GME is the only time where investment is fine and dandy - you're not reaming over any workers, we're just getting scraps from a fight between some hedge-funds. And that's great, I'm in on it too. I love the memes, it makes me happy to see people share posts about being debt-free (hopefully I will be too when this is all over), being able to afford medical expenses, or just finally catching a break in this hell-year. This is the one time it's ok to invest in a stock. Suddenly turning around and wanting to "invest" is not great, and does not bring me joy. The gains you make trading stocks, are taken directly out of a workers pocket. It's not an honest dollar.
Shareholders and wall-street guys aren't hated because they're rich (exclusively). They're hated because they're parasites. They add no value, they do nothing.
If you are a stocktrader, or dependent on it for your life, I'm not trying to hit you with lifestyleism. You do you. But don't start asking for an investment community on a leftist forum - like we're not struggling enough with chuds. What are you gonna do; hit us with a quote from Marx, whilst putting out some info on why Target is the next big thing?

To make it big as a stock trader, you have to have a shitton of money already. Whatever it is you're working with, it's pennies compared to even the tiniest hedgefund (and if it's not :stalin-shining: wtf you doing here?)
If you make it big trading stocks, your material interests are directly opposed to that of the working class.
If you donate all your gains, you will not be able to effectively trade.
If you don't donate your gains, why are you doing this?
No matter what you do, you're expropriating wealth from workers. Who are you to decide where their money goes?

"They will sell us the rope..." "Marx was a day-trader..." yadayadayada
TRUE
Marx was a daytrader way back before high-frequency-trading. Stalin was a bankrobber, Lenin probably did some spooky shit too. A lot of those guys did a whole bunch of crimes. STEAL THE ROPE.

Sorry for the rant.

  • star_wraith [he/him]
    ·
    edit-2
    3 years ago

    Hey comrades in case you think you can rob capitalists by day trading in stuff like this, I promise you... the capitalists would absolutely LOVE for you to think that and will gladly take your money away. You're not gonna be robbing hedge funds by day trading in the future, GME is a pretty rare thing and in the big picture if the capital class suckers a bunch of people into day trading because of this they're gonna be the winners in the end.

    Academic finance is actually a pretty robust field. And the conclusion that most really smart people who study this come to is unless you can invest in large enough sums to move the market (i.e. buy a forest in New Zealand with Yale endowment money), anything other than buy and hold index investing is gonna lose in the end.

    • KiaKaha [he/him]
      ·
      3 years ago

      unless you can invest in large enough sums to move the market

      That’s where coordination via the likes of /r/WSB comes in.

      buy a forest in New Zealand with Yale endowment money

      The politics of forest investment in NZ are pretty wild. I’m not even joking.

      • star_wraith [he/him]
        ·
        3 years ago

        It means being invested in broad portfolio - like hundreds or thousands of stocks. Usually just meant to replicate the overall market.

          • star_wraith [he/him]
            ·
            3 years ago

            I mean honestly, yeah, it is a bit morally precarious to invest in that, too. Arguably though in order to survive in a capitalist world you need to save up, and saving anything involves being a part of capitalism, whether it's savings in bank or in the market.