4 ms·

I mean it's unfair to single them out IMO. Most people are losing money in the market right now.

dlp211 4y ago
Only if you are looking at it on a very short timespan. Those of us that have been VTSAX and chill for the past decade+ are still up plenty. Markets go up, markets go down too. That is why retail investors should buy broad based, low fee, index funds and not try to beat the market. There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities.
- alephnan 4y ago
  > There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities. You might be reading WallStreetBets too seriously and underestimating the financial literacy of people on there. At the very least, most of the people still there know what IV Crush is.
- thrwyoilarticle 4y ago
  Will you forgive me for not being impressed that you made more money in 10 years than the subjects of the article did in 1?
  - blockwriter 4y ago
    I think the idea is that the behavior of the subjects of the article will almost never lead to ten years of accumulating wealth. It will more than likely lead to losses after a term of one to three years.
    - thrwyoilarticle 4y ago
      But the behaviour of investing in VTSAX would also have left them with losses after one year. It was higher this time last year.
  - TameAntelope 4y ago
    The people in the article are down, and I'd personally rather be up than down...
    - thrwyoilarticle 4y ago
      VTSAX is down for the year too. So you'd still be down.
      - TameAntelope 4y ago
        Not over the past 10 years...
        thrwyoilarticle 4y ago
        Right, so the real sin was not being in the market 10 years ago, at the start of the greatest bull run in history. Not groundbreaking.
        TameAntelope 4y ago
        Didn't say it was groundbreaking, just said it's better to be slow and steady than focus on one year's worth of gains/losses. Short term wins is how gamblers think, long term gains is how investors think. Which one are you?

Only if you are looking at it on a very short timespan. Those of us that have been VTSAX and chill for the past decade+ are still up plenty. Markets go up, markets go down too. That is why retail investors should buy broad based, low fee, index funds and not try to beat the market. There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities.

alephnan 4y ago
> There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities. You might be reading WallStreetBets too seriously and underestimating the financial literacy of people on there. At the very least, most of the people still there know what IV Crush is.
thrwyoilarticle 4y ago
Will you forgive me for not being impressed that you made more money in 10 years than the subjects of the article did in 1?
- blockwriter 4y ago
  I think the idea is that the behavior of the subjects of the article will almost never lead to ten years of accumulating wealth. It will more than likely lead to losses after a term of one to three years.
  - thrwyoilarticle 4y ago
    But the behaviour of investing in VTSAX would also have left them with losses after one year. It was higher this time last year.
- TameAntelope 4y ago
  The people in the article are down, and I'd personally rather be up than down...
  - thrwyoilarticle 4y ago
    VTSAX is down for the year too. So you'd still be down.
    - TameAntelope 4y ago
      Not over the past 10 years...
      - thrwyoilarticle 4y ago
        Right, so the real sin was not being in the market 10 years ago, at the start of the greatest bull run in history. Not groundbreaking.
        TameAntelope 4y ago
        Didn't say it was groundbreaking, just said it's better to be slow and steady than focus on one year's worth of gains/losses. Short term wins is how gamblers think, long term gains is how investors think. Which one are you?