Theory moneymaxxing cels, do you think normies in the stock market is a bad presage?

[Tenshi]

I'm not any specialist or anything close to that, actually I'm pretty much an ignorant but one thing I know for sure is that usually the stock market is something normies tend to stay away from. Now out of sudden I see normies and even some dumbass dudes talking about day trading, shares, forex etc irl. This seems to be a trend. What's your opinion on this?

imho I think this is a bad presage, wasn't the same with the 29 and 2008 crashes? Also the real state bubble in Japan and many other crashes we had in the past? Just wondering

 

[Tenshi]

so fucking special

but I'm creep

I'm a weirdoo~

 

[YogiBear]

Stay away from forex. You can easily open a small account at a big bank like HSBC to exchange monies for the euro or chinese yuan etc to hedge against the dollar with no pesky fees.

Not sure if you can open account as a foreigner in bank like this. I know in Switzerland banks gives you hundreds of more options how to invest your money. If you buy gold they make a real gold bar and they keep it for you and they don´t even charge you. It´s like 1% charge if you want to sell it. It´s like a different world.

 

[Reprobus]

I'm not any specialist or anything close to that, actually I'm pretty much an ignorant but one thing I know for sure is that usually the stock market is something normies tend to stay away from. Now out of sudden I see normies and even some dumbass dudes talking about day trading, shares, forex etc irl. This seems to be a trend. What's your opinion on this?

imho I think this is a bad presage, wasn't the same with the 29 and 2008 crashes? Also the real state bubble in Japan and many other crashes we had in the past? Just wondering

They’re all getting into it because there’s so many memes and shit about crypto/stock. I don’t care because most of them haven’t even read a book about stocks and are more than likely to waste all their money

 

[Deleted member 20195]

Normies stay away from it because without inside knowledge you take a stab in the dark like at a casino. Only the elites who have friends in high places in these listed companies place bets on the stock market and make guaranteed money.

 

[YogiBear]

Day trading is for talented big brain experts. I would focus and prepare for bubbles, indicators and keep researching and collecting data and wait for opportunity. It´s pointless to learn how to trade.

I think normies are desperate because they need a shit ton of money so they make a bad decisions.

It is extremely hard even if you compare it to sport betting. Best out of best traders can make +20% return over the year.

If you bet on sport team to win a game for x2.2 odds you make +120% return over one game.

 

[Hate_my_life]

day trading

Lmao.

I'll keep this short as I'm going to bed.

Normies only follow the latest trends. Robinhood posted a huge boost in stock activity and because of novice "investors", some beginners have gotten lucky and made money in this lockdown period.

The issue is for every person that has done well, about 60 or so have been shafted.
This is a temporary phase and anyone who's serious about stocks will be doing this for a long time.

Wait until Next year, they'll have gone back to consuming.

 

[Tenshi]

Day trading is for talented big brain experts. I would focus and prepare for bubbles, indicators and keep researching and collecting data and wait for opportunity. It´s pointless to learn how to trade.

I think normies are desperate because they need a shit ton of money so they make a bad decisions.

It is extremely hard even if you compare it to sport betting. Best out of best traders can make +20% return over the year.

If you bet on sport team to win a game for x2.2 odds you make +120% return over one game.

Lmao.

I'll keep this short as I'm going to bed.

Normies only follow the latest trends. Robinhood posted a huge boost in stock activity and because of novice "investors", some beginners have gotten lucky and made money in this lockdown period.

The issue is for every person that has done well, about 60 or so have been shafted.
This is a temporary phase and anyone who's serious about stocks will be doing this for a long time.

Wait until Next year, they'll have gone back to consuming.

interesting... why would you guys recommend for a beginner brocel

 

[RandomGuy]

Not sure if you can open account as a foreigner in bank like this. I know in Switzerland banks gives you hundreds of more options how to invest your money. If you buy gold they make a real gold bar and they keep it for you and they don´t even charge you. It´s like 1% charge if you want to sell it. It´s like a different world.

Banking rules change, but it doesn’t hurt to ask. Small banks suk! Big international banks and ‘full service‘ stock brokers can do much more with helping clients protect assets.

why would you guys recommend for a beginner brocel

Stay away from Bitcoin, it’s more expensive rat poison! Right now im eyeing copper as another tangible investment. I have sum stacked already, but feel it’s not nearly enough.

