(03-12-2021, 07:10 PM)jagibelieve Wrote:

(03-11-2021, 05:58 PM)Bchbunnie4 Wrote: You sound pretty salty about what other people decide to do with their own money. Just sayin...

Not really.  I don't care what people choose to do with their money.  It's their choice.  What I do have a problem with is people that are clearly "gambling" in the stock market and selling it as "investing".  They are not the same thing.

A lot of "wealth" was made and lost during the dot-com bubble in the late 90's precisely on stocks such as GME.  No real value in the company, yet the price goes up.  People pile on and jump in thinking that the price is "going to the moon" only to have the company fold and the stock rapidly drop back to where it was (a penny stock).

I have said many times before that I seldom buy individual stocks.  Unlike some people I don't follow the moves of the stock market "real time" every day and I certainly don't pay much attention to after market trading or futures.  IF I choose to buy an individual stock it's only after doing some research and I limit my position.  I personally prefer ETF's and more specifically look at sectors.  I would rather hold a "basket" of stocks in a sector rather than single stocks of companies.  I also look at dividends.  

My strategy works for me (50's near retirement).  Someone younger I might encourage to be a bit more "aggressive" with investments.  Dividends might not be quite as important as the growth of the stock.

My point is the bottom line is that the stock market is not a casino.  Nobody "get's rich quick" like it's portrayed in some movies.  People getting into the market thinking that they are going to beat "the big hedge funds" isn't going to happen.

The concept of investing is "slow is smooth, smooth is fast".  I started investing at a late age in the early 2000's and learned that lesson.  I haven't made millions, but I am going to retire well before "retirement age".

You’re right, that is the key to investing, and there’s a difference between investing and day trading. I don’t know anyone that’s pushing day trading as investing, especially not on here. 

There is a whole industry that treats the stock market like a casino, and people do get rich from it. Some people make a little money from it and some people end up losing. It’s the way of the world. Winners and losers. As long as you know that going in and are smart about it, it’s no difference that heading to Vegas. Play with what you’re okay with losing, and hopefully quit while you’re ahead.

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