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

wsj.com

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

#411

Post by voidfunc »

RajT88 wrote: post #292
onemoresoop wrote: post #284

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.

Oh yea I was a big Republican when I was in high school because I went to a private school and all my friends were also Republicans (except the theater students). We were all Republicans because our parents were Republicans.

Then I got several years in the workforce and realized I wanted nothing to do with the Republican party.

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

#412

Post by MarcelOlsz »

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…

The worst is the crypto gamblers thinking they are "investing". If they make even the smallest profit you'll never hear the end of it.

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

#413

Post by TiredOfLife »

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.

[flagged]

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

#414

Post by djsnoopy »

itake wrote: post #392
JKCalhoun wrote: post #204

Earlier quoted context omitted.

> After funding his account with $15,000 in credit card advances Wow. Stop right there.

Young people can take risks that seem crazy to us older folks, because they have way more time to recover. If you leverage invest early in life, even if it completely wipes you out (once), you can leverage your way back into money.

Well, it’s harder then you’re letting on if your leverage costs 20%+.

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

#415

Post by djsnoopy »

spoonfeeder006 wrote: post #406

There's a paper I saw a while ago that uses LSTM for some kind of technical analysis trading, and the portfolio grew from 115k to 155k in a year, but also consistently Seems like there's clear patterns to the market. If only these apps would teach people these patterns and trading techniques in depth rather than just letting them trade

The sp500 did 20%+ over 12 months. Hardly worth trusting the llm

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

#416

Post by sangnoir »

daseiner1 wrote: post #391
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…

It really is not beyond the reach of a motivated and curious 13 year old to have an informed opinion on (geo)politics.

You don't gave to be particularly motivated to get predigested opinions from influencers. There's too damn many boys and young men echoing how the "Matrix" keeping them down

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

#417

Post by everybodyknows »

soulofmischief wrote: post #234
jaco6 wrote: post #37

Earlier quoted context omitted.

Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.

Doesn't this seem like a tautological purpose? Our purpose is to create a new generation of beings who question their own purpose?

That's the most plausible gloss I've heard. The new generation must be capable of framing a question at least as sophisticated as its parents can if there's to be hope of progress in the world. Otherwise we're on the way to "Idiocracy".

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

#418

Post by Terr_ »

Ologn wrote: post #151
dismalaf wrote: post #51

The most difficult part about the stock market is that stocks don't move for the reasons people think. People think fundamentals, news, financial performance, or chart patterns matter. But none of it does. Markets are driven purely by supply and demand. And in this case, supply and demand for the stock itself. Fundamentals are already priced in. Financial performance is already priced in. Expectations are priced in,…

> Expectations are priced in, and others probably have more information than you anyway. I have always made money on the stock market. I bought Nvidia in December 2022 and then again in April 2023. Yes the information was out there - anyone reading this board back then could see it. Or who saw Emad Mostaque's tweets that Stable Diffusion was trained on Nvidia, or who knew the semi-public information that OpenAI train…

https://xkcd.com/1827/

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

#419

Post by ghxst »

hipadev23 wrote: post #318
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…

When I was 13 I had a paper route and mowed lawns, and with those earnings I spent about $75 per month on video games and comic books, easily exceeding $500 over a year.

This to me on a surface level this seems totally fine, however I can't help to feel conflicted when that money is being spent on some of the more "predatory" games like gachas, however I'm not sure if it's really too different from kids spending their money on pokemon cards either. Do you feel different about those or would you say it's the same thing?

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

#420

Post by herval »

beacon294 wrote: post #355
herval wrote: post #255

Earlier quoted context omitted.

You might have learned the wrong lesson there, if your goal is to build wealth. But it’s a good idea to prevent losses

Not really, indexing beats hedge fund managers over something like a 12 year stretch.

hedge funds are not the same thing as picking individual stocks. Not even close. Index funds are an averaging mechanism to reduce risk, not to maximize return (you can easily beat the average by allocating on the p75 instead for instance)
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