Once-in-a-generation
Once-in-a-generation
197 comments
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Kind of seems like the lesson is to buy the dip.
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If you are an insider into the chaos, can truly make a fortune from knowing crashes are about to happen, and then when the chaos is reversed.
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And not sell the fall
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This part I'm not on board with, because the majority volume is going to be doing that either way. Anyone who would see this advice would just be ruining themselves to make some vague statement if they followed it.
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Fair, it's too general to say. More specifically, pulling out because the market is down can just as easily lock those losses in when you'll recover them by simply waiting. Sure if you can cut your loss then do so, especially with stop loss. But if you're just using index funds there's less (or worse) of a point in reacting to the market. So it doesn't really apply to people who are more hands on.
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If you have the money to do that then you are the problem.
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Right, anyone who has 'the money' to make any kind of investment at all is 'the problem'.
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Nobody is worried about your penny stocks and you know that.
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A percentage is a percentage, regardless of how much money you have. Your reply was that
investinghaving 'the money' made me 'the problem' as if only wealthy people could buy stocks. I satirized that, because it takes very little money to invest in the stock market. Whether you have other reasons to choose not to do so is a different matter.-
Right, so you just chose to be offended at something you knew wasn't about you.
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I can't even make sense of what you're saying. You're the one who replied to me. Going to leave it at that.
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Not really. In today's world, a couple having assets of up to a few million is the equivalent of someone 50 years ago having a paid off house and a pension. That's the kind of assets you need if you want to finance a basic middle class retirement.
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That's usually a house. But yeah if they have a million in a 401k then they're part of the problem. Those funds are sitting in investment companies like Blackrock fueling the primacy of Wall Street over everything.
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Having a million in a 401k today is like having a pension 50 years ago. If you want to actually retire in this capitalist hellscape, that's what you need to have. A million in a 401k is like $40k/year of retirement income. And it's not like pension funds don't invest their savings in Wall Street either.
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Don't hate the player hate the game
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Except the players with the biggest headstart get to make up the rules of the game.
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So am I supposed to give away my money or what's the play here
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Nope, participation in a system that's forced on you isn't consent. But you can choose to do something to change the system. Get active, march, vote, organize.
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Oh no. No. No. No. The players make the rules. Shifting focus to the game being bad is a deflection as old as time.
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This would be a great argument if fractional shares didn't exist
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Sure because "buying the dip" in regards to a recession is totally about someone buying half a share and not corporations vacuuming assets out of the economy.
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Or penny stocks, or just general stock that isn't too expensive. I have a handful of shares of MVST. It's $1.77 per share.
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197 comments