Invested in stock market . All the stock fell 30-50% even quality stocks.
Decided will not invest in stock market. So invested 4K in crypto like BTC and cardano
Now crypto is falling. Why can’t I swing successfully 🤣
Time to invest in google so that my bad luck comes to google stock too 🤣
My plan is to next curse these stocks:
- Google
- Tesla
- Nvidia
My core investments:
Wish
Twitter
Palantir
Facebook
Crypto
BTC
Cardano
Graph (GRT)
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comments
Just because your gambles didn’t pay off doesn’t mean you should avoid the market.
Basically the majority of stocks fail and tank while some stocks rocket, but overall the market generally goes up. The mathematical probability of randomly selecting ~10 great picks is close to 0%. That’s why you invest in index funds.
Another datapoint is the “next 100x stock” thread where Blinders posted their top stock picks. The average return of these was -1% while SPX was up ~25% in the same time period.
So if we collectively can’t beat SPX then why do you think you can? Even most hedge fund managers who work full time on this with 10s of researchers and financial advisors usually can’t beat the market (see Cathy Wood ARKx in the past year). If all of these can’t and you still think you can somehow beat them then you are either an idiot or have some extraordinary superpowers
I have rented lambo and picked up smoking hot girls in the club 😜