Hot take: Everyone here should invest in single stocks....(con't)

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TYPE PUNCHLINE TO THIS AWFUL JOKE FASTER!!!

likefunny

Personal finance is just that, personal.

I still think none of us should be concerned with picking individual stocks. It’s not sexy. It’s not exciting. But there are more ETFs than stocks to choose from and you can spend you’re time doing what makes you happy. The market is a means to an end for me.

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Spoken like a firm that doesn't have independence restrictions

funnylike

Hahq

..."bUt oP yOu WiLl NeVeR BeAt ThE-"
SHUT THE FUCK UP. I know I'm not smarter than ppl who do this for a living or can beat the annualized return of the S&P.

Look. Everyone in this app is responsible for being a problem solver driven by identifying opportunities where there is business value. This is exactly what picking stocks are. What markets have growth, what is the primary driver for growth, is the company financially stable, erc. I've learned more about business in general and random industries like pharma and energy that I never thought would apply to my job. That in itself is worth having some skin in the game to flex those consulting skills, especially if you have aspirations to go work in strategy or MBB. I know none of you read 10ks in your free time so invest and be smart. Read a book first.

tl;dr: dedicate A PORTION of your portfolio to picking stocks bc you might learn how to be better at your job.

likefunny

Is anybody gonna tell this kid or am I going to have to

It is easy to beat the market in either a bull or bear market...the trick is doing it in both over long periods.

I spend 10-20 hours a week researching this shit (I honestly love it though). And I just barely (and not yet definitively) beat the market.

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For sure 20/20.

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Oh I have well over half my portfolio in SPY, HEZU (Euro hedged) and FBSOX (IT & Financial Services). But single stocks I've traded recently:
$T
$EURN
$SYK
$SSYS

Again I'm not saying you should only invest in single stocks but 15% speculative isn't going to ruin your life, and if you are doing your homework you stand a chance to outperform. Plus it will make you more educated.

likefunny

But again, I’m saying something different...

It’s Education - at the cost of underperforming the market.

You are scientifically creating a less efficient portfolio, and if you have 100 people doing this over 30+ years then they will all, on average, lose out on quite a bit of money.

If you tell 100 people to go play roulette because there is a benefit of making money... it’s technically true they could walk away with more money.... but it’s clearly not sound investment advice.

This is the exact same thing, it’s just unfortunately harder to see the truth without going through a lengthy education on statistics and modern portfolio theory. Hence why it’s our duty to stop the spread of misinformation.

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Accenture on Accenture attack. 😅 🍿🍿

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Oh... Nvrmnd. OP was just being crazy.

likefunny

But what stocks?

funny

OP, can you screenshot where you’ve done this? Want to see the gains and the proof of your pudding

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S&1 the real MVP on this thread!!! 👏 👏

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☺️

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