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Missing just 10 bad days can improve your fortunes too. But hey, if you keep putting money on the blackjack table you're bound to make some money eventually.
by labster 6y ago
Missing just 10 bad days can improve your fortunes too. But hey, if you keep putting money on the blackjack table you're bound to make some money eventually. As long as you don't need that money for anything, the stock market is harmless entertainment. But as a small-time investor, I remember that the house always wins.
- connor4312 6y ago> remember that the house always wins. In a casino, it's the impetus of the establishment to make money. In the stock market, it's the impetus of the shareholders to make money. If the house always wins[1], shareholders are the house. 1. This is a tenuous metaphor for the stock market--true in the US over long periods of time, but perpetual growth is not guaranteed.
- jjeaff 6y agoIn the case of equities timing, imo the house is not the shareholders, it's the investment bankers, hedge funds, and other major traders.
- deleted 6y ago[deleted]
- labster 6y agoRight. My ability to trade as a small investor is after all of the quants and algorithms take their cut trading the noise of the market. Meanwhile I have an account I can look at a few times a day at most. And then I have most of my assets 401(k) that can trade once a day, at most, at a time chosen by the company the next day in funds chosen by the company.