i thought for most people the point of this is to make life miserable for some hedge fund ghouls because its funny, and actually making money would just be a happy bonus?
obviously theres gonna be people on wsb yoloing their entire life savings on this cos thats kinda their thing, but i hope nobody here is putting in money they cant afford to lose
man some hedge fund ghouls for sure got fucked this time around, but also other hedge funds are making insane coin out of this, blackrock alone owns 15% of GME, they had an incredibly good day yesterday. i can't blame people who want to get their bag even or get in the fun just a bit, but treating it as some vendetta towards the capitalist class, let alone a successful vendetta, is a bit misled
they get paid either way because they get commissions even if their rich clients lose money, not because they've figured out how to beat the market
these complicated financial techniques exist for the purpose of making money from very specific movements in the financial markets. they do not help you predict those movements
it seems like a lot of you are taking away from this "wow I need to pay more attention to bubbles and get in at the right time"
this is exactly how normies lose all their money to beanie babies
the correct lesson is that bubbles are irrational and unpredictable and there is no way to correctly time the market
the only sane way for average people to make money on the stock market is to put your money in an index ETF and forget about it.
i thought for most people the point of this is to make life miserable for some hedge fund ghouls because its funny, and actually making money would just be a happy bonus?
obviously theres gonna be people on wsb yoloing their entire life savings on this cos thats kinda their thing, but i hope nobody here is putting in money they cant afford to lose
I can assure you than the hedgefund billionaires will be okay when the dust settles.
But the boomers wont and thats all that matters. Also some vulture capitalists might jump from their balconies
Yes but with a few less billions of dollars :sicko-yes:
There's not that many billionaires, it's probably safe to assume that at least one or two stock market ghouls will lose their livelihood over this so
man some hedge fund ghouls for sure got fucked this time around, but also other hedge funds are making insane coin out of this, blackrock alone owns 15% of GME, they had an incredibly good day yesterday. i can't blame people who want to get their bag even or get in the fun just a bit, but treating it as some vendetta towards the capitalist class, let alone a successful vendetta, is a bit misled
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people on wall street are also gambling, they're just using other people's money and get paid either way
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They are parasites
they get paid either way because they get commissions even if their rich clients lose money, not because they've figured out how to beat the market
these complicated financial techniques exist for the purpose of making money from very specific movements in the financial markets. they do not help you predict those movements