Why so we the tax payers can bail out the fuckers again 😭 this isn’t a bubble it’s just financial engineering that’s increased the rate of wealth transfer and power accumulation.
Edit: that is to say… it looks like a bubble, but it’s actually just the financial system working as intended. It just seems odd because of the immense wealth concentration and how all that wealth is piling in.
Lemme rephrase then: please let this be the end of the AI craze.
I don’t want AI in every goddamn product. I hate how hardware prices have skyrocketed. And I hate how these assholes flood request every vulnerable webpage they can find.
Financially speaking they can become either rich or broke for all I care. I just want the old internet back.
Bro how do you figure? You know who does well after crashes? JP MORGAN. Not you lmao. Delusional. The SP500 has doubled since 2022 it’s tripled since 2019.
Now the rich people saw their wealth grow by a huge factor during this time. How did you do? Did you double your accounts? Was that worth more than a million dollars? If not wtf are you talking about?
Most plebs can’t afford to make smart bets, even sure wins, because they have no money to invest with. Maybe a couple hundred here or there but there is no real way for normal people to strike it big from an economic crash.
The establishment absolutely can and does profit from the crashes, though, and they pass any losses along to us.
nah, you don’t get it. when you actually know how it works, you start doing challenges like “how much $ can i turn this 50$ account into in X time period”. anyone with decent trading experience should be able to turn 50$ into 5000$ easy.
it’s a bull market, impossible not to print $ unless you have a major gap in knowledge on how it all works
obviously we need a revolution, but until such time as that happens…all these rich cunts ratfucking public $ throw it into the stock market cause they have nowhere else to spend it, so…you want their $…learn how the markets work and grab a chunk for yourself.
Reminiscences of a Stock Operator is solid primer, century old book that’s essentially a tongue-in-cheek wolf of wallstreet/guidebook to just how rigged everything is. the game being rigged it what makes it so easy to make $…it’s not a game of chance. means you just need to learn how it’s rigged, to position yourself to scalp $.
Every single time I see someone talk like this it is entirely without examples or explanation. Just “if you really understand the market like I, a genius, do…”
because you can’t tell someone the truth, only show them the way.
you need to have 100% confidence in what your doing, and the only way you have that when gambling with actual $ (especially $ you might need, for those not born with silver spoon) is when you figure it out yourself.
“investing” on someone elses tips without understanding the underlying mechanics is how how you end up losing everything/bagholding for some wolf masquerading as a shepherd
I’m sorry, but I don’t think everyone can turn a 1000% return “easy” without insider knowledge. Wall street brokers who are paid high six figures regularly underperform index trackers.
It’s always possible to get lucky or to make profits from predicting the markets and seeing where stocks are overvalued and undervalued, but if you are both cash poor and time poor as 90% of the working class are, it’s really not an opportunity available to you
very basic math and a rudimentary understanding of the markets should prove undeniably to anyone that beating 10-20% in a year is easy as hell. just 1 10% gain a month (truly easy to do) would be roughly 250%…
1000% in couple months is just your training wheels coming off. cash/time poor i understand, that’s where i started too…started trading during breaks/down time. those “active funds underperform the market” soundbites your familiar with only applies to large cap fund managers and shit mate, those funds aren’t designed to beat the market…they’re designed to minimize risk and fluctuations in value for shitloads of $, while still increasing relative to inflation
most brokers don’t get paid to actively manage shit anyway, they’re getting paid to essentially oversee a block of accounts/deal with clients/facilitate special orders etc. but i can guarantee you one that is being paid to actively manage wouldn’t have a job very long if they couldn’t beat a sp500 etf…
I am hugely skeptical of this - it’d be super easy to forge a +69420% screenshot or even to use a stock trading simulator to fake a more real looking portfolio, but I’ll put that aside and assume good faith - how long have you been investing for?
technically, just a little over 2 years. the majority of these gains were over the last 6 months or so though, after I read Reminiscences of a Stock Operator and realized just how rigged everything is and always was was when it finally clicked for me and I felt comfortable enough trading to quit my job.
key rule differences between the US markets and others around the world allow for blatant price manipulation (rules that pretty much every country except the US fixed, after 2000/2008), the more you read up on the history and fundamental mechanisms of the markets the more clear it is that these rule differences exist specifically so the US markets can function more like a casino than a market, to be “exciting”.
always figured the game was rigged, but didn’t appreciate just how rigged before reading that book. paradoxically, the whole thing being rigged makes it easier to make as it’s no longer a game of chance…it’s a game of identifying whose going to fuck over who, and positioning yourself between them to profit off of either side winning
Please let this be the beginning of the bubble burst
Why so we the tax payers can bail out the fuckers again 😭 this isn’t a bubble it’s just financial engineering that’s increased the rate of wealth transfer and power accumulation.
