5 ms·

VTI is down 13.5% in the last three months, didn't non-meme/non-day traders also lose a lot of their gains for the previous 12-months? This seems like bait for

VTI is down 13.5% in the last three months, didn't non-meme/non-day traders also lose a lot of their gains for the previous 12-months? This seems like bait for those who were predisposed to believe this anyway.

twblalock 4y ago
Based on today's prices, VTI is about where it was in February 2021 and if you'd bought and held before then, you'd have made gains. But that's not really the point: the question is, who performed better? At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors.
- deleted 4y ago
  [deleted]
- mbesto 4y ago
  > At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors. That's because very few people actually outperform, on average, index investors. Memes or otherwise.
timr 4y ago
The whole market is down, but when you consider that (for example) Netflix is down >70% from November 2021, it's a different level of drop. It's sort of impressive that GME is still holding out at around $100, however...
- paxys 4y ago
  Netflix wasn't even a "meme stock". Some companies will do worse (and some better) than others at any given point in time, that much is obvious. There's definitely a correction afoot, but twisting the narrative into "see you shouldn't follow the online hype, instead invest into wherever we tell you – Bloomberg" is pretty deceiving.
- FormerBandmate 4y ago
  GME is propped up by a cult with almost millenarian views of the stock market. It’s more like a giant penny stock scam from the 00s than anything
  - TheHypnotist 4y ago
    Right. The money was that was to be made was made. Everyone else is holding the bag now.
- kevin_thibedeau 4y ago
  Netflix has a fundamental problem with its business burning money to make mediocre content because it can't license much of the top tier any more. It has no moat and its tech is no longer special.
  - marto1 4y ago
    Didn't you just describe most silicon valley VC funded startups ? I feel like you can replace Netflix with a lot of other companies, throw in their well known weakness and it would still make sense.
    - kevin_thibedeau 4y ago
      A startup is notionally providing a novel or best in class service that VC investors are gambling on. Netflix's best days are behind it.
gruez 4y ago
Look at the chart in the article. It seem to have defined the "meme stock era" as starting in jan 2020, and compared the performance of "estimated retail trading" against "S&P 500 total return". During that timespan the former lost all gains, but the latter is still up around 20%.
omegalulw 4y ago
Can someone tell me if this is a good time to invest? Or would it go lower? Just looking to invest in VTI, nothing else.
- shpx 4y ago
  Nobody can tell you that because no one knows.
- cercatrova 4y ago
  Time in the market beats timing the market. Dollar cost average money into VTI every month automatically from your bank account and forget about it.

twblalock 4y ago

Based on today's prices, VTI is about where it was in February 2021 and if you'd bought and held before then, you'd have made gains. But that's not really the point: the question is, who performed better? At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors.

deleted 4y ago
[deleted]
mbesto 4y ago
> At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors. That's because very few people actually outperform, on average, index investors. Memes or otherwise.

timr 4y ago

The whole market is down, but when you consider that (for example) Netflix is down >70% from November 2021, it's a different level of drop. It's sort of impressive that GME is still holding out at around $100, however...

paxys 4y ago
Netflix wasn't even a "meme stock". Some companies will do worse (and some better) than others at any given point in time, that much is obvious. There's definitely a correction afoot, but twisting the narrative into "see you shouldn't follow the online hype, instead invest into wherever we tell you – Bloomberg" is pretty deceiving.
FormerBandmate 4y ago
GME is propped up by a cult with almost millenarian views of the stock market. It’s more like a giant penny stock scam from the 00s than anything
- TheHypnotist 4y ago
  Right. The money was that was to be made was made. Everyone else is holding the bag now.
kevin_thibedeau 4y ago
Netflix has a fundamental problem with its business burning money to make mediocre content because it can't license much of the top tier any more. It has no moat and its tech is no longer special.
- marto1 4y ago
  Didn't you just describe most silicon valley VC funded startups ? I feel like you can replace Netflix with a lot of other companies, throw in their well known weakness and it would still make sense.
  - kevin_thibedeau 4y ago
    A startup is notionally providing a novel or best in class service that VC investors are gambling on. Netflix's best days are behind it.

gruez 4y ago

Look at the chart in the article. It seem to have defined the "meme stock era" as starting in jan 2020, and compared the performance of "estimated retail trading" against "S&P 500 total return". During that timespan the former lost all gains, but the latter is still up around 20%.

omegalulw 4y ago

Can someone tell me if this is a good time to invest? Or would it go lower? Just looking to invest in VTI, nothing else.

shpx 4y ago
Nobody can tell you that because no one knows.
cercatrova 4y ago
Time in the market beats timing the market. Dollar cost average money into VTI every month automatically from your bank account and forget about it.