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The more I read about the stock market the more I start to think about the negatives of EFTs and index funds. They’re like taking an antidepressant, the lows ar
by 486sx33 2y ago
The more I read about the stock market the more I start to think about the negatives of EFTs and index funds. They’re like taking an antidepressant, the lows aren’t as low but the highs aren’t nearly as high. The market was more volatile when more “retail” investors purchased individual stocks.
Lots of people lose big, personally my biggest loss was $WISH wow I got hammered there. Had it been an index fund that incorporated WISH I would have been more protected… then again my direct purchase of NVDA more than paid that back
Obviously 70k into 264M is insane and either is like one in a billion luck or the result of insider information
- kjellsbells 2y agoWeschler makes essentially the same point: if you dont have the time or desire to spend 24x7x365 thinking about money, index funds are for you. sed s/money/life problems/g. I think that people forget that these homely-sounding guys like Buffett and Weschler have serious, serious time and mental investments in thinking about money. Theyre not serious like you or I, maybe, who watch a few hours of Bloomberg each week. They eat, sleep, and dream about investing. Theyre basically money monks. Theyre also (and I think they would admit it too) lucky. You can make some of your own luck in investing, by studying businesses like these guys do, but you still need to be lucky. I observe that many of their investments eschew fashionable sectors like tech. I wonder if that is, again, making their own luck. I think Buffett would have choice words to say about investing in Nvidia for example.
- klamma 2y ago[dead]