291–300 of 640 posts
Many criticize the retail investor for treating the stock market like gambling, but I think it really does resemble gambling more than investing these days. How many times have we seen a companies value jump or fall by billions based on a tweet? How many meme stocks have we seen? How many pump and dump SPACs have there been? How many companies have never (and likely will never) made a dime in profit but see their mar…
Aren't index funds more modest in gains but more safe?
Earlier quoted context omitted.
I feel like the patterns are more or less the same but the cycles are getting shorter and more pronounced. I met the son of a family friend today, he's 13, already has an opinion about the Israel/Palestine war and spent $500 in roblox so far, they're not wealthy at all. Back in my days I was stuck in the free to play parts of mmorpgs (or had to beg for months for a $5 monthly membership), playing tf2 (free) and had 0…
$500 in Roblox? that's a lot of money for a 13 year old and that money could likely be spent elsewhere... As far as the opinion about Israel/Palestine it's likely that opinion is inherited from family or cohort and it's not fully their own.
Young people emulating the adults in their life is how it always has been.
The regular 9-to-5 is seen as a last resort now—it’s almost like you’ve failed if you don’t have a side hustle. That’s the vibe. With AI and machine learning platforms making waves, especially for traders, the game has completely changed. The barrier to entry? Practically gone. These platforms have made it so easy to get started that anyone with a bit of curiosity can jump in. It’s not the exclusive playground of the…
It's funny because 9-5 is still a great way to actually enrich yourself. The best way to grow your wealth is to increase your income, and a salary+benefits is the juiciest way to do that. Sadly, I've seen many male friends of mine obsess with the stock market but not have anything going career-wise. They just hope they hit big and "make it." Better to just stack salary for years the boring way and save yourself the t…
OK so the most important thing is out of reach with 9-5, independence from rent. The next set of factors like health care, and if you have a kid child care and health care, are also up compared to wages (9-5 wages).
That leaves just food and entertainment. I suppose you could live with roommates, eat frugally and not go out. And then maybe the 9-5 is the way to become rich.
For most of us the way to build wealth is through asset appreciation - housing , stocks. The 9-5 is the 'not so passive income' that you use day-to-day while you either SAVE up for the 'assets' (if you're lucky), or you gamble / inherit / get lucky with these assets.
Many criticize the retail investor for treating the stock market like gambling, but I think it really does resemble gambling more than investing these days. How many times have we seen a companies value jump or fall by billions based on a tweet? How many meme stocks have we seen? How many pump and dump SPACs have there been? How many companies have never (and likely will never) made a dime in profit but see their mar…
I agree. I think the reality is the "don't try to be smart, do these low-risk things because statistically you're too stupid to beat the market" has logic to it, and stats to back it up. But the unspoken part is, "let the rich do that stuff, and their wealth advisors and folks on the golf courses". So there's an elitist aspect to telling people to back off. We all know people who made a killing on individual stocks,…
> They expect the problem to worsen. The stock market has climbed 23% this year... The problem will resolve itself if (when?) the market crashes. I remember the run up to the dot-com bust. I was too much of a bumpkin at the time to even know how I would trade stocks — but I listened to an acquaintance go on and on about how much he was making on the market. At the time I guessed that he was much smarter than me — tha…
The Gov't / Federal Reserve has made it clear they will not let the value of assets drop significantly ever again. The entire planet's capital is now betting on US equities going up and to right forever, and all levers will be used and invented wholesale from nothing to keep that going.
At this point I’m just watching a slightly younger cohort of men repeat all of my worst digital addiction mistakes like getting inserted into the online video game -> toxic online behavior pipeline (or worse, fascism), ideologies (Musk), crypto and options gambling (thanks Reddit a la 2013 for all of the crypto communities and WSB) too much computer (ouch, my neck, arms and back.) I’m not doing particularly well, esp…
I feel like the patterns are more or less the same but the cycles are getting shorter and more pronounced. I met the son of a family friend today, he's 13, already has an opinion about the Israel/Palestine war and spent $500 in roblox so far, they're not wealthy at all. Back in my days I was stuck in the free to play parts of mmorpgs (or had to beg for months for a $5 monthly membership), playing tf2 (free) and had 0…
> They expect the problem to worsen. The stock market has climbed 23% this year... The problem will resolve itself if (when?) the market crashes. I remember the run up to the dot-com bust. I was too much of a bumpkin at the time to even know how I would trade stocks — but I listened to an acquaintance go on and on about how much he was making on the market. At the time I guessed that he was much smarter than me — tha…
Much better to just stay in the market, knowing that there will be crashes and you will have days where the numbers look awful, because they’ll look great again in a few years.
Earlier quoted context omitted.
I feel like the patterns are more or less the same but the cycles are getting shorter and more pronounced. I met the son of a family friend today, he's 13, already has an opinion about the Israel/Palestine war and spent $500 in roblox so far, they're not wealthy at all. Back in my days I was stuck in the free to play parts of mmorpgs (or had to beg for months for a $5 monthly membership), playing tf2 (free) and had 0…
$500 in Roblox? that's a lot of money for a 13 year old and that money could likely be spent elsewhere... As far as the opinion about Israel/Palestine it's likely that opinion is inherited from family or cohort and it's not fully their own.
Earlier quoted context omitted.
$500 in Roblox? that's a lot of money for a 13 year old and that money could likely be spent elsewhere... As far as the opinion about Israel/Palestine it's likely that opinion is inherited from family or cohort and it's not fully their own.
I recall in grade school in the 80's lots of kids had opinions on Jews, Poles, black folks, gay folks, etc. Clearly, all acquired from relatives. Young people emulating the adults in their life is how it always has been.
If you have the math chops, you should really try to get into it just so you can realize you are not going to make a money making algorithm. I got knee deep into it out of boredom during Covid and was able to have the "aha" moment where you realize the best you can do is buy index funds or just long hold companies you believe in that are in your area of expertise.
I tried for a long time with stocks, then I tried stock options. I eventually moved off to index and treasury futures. No money to be made in stocks, shitty leverage, high fees, LOUSY TAX TREATMENT and to complicate matters further shorting can be problematic. Also no "real" market is open 24h so you really just get to trade open-to-close standard hours. Stocks just have too many things going against you to make any…
Historic evidence does not support this statement in the strong sense. Whether it is true, in a weak sense, into the future, is debatable.