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by matmatmatmat
1954 days ago
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... access that they used to YOLO some savings on some GME trade, which pretty quickly went to nearly worthless. I'm not arguing that access in itself is bad. I'm arguing that new money speculating in the equities market often doesn't go well. |
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> new money speculating in the equities market often doesn't go well.
It goes better than lottery tickets, which target the poor and the mathematically challenged. Stocks at least have an upward bias, while lottery tickets have a strong downward bias.
BTW, wealthy people lose money in the stock market, too. Stocks do not come with guarantees for anybody.