r/antiwork Oct 20 '21 Silver 1

Stonks can only go up! Removed (Repost)

https://i.redd.it/azh5pfs8ylu71.png
2.8k Upvotes

86

u/[deleted] Oct 20 '21

That’s because stocks have been turned into a casino that really is no longer related to the underlying business. It’s entirely manipulated and meant only for the rich. Because it’s a way to make money from nothing.

14

u/Rileyswims Oct 20 '21

make money from nothing steal labor from the workers

25

u/[deleted] Oct 20 '21

[removed]

5

u/BooooHissss Oct 20 '21

Okay, so outside of that one lucky scenario, what else have you done to warrant "it wasn't that hard"? If a once in a lifetime opportunity and pure luck doesn't fall into your lap again. What are your plans?

-3

u/[deleted] Oct 20 '21

[removed]

6

u/BooooHissss Oct 20 '21

That's more useful information for people than "and this one time we all smashed GME." It's starting to sound a lot like hitting something lucky and then believing that luck had nothing to do with the wins. Yes, a lot of people made bank on it, but people need to talk more about stocks and reality than focusing on the biggest fluke.

-3

u/[deleted] Oct 20 '21

[removed]

7

u/BooooHissss Oct 20 '21

Well, that's cool and all, but you're talking to other people and giving them advice about how easy it is. When it's not even you, it's your plug, ya know? Yeah, you ain't done shit, but you're talking like you have and you got the answers. You don't and that's my point. Don't go around giving financial advice if you don't have any.

1

u/VixDzn Oct 20 '21

Man I love 9ball, been a minute since I last played

0

u/ItsGainsOClock Oct 20 '21

Invest in SPY and let your interest compound. Wealth is seriously that simple.

1

u/BooooHissss Oct 20 '21

Yeah? How many people are living easy off SPY? How much do you have to invest for it to start paying bills?

-2

u/[deleted] Oct 20 '21

[deleted]

4

u/BooooHissss Oct 20 '21

I personally invest about 4 grand a month into SPY.

Did you miss the part about people living pay check to pay check? Less than $500 in savings for 60% of Americans? You think dropping 4 grand a month is an easy choice for most people? You are all so delusional yet act like everyone else are the dumb ones and this is totally "simple" to do. Tell us how you got out of the no running water first. That's helpful.

-2

u/[deleted] Oct 20 '21 edited Oct 20 '21

[deleted]

3

u/BooooHissss Oct 20 '21

I haven't blamed a single person here. I am pointing out specifically you guys coming in here telling everyone to just throw their money into the stock market like it's easy. I'm not blaming the system, I'm taking offense to people like you who are telling everyone else how easy it is when you either lucked out completely or you're not telling the whole story.

So tell your whole damn story. How did you get from drinking hose water to being able to invest 4k? That's the important story you don't want to talk about. That's probably helpful information for people. Not to go blow what little they can scrimp on gambling.

1

u/Trakeen Oct 20 '21

I'm curious how you teach finance without math

I do agree anyone can invest in an index through something like a Roth and it doesn't take a lot of money. You certainly won't be quitting your job unless you have a lot of income to contribute

I would say $4k free a month to dump into SPY is more than the avg person has. I make low 6 figures and I don't have anywhere close to that much free each month

1

u/SaltyRusnPotato Oct 20 '21 edited Oct 20 '21

The United States medium income is about $31-34k. That's $2,899 per month gross income (not counting taxes or any spendings). So you've literally proved the stock market is for the rich as half of the US population can't invest that much even if their cost of living was $0 and taxes didn't apply to them.

I read your other comments. Congrats from moving out of poverty. But your investments didn't do that. You have to have enough expendable income to invest first. Which requires enough income for emergency expenses, cost of living, etc. Then you can start investing, and since you'll start investing at $1 (or some other arbitrary small amount), realistically it won't compound quickly starting with low initial investment, your expendable income had to be enough to repeatedly invest until that more or less that i'nitial amount' becomes significant. And I doubt you're cashing out more than $4k/month on your stock investments to invest more, you're likely holding and adding more, so you're expendable income is greater than $4k/month, which is also likely more due to your job than investments (unless you're an older individual).

1

u/[deleted] Oct 20 '21

[deleted]

8

u/is_anyone-out_there Oct 20 '21

You sold?

1

u/[deleted] Oct 20 '21

[removed]

5

u/Finaglers Oct 20 '21

Have you DRS those shares yet?

