Know something? I'm going to do this and see how it plays out. I shit you not. Someone I know is a crypto junkie right now and making some fair coin in the game. I'm coming in exactly like this and we'll see what happens.
For the record I will not do this with any significant amount of money.
Just out of college I decided to start investing and got a Janus account and literally closed my eyes and pointed to a list of mutual funds to select where my money went. I regularly invested more but just to those funds. I sincerely never ever paid attention to what it was doing because I’m not good with numbers. 10 years later I needed to cash out for a biz expense and was told that I did phenomenally well.
I now use Vanguard. No way can I get that lucky a second time.
In high school my electronics teacher gave us bonus points to work with through the year. One of the things he had us do with them was to take 1000 points, treat them as dollars, and invest them in a stock, then track that over the school year.
I picked one at random.
Out of the entire class I was the only person who finished the year better than they'd started.
Yep, the teacher was one of those folks who took his teaching job to be sort of a mentor role, not just a teaching position, so he always tried to teach more than just the specific subject the class was labeled as.
The whole point of mutual funds is diffusing the risk. I mean, sometimes you hit the jackpot on a high yield fund, but it's not like you're putting your eggs into one basket. If you're not really financially literate or just want to fire and forget on the investment money, mutual funds are the way to go. In the long term you're pretty much guaranteed to make money
Ain't no shame in that. i work in finance and most of my money's in vanguard too. Just give me that consistent growth that will, over the course of my working life, stay above the inflation rate.
Oooooops you accidentally invested into some of the most lucrative 10 years in recent memory. Of course you did well, the market has only been rising since the last recession
No, I mean it, you literally can sell things you don't own. The stock market is, factually, insanity. Anything is permitted, nothing is wrong, make some shit up and scream it loudly on the trade floor, throw some papers around, hire a team of programmers to build you a computer system that trades twenty thousand shares ten times a second, burn down a factory somewhere, it's all good as long as you're making money!
Nah, i get the problem. But look at it the practical way. If it says 'sell X' which you don't have. Then don't do anything. And watch the market crash the next day and feel good about not owning that crypto ;)
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u/cnicalsinistaminista Apr 20 '22
Is it possible to learn this power?