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PaperclipPerfector  3mo ago (text post)   2893 thread views

Friday Fun Thread for February 21, 2025

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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For the first time in my life, I am investing money from a trust fund given to me by my parents. I am well aware of all the pitfalls and common advice, but there are some lessons I think I can only learn through experience. The temptation to believe I can beat the market is strong. So, after allocating most of my unearned wealth sensibly, I am gambling the rest(stock picking).

How much money is worth learning the lesson? I already feel pretty uneasy about what I've done. The real danger is that I might make it big and become addicted. Otherwise, it's a win-win situation, right?

Or is this just rationalization? I really didn't feel anything until I spent $1,000 on leveraged trades, so I thought I needed to push myself to get the emotional reaction I wanted from a loss or extreme volatility.

Keep in mind, as you're trying to beat the market, that short and long term trades may be taxed differently, and adjust what your meaning of "beat" is accordingly.

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