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03 August 2021
12:59 hour

Everyone is trying to get rich quick.

Reddit Stock Market

10/02/2021 - 00:20

A friend of mine said that he needs to get 100% return quickly. And I'm reading online forums where people jump from stock to stock, whichever is the hottest in the moment. People can't stand their stock being in the red for a day. This might be only for new investors, but for someone like me who is 19 and started maybe a year ago investing fully. I prefer to buy and hold, which sounds logical. But if you are jumping from stock to stock only chasing the big MONEY, you aren't investing. I've been in the red with thousands of dollars just for the stock to climb back up. I never buy with the intention of it doubling by X date. I buy because I genuinely believe in the company and want my capital invested into them. And I think more people need to understand this, as I try to explain this to everyone around me.   submitted by   /u/drippyginger23 [link]   [comments]


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  46. Are social media people that give investing advice the today's world equivalent of shoeshine boys giving stock tips ? (12/03/2021 - Reddit Stock Market)
    “If shoe shine boys are giving stock tips, then it's time to get out of the market.” Social media is full of people giving advice on crypto, stocks, investing like they are professionals and talk like they are 100% sure on what they are doing, even though most of them didn't even knew about this things 1 year ago. My friends are asking me for advice after they saw how much stocks and crypto got up. When I told them that I am investing in them because could be a good opportunity due to prices falling because of covid they didn't think about it, only after they saw the results they were interested. What do you think? Are we in a bubble because of all this people wanting to get rich quick and the people watching them getting FOMO and investing too ?   submitted by   /u/Tzyky [link]   [comments]
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  47. how to recover $34,708 dollars lost from dogecoin investing (22/06/2021 - Reddit Stock Market)
    ​ Hi, so I had took out a loan and put that money on doge. everybody said it would go up and up and I saw how it was going up and up. I thought this would be the easiest and best way to get rich quick. So I bought it at .68 and it went to .70 for a bit. I thought I was on a roll. I got really greedy. I check back and it dropped back down. I thought it'd go back up since everybody said it would moon. It kept going down. The entire dogecoin sub kept saying to HODL and to buy the dips more and more, which I did, and put in a few more thousands (about 3-4 thousand) into doge, buying the dips and listening to the subreddit telling everybody else to HODL and buy the dips. I don't know if I should still have listened to them telling me to HODL or just sell but i lost faith. It kept dipping, and I got scared of losing more money. I lost faith in DOGE and I just took my losses. How on earth do I recover this? Do I really just have to work overtime for a long time? It's a loan too which means I'm in so much debt. Please help   submitted by   /u/lolmaster1337420 [link]   [comments]
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  48. what do you say that you do, if you have no job but got rich via stocks? (05/07/2021 - Reddit Stocks)
    say you just want to stay low key, or dont feel disclosing that you do nothing but do stock trading, when just met a stranger (a new date?), or maybe someone you just knew not long ago, or a new doctor, or anyone that you feel like don't "deserve" to know what you really do. i feel saying you're a stock trader either makes you either seen like a loser, or someone to be exploited. its never taken seriously by normies. if you got rich via stocks then you got lucky, if you lose you deserve it coz it's gambling...... normie mindset, basically. too much stigma. also, when travel, it can be dangerous to disclose you trade stocks to newly met people. kidnaps happen all the time in places like latin america and they are no joke when it comes to cruelty. ideas?   submitted by   /u/doitrodiz [link]   [comments]
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  49. Quick Reminder: Having a portfolio consisting of different tech stocks does not mean you have a ‘Diversified Portfolio’ (31/03/2021 - Reddit Stocks)
    To whom it may concern: (I’m aware most of you know how to properly diversify). I see some investors on here being invested in multiple tech equities, APPL, TSLA, AMZN, SONO etc. and talking about how well diversified their portfolio is. Just a quick reminder than having a diversified portfolio means that you have equities with ‘negative correlation’, and have diversified into different asset classes (equities, fixed-income, cash)(ex. stocks, bonds, mutual funds, ETF’s). Or into different market caps, levels of risk, sector/industries as well as domestic and foreign investments. Any political, economical, or social catalysts that can affect the tech industry will most likely affect all your investors at the same time, in the same way, therefore just a quick reminder that having a portfolio consisting of only techs does not reduce the overall risk in your portfolio, and if anything, increases it, as such, you are not ‘Diversified’.   submitted by   /u/Mynameistowelie [link]   [comments]
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