guy seems really invested in Tesla. Actually, I was looking at Tesla's stock prices the other day which was actually inspiration for this journey into trading. For example if someone had bought Tesla stock when the market crashed and sold it now they would have had great returns.
Shit, if someone had bought stock before SpaceX and sold after SpaceX they could have made money. I was literally thinking to myself the other day "huh maybe Tesla stock will go up because Elon Musk" and now that I've seen it happen, and how easy the money can be sometimes, I want to get into it
You linked me a whole channel though, any beginner videos?
Levi Campbell
i know what the stock market is, but obviously any retard can't go and buy whatever stock he wants and be successful without understanding concepts such as mathematical trends and stuff and knowing when to buy/sell which I want to learn.
I feel like a market crash is coming so I want in when it goes to an all time low
Nathaniel Williams
I'd suggest finding Robert Shiller's Coursera course. It's free if you select the option to audit the course iirc. It's a very good introduction.
Also most people who actually work in finance don't know shit either. It's really a sales industry to attract other people's money. Low cost ETFs have become popular for this reason, since the vast majority of fund managers can't beat basic indexing after taking into account their fees.
Nicholas Lee
dude thank you so much. This is potentially what I'm looking for, and the lucky digits means it probably is.
I learned that ETFs are self trading so it's low management, and it's like buying into an industry so you can buy across multiple businesses at once.
When you say the vast majority of fund managers cant beat basic indexing after taking into account fees, do you mean that: - because of the fees associated with hiring a manager, you are better off doing it yourself?
Jayden Brown
alright biz, that enough normie for me any good chans not ruined by redditfags out there?
Most day traders end up making less money than people who just buy and hold... Or so the conventional wisdom says
Thomas Brown
don't ever say "y'all" again. buy chainlink and hold.
Jayden Collins
Look up John Bogle and his research on it. He's kind of looked down on here as a bit of a boomer since we're living through unprecedented times right now, but certainly it was true for it's time.
Basically you could just pick a bunch of the S&P 500 (the 500 biggest US listed companies), invest proportionally to their size, and you'd already beat the vast majority of fund manager's after fees. That's down to a combination of the high fees and the fact that most simply aren't doing anything worthwhile. Lots of stock picking strategies are no more effective than reading chicken bones.
I read another paper that suggests the best explanation for stock market behaviour is a random walk with drift. Basically a long term trend with a shitload of meaningless noise over it. I'm not entirely convinced, but it does tie in with the idea of not picking individual stocks yourself, instead having a highly diversified portfolio which smooths out the noise and just gets you that long term upward trend.
I'd be careful about trying to get in at an all time low also. If a massive recession happens, part of the reason shares crash is because people can't afford to buy any when they're unemployed, and have to cash out instead to pay for emergencies. I tried to do the same in 2008 and ended up having to sell everything to survive while I fought with 1000's of other applicants for unpaid internships instead. If you're only 18 your best investment will be into a good career rather than the little returns you might be able to scrape together on an 18y.o's salary.