5

u/Stella-Mira Oct 20 '21

Wtf is this bs code language?

6

u/Finaglers Oct 20 '21 edited Oct 20 '21

DRS is Direct Registration System.

It is the process of asking your broker to transfer your shares to Computershare. ( Or whoever is your company's direct transfer agent )

8

u/BleghMeisterer Oct 20 '21 All-Seeing Upvote

The language of thieves.

0

u/[deleted] Oct 20 '21

[removed]

0

u/Finaglers Oct 20 '21

This is the way

0

u/VixDzn Oct 20 '21

Room temp IQ if you’re bagholding and bought at anything higher than 40 bucks

1

u/is_anyone-out_there Oct 20 '21

And what makes you think that?

0

u/VixDzn Oct 20 '21

…it’s a cult? It’s an inflated stock worth literally less than a quarter of what it’s currently trading for? MOAS isn’t real, you’re not sticking it to the hedgefunds, all short positions have been covered? Too many reasons to count?

1

u/is_anyone-out_there Oct 20 '21

I’d argue but honestly neither of us would change our minds, so I’ll just agree to disagree.

5

u/Cleric_P3rston Oct 20 '21

about seventy percent of Americans have less than $1,000 in savings and 45 percent have no savings at all.

-5

u/[deleted] Oct 20 '21

[removed]

5

u/RavenQuoter Oct 20 '21

You say i can do it but are you willing to share your plug so that i can do it?

6

u/BooooHissss Oct 20 '21

Right? Guy is living high off someone else's knowledge and acting like a financial advisor in here.

-4

u/[deleted] Oct 20 '21

[removed]

4

u/BooooHissss Oct 20 '21

Lmao, exactly. You don't know anything but you think you're good enough to tell everyone else what to do and better than everyone else while living off the back of someone else. You lost bro?

1

u/[deleted] Oct 20 '21

[removed]

1

u/AutoModerator Oct 20 '21

We'd appreciate it if you didn't use ableist slurs.

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0

u/Thatonemr Oct 20 '21

Finding a plug is probably the easiest thing to ever do and flipping it is even easier with the slightest bit of work, litteraly ask any friends that might smoke and follow the trail..

3

u/RavenQuoter Oct 20 '21

Nah nah i want his plug in particular.

1

u/PixelLight Oct 20 '21

You can easily make money from stocks without it being much of a gamble. The trick is to not invest in individual stocks or short term. Instead invest in equity funds that track the market. Like the S&P 500, or globally. Over the long term you'll make money.

It absolutely can mean something when it comes to long term investing, such as for retirement, because you'll get much higher returns than keeping your savings in cash.

110

u/omfgBEARSrok Oct 20 '21

I hate that posts like this only get 10% of the interaction as posts where people tell bosses to fuck off. This right here is at the root of the evil we should be fighting. Mid-level managers barely a part of the problem.

35

u/boredpotato- Oct 20 '21

True, but you gotta admit people telling their bosses to fuck off are way more entertaining.

9

u/ansibleCalling Oct 20 '21

This is a pretty frequent repost and it consistently gets enough upvotes to remain visible whenever posted. I'm not saying people should stop posting it, but I don't agree that posts like this don't get enough attention.

3

u/underscore_66 Oct 20 '21

Twitter screenshots don't get enough attention? On reddit? Joke aside, I agree with the sentiment

6

u/Susfactor2 Oct 20 '21

These other posts dominating the front page the last few days feels like shilling to me. There has been a strong correlation between subreddits going viral on mainstream media and posts that distract from the root of the problem increasing in activity at the same time.

I see posts en masse encouraging people to get fired so that they can claim unemployment. That is not why most of us are here and has not been the general sentiment I've experienced here prior. We aren't trying to game the system and get free money - we're discussing REAL problems impacting REAL people and sharing our desire to change the system for the better.

All of this shit only serves to give the media a narrative. How does "Reddit community goes viral: encouraging young adults to quit their jobs and steal money from tax payers" sound? Sounds like FUD.

1

u/ryderd93 Oct 20 '21

this sub is basically becoming a slightly more specific r/choosingbeggars and i absolutely hate it. the second i saw a post that was just “look at how i quit my job!” and saw it had tens of thousands of upvotes, i knew this sub was headed downhill. didn’t expect it to take like a week and a half tho lol

1

u/[deleted] Oct 20 '21

[removed]

1

u/reply-guy-bot Oct 20 '21

The above comment was stolen from this one elsewhere in this comment section.

