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by paulgb 1934 days ago
> If you're taking material personal financial losses and you're not feeling stressed, I'd say there's a problem

I disagree. Markets tend to swing around but trend upwards on average. If you are emotionally tied to the big red or green number when you see when you open up your brokerage app, you're bound to make bad, emotionally-based decisions.

(Edit: I guess our disagreement might come down to the definition of "material". In the past few days of market turbulence I've had days where I was up or down by amounts that I would be devastated to have “fall out of my pocket”, but that I can shrug off because I know I can't time the market and I'm better off not trying.)

1 comments

I guess you're right. But conversely if something you're invested in "for the long haul" has a demonstrated long term negative trend, I'd probably want that to be on my radar.

On some level my concern is that this platform will get people interested in making highly undiversified portfolios, allow them to lose their shirt, and not give an indication that their current strategy is failing and that they should STOP putting more money in.

Makes sense, that is a valid concern. I think the right balance is somewhere less emotion-driven than Robinhood’s dopamine cycle, is all.