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by traceroute66
1225 days ago
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Just the usual reminder that people should not be taking financial advice from random people on the internet. If somebody is telling you that you should do something without knowing anything about your personal financial circumstances or appetite for risk, then they should be ignored. It is equally unlikely that you will be willing to sufficiently disclose your financial circumstances to unknown individuals in order to receive any sort of worthwhile advice. The above advice applies across the spectrum, whether it's the usual crowd blindly saying "buy a passive ETF and forget about it" or pump & dumpers saying "buy XYZ shares because its the next ten bagger". |
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There are lots of people on the internet putting out super valuable insight and/or trying to educate the unsophisticated masses. Putting out a blanket statement perpetuates this myth that finance is only for professionals, just like coding.
The culture of open source has led to high-trust collaboration in the software community. While anything involving money attracts grifters and scammers, that doesn't mean that there aren't honest and open people out there giving away gifts.
Much like you shouldn't just blindly execute random code on your machine from an untrusted individual on your computer, you shouldn't just blindly open a position on something without thinking hard about the decision for yourself.