Having a difficult time mentally getting over large money loss

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Not sure of what age you may be (you don't have to say), but something that's always boosted my focus/confidence/drive is to view people my same age to see where they are at compared to myself (people I went to high school with/college with/know/etc). I've also viewed the averages of people my age as well to also build that drive. I'm sure, even being down a bit, you're likely still up on a majority of same-aged individuals who may be doing bare minimum jobs & stuck in their hometown with multiple roommates.

You're likely young. Risks young are the best time to take it, unfortunately this risk was a negative but you're young & plenty of time to bounce back.

Quite tired so sorry for run-on sentences & spellchecks but you get the point.

 

[CheersMate]

The stock market hasn't lost money in a 10 year span. You haven't lost anything unless you pull your money out. Stay strong and see how it plays out.

 

[Utopia]

It's never a given that the stock market will always be in a good standing. There is a lot of uncertainty involved, especially at a time of economic peril and confusion. Going into investing, you should already have in your mind that you have the potential to lose whatever you put in to invest. This will lessen the blow if that does happen. You should treat this as a lesson going forward. Try to see what you could have done different to possibly mitigate this result, or what is a better investment during times like these. You will bounce back.

 

Honestly? Start viewing them as assets instead of valuations. The economy is in a bad place and some banks are likely to fail. You're going to see people who never invested at all lose the $200k sitting in their savings account. Realistically, the vast majority of people who have invested in the last 5 years are down a significant amount. Maybe they're not down as much as you are, but you're all in the same boat.

The difference here is that you seem to be in a stable situation where you're capable of riding it out long term - A lot of people don't have that opportunity and are forced out of the markets at the worst time. You've built a solid foundation where you can still continue to invest while the prices are low.

When things turn to shit, you've still got that safety net built up behind you. While other people are jumping ship, you're loading yours up with extra cargo. A change of perspective can help a lot.

 

[Pro Skill]

Large financial losses can definitely be anxiety/stress inducing situations. I once played with bitcoin during the beginning years and lost nearly 50k overnight. The thing is, Stocks are never guaranteed so whatever you put in be willing to lose… sorry you’re going through what you are but have some joy in the fact that you ARE going to be okay financially and mentally.

 

[Dices]

i lost 30k once, never sold the stock… 2 years after im up those 30+20, just keep them they’ll eventually go up like always.