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No. Putting $500 for stocks of a company that you believe in and have a good product is absolutely not called getting lucky. Putting that $500 into penny stocks
by isatty 6y ago
No. Putting $500 for stocks of a company that you believe in and have a good product is absolutely not called getting lucky. Putting that $500 into penny stocks is.
- kqr 6y agoUnless you have information on that company's performance that professional investors don't have access to, then yeah, it's absolutely getting lucky. It is hard to overstate how ridiculously efficient the stock market is. If you think you're getting a bargain on the stock market, it's almost certainly because you're overvaluing the company, not because the market is undervaluing it. But sometimes when you overvalue a company you get lucky.
- isatty 6y agoBig boys often optimize for a much wider set than the $500 investor.