You Gamble HOW MUCH In The Stock Market??

[@abctrucker8601]

I mostly buy individual stocks. I know that’s a hot take this comment section. I’m not Gambling. I know how to read a balance sheet, income statement & statement of cash flow. Also know how to find the intrinsic value stock & no Im not talking about P/E ratio. No I don’t think I’m a genius. Been doing this for 5 yrs now and I’ve had good returns. I hold thur the ups and down because I know what I hold. I follow a set of rules before any stock is bought. In an over simplification I’m a Value investor. This is what I chose to do and I spend significant time in stock research and valuation because I enjoy it. I’m a nerd that way

[@MeltingRubberZ28]

I tend to agree with Bo's take. If it's something you enjoy and thats what you like to do instead of other hobbies - go for it. Many people frown upon this and then spend $200 at the bar, or dinner, or whatever. I wouldn't do it, but if you're disciplined and enjoy it...go for it.

[@anniealexander9616]

Why wouldn't you do it?

[@MeltingRubberZ28]

@anniealexander9616 because I'm too poor to afford losing money like that 😆 all of mine goes into broad market index funds.

[@IAmebAdger]

​@@anniealexander9616it's a loser's game, but as they said, if you enjoy it, get picking

[@untouchable360x]

Gambling is only a problem if you are losing.

[@IAmebAdger]

You will be losing a lot of the time. The odds do not favor active investors Also when you inevitably win, you get addicted and desensitized to the dopamine hit and may even blame yourself for not getting a higher high. Everything bad about human behaviour is amplified: FOMO, regret, lag, dunning-kruger, anger, grief, etc.

[@WeBeatMedicare6969]

@@IAmebAdgersounds like a good time lol

[@glasshalffull2930]

IMHO, the ‘target date fund’ is the big, big mistake. Most of the ones I’ve looked at have too much in bonds and too early and other underperforming investments.

[@BeerBikes]

"check yo self before you wreck yo self!" Love it! 🤘 Merry Xmas!

[@Pieter2360]

God forbid that you start to believe you have some skill in stock picking 😂

[@rebeltheharem7028]

I think this is perfectly fine. If this is his hobby, then he should go for it. Its really not that much spending, and he's still doing the usual investment pattern. If this is what he spends on, instead of other vices like actual gambling or alcohol, or other hobbies... I don't see why not. People denouncing this as "gambling" or "speculating", when they spend well over a hundred a month on luxury crap (like booze, uber eats, collectibles, etc.) shouldn't really be commenting on this. I think its fine, as long as he is in the mindset that this is what he does for fun. But for many people, its hard to separate the long term wealth building investment from hobby speculation.

[@dashmow9809]

I think what they missed is he says he’s investing 1k a month into that target date fund. If thats what 25% is for him(48k a year income)I wouldn’t be “gambling” anything.

[@Random-ld6wg]

i object to the term gambling. if you invest in individual stocks it is not necessarily speculative if you invest in good companies. you may or may not beat the s&p but if you buy good companies you will make money. my core positions are in index fund but my taxable brokerage is predominantly in a concentrated portfolio of 10 stocks now down to 9 as i am deaccumulating. it has outgrown my retirement funds by return as well total size in spite of being the source of living expenses and roth conversion taxes in 3.5 yrs of retirement. the taxable brokerage returns over the past 10 yrs is 16.2% annualized returns accdg to the performance tracker of vanguard depending on the latest stock prices.

[@abctrucker8601]

Yes sir. I agree with you statement. I buy mostly individual stocks. Between 10 and 30 is my preferred number. Any more than 30 is too much work to keep up with. I only buy based on the fundamentals of a company nothing else. I follow certain rules like for example 1. Company Must be profitable 2. Profits are constantly growing quarter after quarter. Only the best companies are able to do this. 3.strong economic moot. Can competitors easily take market share away from them. 4. Then only buy after I’ve figured out the intrinsic value the discounted cash flow math formula and it’s under valued. For example to bought 50 shares of MSFT in 2022 when it was selling at 230 bucks per share. I knew I it was worth 335 at that time. I bought a full position. I still hold that position today. On the flip side I bought 85 shares of BABA in 2021 when it started falling. It looked like it was selling a huge discount. Well fast forward to today. China has been in a 3 year bear market. I still hold BABA even though I have an unrealized lose of 8 thousand dollars because financial statements with company look good. In my opinion is just down because of the negative sentiment surrounding china. I stopped caring what other people think especially regarding money. I look poor to a stranger on the outside looking in. I dress in casual cheap clothes, drive an ugly ( it really is) used Honda civic, work 60 to 80 hours a week an a long haul chemical tanker driver. ( although the semi is pretty cool looking like truck show nice but I don’t own it) But on paper I have a net worth of 225k at 35yrs old. At 29 years old i was flat broke but no debt or student loans as I didn’t go to college. I live in my truck most of the year for free and save & invest 50k to 65k per year. I take investing real serious.

[@Atrus999]

2:57 I wondered where all my Thanksgiving food went. 😂

[@taylorjackson7908]

Isn’t it all gambling but with calculated risks?

[@uslegend24]

The only way not to gamble is to let it sit and grow over decades. ETFs ftw.

[@MeltingRubberZ28]

@uslegend24 even that is still a level of speculation. Look at Japan's stock market. We all hope it continues to run upward, but there are certainly no guarantees.

[@amazinglats6020]

Technically everything is a gamble, even walking outside is a gamble that you don’t get killed by something. But stocks aren’t traditional gambling, games of chance that typically have an advantage over you. The more you play the more likely you are to lose whereas with stocks the more you play the more likely you are to come out ahead.

[@Mike-zf7lo]

Bo catching strays at the end lmao

[@uslegend24]

That’s just dumb. I think it’s hurting your long term wealth. It’s very different in my mind.

[@rhondavigil795]

40s with $200k. You are behind

[@alanlippincott2802]

Behind unless their income is about 40k... when were 40 my wife and I should be around 1.7m

[@IAmebAdger]

Depends on their retirement number, everyone has different needs

[@WeBeatMedicare6969]

There’s always somebody like you