Off topic, but stock market really is a friggin' matrix.
QQQ The March to 500
- Thread starter v-shape-0DTE
- Start date
Not that I care for the buy & hold crowd myself, but you gotta give them some respect. Even though they might not have known the market would go up as much as it did since 2009, they stayed put and rode the wave all the way up, while the pussies like us fled at the first sign of reversal. Yeah, I know what you will say, so don't bother replying.
Norwegian ignorance is even better.
No. Seriously. What did you think my reply was going to be? LOL.
I'm not sure how much respect is deserved if you're a long only buy and hold investor starting out around 2010 which is about when some of the people I personally know started out as investors in the stock market. Early 2020 was the only real scare as far as I can see and one guy I know was pale as a sheet after the initial plunge and said he was prepared that it could take years to recover. Yet that plunge only looks like a cute pullback on the weekly/monthly chart by now.
If you had started around 2000 or 2007 it would have been a very different outcome and I'm sure many of the buy and people would have bailed then. I once saw an investor turned trader as he had started precisely around 2007 and saw all his investments go down massively. Same approach, very different outcome.
What I find annoying is when people boast about how well they've done in the stock market when there really is no skill involved.
For the record, I'm a dumb investor, too, and pile money into index funds on a monthly basis. I don't even know how much my holdings or returns are. It's just dumb money, so I'm not going to go around boasting about how well I've done in the market when I haven't really done sh*t.
Nah, anyone who can keep a journal going for 7 years, showing profitable trades in real time cannot be ignorant:
https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/
How can I become a Norwegian?Norwegian ignorance is even better.
For the record, I'm a dumb investor, too, and pile money into index funds on a monthly basis. I don't even know how much my holdings or returns are. It's just dumb money, so I'm not going to go around boasting about how well I've done in the market when I haven't really done sh*t.
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You are too modest. It takes courage to be dumb.
No. Seriously. What did you think my reply was going to be? LOL.
I'm not sure how much respect is deserved if you're a long only buy and hold investor starting out around 2010 which is about when some of the people I personally know started out as investors in the stock market. Early 2020 was the only real scare as far as I can see and one guy I know was pale as a sheet after the initial plunge and said he was prepared that it could take years to recover. Yet that plunge only looks like a cute pullback on the weekly/monthly chart by now.
If you had started around 2000 or 2007 it would have been a very different outcome and I'm sure many of the buy and people would have bailed then. I once saw an investor turned trader as he had started precisely around 2007 and saw all his investments go down massively. Same approach, very different outcome.
What I find annoying is when people boast about how well they've done in the stock market when there really is no skill involved.
For the record, I'm a dumb investor, too, and pile money into index funds on a monthly basis. I don't even know how much my holdings or returns are. It's just dumb money, so I'm not going to go around boasting about how well I've done in the market when I haven't really done sh*t.
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why?
they could have easily put that money in government bonds and earned zero. It’s not like it was a certainty that the equity markets would rally for 14 years. There were lots of “smart” bears on here that those people would have to contend with.
It was an opportunity to create generational wealth.
Why what?
Exactly.
Still are. I've seen many people who have kept trying to pick a top since October 2023 if we look at this last leg up.
you think it was that good? I remember in 2009 there were stocks pricing bankruptcy that could not go bankrupt. If you put 1mm in them you would have earned 50x on some of them within a few years.
Being long the market doesn’t take skill compared to day trading but it takes guts and a view that the markets will rally. It takes wisdom and prudence.