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I'm turning 18 this year. My mom is a millennial
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this post was submitted on 12 Jul 2023
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted, clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts: 1
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When I was 22, I wanted to get into the stock market. I found a website that gave you $200,000 in fake money to "invest", and showed you how much you would make or lose over the time you "owned" the stock until you "sold" it. I lost $62,000 in the first week.
All I'm saying is do your research and invest wisely. Or just do whatever Warren Buffet does.
How did you do in your second week?
They lost 138,000 dollars.
Not quite. I stopped playing around with buying and selling so much and stayed with a few well known stocks. I didn't lose any more, but the growth was extremely slow. Hence the nature of the stock market. If you try to play it to make money fast, you really really need to know what you're doing or you'll lose a fortune.
You only "lose" money if you sell low. Dont do that. Our economy somehow relies on infinite grow, so make the most of it. Most stocks recover from crashes sooner or later.
What was the website?
This was 20 years ago. I have no idea what site it was. I just googled "stock market simulator" and went to the first one that looked legitimate. Of course it was a little easier in 2003...