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More men are addicted to the 'crack cocaine' of the stock market

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Re: More men are addicted to the 'crack cocaine' of the stock market

#321

Post by regresscheck »

SoftTalker wrote: post #313
mordymoop wrote: post #297

Earlier quoted context omitted.

The problem is that I have been seeing some version of the “crash imminent, sell everything” thesis for my entire life. Almost nobody who “saw the crash coming” in the case of the dotcom bubble, or covid, or the subprime crisis made any money, because almost nobody gets the timing or magnitude of the crash right. You can find YouTube channels that have been warning people that a crash is imminent for the last two yea…

This is the reason dollar-cost-averaging works. You buy less (shares) when the market is high, and more when it is low, without thinking about it and without trying to "time" your transactions (which almost always fails unless you have inside info).

It works in a sense of not timing the market. Lump sum beats dollar-cost averaging - because you have more time in market.

Re: More men are addicted to the 'crack cocaine' of the stock market

#322

Post by CoryAlexMartin »

tokioyoyo wrote: post #290
CoryAlexMartin wrote: post #286

Earlier quoted context omitted.

I've seen the sentiment building over the last several years. Though I think part of why it's such a prevalent sentiment now as opposed to a few years ago, is very obvious signs of cultural breakdown started to show strongly in maybe 2017 or so, and people started questioning the prominent messages in our culture and seeking answers, and for many, finding those answers takes time. There are probably other related fac…

2017 is actually a great reference point wrt cultural changes! I think that is the year when bubble and echo-chamber creations accelerated to the T, so people who ponder about the same things just talk to each other. And they never really get to talk to the outsider groups or hear their opinions as often. 2020s was probably the only couple of years when everyone got to talk about the same topic, but that was for unfo…

There may be some screaming into the void, but at least some of it breaks through. I was someone who, for years, bought into the idea that being idiosyncratic and self-expressive and following my passions and self-interested dreams would lead to fulfillment. I was the last person you would have expected to have been receptive to the idea that starting a family could be a means to a meaningful life. Nonetheless, I started to see the cracks in my worldview, and that made me more open to listen, and here we are.

Also there is a biological urge, so it's probably not that much of an uphill battle. Though unfortunately people also contend with biological clocks and realize that they want kids when it's already too late. I feel very bad for those people, and so if you can re-normalize the idea of starting a family, then maybe you can reach those sorts of people while they still have time.

Re: More men are addicted to the 'crack cocaine' of the stock market

#323

Post by jajko »

seydor wrote: post #252

when you re generationally deprived of real estate heroin, you end up with stock market cocaine it s all partly gambling but different strokes for different generations

Good insured real estate is always a good safe bet. The best conservative investment that current & few past gens could have done while being completely clueless about stocks, markets, politics etc.

People need to live someplace to be just part of society and also to just survive, plus there is emotional and status aspect. Western construction is lagging behind population growth in popular places plus running / ran out of good space. Do the math.

Re: More men are addicted to the 'crack cocaine' of the stock market

#324

Post by rcpt »

jajko wrote: post #312
rcpt wrote: post #233

Earlier quoted context omitted.

Gen Z uses a lot more steroids which tracks with your analysis. But also I think you're falling for sample bias. The ones who don't have a billion followers are overweight and generally less healthy than previous generations.

And more depressed since massive quick/instant success is seemingly everywhere, apart from their own hands. Cancer if social media at its best, spreading depression like chemtrails. This breeds greed for status & perceived success and 0 patience to get there. You see it here on HN all the time when talking economy and real estate - young people complaining how they they cant own some well located nice house right now…

Ok but housing is legit screwed up.

Re: More men are addicted to the 'crack cocaine' of the stock market

#325

Post by SoftTalker »

regresscheck wrote: post #321
SoftTalker wrote: post #313

Earlier quoted context omitted.

This is the reason dollar-cost-averaging works. You buy less (shares) when the market is high, and more when it is low, without thinking about it and without trying to "time" your transactions (which almost always fails unless you have inside info).

