4 ms·
Boomers tell zoomers to just stick to the fundamentals. Zoomers are tired of this crap.
by grenoire 6y ago
Boomers tell zoomers to just stick to the fundamentals. Zoomers are tired of this crap.
- deleted 6y ago[deleted]
- zhdc1 6y agoWhen ex-zoomer boomers tell zoomers to act more like ex-zoomer boomers, and not zoomer boomers, there's probably a good reason for it (at least when it comes to money).
- TameAntelope 6y agoZoomers aren’t old enough to be tired of stuff yet... Kidding, but there’s a real value in letting other people explain their mistakes to you in a way that helps you skip those mistakes, and I see a lot of that here.
- bilekas 6y agoZoomers are forever tired
- jackhack 6y agothe difference is that boomers have lived through more than one market cycle and we know an inevitable "correction/crash" is coming. The wise will take action in advance (e.g. move to cash positions) to lock in gains, then repurchase at what feels like the worst point of doom & gloom. A 50% loss needs a 100% gain to recover... Plus inflation. Factor in opportunity cost and it might be closer to 120%. The first and last lesson in investing is DON'T LOSE MONEY. Sadly, many have to learn firsthand that markets don't grow to the sky forever.
- icedchai 6y agoAlso, don't put all your eggs in one basket. It sounds cliche, but diversification is important. When the entire market crashes and you're down 30%, it will come back... in time. When your crazy YOLO stock crashes 90%, it may be done for good.
- loco5niner 6y agoFunny, every coach I ever had said "stick to the fundamentals". Probably just experience talking.