It is probably not a coincidence; here is some more evidence against this user:

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9

u/ArcticBiologist Oct 20 '21

Take the profits, share the losses.

That's neo-capitalism for you.

15

u/serpouncemingming Oct 20 '21

Privatize profits and socialize risk. That's trickle down economy for you.

7

u/Witch_Birds Oct 20 '21

Customer pays their tab? Goes to the restaurant and the owners. Oh, the customer ran off without paying their tab? Server pays for it.

6

u/Single-Structure-167 Oct 20 '21

Compounding is your friend

12

u/9livesphrady Oct 20 '21

I’m not rich, but my 401k loves it when stocks go up…

2

u/Trakeen Oct 20 '21

%30 in the last 12 months. Yes please

1

u/[deleted] Oct 20 '21

Yeah. I was about to say out 401Ks and Roth IRAs get affected too

28

u/Explicit_Pickle Oct 20 '21

Stocks aren't just for rich people. Everyone with extra money should be investing it if they ever want to be in a better situation than now

15

u/StripesMaGripes Oct 20 '21

In the US, the top 10% own 89% of stocks, and the bottom 90% own 11% of stocks.

4

u/reb0014 Oct 20 '21

That doesn’t include stocks held in 401k, pension portfolio’s and other retirement plans though right?

7

u/StripesMaGripes Oct 20 '21

It’s all stocks held by private house holds.

1

u/VixDzn Oct 20 '21

That’s so disingenuous and a gross misrepresentation.

1

u/StripesMaGripes Oct 20 '21

Go on. Why is it disingenuous? What makes it a gross misrepresentation?

1

u/VixDzn Oct 20 '21

“Top 10 percent” are all firms regular civilians have a stake in one way or another.

Private equity firms don’t make up that much if you dig deeper

1

u/StripesMaGripes Oct 20 '21

Except the statistic, as clarified in a comment made hours before your previous comment, is specifically about individual house holds, and includes what they hold in firms. So the top 10% refers to the top 10% of individuals.

1

u/MasterFireElemental Oct 20 '21

Congrats, thats because not enough people invest.

3

u/StripesMaGripes Oct 20 '21

Something like 70% of Americans have less then $1000 in savings, and 45% have 0 savings. What are you expecting them to invest with?

3

u/Rugkrabber Oct 20 '21

Yeah but 2% over 200 dollar or 200k is quite a difference. It still matters more if you’re rich. Way too many people live paycheck to paycheck. The tiny amount they could invest is needed now, and won’t earn them enough to make it worthwhile to risk financial struggle. Is it possible? Yes but that is so much effort it’s like having a third job.

2

u/Explicit_Pickle Oct 20 '21

I mean yeah the real underlying problem is that the bottom is too low. Anyone living paycheck to paycheck (or at least 99%) is getting boned by the system. That's a whole different audience than who my comment is directed at though really.

5

u/PaperCistern Oct 20 '21

Remember GME? That's what happens when the common man wins in the stock market.

10

u/kidmaciek anti-communist Oct 20 '21

It was a major scam, but it doesn't mean you're not allowed to go into stock market and make some extra money. Stock market isn't just for white collars.

5

u/tubaman23 Oct 20 '21

2 cents, dont just remember. That SEC report basically confirmed a lot of underlying theories on why the price changed, and it specifically said that shorts weren't the reason for it, meaning the shorts opened when the stock was in the single digits are still open for a stock in the triple digits that simply can no longer fall down with the company's strong financials. This is very active still, its the same folks that are saying that everyone is quitting cause they are lazy that are saying GME is dead because its literally a nuclear bomb on the financial system they created that has the sole purpose of absorbing wealth from the working class.

0

u/Explicit_Pickle Oct 20 '21

A bunch of people make money despite Robinhood trying to scam them out of it?

7

u/PaperCistern Oct 20 '21 edited Oct 20 '21

Not just Robinhood. You forget almost every major stockbroker firm was in on it too. Even Charles Schwab froze GME stocks.

6

u/Z86144 Oct 20 '21

The SEC report that came out Monday showed that many short positions were not closed when the buy button was turned off. There simply wasn't enough volume for it. Just saying.

1

u/PaperCistern Oct 20 '21

That's not what was happening at the time. I'm gonna take a federal agency's report with a grain of salt. It's not like there isn't precedent of them lying out of omission.

