"Become part of a complex scheme to engineer a short squeeze and drive up the price of a random stock" is not what's generally meant by "saving and investing."https://twitter.com/The_Acumen/status/1354883010068422662 …
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That's not the argument she made, though. Her argument was "Since Robinhood didn't let people buy GME, all that stuff about how saving and investing is the best way to build wealth is just a lie!" It's a terrible, stupid thing to say.
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You're missing the point. We've all been told for decades that hedge fund ppl are uber-rich bc they are very smart and poor ppl are poor bc they are dumb. Now when hedge funds start losing money, the entire corrupt systems colludes to keep the hedge funds from losing money.
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Not sure what your definition of "big money" is but you might want to check the return of equity based hedge funds over the past decade vs. passive equity investing before you throw out these statements.
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They also aren't generally beating the market though. The people putting money into hedge funds didn't make it like this, and the hedge funds make their money through fees and commissions.
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