Just saw a reddit post in which some trust fund kid took his 700k inheritence from grandma and invested it all in Intel lmao (hexbear.net)

submitted 3 months ago* (last edited 3 months ago) by gueybana@hexbear.net to c/chapotraphouse@hexbear.net

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He’s down 200k in A day.

I get the US government will forever prop up this shitass boomer company but what kind of capitalist true believer do you have to be to believe in Intel?

WARNING (Wall Street Chuddery) https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/

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[-] TerminalEncounter@hexbear.net 37 points 3 months ago

It's so stupid. If they just invested it in an index fun they'd be sitting pretty in a decade. Instead, noooo, genius over here chooses Intel as his only stock the day before it loses like a third of its value and cuts the dividend