> I've always been too chicken-shit to dip my toe into the stock market. The current
> situation makes me feel just as bad as not ever buying into the whole bitcoin thing
> when it was well below $100. Always a fantasy looking back with 20/20 vision
> though... I could have easily dumped 30 large back when Gamestop was under $4. Fast
> forward to now, and I'd have like $42Million. Holy shit!
You can not predict black swan events. You are better off with a NAV style of purchase. Pick companies with good balance sheets, low debt, some sort of dividend, and management that is not doing dumb things. Then buy in at regular intervals and re-invest the dividends back in. If you do not know 'which stock' look at investment funds with low fees. Do not bother with specialty funds. They typically have higher fees and tend toward the mean.
It is not roll around on the bed in stacks of cash money with hookers and blow but it works decently well. It is why 401k's tend to work long term.
If you had said 'I am buying GME' 6 months ago people would go 'uh OK, why?' Now the downside on that stock looks huge. It will revert to the mean. All of those 'stick it to the hedge funds' guys will lose money and the hedge funds will make it all back in 2-3 months if not sooner.
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Re: Thoughts on the whole Gamestop stock thing?
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