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by smt88
1558 days ago
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> I do think there's room for a lot of investment styles. I know a lot of middle/upper class people that enjoy analyzing stocks for long term holds in companies they believe in. So are you investment education or are you investment data? The former pushes people toward a certain investment style, and currently that investment style is one that loses them money (as you seem to know). It seems that you're trying to democratize something like Bloomberg. In the hands of an individual retail investor, it's essentially a tool for gambling. I don't think there's anything immoral about that, but the veneer of "making the world better" in your posts really rubs me the wrong way. If your goal is to educate people for the betterment of society, tell them not to look at stock market data, not to pay attention to people like Kramer, and to put their money into ETFs. |
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Both! For example, think investopedia is great but it's not contextual education, aka it's not given to you at the right time. I was able to learn best by applying the numbers with education and actually exercising/using it. This is also why I believe that the static white text/endless pages of definitions isn't the type of education that ends up working in this case (people have short attention spans/it's boring/dry).
Responding to your other messages, I appreciate your honest concern around the gambling. I agree that when people trade/try to see patterns in charts, buy/sell within a year or two, that is gambling.
We may agree to disagree on this one, but long term stock investing, when you buy and hold great companies for 5, 10, 20 years, is what we are going for here. We believe that when you can identify a great company, and have patience/the right long term mindset to DCA into it over time, you can do well. You can do that with a small % of your capital, we are also adding suport for ETFs and I agree those are also great investment vehicles for people that don't have the time/care to truly analyze individual stocks/businesses.