4 ms·
What are people doing that requires this?
by jgrahamc 6y ago
What are people doing that requires this?
- odiroot 6y agoBeing bored at a desk job, would be my guess.
- person_of_color 6y agoYep, many FAANG employees got rich trading during lockdown.
- valuearb 6y agoThey all went busto yesterday.
- Cthulhu_ 6y agoOnly if they went all in on an overvalued meme stock like GME; if they put money in an index, like the one that follows the S&P 500, they would be up by anywhere between ~10% and ~45% depending on when they got in. Long-term, broad-spectrum trends have always been upwards. TL;DR don't bet all your money on one horse. stock. whichever. (This is not financial advice, I am not a financial expert, and results from the past are not representative of future results)
- frockington1 6y agoMarket was up almost 2% yesterday, great day for anyone over the age of 20
- doovd 6y agoCan't tell if this is sarcasm but this is, on balance of probabilities, not true.
- frockington1 6y agoLockdown was an incredible easy time to make money. The market is up over 50% from the lows. Was an incredibly easy time to make a lot of money with very little effort or skill
- mschuster91 6y agoPeople who had the spare cash lying around to "buy the dip" of the March 2020 crash (https://en.wikipedia.org/wiki/2020_stock_market_crash https://en.wikipedia.org/wiki/2020_stock_market_crash) caused by coronavirus panic and held their stocks until now have enjoyed 58% growth of their investment even when picking dumb index funds (e.g. S&P 500: 2237.40 at 23.03., current 3826.31). Crises of this magnitude always benefit those with liquid assets / cash who can afford to buy out those who have to exit out of (financial) pressure and ride out the crisis. The 2008ff crisis was just the same - whoever bought a house at fire-sale foreclosure rates back then now has a lot of net worth.
- deleted 6y ago[deleted]
- palebluedot 6y ago"Require" might be a strong word. But here is why I find this project attractive: I like to check out my watchlists and stock investments occasionally when taking a quick break. But, I want to avoid being sucked into the browser where the temptation is strong to check out reddit/hn/twitter, and then lose 15-20min. With this, I can just keep a terminal tab that I can flip to with a hotkey. This way, I won't leave the terminal, and the risk of additional distraction is lower.
- valuearb 6y agoPsychology, monitoring long term investments closely is a bad idea. Very seldom is price information actionable, and can easily lead to frustration or boredom induced action. 99.99% of investors should buy and hold and forget. If you have the intelligence and interest to earn your CFA, you should do your valuation analysis to set your buy and sell prices for potential targets, and ignore their price action until they near a target range.
- smabie 6y agoWhat if your investments aren't long term?
- valuearb 6y agoThen you are not an investor, you are a trader. And if you are a trader, you shouldn’t be distracting yourself by writing code during market hours.
- palebluedot 6y agoNot sure if I agree, although I'm sure it varies per person. I've been investing for > 20 years, and I enjoy watching the daily movement as it helps me keep a mental model of trends and performance. I seldom sell, but do buy regularly, and I think having this information frequently refreshed in my brain has helped my performance (of course, no way for me to do an A/B comparison there, so I can't assert it as fact).
- tyingq 6y agoI imagine it might show up in the background of some FinTech hacker movie at some point.