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If you want to learn from other people's mistakes check out: https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/ It's literally a
by JacKTrocinskI 6y ago
If you want to learn from other people's mistakes check out: https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/
It's literally a site with people gambling on the market but you can learn a lot from that too, it's a fun place.
On HackerNews you're going to get a lot of Boomers' advice telling you how to be safe with your money with low risk low reward investing. You should try following some of the advice on here but also try learning about other things because honestly you're young and you can make some mistakes just set aside a small fund for learning with.
- jshaqaw 6y agoI'm not a boomer. I am a market professional for whatever that's worth. Yes with age there does often come less risk tolerance. Money is a more serious thing when one is older with responsibilities, bigger dollars involved, and generally higher stakes for mistakes. But there is also some element of experience. I've worked as an investor since 2003. This year is the first time in my entire career you have really seen significant popular retail interest in individual stocks. The 2000 crash just wiped out that sentiment for 20 years. There are many things this time which are different. There are also many parts of the market which are eerily similar. If you are 32 today then you were 12 playing video games the last time a market reckoned with sentiments like "valuation doesn't matter." Ancient history for the textbooks. Every generation needs to learn this lesson anew for itself by losing money. Someday then you can be the old fart telling youngsters that these speculative frenzies rarely end well.
- JacKTrocinskI 6y agoTotally agree