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

Post by hollerith » Wed, Dec 25, 2024, 1:01 AM UTC

Tade0 wrote: post #440

lm28469 wrote: post #251

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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's normal for 13 year olds to have strong opinions on such topics - they have plenty of time to refine them or even change their mind. I would be more worried about those who by this age didn't develop any interest in geopolitics - it affects them all the same but they typically don't understand why and pick whatever source tells a more compelling story.

Post by farceSpherule » Wed, Dec 25, 2024, 1:01 AM UTC

Post by dgacmu » Wed, Dec 25, 2024, 1:07 AM UTC

jncfhnb wrote: post #194

dgacmu wrote: post #70

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I have net managed to beat the market. My estimate is that I've earned approximately $3/hour for the time I've spent doing so. And I was trading in such thinly traded options that it wasn't a matter of "scaling up" - I was literally only able to make money because I was picking up the pennies nobody else cared about. (And/or trading on events that were were rare, obvious, and in an area I understood, which also doesn…

Folks have an unhealthy mentality about beating the market, imo. You don’t need to beat the market if you’re not a fund manager trying to advertise your record. You just need to do well. The market is up 27% YTD. Most global trends suggest, to me, a greater centralization of wealth into the US. Just dumping everything into the SP500 is likely more than great for 99% of people for the near future.

Post by liontwist » Wed, Dec 25, 2024, 1:13 AM UTC

carlosjobim wrote: post #396

cherryteastain wrote: post #381

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> 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.

I didn't mean the upside/downside on your investment, but on the asset. Most investment assets except for bullion can fall to 0. They can also increase without an upper limit, like for example Apple stock. The market being "high" or "low" is not remedied by dollar cost averaging.

Post by bluepizza » Wed, Dec 25, 2024, 1:25 AM UTC

mancerayder wrote: post #405

bluepizza wrote: post #195

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> Like with everything else, using your brain cells can quickly make you realize it's a lot more than "gambling" Which sounds similar to how gambling addicts report their thoughts on their addiction - that they are smart enough to learn poker, or they know enough basketball to be able to predict outcomes. Like with everything else, some research and data interpretation shows that with the remarkable exception of two…

>Which sounds similar to how gambling addicts report their thoughts on their addiction - that they are smart enough to learn poker, or they know enough basketball to be able to predict outcomes. Some people are smart enough to learn poker, and build careers out of them. And there are many books on poker. You picked a poor example.