More men are addicted to the 'crack cocaine' of the stock market • Hacker News Board

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

#381

Post by cherryteastain » Tue, Dec 24, 2024, 9:52 PM UTC

carlosjobim wrote: post #379

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).

Dollar cost averaging does not work and has never worked. Because most assets have unlimited upside and unlimited downside. A stock or asset can go ballistic for decades like Apple or Bitcoin, or it can fall to zero value. There are no mathematical ways of winning investing. If it was that easy, everybody would do it. You can only follow your heart and do your due diligence.

> Because most assets have unlimited upside and unlimited downside. A stock or asset can go ballistic for decades like Apple or Bitcoin, or it can fall to zero value

Spot equities and crypto have limited downside. You put in x, most you can lose is x as you observed. Unlimited downside is not a thing outside certain exotic derivatives.

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

#382

Post by itake » Tue, Dec 24, 2024, 9:57 PM UTC

onemoresoop wrote: post #285

habosa wrote: post #247

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?

Depends on the index fund. There are triple leveraged funds that can go to zero in a crash

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

#383

Post by spoonfeeder006 » Tue, Dec 24, 2024, 9:58 PM UTC

in-pursuit wrote: post #249

llamaimperative wrote: post #201

Earlier quoted context omitted.

This all ultimately boils down to "the attacks that I believe I'm immune to are okay , the attacks that I'm not immune to are not okay. " The victim in your knife attack had the opportunity to leave by never going to the grocery store. The fact they couldn't foresee that attack is solely because they lacked the information or cognitive ability to foresee it, just like an 80 IQ gambler with a Draftkings account lacks…

No, your argument is basically “all bad things are equivalent to knife attacks.” Look, I’m not saying deception and scamming are “ok”, I’m just saying comparing them to knife attacks is stupid.

True, but I think the main issue is that neither is beneficial to society, genetically or otherwise. The main purpose of the knife attack analogy is to demonstrate that protecting against that involves skills that are useless if we can just eliminate the threat in the first place

Many of us experience that knife attacks are not part of life, but perhaps we take for granted the existence of scammers?

Granted, being able to protect against one self against a scam may include talents that carry over to other useful aspects of society building, but same with being able to fight off knife attacks

And again the point is that, 1: those aren't the only beneficial aspects to society. someone without those talents may be brilliant in other ways, thus evolutionary pressure on that is not helpful. And even if someone isn't brilliant in other ways, we are all still valuable. Just ask a parent who raises a highly disabled kid, they will know this far more deeply than you or I do

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

#384

Post by wruza » Tue, Dec 24, 2024, 9:58 PM UTC

guelo wrote: post #331

portaouflop wrote: post #314

Earlier quoted context omitted.

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.

10 year olds can figure out that killing children for 14 months is evil . That everyone can't see that is the power of propaganda.

People know it’s evil, they are just unwilling to point it out because driving the conflict into some resolution is already hard without these simplistic views which helped no one before and continue to do so. Kid’s naivety is just that, naivety. Put him into a rulers chair (either side), provide all the factual info with zero propaganda and see him trying to escape at all costs, because all decisions including doing nothing make people die or worse. At some point you just have to choose sides without much meaning attached to it.

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

#385

Post by recursivecaveat » Tue, Dec 24, 2024, 10:02 PM UTC

SoftTalker wrote: post #359

dmoy wrote: post #338

Earlier quoted context omitted.

I think the phrase you're looking for is "automatic investing" or something, not DCA. DCA is usually framed explicitly as a counterpart to lump sum of an existing pile of money

DCA in my understanding is automatically investing a fixed amount at fixed intervals. E.g. $100/month, or whatever. The amount and interval aren't all that critical. The point is to do it automatically and not try to time the market. Yes I also have heard the advice to dollar cost average a lump sum, not so much in the scenario of a rollover of an existing investment, but when a large amount of cash has become availa…

A year is pretty extreme. If you cut a lump sum into a series of transactions over a couple weeks or even days it is just about the least expensive way to exchange earning potential for reduced volatility. You miss out on like 2 weeks of earnings in exchange for a huge reduction in the chance that you buy in and are immediately down 2% or something.

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

#386

Post by wruza » Tue, Dec 24, 2024, 10:04 PM UTC

ToucanLoucan wrote: post #369

portaouflop wrote: post #314

Earlier quoted context omitted.

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.

> Must be nice if politics is just good and bad guys for you. Some politics are more complicated. Other politics are treated as more complicated because people get uncomfortable when you point out that they're casually endorsing-via-silence the mass murder of one group of people by another. There's nothing complicated there. If you as a nation state or standing army are obliterating an opponent that can't fight back…

Good, what’s your plan of resolution?

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

#387

Post by jazz9k » Tue, Dec 24, 2024, 10:05 PM UTC

xattt wrote: post #283

hashishen wrote: post #214

Earlier quoted context omitted.

God my teeth wish i had just stopped drinking soda a decade ago. It wasnt even that hard to kick

How much of that was soda, and how much was it access to preventative care?

Dental care is cheap and insurace is usually sub $100/month (at least in the US)

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

#388

Post by nradov » Tue, Dec 24, 2024, 10:12 PM UTC

dennis_jeeves2 wrote: post #171

dismalaf wrote: post #160

Earlier quoted context omitted.

As someone with a young child, it definitely feels purposeful. Also the opposite of a chore, it's lots of fun and what I look forward to after a day of work. And I'm someone who, for most of my adult life, thought I'd be childfree...

Well I've heard people say this. What about the ones that regret it? I know of one personal acquaintance of mine who confided that he regrets having his kid. He would under normal social circumstances not mention it, for obvious reasons. The problem is that it's a one-way street if you decide to have a child. Now if only one had an option to 'trial-run-before-one-commits' that would be ideal. I suspect (but not sure)…

Traditionally people would get a trial run by babysitting for relatives. Now that's becoming less common because families are smaller and more geographically distributed.

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

#389

Post by NomDePlum » Tue, Dec 24, 2024, 10:14 PM UTC

JKCalhoun wrote: post #210

> 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…

I've worked as a software engineer for various investment banks. The best quote and investment advice I've heard on those engagements is "Only monkey's pick bottoms"

Middle of the road, risk managed funds are our best chance of financial success, not individually predicting the market dynamics.

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

#390

Post by daseiner1 » Tue, Dec 24, 2024, 10:16 PM UTC

ToucanLoucan wrote: post #369

portaouflop wrote: post #314

Earlier quoted context omitted.

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.

> Must be nice if politics is just good and bad guys for you. Some politics are more complicated. Other politics are treated as more complicated because people get uncomfortable when you point out that they're casually endorsing-via-silence the mass murder of one group of people by another. There's nothing complicated there. If you as a nation state or standing army are obliterating an opponent that can't fight back…

That is not at all the definition of genocide. Israel is not pursuing a strategy of indiscriminate killing. Hard to take anyone seriously making such good/evil distinctions, especially when the they are not reckoning with the evil of Hamas & co. beyond “well gee shucks Palestine ain’t perfect either yall!”

Only one side has the state md objective of “ethnic cleansing” and it’s not the Israelis