4 ms·

They absolutely shouldn't play unless they like losing money. It is extremely hard for professional investors to beat the market who spend all day every day wo

They absolutely shouldn't play unless they like losing money. It is extremely hard for professional investors to beat the market who spend all day every day working on it. It is basically impossible for a collection of retail investors to beat the market. At best, retail investors are simply gambling.

autokad 7y ago
> "At best, retail investors are simply gambling." that's just not true and is a gross over simplification. for one, not beating the market is NOOOOOT the same as losing money. For another, even if they do not beat the market, there are a lot of other benefits. People gain an understanding of how things like bonds and equities work. I cant tell you how many people (masters degree included) think you can loose more money than you invest by buying a stock. I seen someone literally not participate in 401k matching because of that thought. there is something to be said about having greater control over one's money. When someone says lets eat out at this expensive 150$ plate restaurant, I think gee I can buy X shares of Y stock instead. I personally have already maxed out my 401k, and if I want to retire I need to contribute more. currently I am beating the market, and I have little care if 'the average investor' isn't. it gives me something to do, empowers me, and is not 'at best' gambling.
- wtvanhest 7y ago
  If you can beat the market over a 10-15 year period, you are in a very small group of extremely fortunate individuals (some of which are simply lucky). If you have beaten the market over the last 1-5 years, you likely invested in particular factors without really knowing it. Once those factors lose favor, you will significantly under perform the market. I personally invest primarily in well diversified, extremely low cost ETFs and I buy 1 - 2 positions a year outside of that portfolio (right now the main one is bitcoin for me). But, I'm always looking around for something that I think can be a 10X return. But... I rely on my primary diversified portfolio for my retirement and the single 1 or 2 investments I make outside of that are for fun, knowledge and I fully acknowledge gambling.
- lapnitnelav 7y ago
  >When someone says lets eat out at this expensive 150$ plate restaurant, I think gee I can buy X shares of Y stock instead. Nothing wrong with being investment savvy and all that jazz but obsessing over it doesn't sound healthy. People can enjoy a fancy plate or 2.
  - Dylan16807 7y ago
    Enjoying things is fine, but as someone without "fuck you money", 90% of the time I'd get more enjoyment out of a $20 plate and the ability to retire a day earlier.

autokad 7y ago

> "At best, retail investors are simply gambling." that's just not true and is a gross over simplification. for one, not beating the market is NOOOOOT the same as losing money. For another, even if they do not beat the market, there are a lot of other benefits. People gain an understanding of how things like bonds and equities work. I cant tell you how many people (masters degree included) think you can loose more money than you invest by buying a stock. I seen someone literally not participate in 401k matching because of that thought. there is something to be said about having greater control over one's money. When someone says lets eat out at this expensive 150$ plate restaurant, I think gee I can buy X shares of Y stock instead. I personally have already maxed out my 401k, and if I want to retire I need to contribute more. currently I am beating the market, and I have little care if 'the average investor' isn't. it gives me something to do, empowers me, and is not 'at best' gambling.

wtvanhest 7y ago
If you can beat the market over a 10-15 year period, you are in a very small group of extremely fortunate individuals (some of which are simply lucky). If you have beaten the market over the last 1-5 years, you likely invested in particular factors without really knowing it. Once those factors lose favor, you will significantly under perform the market. I personally invest primarily in well diversified, extremely low cost ETFs and I buy 1 - 2 positions a year outside of that portfolio (right now the main one is bitcoin for me). But, I'm always looking around for something that I think can be a 10X return. But... I rely on my primary diversified portfolio for my retirement and the single 1 or 2 investments I make outside of that are for fun, knowledge and I fully acknowledge gambling.
lapnitnelav 7y ago
>When someone says lets eat out at this expensive 150$ plate restaurant, I think gee I can buy X shares of Y stock instead. Nothing wrong with being investment savvy and all that jazz but obsessing over it doesn't sound healthy. People can enjoy a fancy plate or 2.
- Dylan16807 7y ago
  Enjoying things is fine, but as someone without "fuck you money", 90% of the time I'd get more enjoyment out of a $20 plate and the ability to retire a day earlier.