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Articles like these are to me indistinguishable from subtle trolling. The person the article leads with just bought a house, a duplex, an 8 unit apartment compl
by gizmo 4y ago
Articles like these are to me indistinguishable from subtle trolling. The person the article leads with just bought a house, a duplex, an 8 unit apartment complex, has a good sized stock portfolio, and has a good job to boot.
How is this person getting “squeezed”? He isn’t. People just get greedy when the stock market goes up and then they overleverage and tell themselves they’re on the cusp of getting rich.
Investor psychology makes people take riskier bets when they see the number in their account go up, despite every investment book explaining why you should do the opposite and derisk during a mania.
- vidanay 4y agoIt's like those fake Q&A "articles" you see on Yahoo Finance and Google Finance. "I'm 52, my house is paid for (worth $1.2 mil), I have $3.7 mil in the bank, my wife and I make $375k combined. Will I be able to retire?"