Thanks for the tip, now all my apes are gone! (hexbear.net)

submitted 4 months ago by REgon@hexbear.net to c/chapotraphouse@hexbear.net

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[-] DoiDoi@hexbear.net 35 points 4 months ago

I can't imagine trying to gamble on individual stocks. Just toss some cash in an index fund and peace out for a decade

[-] RION@hexbear.net 24 points 4 months ago

Real bogleheads know

[-] REgon@hexbear.net 16 points 4 months ago

But my apes!!! To the moooon?! to-the-moon

[-] merthyr1831@lemmy.ml 16 points 4 months ago

yup, it's what your bank is probably doing so if it goes to shit at least it would be going to shit everywhere else you could've put your money too

[-] Inui@hexbear.net 14 points 4 months ago

This is the way to go to realistically not just lose all your money, but doing otherwise is tempting when you can see people on Wallstreetbets who made hundreds of thousands of dollars off this specific event with a relatively low buy-in (which could be someone else's entire life savings).

It's a difference of wanting/needing money now vs. 40 years from now. Like yeah, my retirement account will be nice to have later, but if I could have 200k (or whatever amount) right now, I'd be way happier and in a better living situation for the next 40 years instead of miserable until then.

And if you're the lucky one, that 200k can come from a single 2k bet.