@TheImpressiveX@lemmy.ml to Asklemmy@lemmy.ml • 10 months agoWhat's the most expensive lesson you've learned?message-square174fedilinkarrow-up1211
arrow-up1211message-squareWhat's the most expensive lesson you've learned?@TheImpressiveX@lemmy.ml to Asklemmy@lemmy.ml • 10 months agomessage-square174fedilink
minus-squarefunky-rodent [he/him]link25•10 months 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-square@ironeagl@sh.itjust.workslinkfedilink6•9 months 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-square@Tathas@programming.devlinkfedilink5•9 months 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