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Most people making active trades right now are certainly gambling, but has society really left them much choice? They can't leave their house, and boring invest
by lend000 6y ago
Most people making active trades right now are certainly gambling, but has society really left them much choice? They can't leave their house, and boring investments are significantly underperforming because the government has committed to low bond rates and printing enough money to dissolve your mattress savings and prop up equities at all costs. Add that real estate is insanely expensive (also a consequence of artificially low interest rates), and it shouldn't be so difficult to imagine why even intelligent people are playing the short term trading game which is approximately zero sum. It seems like the only way to get ahead, and it kind of is true (even though most will fall further behind).