I feel like reddit subs focused on stocks end up being harmful for people and it usually becomes an echo-chamber of people convincing each other to gamble on very speculative ideas. Heck, I actually believe r/wallstreetbets has become more healthy now because people are more straight-forward that they are gambling, and at least can be self-aware to some extent.
But here and on other subs, I really feel like people are pretending to be way more knowledgeable than they are after a few years of investing. (High-brow speculation) They often feel justified by a few lucky bets they made during the pandemic when a chimp throwing darts probably could have picked a few big winners.
I won't pretend I have any actual specialized insight. Like most people here, I started investing in 2020. I have however done a lot of research, and most quantitative evidence suggest day-traders and stock-pickers underperform the SP500 over a 10-year+ timetable.
Maybe this will change overtime, but I can't help but to feel like people are really fucking up their assets/portfolios because they see short-term gains of individual stock-picking and think that will play out over time.
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