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Though I agree with the general attitude, when everyone has heard about it, it's already too late. However, this article also strikes me with a bit of snobbery
by pedalpete 5y ago
Though I agree with the general attitude, when everyone has heard about it, it's already too late. However, this article also strikes me with a bit of snobbery that only the financial experts should know about financial markets.
I prefer the Peter Lynch approach of investing in what you know (or think you know) rather than just on the news of what you hear. This is something available to everyone. Think about what YOU like, what future you see, and invest in things that are creating that future. If you're wrong, you maybe lost money but supported something you believe in. But if you're right!!!
I think of this with the argument of beanie babies vs crypto. Did anybody really thing "beanie babies are going to change the world because..."
- i_am_jl 5y ago>that only the financial experts should know about financial markets I didn't get that at all. I got "only people who understand the risks from being in the market should be in the market" and "if there's a ton of uninformed money in the market, things are probably overvalued".