Comment by hmmmmmmmmmmmmmm

Comment by hmmmmmmmmmmmmmm 12 hours ago

7 replies

I didn't invest and generally avoid anything other than s&p500, ftse 100 and just letting money compound over time (because if I wanted to really gamble I would go Las Vegas) but I wonder how many 'ordinary' people are silently getting burned out there by how much hype there is now online.

Joel_Mckay 11 hours ago

The stock market is not a place most amateurs make money. In some cases Vegas would give you better odds. lol =3

  • qnleigh 11 hours ago

    Unless you are talking about owning a casino, I can't think of any interpretation of what you are saying that is true. Index funds have a long history of steady growth. Las Vegas businesses make their profits off of the reliable losses of their customers.

    • Joel_Mckay 11 hours ago

      What people say they do, and what they actually do... are very different events. =3

      https://en.wikipedia.org/wiki/Sealioning

      • pinkmuffinere 10 hours ago

        I don't like your non-genuine engagement with this conversation. You've made outrageous claims, backed up with no data, and then seemingly pre-emptively linked to a page about trolling by asking for evidence. Well I'll ask you for evidence anyways lol. And I'll also give some that points against your outrageous claims: Retail investment in the stock market is at all time highs [1], and the percentage of investment in passive indices is also at an all time high [2]. It is _possible_ that retail investors are perversely fighting the trends and increasing their investments primarily by engaging in day-trade-esque behavior, but that would surprise me. Especially given that retirement accounts strongly encourage funds. I'd love to see some data pointing definitively either way though.

        [1] https://www.jpmorganchase.com/institute/all-topics/financial...

        [2] https://www.morningstar.com/funds/8-charts-us-fund-flows-202...

        • Joel_Mckay 10 hours ago

          >You've made outrageous claims, backed up with no data

          In general, over the long term most amateurs do better investing in real-estate rather than the stock market. This is a well proven fact true for over a century, and making it some sort of personal argument is bizarre behavior.

          You can spend 30 seconds looking it up, or continue to shovel your BS. =3