bigjohnson2009 Posted November 13, 2019 Share Posted November 13, 2019 2 minutes ago, ramssuperbowl99 said: Generally I'm more of a live and let live guy, but most people work hard for their money, so it seems silly to me to just let them take a bet their statistically significantly likely to lose without saying anything. Same thing with lottery tickets, but at least then there's an entertainment factor for the guy who buys a Powerball ticket and gets to fantasize about hookers and coke. I understand that @MKnight82 is saying you are making a mountain out of a molehill here, but the "you must be fun at parties" line is a common one for people who don't like what they're hearing because it doesn't align with their bad habits or beliefs. I typically bite my tongue, but I have friends who spend crazy dollars (sometimes windfalls and inheritance) on trying to beat the market and if it's significant I try to say something. Same with a large volume of sports betting, going to the casino, and even worse playing keno/lottery/scratch-offs. If possible I try to subtly make sure they understand they're in a long-term losing position. Trying to beat the stock market is a form of gambling. Gambling is a form of entertainment and should be treated as such. 2 Quote Link to comment Share on other sites More sharing options...
Mox Posted November 13, 2019 Share Posted November 13, 2019 I'm with Rams. The market has been great. If a recession hits that's a great time to buy while funds are cheap. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 4 minutes ago, bigjohnson2009 said: I understand that @MKnight82 is saying you are making a mountain out of a molehill here, but the "you must be fun at parties" line is a common one for people who don't like what they're hearing because it doesn't align with their bad habits or beliefs. I typically bite my tongue, but I have friends who spend crazy dollars (sometimes windfalls and inheritance) on trying to beat the market and if it's significant I try to say something. Same with a large volume of sports betting, going to the casino, and even worse playing keno/lottery/scratch-offs. If possible I try to subtly make sure they understand they're in a long-term losing position. Trying to beat the stock market is a form of gambling. Gambling is a form of entertainment and should be treated as such. I said “you must be fun at parties” because he’s talking over me like a child trying to tell me things anyone with common sense would know. I literally posted about a single stock because it’s an interesting one, a company with hundreds of millions of users and had a recent IPO. If anyone reads any other news and sites about the stock market the Pinterest stock is quite a common topic. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 12 minutes ago, bigjohnson2009 said: I understand that @MKnight82 is saying you are making a mountain out of a molehill here, but the "you must be fun at parties" line is a common one for people who don't like what they're hearing because it doesn't align with their bad habits or beliefs. I typically bite my tongue, but I have friends who spend crazy dollars (sometimes windfalls and inheritance) on trying to beat the market and if it's significant I try to say something. Same with a large volume of sports betting, going to the casino, and even worse playing keno/lottery/scratch-offs. If possible I try to subtly make sure they understand they're in a long-term losing position. Trying to beat the stock market is a form of gambling. Gambling is a form of entertainment and should be treated as such. I bite my tongue as much as I can in normal life, but it's just different when you're on the internet. In real life, I'm not going to ruin a relationship with someone over financial opinions. On the internet, if someone is debating making a decision that is a losing proposition long term, there isn't a reason to not say anything. Ultimately, it's their money and they can do what they want with it, but I'd rather see people make better choices with their money overall. And the bold should be the disclaimer of this thread. None of us know what we're doing, and if we did, we'd be hoarding trade secrets instead of blabbing on a football forum about them. Quote Link to comment Share on other sites More sharing options...
bigjohnson2009 Posted November 13, 2019 Share Posted November 13, 2019 46 minutes ago, MKnight82 said: I said “you must be fun at parties” because he’s talking over me like a child trying to tell me things anyone with common sense would know. I literally posted about a single stock because it’s an interesting one, a company with hundreds of millions of users and had a recent IPO. If anyone reads any other news and sites about the stock market the Pinterest stock is quite a common topic. Makes sense, I was really just chiming in with a rant that wasn't super related. Pinterest is an interesting buy for sure but I view it as high risk/high reward and more potential than anything. Quote Link to comment Share on other sites More sharing options...
mission27 Posted November 13, 2019 Share Posted November 13, 2019 3 hours ago, ramssuperbowl99 said: @mission27 has said this over and over again, and we're coming up on a few years where he's missed, while the stock market is at an all time high. The people who do this professionally, working 50 all the way to 100 hour weeks don't tend to guess right that much better than flipping a coin. Internet expects aren't any more likely to get that right. Tbf I do work on Wall Street at P&P 1 Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 16 minutes ago, mission27 said: Tbf I do work on Wall Street at P&P Vice President? Quote Link to comment Share on other sites More sharing options...
mission27 Posted November 13, 2019 Share Posted November 13, 2019 57 minutes ago, ramssuperbowl99 said: Vice President? Yes, I haven’t been promoted since 1987 Quote Link to comment Share on other sites More sharing options...
mission27 Posted November 13, 2019 Share Posted November 13, 2019 2 hours ago, ramssuperbowl99 said: I bite my tongue as much as I can in normal life, but it's just different when you're on the internet. In real life, I'm not going to ruin a relationship with someone over financial opinions. On the internet, if someone is debating making a decision that is a losing proposition long term, there isn't a reason to not say anything. Ultimately, it's their money and they can do what they want with it, but I'd rather see people make better choices with their money overall. And the bold should be the disclaimer of this thread. None of us know what we're doing, and if we did, we'd be hoarding trade secrets instead of blabbing on a football forum about them. Tbf most of us have plenty of inside information we could trade on It’s one thing to try to beat the market actively managing $5b while complying with SEC guidance on MNPI its another thing for Joe Shmoe to make a few bucks on companies and industries he knows, on a small scale use your brains gentleman... Quote Link to comment Share on other sites More sharing options...
Shanedorf Posted December 18, 2019 Share Posted December 18, 2019 As you all try to amass a lifetime's worth of wealth, plug your current situation into this global calculator and see how yer doing vs the rest of this planet http://www.globalrichlist.com/ You're probably doing much better than you thought... 1 Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted December 18, 2019 Share Posted December 18, 2019 5 hours ago, Shanedorf said: As you all try to amass a lifetime's worth of wealth, plug your current situation into this global calculator and see how yer doing vs the rest of this planet http://www.globalrichlist.com/ You're probably doing much better than you thought... That was super depressing tbh. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted December 18, 2019 Share Posted December 18, 2019 1 hour ago, LETSGOBROWNIES said: That was super depressing tbh. For sure. How can 99.99999% of all people on earth be so lazy right @Shady Slim 2 Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted December 18, 2019 Share Posted December 18, 2019 14 minutes ago, ramssuperbowl99 said: For sure. How can 99.99999% of all people on earth be so lazy right @Shady Slim Just need to get with the program and pull themselves up by their bootstraps. 1 Quote Link to comment Share on other sites More sharing options...
MWil23 Posted December 18, 2019 Share Posted December 18, 2019 27 minutes ago, LETSGOBROWNIES said: Just need to get with the program and pull themselves up by their bootstraps. Easy there Booker T Washington. TBH, that link was a great reminder of how blessed I am, especially during seasons like this where materialism runs rampant and keeping up with the Jones’s is a daily struggle. 2 Quote Link to comment Share on other sites More sharing options...
Shanedorf Posted December 19, 2019 Share Posted December 19, 2019 1 hour ago, MWil23 said: TBH, that link was a great reminder of how blessed I am That was my intent in sharing it, we are all quite blessed 3 Quote Link to comment Share on other sites More sharing options...
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