Also remember when General Electric was a “sure thing” investment for life? Time and time again there are examples of why many high flying blue chips like the FAANG stocks will crash and burn sooner or later. Diversify. Don’t buy individual stocks. Index only. I personally believe offering individual stocks on any trading platform to millions of financially clueless people is irresponsible by the broker and they should require hoops to jump through before one can make such risky and reckless investments.
So true!
Whats your recommendation on which indices to invest in?
VTI VGT That’s all I hold and that’s all I will ever buy.
A broad based index fund with low fees. A good example is VTI (or VTSAX which is its mutual fund version)
Well, you could have short baba and made more money than vti, who asked to go long?
Yes I’m sure the financially clueless guy at home is qualified to short BABA 🙄 The stock was being bought by some of the worlds best investors at nearly double the current price. Shows you what they know. Index only bro.
Chinese stock will always bite you for sure.
The entire market is based on speculation and sentiment. Not sure if you’ve seen what’s going on in China, especially related to Evergrande, but the alarm bells have been ringing for the entire Chinese economy for some time now (Evergrande defaulting has put the entire Chinese economy at risk, and this has been public information since at least mid September, approximately when BABA stock plummeted). Index funds are fine and all, there’s also something to be said for picking companies you strongly believe in, doing research, and investing in them, and paying attention to the global news.
Most people can’t beat the market in the long run by picking individual stocks. Very few people like Warren Buffet have pulled that off.
Warren buffets father was a rich congressman. There were no insider trading rules back then. Buffet got his fathrrs friends to invest in his funds. The original pelosi.
Have BABA’s long term prospects changed? Volatility is not risk, volatility is opportunity for the long term investor. I agree people should think very very hard about individual stocks and most should just index.
bitcoin solves this
You need to have good insight/knowledge of the sector and industry to buy individual stock. But even then, you should only put low percentage of your portfolio, regardless of conviction level. Buying BABA, however, is pure madness. Any Chinese stock can get fucked due to politics. BABA getting fucked by CCP was pretty obvious to anyone with some insight on China. I made a post a year ago warning against it, especially for people clueless wrt China, but people love to try and catch a falling knife. In general, buying Chinese stock is just gambling. You don't own anything, don't have shareholder rights and gov can ban your industry, nationalize you, "ask you to contribute" to socialism any day.
I agree but I don’t think think it’s irresponsible to have them offered on a platform. The point is to offer access to capital markets, not limit someone to specific investments. That said, most can’t beat the market, including equity analysts, hedge funds, etc. so I agree it makes sense to index for the vast majority of people. You can custom index with individual stocks too.
India
Yesterday
704
Who are these retards asking for dictatorship in India?
Software Engineering Career
Yesterday
1455
Offers after multiple months of prep
2024 Presidential Election
Yesterday
689
Heartwarming peaceful protests
India
Yesterday
648
Modi is a legend, will be remembered for centuries to come
Tech Industry
Yesterday
1521
The end of Backdoor Roth?!
You meant Chinese stocks?
CATL wants to have a word with you :)
Wait til yellow bear call you out 🐻🍯