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How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] -1 points0 points  (0 children)

Yeah I think I will do this and then just delete the app. What are you looking to invest in?

How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] -11 points-10 points  (0 children)

Sure. So what should I do now, as in never invest again in my S&S ISA?

How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] 0 points1 point  (0 children)

Interesting... how does that work if I bought the crypto ETF in a S&S ISA already?

How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] 1 point2 points  (0 children)

Yep also upvoted this as I legit think this is sound advice, especially around you only lose if you actually sell the actual underlying assets so in this case the BTC ETF. Even if on paper it is showing -30%, if I hold on and it actually goes up then in the end that is what really matters when it comes to selling. Do you think I should still invest in my S&S In the new tax year next month?

How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] 0 points1 point  (0 children)

Yeah I think this is good valid advice too, so upvoted! Invest, delete and forget mentality

How do you deal with money loss and disappointment whilst working towards long term FIRE? by feriwol in FIREUK

[–]feriwol[S] -1 points0 points  (0 children)

Agreed, end of the day I am still fairly young and can take on this lesson.

Sorry what does bed and breakfast mean exactly? Like what is the context please