 

[Tenshi]

Stay away from Bitcoin, it’s more expensive rat poison! Right now im eyeing copper as another tangible investment. I have sum stacked already, but feel it’s not nearly enough.

bitcoin seems very overvalued recently tbh always thought it was a little bit of a shady thing to invest in, especially now I've seen some "bitcoin brokers" going bankrupt or stealing money from customers

 

[RandomGuy]

bitcoin seems very overvalued recently tbh always thought it was a little bit of a shady thing to invest in, especially now I've seen some "bitcoin brokers" going bankrupt or stealing money from customers

Bitcoin‘s energy consumption is using around seven gigawatts of electricity, equal to 0.21% of the world's supply. That is as much power as would be generated by seven Dungeness nuclear power plants at once. Over the course of a year, this equates to roughly the same power consumption as Switzerland. Bitcoin is worthless artificial gold.

 

[Tenshi]

Bitcoin‘s energy consumption is using around seven gigawatts of electricity, equal to 0.21% of the world's supply. That is as much power as would be generated by seven Dungeness nuclear power plants at once. Over the course of a year, this equates to roughly the same power consumption as Switzerland. Bitcoin is worthless artificial gold.

do you stock silver/gold only for financial protection or you actually do some kind of profit-seeking trade?

 

[InvisibleWizard]

You are retard if you are using the stock market imo.

 

[Deleted member 23682]

You are retard if you are using the stock market imo.

If I wasn't ugly, I wouldn't be Incel.
-Low IQcels, LARPers, and Fakecels get ignored

what is the difference between a LARPer and a Fakecel?

 

[Tenshi]

You are retard if you are using the stock market imo.

what's the alternative iyo

 

[PPEcel]

Casual investing is filled with all sorts of idiots who want to get rich quick so they'll start throwing around terms they don't understand and engaging in riskier transactions than is appropriate for their age and financial situation.

r/wallstreetbets is a prime example

 

[Tenshi]

Casual investing is filled with all sorts of idiots who want to get rich quick so they'll start throwing around terms they don't understand and engaging in riskier transactions than is appropriate for their age and financial situation.

r/wallstreetbets is a prime example

I see you post quite a lot on economics related threads. What would you advise me if I wanted to know more about investing?

 

[PPEcel]

I see you post quite a lot on economics related threads. What would you advise me if I wanted to know more about investing?

Honestly, just stick with personal finance basics, it will probably be more than enough for most. Investopedia is a decent resource IMO.

Just don't do anything stupid, really -- like getting investing advice on Reddit or this forum. And make sure you understand every component of what you're doing -- so if you're still new to investing, I wouldn't trade exotic options on margin.

Consult your private banker if you have one.

 

[SlayerSlayer]

daytrading is like gambling for cowards that are too dumb to realize they are cowards

Honestly, just stick with personal finance basics, it will probably be more than enough for most. Investopedia is a decent resource IMO.

Just don't do anything stupid, really -- like getting investing advice on Reddit or this forum. And make sure you understand every component of what you're doing -- so if you're still new to investing, I wouldn't trade exotic options on margin.

Consult your private banker if you have one.

Private bankers are for richcels. If you are just middle class, you can just mirror the investment strategy of something safe and avoid fees a private banker would take. It's better to have a slick accountant than a private banker.

 

[Tenshi]

Honestly, just stick with personal finance basics, it will probably be more than enough for most. Investopedia is a decent resource IMO.

Just don't do anything stupid, really -- like getting investing advice on Reddit or this forum. And make sure you understand every component of what you're doing -- so if you're still new to investing, I wouldn't trade exotic options on margin.

Consult your private banker if you have one.

daytrading is like gambling for cowards that are too dumb to realize they are cowards

Private bankers are for richcels. If you are just middle class, you can just mirror the investment strategy of something safe and avoid fees a private banker would take. It's better to have a slick accountant than a private banker.

thanks my boyos

 

[RandomGuy]

do you stock silver/gold only for financial protection or you actually do some kind of profit-seeking trade?

I do both, but there’s other metals to look at as they gyrate in prices. Platinum 2020 Big Fives sold-out recently. Platinum is near a low in spot price but spiking, plus that coin has awesome short and long term numismatic value.. The 2019 Platinum/Gold Big Fives have already skyrocketed in value if you can even find one. Not so with the silver Big fives.

2019 1 oz Platinum South African Big Five Elephant Coin

 

[Hate_my_life]

interesting... why would you guys recommend for a beginner brocel

Stocks, but LONG TERM.

 

[Deleted member 25707]

It's a marathon. The capital should be high for you to even make some money and it's definitely not for the low EQ. Also the results are somewhat underwhelming.