Re:What Happens to Stocks and Cryptocurrencies When the Fed ...
by smsm42 on Sunday May 09, 2021 @07:44PM
(#27100982)
People choose to behave foolishly all the time. It's not hard to follow a rule "I am not smart enough to guess profitable investments, and I should invest only in simple things like major investment funds". If you can not figure out this rule yourself, there are literally hundreds of "for dummies" books and thousands of advisors that would tell you. If you think you can do better, it's your choice. You may be right, or you may be revealed as a fool - in any case, the consequences are yours, not somebody else's.
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Re:What Happens to Stocks and Cryptocurrencies When the Fed ...
by anemoiac on Monday May 10, 2021 @07:43AM
(#27104853)
To be fair, there are just as many books and “investment gurus” out there trying to convince you that you can beat the market if you follow their advice. Your “rule” might seem obvious for those who already implement it, but it’s actually difficult for many people to follow because it requires having a certain level of both self-awareness and knowledge of investing.
And, while most of the consequences of poor investment strategies do fall on individuals - at least superficially, both the hyper-social nature of our species and the political/economic structure of our societies ensure that those consequences frequently extend far beyond them.