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One of the reasons r/wallstreetbets got created was they felt that the buy & hold strategy wasn't going to work for them (hurt from the crash of 2008, were bein
by chiph 6y ago
One of the reasons r/wallstreetbets got created was they felt that the buy & hold strategy wasn't going to work for them (hurt from the crash of 2008, were being taken advantage of, general disillusionment, etc.), so they'd rather bet big and hope for a winner. The culture there celebrates winners, but they also admire the people who go down in flames.
Personally, I am getting "dot-com" vibes from the market, back when lots of people lost money day-trading on companies with no value. I'm selling right now, not buying.
- f00zz 6y ago> "dot-com" vibes from the market Same, but with negative real interests rates all over the world I don't know where else I can park my savings. I've been buying low-volatility stocks in boring sectors (utilities, etc) that pay good dividends.
- kridsdale1 6y agoLand.
- chiph 6y agoThat depends on your timeframe, acceptance of risk, liquidity needs, and the other usual suspects. I will reevaluate my decision in about 6 months, so I'm happy to keep it in cash for now (earning bupkis, but very low risk and easily used to buy in again).