After Being Named Top Large-Cap Growth Idea for 2022, Analyst Says Shares Could Rally Over 25%

I need help with where to put my money from my new job.

Posted: 05 Jan 2022 03:23 PM PST

Ok so for a bit of context I'm just 14 years old and I got a job at chick fil a and I work 19 hrs a week for $15 an hour and after income taxes where I am I get around $250 per week.

I've been investing for awhile and I know this is a lot of details but my portfolio is worth around $630 and here's what my portfolio looks like:

SFT: 24.5% ($155) ZIM: 17.2% ($109) BB: 16.6% (105) PLBY: 14.9% ($94) DKNG: 11.5% ($73) SOFI: 11.1% ($70) CYBN: 2.7% ($17)

From my paycheck I wanted to allocate ~$120-$125 per week into this portfolio (the rest being for risky portfolio, side hustles, and things like personal shopping.)

I was wondering what you guys thought of this portfolio. I'm mostly bullish on SFT and CYBN, however I've also lost a lot on them but long term I think they'll do great. As for the rest of the stocks, I'm not profitable at all. I got into PLBY and DKNG about a month and a half ago and they have been diving. Are they still good companies? And as for SOFI, that was one of the first plays I had gotten into and I'm just hoping it'll go back up. Then for BB, I was thinking they're cybersecurity and patent sales would do great but clearly I have been wrong so far. I'm not getting out of any of them as of now but I just wanted some of your opinions on what to buy, get rid of, and what to allocate per of my paycheck to. I'm completely open to suggestions, especially because today was an awful day in the market for me (I'm down almost 8% on the day). Just one more point of reference is that I put in $650 to this account and today was the first day that it because unprofitable.

submitted by /u/_Rap1d
[link] [comments]

Beginner investor here (Just a few grand in an IRA)... can someone ELI5 what caused an "All Star", 5 Star mutual fund like MSEGX to have such a humongous loss so quickly?

Posted: 05 Jan 2022 08:54 PM PST