this post was submitted on 15 Sep 2023
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Asklemmy

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[โ€“] funky_rodent@lemmy.blahaj.zone 21 points 1 year ago (3 children)

Not a massive expense. Turned 500 โ‚ฌ into 250โ‚ฌ. Learned a lesson nonetheless.

I followed the GameStop (GME) hype to late and halfed my money in 4 easy steps. Follow and don't repeat.

  • invest (feel like robin hood ... hehe)
  • panic (notice why I shouldn't daytrade and why I was in therapy
  • withdraw my money at an awesome 2:1 ratio
  • not fall for internet hype that quicky again and delete my invest account
[โ€“] Tathas@programming.dev 4 points 1 year ago

There's an old saying that "Time in the market will always beat timing the market."

You just didn't hodl long enough ;)

[โ€“] ironeagl@sh.itjust.works 3 points 1 year ago

Stock market is all gambling. You just gotta choose a bunch - some indexes, like Dow/S&P, some bonds, and then a few stocks you "like". Then hold them for decades, and check in only a couple times a year. Otherwise you'll most likely lose money.

[โ€“] rip_art_bell@lemmy.world 1 points 1 year ago

VTSAX and chill