I don't know OP but 3k can be a significant amount of money for some people esp when younger. I realise people often lose more, but that can also be because they have more money padding to lose.
The stock market is an expensive addiction. If you read subreddits like r/wsb, you’ll frequently see people losing hundreds of thousands of dollars, mortgaging houses, gambling their future on another 0dt option bet. It’s a good thing he only lost 3k!
From mine, all I remember was getting the impression that putting money in particular stocks without knowing what you're doing is a bad idea. Pretty valuable lesson, I guess, as I've never bought individual stocks since then...
I don't know OP but 3k can be a significant amount of money for some people esp when younger. I realise people often lose more, but that can also be because they have more money padding to lose.
The stock market is an expensive addiction. If you read subreddits like r/wsb, you’ll frequently see people losing hundreds of thousands of dollars, mortgaging houses, gambling their future on another 0dt option bet. It’s a good thing he only lost 3k!
Some folks' elementary or middle schools had stock picking lessons with fake money: https://news.ycombinator.com/item?id=21642395
From mine, all I remember was getting the impression that putting money in particular stocks without knowing what you're doing is a bad idea. Pretty valuable lesson, I guess, as I've never bought individual stocks since then...
You might have learned the wrong lesson there, if your goal is to build wealth. But it’s a good idea to prevent losses
Not really, indexing beats hedge fund managers over something like a 12 year stretch.
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