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.
Right and my thing is... it's gambling but a lot of folks here are pretending that going forward there's some sort of "Marxist day trading" that will lead to free money for all comrades.
If you want to take some money to the casino to try and hit it big and pay off some loans... more power to you. Problem is placing bets on wall street is gambling with no better odds than a casino BUT people are going into this not realizing that's this is what's up.
I disagree with that.
People would say the same thing about fantasy sports but if you do the research and know your shit you can win consistently.
This is very similar, instead of players you’re looking at companies, researching the market, etc. it takes a lot of time and you’ll never have the resources to beat the whales unless you get lucky. But I think average folk can make it consistently good on this.
But no matter which way you cut it it’s always going to be exploitation of the working class. That money doesn’t come from no where, and if it did then it would devalue the rest of our money.
Do it if you feel you must to survive but don’t lie to yourself about it. If you start lying to yourself about it then you will eventually become what you’re fighting now.
The thing is, fantasy stakes are near zero. With investments, there's trillions on the line. It's not just you researching, there's so many people looking at it that any ability to make excess profit on continuous basis is effectively zero. All the research over the last decades points to the fact that even the very best out there are unable to replicate success in the market.