It works in a sense of not timing the market. Lump sum beats dollar-cost averaging - because you have more time in market.

Sure, if you have a lump sum to start with.

But dollar-cost-averaging beats saving up a lump sum and then investing.

Re: More men are addicted to the 'crack cocaine' of the stock market

#326

Post by speakfreely »

guelo wrote: post #296
lm28469 wrote: post #251

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…

If you don't have decades of built up propaganda it's pretty easy to see that Israel is the bad guy. The condescending "it's complicated" line is part of the propaganda telling you that you're not allowed to come to the obvious conclusion for yourself. My 10 year has figured out that Russia is the bad guy in Ukraine and that Israel is the bad guy in Gaza.

> If you don't have decades of built up propaganda

But how are you so sure that doesn't apply to you?

Re: More men are addicted to the 'crack cocaine' of the stock market

#327

Post by jajko »

CliveBloomers wrote: post #7

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…

Jeez, I've heard all this and much about online trading portals 2 decades ago. They weren't incorrect, anybody could trade, even alghoritmically. AI isnt bringing anything added for regular users that others dont have, so nothing.

You make your own priorities and risks, as do we. Your comment anyway reads like some cheap marketing for clueless folks on the back of a bus just before bubble bursts.

Re: More men are addicted to the 'crack cocaine' of the stock market

#328

Post by speakfreely »

portaouflop wrote: post #314
guelo wrote: post #296

Earlier quoted context omitted.

If you don't have decades of built up propaganda it's pretty easy to see that Israel is the bad guy. The condescending "it's complicated" line is part of the propaganda telling you that you're not allowed to come to the obvious conclusion for yourself. My 10 year has figured out that Russia is the bad guy in Ukraine and that Israel is the bad guy in Gaza.

Must be nice if politics is just good and bad guys for you. It should give you some pause that a 10 yo has the same level of understanding of global politics.

Yes, it's pretty scary that anyone sees things so black and white and would encourage their children to do the same. These are multi-decade conflicts where no one has clean hands.

Re: More men are addicted to the 'crack cocaine' of the stock market

#329

Post by ANewFormation »

tokioyoyo wrote: post #276
ANewFormation wrote: post #274

Earlier quoted context omitted.

Interesting point in the timing. In general I think it's probably just growing awareness of the issue, also combined with a growing number of people in tech starting families (often quite late) and being like 'zomg why didn't I do this earlier.' Many people in tech are also fascinated with countries like Japan which are acting like a living warning to the rest of the world about fertility. In general though I think c…

I guess that makes sense. Someone else commented how “maybe HN demographics just happened to be people who just had kids, thus the echo-chamber”. Which, would explain a lot. Re: Musk — no real opinions about him wrt other ventures, but surely no sane person can look at him as a decent father figure, no? It just sounds like a “populate Earth for populating reasons!” completely disregarding the well being of the kids p…

I think it's more about concern for society and Western civilization in particular. Low fertility will cause nations, and cultures, to contract and eventually collapse. 'Eventually' not being some excessively distant reference - South Korea may well become a failed state within our lifetimes if nothing radically changes, seouly due to fertility. And most other nations will be right behind them.

As for anybody's parenting - I have certainly raised my children in ways that would offend the sensibilities of this group or that. But it's what I think is right. So under this mindset, and a bit of the Golden Rule, I do not criticize other's parenting outside of obvious extremes.

Re: More men are addicted to the 'crack cocaine' of the stock market

#330

Post by guelo »

speakfreely wrote: post #326
guelo wrote: post #296

Earlier quoted context omitted.

If you don't have decades of built up propaganda it's pretty easy to see that Israel is the bad guy. The condescending "it's complicated" line is part of the propaganda telling you that you're not allowed to come to the obvious conclusion for yourself. My 10 year has figured out that Russia is the bad guy in Ukraine and that Israel is the bad guy in Gaza.

> If you don't have decades of built up propaganda But how are you so sure that doesn't apply to you?

I'm saying it doesn't apply to my 10 year old
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