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> Trying to pick individual stocks or sectors is hard. Any investor could tell you that picking individual stocks and even sectors is generally not a good idea
by gjsman-1000 3y ago
> Trying to pick individual stocks or sectors is hard.
Any investor could tell you that picking individual stocks and even sectors is generally not a good idea. Diversification, Diversification, Diversification. Mutual funds, Index funds, Bonds, Treasuries, maybe some foreign currency. Everything else is today's gimmick.
This is also why people are generally warned that Day Trading is not a good idea to get into. Getting 2% return on a single day is generally easy. Getting 2% return every year, consistently, on the stock market during bull and bear markets will have you a paid job on Wall Street.
Plus, always remember how quickly it could end. Sudden strikes on Taiwan and a naval blockade; or just a really bad earthquake or two; and almost the entire tech market would be sent reeling.
- paulpauper 3y agoSudden strikes on Taiwan and a naval blockade; People have been predicting this for years now. you could be right, but it's one of those things that seems like it should happen, but it doesn't. time on the sidelines is time wasted that could be invested. but index funds are the best bet for most people, i agree.
- jprd 3y agoTruth. Republicans in U.S. could blow up the world economy any hour now, seeing as there is no debt ceiling agreement to vote on or debate, yet. That said, I'm still feeling the FOMO (again) too.
- i2cmaster 3y ago[flagged]
- gjsman-1000 3y ago> Republicans in U.S. could blow up the world economy any hour now Well, for context, that's not quite accurate even if I question the "hostage" taking. They did pass a bill raising the debt ceiling in the House, the Limit, Save, Grow Act, but the provisions in it for cutting spending are either (depending on who you ask) a nonstarter or a tough opening bid for negotiations. What also makes it tricky (and where I think blame is shared), is... guess who had control of the Senate and House for 2 years. The debt limit could have (though I am not a policy maker) been increased to, you know, a higher level where this wouldn't be happening, right? Which, even Axios is reporting, there are regrets internally for how completely foreseeable and preventable this was. https://www.axios.com/2023/05/23/democrats-debt-ceiling-regrets https://www.axios.com/2023/05/23/democrats-debt-ceiling-regr...
- paulpauper 3y agoso much for higher interest rates meaning sobriety. another narrative falls.