This one is kinda funny because it's so absurd, and also anyone with 32k to invest in the first place can't be doing that badly. However, it's fucked up how gambling on your phone, sports and crypto as well as stocks, has just been completely normalized over the last couple of years.

This also might be a glitch (the number looks suspiciously close to the 32 bit max). But in that case it's fucked up how people's live are so controlled by completely unaccountable tech companies who don't provide support unless you're a corporate customer with millions of dollars in monthly spending.

  • SaniFlush [any, any]
    ·
    2 years ago

    The stock market is made entirely of fairy dust and cobwebs. Completely imaginary.

    Doesn’t mean it can’t hurt you.

      • aqwxcvbnji [none/use name]
        ·
        2 years ago

        Investing in companies you think will succeed makes sense.

        If you have the recources to do it: don't. Invest it in index funds. It's less sexy, but it won't drag you down.

        You'll be beheaded after the revolution in both instances, offcourse, but your life beforehand will be better.

        • invalidusernamelol [he/him]
          ·
          2 years ago

          Just put it in a money market account with your credit union. The one I go to returns 3% per year plus dividends. And it's accessible at any time with no fees.

      • Tachanka [comrade/them]
        ·
        2 years ago

        even investing in companies you think will succeed is still gambling. All the careful research in the world can't account for a sudden disaster.

          • Tachanka [comrade/them]
            ·
            2 years ago

            I'd argue that if anything short selling is the safer bet in the long run because of the tendency of the rate of profit to fall.. Why bet on the success of startups when you can bet on the inevitable failure of overhyped bubbles? I don't do either, just my 2 cents.

      • betelgeuse [comrade/them]
        ·
        2 years ago

        You're not supposed to use options like wsb uses options. Anyone who strictly trades one asset class isn't investing properly. You're supposed to use options as a way to unload risk and reduce exposure on stocks you own. It's one tool in a portfolio that you don't use all the time. You don't even buy/sell stocks all the time. Sometimes you get out of stocks completely. Sometimes you do forex. Sometimes you don't invest anything at all. Sometimes you do bonds.

        You should be constantly rotating positions/assets based on your needs and your appetite for risk. For most people that means only selling options when you need to.