Quote:
Originally Posted by Bill Bumface
I think recommending anyone pick their own stocks is dangerous. Just head over to reddit/wallstreetbets. Trading hits the same parts of our brains as gambling, and it's very challenging to manage the emotional parts of trading to save yourself from yourself.
I would actually recommend that no one get a trading account at all until they are sure they are ready for it. The best part of a managed account (robo or human) is it keeps your fingers out of the pie.
Not to say that no one should pick their own investments, I just wouldn't send someone down that path, especially someone without the time to make up for the mistakes that often come with that learning curve.
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Fair. I mean, I guess the landscape has changed so rapidly, I kinda get the concept of not trading at all until one has truly understood the concept of investing vs gambling.
I guess I was thinking more of a blend of the recent phenomenon where people started rushing into the market during the pandemic. The rate of returns that many are now expecting are kinda ridiculous compared to years ago. I agree in that regards that the ability to recover, even if it's on a 15 year timeline, is important.
That's kinda what I was sorta pointing at when replying to Reaper, but in hindsight, I also don't disagree with the concept of not playing at all until a higher standard of understanding is obtained. These recent years in the stock market have been wild and ridiculous. Being aware of the possibility of some form of bubble popping that could take up to a decade to recover would be wise if someone had a limited runway to work with.