MJ DeMarco
I followed the science; all I found was money.
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I welcome a recession as I view it as a necessary evil in order to bring order and common sense back to investing and the financial markets. In other words, a recession is needed to shake-out the investment fools who think investing means "Go to Robinhood and buy any option discussed at Wall Street Bets".
Here's a prime example of a shake-out.
www.theguardian.com
The entire read is long, cringeworthy, and full of political red meat, including a nice little trope about how money can't buy happiness.
But it shows what a shake-out looks like: It's an "investor" who thinks buying options in a high-volatility environment is investing. It's an investor who has known NOTHING but up-up-and-up in the markets for the last 15 years. It's an investor who is a gambler, someone who thinks Reddit's Wall Street Bets is "inside information" and financial advice.
We recently had someone here who was being "shaked out" and instead of learning from his mistakes, he called 9 months of market declines a "black swan."
www.thefastlaneforum.com
Folks, the recession is needed in order to bring common sense back to investing. It is needed to make people realize that REAL WEALTH is created by producing REAL VALUE -- not because you bought some overpriced puts with an IVR of 100% and got lucky.
As they say, everyone's a genius in a bull-market.
Bring on the recession.
Here's a prime example of a shake-out.
How I turned $15,000 into $1.2m during the pandemic – then lost it all
Investing in risky stocks gave me the illusion of control in a time of uncertainty – until it derailed my entire life
The entire read is long, cringeworthy, and full of political red meat, including a nice little trope about how money can't buy happiness.
But it shows what a shake-out looks like: It's an "investor" who thinks buying options in a high-volatility environment is investing. It's an investor who has known NOTHING but up-up-and-up in the markets for the last 15 years. It's an investor who is a gambler, someone who thinks Reddit's Wall Street Bets is "inside information" and financial advice.
We recently had someone here who was being "shaked out" and instead of learning from his mistakes, he called 9 months of market declines a "black swan."
HOT! - INTRO - Need help from a whale to offset my massive trading losses
If you've invested long enough, you know how hard it is to become successful and stay successful. I've been up numerous of times, yet every time I get to the millions, a black swan event happens to cause me to lose just about everything I have in less than a months time. Just about the worst...
www.thefastlaneforum.com
Folks, the recession is needed in order to bring common sense back to investing. It is needed to make people realize that REAL WEALTH is created by producing REAL VALUE -- not because you bought some overpriced puts with an IVR of 100% and got lucky.
As they say, everyone's a genius in a bull-market.
Bring on the recession.
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