Something that I feel isn’t broadcast enough, is that every market transaction inevitably has a winner and loser. Small investors are inherently more likely to lose since we can’t shape the market or control the media. The stock market functionally acts as a siphon to move money from the workers to the capitalist class–the more you play, the more opportunities to lose you’re providing yourself.
Exactly. For middle class folks who still have to rely on the stock market for retirement, the best option is to just buy dumb index funds and hold them til retirement. You aren’t going to be able to outsmart and out time the actual Wall Street traders who have PhDs in mathematics, access to microsecond trading, and a trading bankroll of billions. If you need to rely on the market, buy and hold is the only sane strategy. At least then you minimize the number of trades you make and the chances for the snakes to screw you over.
Something that I feel isn’t broadcast enough, is that every market transaction inevitably has a winner and loser. Small investors are inherently more likely to lose since we can’t shape the market or control the media. The stock market functionally acts as a siphon to move money from the workers to the capitalist class–the more you play, the more opportunities to lose you’re providing yourself.
Exactly. For middle class folks who still have to rely on the stock market for retirement, the best option is to just buy dumb index funds and hold them til retirement. You aren’t going to be able to outsmart and out time the actual Wall Street traders who have PhDs in mathematics, access to microsecond trading, and a trading bankroll of billions. If you need to rely on the market, buy and hold is the only sane strategy. At least then you minimize the number of trades you make and the chances for the snakes to screw you over.