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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. (www.theverge.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[–] Moneo@lemmy.world 2 points 9 months ago* (last edited 9 months ago) (1 children)

Oftentimes people who obsess over crunching numbers and doing lots of research, will rarely make more than if they just bought index funds.

I'm pretty sure like 95% of people who are paid to beat the market perform worse than index funds over any period greater than 5 years. I'm procrastinating at work so I'm going to be one of those annoying people that tell you to go research it yourself, but ya. From everything I've heard essentially nobody beats the market over long periods of time, it's a losing battle. Just buy index funds and wait.

It's boring but it's the smartest thing to do.

[–] TranscendentalEmpire@lemm.ee 2 points 9 months ago

like 95% of people who are paid to beat the market perform worse than index funds over any period greater than 5 years.

Not too crazy to imagine, especially with how the markets have been behaving recently. Index funds have been having crazy returns the last year or so.