Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it… :p
It’s alright, it’s part of the game. If we knew how the stock would move, we would all be millionaires.
You got to know when to hold em and when to fold em when gambling, and all that.
Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?
Chance of quick win. Individual stocks can move 5-10% in a day and index funds move much more slowly.
But yeah everyone says it’s almost impossible to beat index funds long term.
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
The funny thing is, I have bought Tesla two times in my life, and both times it has fallen like a stone right after I bought it. I guess I have a gift and I should short it… :p