TheImpressiveX@lemmy.ml to Asklemmy@lemmy.ml · 1 year agoWhat's the most expensive lesson you've learned?message-squaremessage-square204fedilinkarrow-up1219arrow-down15
arrow-up1214arrow-down1message-squareWhat's the most expensive lesson you've learned?TheImpressiveX@lemmy.ml to Asklemmy@lemmy.ml · 1 year agomessage-square204fedilink
minus-squarefunky-rodent [he/him]@lemmy.blahaj.zonelinkfedilinkarrow-up24arrow-down2·1 year agoNot a massive expense. Turned 500 € into 250€. Learned a lesson nonetheless. I followed the GameStop (GME) hype to late and halfed my money in 4 easy steps. Follow and don’t repeat. invest (feel like robin hood … hehe) panic (notice why I shouldn’t daytrade and why I was in therapy withdraw my money at an awesome 2:1 ratio not fall for internet hype that quicky again and delete my invest account
minus-squareironeagl@sh.itjust.workslinkfedilinkarrow-up5arrow-down1·1 year agoStock market is all gambling. You just gotta choose a bunch - some indexes, like Dow/S&P, some bonds, and then a few stocks you “like”. Then hold them for decades, and check in only a couple times a year. Otherwise you’ll most likely lose money.
minus-squareTathas@programming.devlinkfedilinkarrow-up4·1 year agoThere’s an old saying that “Time in the market will always beat timing the market.” You just didn’t hodl long enough ;)
Not a massive expense. Turned 500 € into 250€. Learned a lesson nonetheless.
I followed the GameStop (GME) hype to late and halfed my money in 4 easy steps. Follow and don’t repeat.
Stock market is all gambling. You just gotta choose a bunch - some indexes, like Dow/S&P, some bonds, and then a few stocks you “like”. Then hold them for decades, and check in only a couple times a year. Otherwise you’ll most likely lose money.
There’s an old saying that “Time in the market will always beat timing the market.”
You just didn’t hodl long enough ;)
VTSAX and chill