this post was submitted on 15 Sep 2023
219 points (97.8% liked)

Asklemmy

43940 readers
702 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[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