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Sounds like gatekeeping. This isn't uncommon, I've done a fair amount of day trading and I've invested in many companies that I know nothing about aside from th
by SnowingXIV 9y ago
Sounds like gatekeeping. This isn't uncommon, I've done a fair amount of day trading and I've invested in many companies that I know nothing about aside from the numbers look good. They have healthy financials or it's a pharma company about to get a patent (protip: I know nothing about how they make it or any of the chemistry). That's how people are approaching this and it's/was growing. Now, I would say this is similar to betting on a penny stock that could basically go bankrupt the next day. I've received those letters, fun stuff but it's a gamble. Don't treat it as a 401k or a saving account, it's not. It's speculative 100%.