Why do so many people on blind pick individual stocks?

Apple
TrjD37

Go to company page Apple

TrjD37
Dec 24, 2020 37 Comments

Time after time data has shown that individual stock pickers significantly underperform the broader market because they always invest at the peak of the bubble and tend to sell low.

Yet so many blind investors seem to be chasing random tech companies by stories instead of valuation? Why? Is this just another bubble or is everyone on blind the next warren Buffett?#personalfinance #investments

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TOP 37 Comments
  • Facebook
    OlympusEM5

    Go to company page Facebook

    OlympusEM5
    How did your investments do this year, +15%?
    Dec 24, 2020 10
    • Amazon
      edxcg

      Go to company page Amazon

      edxcg
      Most of the people made profit this year. With gambling you’ll see a lot less success stories and a lot more failure story.
      I get it that you don’t have to be a genius to make gains during bull market, but for something so easy and so obvious, why would you not do that.
      Dec 25, 2020
    • Facebook
      OlympusEM5

      Go to company page Facebook

      OlympusEM5
      Every investment you make is gambling, even index funds. Some have higher risk and/or higher reward. The way you're using it is just to be dismissive of investments with high risk but also high long-term profit potential. If people lost a lot of monmey with high risk investments it usually means they have lesser skills than those who made profits. It's only "easy" if you know what you're doing, because then it is literally just clicking buttons and watching money come in.
      Dec 25, 2020
  • Because I strongly believe I am capable to comprehensively beat the market averages over longer periods, regardless of the evidence to the contrary. Most people won't beat the markets, but some definitely will. I like to believe I am in the tiny minority.
    Dec 24, 2020 4
    • Facebook
      OlympusEM5

      Go to company page Facebook

      OlympusEM5
      @Amazon that's definitely not true, just look at all the blinders bragging about their 401ks and index funds. Those people have no delusions whatsoever about being in a tiny minority.
      Dec 25, 2020
    • Argo AI / Eng
      stonks up

      Go to company page Argo AI Eng

      stonks up
      Even the vast majority of people in index funds do not even match the performance of the market, due to diversification across asset clases. There’s nothing wrong with picking stocks to end up underperforming, that’s the risk that comes with concentrated positions.
      Dec 26, 2020
  • Airbnb
    valhala

    Go to company page Airbnb

    valhala
    Because you don’t get rich without risks. If you want to be super safe sure go for etfs but max you will get will be 20%. I’m fine to put some portion of my money for individual stocks, which is more riskier but can also bring more returns.
    Dec 24, 2020 3
    • Airbnb
      valhala

      Go to company page Airbnb

      valhala
      Yeah enjoy your 20% gains while I already made 5-10 years of your future profit in a year lol. You are pretty dumb to compare stocks like faang to lottery ticket. Keep believing whatever you want since seems like you don’t wanna hear opposite opinions.
      Dec 25, 2020
    • Amazon
      idon-tknow

      Go to company page Amazon

      PRE
      Microsoft, Oracle
      idon-tknow
      I agree with you Valhala, the TrjD37 isn’t reading properly.

      If anyone thinks buying individual good stocks is buying lottery tickets, then go buy all lottery tickets and you will be rich slowly 😜.
      Dec 25, 2020
  • Concentration builds wealth, diversity preserves it. We are trying to build wealth. Index funds are for boomers.
    Dec 25, 2020 0
  • Argo AI / Eng
    stonks up

    Go to company page Argo AI Eng

    stonks up
    You never hear about the investors who outperform because they keep a low profile.
    Dec 24, 2020 0