Star fox tried to warn us!
Speaking of which, I’ve always been curious to try “investing in stocks”, but have no idea how. Does anyone have tips on starting?
Roth IRA. put 10% in each paycheck.
If you’re instead looking to trade stocks like Pokemon cards, there are plenty of apps that let you do that. And just like Pokemon cards, you’ll put more in than you’ll ever take out if you trade like that.
Buy the dip, hold. You’ll either eventually come out ahead or the company you bought will dissolve.
As long as he isn’t turning them over in trades, or overweighting his purchases, he can pick stocks like Pokémon cards and do fine. Plenty of buy and hold investors beat the indexes and the ones that don’t usually aren’t that far behind.
Step 1 is to never get any advice from a meme community
- Don’t seek advice on a meme forum
- Use common sense, a company that has had profits for the last 5 years is probably a good investment.
- Seek information online, with the biggest grain of salt imagineable. If an investment bro or comment online seem manic or urgent, it is a bad investment. Those are the people you are suppose to be profiting from.
Absolutely not a stunning revelation. Stock brokers and others in the industry have always used betting terminology pretty openly.
It is gambling attached to a ponzi scheme. It kind of works so long as growth can keep up, but if it ever stops and reverses for any reason…
Unrelated, how are sea surface temperatures going nowadays?
Glad you asked!
It’s pure profit! That line just won’t STOP going up!
Is this what they mean by ‘Line must go up’? 😕
Shoreholders want it warm
Agriculture is gambling.
It’s also the origin of interest.
No, because you still have to do work and make a product when farming. The same can’t be said for gambling.
the activity of risking money on the result of something, such as a game or horse race, hoping to make money
Agriculture fits: you put in resources and hope that weather/pests/etc. will leave enough for you to survive
I’m pretty sure hunting and foraging is gambling too.
No, that’s gaming
I wouldn’t say that common stock trading is gambling, but futures and options trading definitely is.
The way stocks are meant to work, it isn’t gambling. It is an investment in a company in order to help them grow and gain a return from that.
The way people use it now, it is gambling.
As a futures trader, I can confirm that trading futures is gambling. Like poker, if you know what you’re doing, you can make a living. Most people can’t make a living playing poker, and 95% of traders are not profitable.
it’s educated gambling where the house has significantly less of an edge (or at least appears to)
gambling has negative expected value, the house always wins in the long run.
the stock market has pretty much always trended up over time so if you just buy a bunch of stuff and wait a while you will pretty much always win. (you can still gamble with stocks, it’s just that stocks are fundamentally different and you can also not gamble)
yes, however it is at least theoretically possible for those with a controlling stake in enough companies to manipulate the entire market in a way that makes that strategy lose
“Appears” being key.
It may look like gambling, but it’s actually fraud.
Could not find a less jpg version :/
Pornography is either fraud (nobody looks like that, nobody fucks like that, etc.) or gambling (you’re looking at something hot and sexy until, catastrophically, you aren’t).
what about the drawn verity?
Like real gambling it’s all fixed by the mob.
The mob used to be cool, pretending they were in the god father and feuding amongst themselves.
Now it’s all peptide blood boy tech moguls who always look wet for some reason.
The telltale sheen of SHARK TESTOSTERONE
Andrew Beyer’s horse racing book “On Speed” (from the 70/80’s iirc?) showed that a long while ago the basic math for the stock market is very much similar to how paramutual horse / dog betting works.
it is gambling all the way down.
Put gatcha and all them mobile games alike and yeah.
Hey kids! We heard you like video games! How would you like to foster a gambling addiction while playing them?
We’ll make them free-to-play and help you develop these lifelong habits in your youth! Yay!
Honestly… Yeah. Outside of insider trading, there’s no real way to know what the future holds, so every stock and every bond is just a gamble with varying levels of risk (or Crypto if you like getting rug-pulled over and over)
Life in of itself is way more about being lucky than most people at the top would like you to think about
While this has changed, used to be you could look at the financials of a company and determine whether it was a reasonably good long-term investment, so you could pretty consistently build wealth with a diverse array of investments. With algorithmic trading down to the millisecond, much of this has gone out the window
Yeah, I was going to say something similar. What job you take, where you decide to live, friends you make all have a risk/reward element to them.
That being said I do believe there is a big difference between polymarket/prediction markets and stocks (or at least some stocks). Prediction markets is either betting on pure chance or against insider knowledge. Technically stocks should be seen as investing in a company (especially ones that pay dividends). Could a company run into hard times and lose you money, sure, but there is at least a bit more freely available information on that available to you.
Using Overwatch crates, when it was Valve’s TF2 that started off the whole thing…
true…
also atleast TF2 you can buy the items separately
I was watching the World Series last night and made a comment in a chat about how ads and companies these days in the US are just one grift after another. Seriously, the ads were:
- AI (multiple companies)
- Medications that are borderline poison but somehow get approved anyway
- Kalshi and other betting platforms
The US creates problems for its citizens and then finds ways to sell them the cure. All of this has accelerated over the years and it’s just going to get worse.
Spouse was just watching something on some free streaming app and all the ads are ai generated and scams aimed at old people. This one was about some fake life insurance claims when it flashes a 1-2 second picture of this at the end where it tells you if you call they will add your information to their databases and sell it and you choose to void your rights and take yourself off the national do not call list…
My mom got hit with this kind of shit. It’s the reason she ended up with 10 car warranties. I overheard her answer the phone one day while I was at her house and it was the parasite warranty company again. I ripped that motherfucker a new one. Made him tell me exactly how many warranties he can see that she had prior, made him cancel them all while I was on the phone, all with the threat of legal recourse. After all of that, I told him to get a real job and to stop fucking over the elderly.
A country that allows this, knows exactly what it’s doing. Just like the US government knew what it was doing when it repealed gambling regulations in 2018.
Jokes on you, I put all my savings in USD in 2000 and I’m only down 50%. I just gotta keep putting more in, I’ll win eventually.
Prospecting is gambling
And be very wary regarding any person telling you something is “Economics 101” - they are full of shit.
Thanks for sharing!