Edit: that is to say… it looks like a bubble, but it’s actually just the financial system working as intended. It just seems odd because of the immense wealth concentration and how all that wealth is piling in.
Lemme rephrase then: please let this be the end of the AI craze.
I don’t want AI in every goddamn product. I hate how hardware prices have skyrocketed. And I hate how these assholes flood request every vulnerable webpage they can find.
Financially speaking they can become either rich or broke for all I care. I just want the old internet back.
crashes are the only time plebs (who know how the casino works) actually have a shot at true financial freedom
i have made more the last 3 months than i’v made the last 3 years working, and i haven’t even done anything risky like short stuff
wages are capped, hence why capitalists call it the labor trap. nobody has ever gotten rich working overtime, all that gets you is an early grave
Realest phrase I’ve read this year
Bro how do you figure? You know who does well after crashes? JP MORGAN. Not you lmao. Delusional. The SP500 has doubled since 2022 it’s tripled since 2019.
Now the rich people saw their wealth grow by a huge factor during this time. How did you do? Did you double your accounts? Was that worth more than a million dollars? If not wtf are you talking about?
Most plebs can’t afford to make smart bets, even sure wins, because they have no money to invest with. Maybe a couple hundred here or there but there is no real way for normal people to strike it big from an economic crash.
The establishment absolutely can and does profit from the crashes, though, and they pass any losses along to us.
We need a revolution.
nah, you don’t get it. when you actually know how it works, you start doing challenges like “how much $ can i turn this 50$ account into in X time period”. anyone with decent trading experience should be able to turn 50$ into 5000$ easy.
it’s a bull market, impossible not to print $ unless you have a major gap in knowledge on how it all works
obviously we need a revolution, but until such time as that happens…all these rich cunts ratfucking public $ throw it into the stock market cause they have nowhere else to spend it, so…you want their $…learn how the markets work and grab a chunk for yourself.
Reminiscences of a Stock Operator is solid primer, century old book that’s essentially a tongue-in-cheek wolf of wallstreet/guidebook to just how rigged everything is. the game being rigged it what makes it so easy to make $…it’s not a game of chance. means you just need to learn how it’s rigged, to position yourself to scalp $.
Every single time I see someone talk like this it is entirely without examples or explanation. Just “if you really understand the market like I, a genius, do…”
because you can’t tell someone the truth, only show them the way.
you need to have 100% confidence in what your doing, and the only way you have that when gambling with actual $ (especially $ you might need, for those not born with silver spoon) is when you figure it out yourself.
“investing” on someone elses tips without understanding the underlying mechanics is how how you end up losing everything/bagholding for some wolf masquerading as a shepherd
I’m sorry, but I don’t think everyone can turn a 1000% return “easy” without insider knowledge. Wall street brokers who are paid high six figures regularly underperform index trackers.
It’s always possible to get lucky or to make profits from predicting the markets and seeing where stocks are overvalued and undervalued, but if you are both cash poor and time poor as 90% of the working class are, it’s really not an opportunity available to you
very basic math and a rudimentary understanding of the markets should prove undeniably to anyone that beating 10-20% in a year is easy as hell. just 1 10% gain a month (truly easy to do) would be roughly 250%…
1000% in couple months is just your training wheels coming off. cash/time poor i understand, that’s where i started too…started trading during breaks/down time. those “active funds underperform the market” soundbites your familiar with only applies to large cap fund managers and shit mate, those funds aren’t designed to beat the market…they’re designed to minimize risk and fluctuations in value for shitloads of $, while still increasing relative to inflation
most brokers don’t get paid to actively manage shit anyway, they’re getting paid to essentially oversee a block of accounts/deal with clients/facilitate special orders etc. but i can guarantee you one that is being paid to actively manage wouldn’t have a job very long if they couldn’t beat a sp500 etf…
I am hugely skeptical of this - it’d be super easy to forge a +69420% screenshot or even to use a stock trading simulator to fake a more real looking portfolio, but I’ll put that aside and assume good faith - how long have you been investing for?
technically, just a little over 2 years. the majority of these gains were over the last 6 months or so though, after I read Reminiscences of a Stock Operator and realized just how rigged everything is and always was was when it finally clicked for me and I felt comfortable enough trading to quit my job.
key rule differences between the US markets and others around the world allow for blatant price manipulation (rules that pretty much every country except the US fixed, after 2000/2008), the more you read up on the history and fundamental mechanisms of the markets the more clear it is that these rule differences exist specifically so the US markets can function more like a casino than a market, to be “exciting”.
always figured the game was rigged, but didn’t appreciate just how rigged before reading that book. paradoxically, the whole thing being rigged makes it easier to make as it’s no longer a game of chance…it’s a game of identifying whose going to fuck over who, and positioning yourself between them to profit off of either side winning