So true! Personally, I've had a lot of FOMO about getting into stock investing, while I've been DCA'ing in index funds coming up on 3 years.
The note about us being bombarded by "movers and groovers" is also why I think the majority of people (in my country atleast) are investing in stocks over index funds - and it's just as pervasive for me. Who wouldn't like a 700% ROI over the usual 7-9% growth?
Definitely Agree, this short term returns expectation and gamification is eating into savings of retail investors.
I have been implementing a slightly different approach, we use traditional brokers (over these tech based ones, the cost is same) and prefer to call for buying and selling, usually invest long term in equity and avoid deriviatives. This is the least distraction way. And the returns (average of past three years @ 18-20 percent is not too bad)
Thoughtful post. Investor markets and Gambling markets feel intertwined with the unprepared making significant if not total losses chasing life changing sums. Caveat Emptor however it’s worth asking if Trading Houses need more regulation to ensure new market entrants truly understand the risks they’re taking and not just pass the “I have read the terms and conditions” checkbox.
So true! Personally, I've had a lot of FOMO about getting into stock investing, while I've been DCA'ing in index funds coming up on 3 years.
The note about us being bombarded by "movers and groovers" is also why I think the majority of people (in my country atleast) are investing in stocks over index funds - and it's just as pervasive for me. Who wouldn't like a 700% ROI over the usual 7-9% growth?
Definitely Agree, this short term returns expectation and gamification is eating into savings of retail investors.
I have been implementing a slightly different approach, we use traditional brokers (over these tech based ones, the cost is same) and prefer to call for buying and selling, usually invest long term in equity and avoid deriviatives. This is the least distraction way. And the returns (average of past three years @ 18-20 percent is not too bad)
Thoughtful post. Investor markets and Gambling markets feel intertwined with the unprepared making significant if not total losses chasing life changing sums. Caveat Emptor however it’s worth asking if Trading Houses need more regulation to ensure new market entrants truly understand the risks they’re taking and not just pass the “I have read the terms and conditions” checkbox.