an alarming number of friends have chosen this moment to get into stonks. here we go again.
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why aren't your buy orders going through? market's not open before 9 fam.
people really ought to learn something about how stonks work before diving in.
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people sometimes ask me to help them sort out how to start investing. 19 in 20 don't want to learn the basic theory. problem is, even in a passive indexing strategy, if you don't know basic theory you'll make errors because you don't understand what you're doing.
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trading stonks is an information game. if you don't understand at least the bare fundamentals of how equities trading functions, i guarantee you will lose that game sooner or later.
gamestop is a lesson in understanding fundamentals, not in the power of the little guy.
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deepfuckingvalue did real research, understood the way that shorts work, and staked out an extremely hard position a long, long time ago. he held it against ages of mockery and disbelief. that's the move of someone who really understands equities in their bones.
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frankly, and i say this with great affection, if you learned what a short is a few weeks ago, do not fucking speculate on stocks. you are a rube. you are volunteering to give your money away. please, for the love of all that is good, don't do it. actually save or invest.
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should i do another basic personal finance thread?
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should be able to after 4, but i also need to call my mortgage company lol.
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by request, another thread on personal finance. this time the idea is to focus on the basics of financial instruments that form the bedrock of practical personal finance for the modest american. other countries are different, so i can’t guarantee what is transferrable.
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