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| ▲ | giveita 3 days ago | parent | next [-] |
| Err... that sounds like gambling sir |
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| ▲ | dgb23 3 days ago | parent | next [-] | | That's why passive index funds and a hands off approach are so often recommended. You cannot really mess up much by buying the whole market and then sitting on it long enough. | | |
| ▲ | dash2 3 days ago | parent [-] | | Unless you buy the S&P 500 and like half of it is the Magnificent 7, partly driven to that proportion by meme stocks and options gambling. |
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| ▲ | Scoundreller 3 days ago | parent | prev [-] | | Wait until you read about options! | | |
| ▲ | giveita 3 days ago | parent [-] | | Yeah "that'll go up" but now you have to know "when" and "when do I stop that bet". |
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| ▲ | Yoric 3 days ago | parent | prev [-] |
| So you think it's going to raise further? |
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| ▲ | ethbr1 3 days ago | parent [-] | | No, they were just scared of missing out. | | |
| ▲ | giveita 3 days ago | parent [-] | | I stuck some money in Uber at 90 recently based on fundamentals. I might be wrong but at least I used a calculator to be wrong :) and will learn. It needs to beat Sp500 to be considered right. | | |
| ▲ | Retric 3 days ago | parent [-] | | Saying it’s “right” based on outcome alone is like saying ~half the people in Vegas and betting on black made a good decision. You can win and still have made a poor decision. A better approach is to look at the full range of your bets and try and decide if the betting strategy was good. But that gets difficult when you consider outcomes are linked through wider economic trends. |
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