Speculation is not investing. People need to learn the difference. Speculate if you want, but don't confuse it with investing.
I wish those kids, (and they are mostly kids in their 20's & 30's,) on Wall street would understand this.
The average hedge fund guy thinks he is a genius because he buys the MAG7 & Bitcoin every month.
I could get a monkey to do that.
And they'll blame everyone else when their gambling suddenly turns up lemons.
Investing is about using resources to make even more resources. There's risk of failure in everything, but investing is about creating, not hoping to be able to hock something for more money than you bought it down the line. In a very small Wall Street nutshell, investing is about dividends, not capital gains.
How many fortunes were never made because a guy saw a sure thing open for a short window, but was up to his eyeballs in debt with zero savings
Happened many times throughout our lives -- 2001, 2007, to an extent 2020, but people think this time is different and more importantly people assume secular cycles will always play in our favor.
That isn't to say that you can't invest in the stock market without it being gambling, but if you're in on the next big thing that's been going up for several years hoping that you're not the last person holding the bag, you are gambling. Absolutely.
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The main psychological phenomenon that I see is that you can't be two people at once; gamblers gonna gamble, hodlers gonna hodl, hedgers gonna hedge, all the way to the poorhouse (or just simply no gains). You can't be the guy that buys in to bitcoin in 2011 but also not buy in to HawkTuahCoin in 2024 and get rugged. You can't hodl the bitcoin you bought for $20 when it's $1000 and not also hodl it all the way to it being criminalized. There are rare exceptions, mostly accidental, but the thing about exceptions is that statistically you aren't one.
You can invest in the stock market by buying dividend-bearing stocks in stable, well-managed companies that haven't been taken over by the looters or woketards. Probably oil companies or the like.
I'm gambling all my money by dumping it into food while I try to write a video game.
I think their is a chance we all wreck together.
Should be fun to see how it turns out.
we all wreck together
Then @Hoss and his hoard of silver wins. Hedgers gonna hedge.
On a side note... I hate crypto.
I'm torn between bad mouthing it or making a Hawk coin & defrauding the crypto currency.
It's all very scammy to me. If only I was a criminal.
I don't hate it, but I don't think it's the future of money. It'll stick around in the background, probably, but it's all way too annoying to use and way too easy to get robbed and way too easy to accidentally lock yourself out of your life savings with zero recourse.
That, and it will eventually be criminalized in many countries. Can't have competition to the money printer or evasion of the tax man.
