Hacker News
points by Master_Odin 3 days ago | 0 comments
It's down 8% over past 6 months while the S&P500 is up 7%. It's definitely so far been not a great investment, unless you managed to get in and out during that brief huge upswing
[–] internetter 3 days ago
It stands to reason Anthropic will also have a huge upswing. I may eat my words.
[–] runarberg 3 days ago
There are people playing that same game on the other end, and they have the tools to exploit market swings which you may not have. Those are the people who will benefit from the potential huge upswing, and that money came from somewhere, most likely from your investment.

Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living. (it is also systemic exploitation of the working classes; so if you are into worker solidarity [you should] you should not partake in said exploitation).

[–] dbmnt 3 days ago
It is not, played over time, a losing game. Just look at the lifetime graph of any major index.

If you just buy and hold, and don't panic sell during a recession, you'll win.

Will other more sophisticated players make money exploiting short-term swings? Sure. Will other players beat your returns? Also yes.

But that money isn't coming out of your pocket, so why does it matter? You're still beating leaving your money in a savings account, where inflation is outpacing interest.

[–] internetter 3 days ago
> Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living

Indeed. And yet opting out is an even bigger loss.

[–] rjbwork 3 days ago
Which I did. Most obvious opportunity for a trailing stop order of my entire time trading, lol.