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Stock Thread (41 Viewers)

Desert_Power said:
The deck may be stacked against young people, but the odds are buying into a ponzi schemes isn't going to be a +EV play either.
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Oh I’m not saying it’s a winning strategy but it is a strategy. 
 

If people play it right then can come out ahead too. Doubt many do but there will be winners. 

 
stbugs said:
We weren’t talking about young people. @McBokonon mentioned people who had been through the financial crisis, probably dot com bubble too, and were entering their big earnings year. I fit that description to a T. You are arguing about the next generation. I was talking about people who had been working and in the stock market for 20 or so years. I’m talking about the Karen’s and their husbands during their GMC Suburbans.
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I was thinking younger - when I say lived through the financial crisis, I meant that it impacted their worldview in their formative stages, not that they were financially impacted by it. The answer to increased savings rates and attraction to meme-stock stuff is obviously attributable to multiple things: Distrust of existing systems for, quite frankly, really good reasons; stimulus money; and, stocks/crypto are extremely accessible and gamified. There's more options for remote work with flexible schedules on their own time because we're a service economy and not a manufacturing one (as much) and on and on. 

 
McBokonon said:
I was thinking younger - when I say lived through the financial crisis, I meant that it impacted their worldview in their formative stages, not that they were financially impacted by it. The answer to increased savings rates and attraction to meme-stock stuff is obviously attributable to multiple things: Distrust of existing systems for, quite frankly, really good reasons; stimulus money; and, stocks/crypto are extremely accessible and gamified. There's more options for remote work with flexible schedules on their own time because we're a service economy and not a manufacturing one (as much) and on and on. 
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Yeah, I lived through the dotcom bubble, and it's probably the first thing that put my focus on equity markets, but I had to call (or walk across the street to) Olde to pay way too much to invest way too little. Free trades from the comfort of my home-based cubicle would have been... well, probably disastrous... but still.

 
McBokonon said:
I was thinking younger - when I say lived through the financial crisis, I meant that it impacted their worldview in their formative stages, not that they were financially impacted by it. The answer to increased savings rates and attraction to meme-stock stuff is obviously attributable to multiple things: Distrust of existing systems for, quite frankly, really good reasons; stimulus money; and, stocks/crypto are extremely accessible and gamified. There's more options for remote work with flexible schedules on their own time because we're a service economy and not a manufacturing one (as much) and on and on. 
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Welp, we weren’t on the same page. When you said people were now in their big earnings years, I’m thinking people who  worked/invested during that period not their kids.

 
stbugs said:
Welp, we weren’t on the same page. When you said people were now in their big earnings years, I’m thinking people who  worked/invested during that period not their kids.
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Gotcha. Yeah, I didn’t mean big earnings years like they’re in the C suite now, but maybe exiting their entry level gigs and starting their ascent.

 
Capella said:
“I don’t see the past 20 years of the market/economy driving people to DOGE.”

couldn't disagree more @stbugs — sure  a greed factor is involved but young people are absolutely aware that the deck is stacked against them and completely uninterested in working these crap jobs for crap money while a bunch of Karens yell at them because their kale salad has too many raisins in it. They’re just not going to do it anymore.
 

I think we are seeing a fundamental shift in the way this next generation decides to work and live their life and I do not expect it to change. They are finding other ways to make money, whether it’s DOGE or meme stocks or driving Uber eats around on their own time - everything has fundamentally changed. 
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Love and :lmao:  at the bolded. Of course sad but true.

I agree with your premise and would add that in my experience spending their lives chasing money to get more "stuff" isn't something they seem to care about. Life is fleeting. Spend as much time as you can enjoying it.  Like you posted, wasting your time doing a soul crushing job isn't time well spent. 

 
Kale is the CYDY of food.  Some people can’t quit it but most rational people find it appalling.  
 

*oh CYDY why can’t I quit you!!!

 
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The General said:
I like it. In for 200 shares to track this. 
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Joined you today ($GENI). Just a starter - they have earnings next week and I think there’s still some warrant something or other that could cause pressure in the near term, but wanted some skin in the game just in case they crush earnings or give crazy guidance.

 
McBokonon said:
Joined you today ($GENI). Just a starter - they have earnings next week and I think there’s still some warrant something or other that could cause pressure in the near term, but wanted some skin in the game just in case they crush earnings or give crazy guidance.
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Nice. Let’s catch some luck. 

 
stbugs said:
It’s so odd how easy it seems to be now to find a job and it just doesn’t seem to matter. At the same time people can throw double cash on houses. Is it the free billions and billions in crypto and meme stocks? Is everyone a millionaire now and there’s no need to work?
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I don't know what it is but everyone seems to have more money than me.

 
Capella said:
“I don’t see the past 20 years of the market/economy driving people to DOGE.”

couldn't disagree more @stbugs — sure  a greed factor is involved but young people are absolutely aware that the deck is stacked against them and completely uninterested in working these crap jobs for crap money while a bunch of Karens yell at them because their kale salad has too many raisins in it. They’re just not going to do it anymore.
 

I think we are seeing a fundamental shift in the way this next generation decides to work and live their life and I do not expect it to change. They are finding other ways to make money, whether it’s DOGE or meme stocks or driving Uber eats around on their own time - everything has fundamentally changed. 
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They don't give a damn and I wish I didn't at their age.

 
McBokonon said:
Joined you today ($GENI). Just a starter - they have earnings next week and I think there’s still some warrant something or other that could cause pressure in the near term, but wanted some skin in the game just in case they crush earnings or give crazy guidance.
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Adding this as my betting and HYFM as my marijuana plays. Pick and shovel.

 
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metoo said:
I don't know what it is but everyone seems to have more money than me.
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Yeah, we got off my original thought, but it feels like that. My wife and I do well but damn if I feel poor sometimes. Maybe other people are spending more than saving now, but I’m amazed sometimes at the amount of money thrown around.

 
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