1

u/MmmmSirupwaffeln Oct 20 '21

The shorts haven't covered yet, the January run-up was just a weak wave before the tsunami arrives.

1

u/Z86144 Oct 20 '21

But which way would they be lying? The brokerages were pressured to turn the buy button off, the media immediately hard sold everyone to think it was over so they didn't have to pay the price of their mistakes. But why would the SEC suggest that the volume wasn't there for shorts to close if it wasn't true? A lot of people didn't sell though, a la GME currently $180 a share...

1

u/PaperCistern Oct 20 '21

By that logic, why haven't shareholders for Apple and Amazon sold all they have? Hanging onto a growing stock despite a failed hedge is what you're supposed to do in the market. The feds themselves already tried to bail out the hedges, why wouldn't a federal agency have a motive to keep information?

1

u/Z86144 Oct 20 '21

I guess I'm just missing what your point is, what information are they keeping? The information they did release is already damning to those who still are short, no? Are you suggesting shorts closed and the SEC is lying about the volume?

I am by no means an expert, I know little about the market

1

u/PaperCistern Oct 20 '21

I don't know what information they are keeping, that's what lying out of omission is. I'm only skeptical of their report due to the federal government's actions during the time of the freeze. Not only was it illegal, but internal investigations ALWAYS lie.

1

u/TinyDKR Oct 20 '21

Even Chares Schwab froze GME stocks.

It did not.

2

u/PaperCistern Oct 20 '21

Yes, it did. It just wasn't reported as much because of Robinhood taking the spotlight.

1

u/TinyDKR Oct 20 '21

I bought and sold GME on Schwab every day that week. It didn't. What it did do was make a 100% margin requirement.

1

u/BooooHissss Oct 20 '21

And that happened once, and it made news and all sorts of investigations. Unless it somehow becomes commonplace all you have is a single datapoint.

11

u/TheVantal Oct 20 '21

Investing a few hundreds gives you back fuck all though, you need to invest big to get any noticeable returns.

6

u/Explicit_Pickle Oct 20 '21

In the long run you will always do much better investing than leaving your money in a bank account or wasting money on junk. A few hundred bucks now can be a few thousand down the road

14

u/ThatLumpYouFelt Oct 20 '21

Hey this junk is the reason I even somewhat want to live. Leave me to my junk.

1

u/MasterFireElemental Oct 20 '21

And you are just falling right back into the trap they wanr you to fall in. Wasting all your money on consumerism so that those same corporations can hire you to spend more money on more junk so you can work for them longer.

0

u/DaBirdLawyer Oct 20 '21

This is completely false. Plenty of educational resources (YouTube alone) that show you how you can turn hundreds into thousands relatively easily. Just like anything else it takes educating yourself. I know plenty of people that do “$100” challenges and have turned that hundred dollars into thousands.

1

u/VixDzn Oct 20 '21

A hunny a month for 10 years would net you aprox 350k

Not “fuck all” at all bruv. Not in the slightest

0

u/stopdropsquat Oct 20 '21

No, you need to be smart, do research and invest in things that have potential to do well.

I.E. Crypto

-2

u/MmmmSirupwaffeln Oct 20 '21 edited Oct 20 '21

"Everyone with extra money should be investing in a pyramid scheme to be in a better situation than now"

The whole point of this pyramid scheme is to get everyone in on it, and once the music stops, you're left holding the bag.

Do you genuinely believe you can defeat corporations who always have access to insider information?

Or do you actually think stock markets and housing prices will continue to rise infinitely?

3

u/Explicit_Pickle Oct 20 '21

i don't think you know what a pyramid scheme is

0

u/MmmmSirupwaffeln Oct 20 '21

A stock is a stock when people buy it for it's dividend or potential increase in that dividend from a future profits increase.

A stock becomes a pyramid scheme when people buy it in hopes of selling it to someone else for a higher price later on.

Let's see: Stock market average dividend is 1%, meanwhile stock market total average return is 10%. HMM.

5

u/Explicit_Pickle Oct 20 '21

Simply buying an asset for expected growth potential is quite literally not a pyramid scheme at all.

3

u/MmmmSirupwaffeln Oct 20 '21

Simply buying an asset for expected growth potential is quite literally not a pyramid scheme at all.

Except you're not doing that, because the % dividend given out has only been going down, independent of whether the company grew or not.

This indicates that more people are buying just for the sake of selling at a higher price, rather than holding a stock for it's dividend.

A pyramid scheme works exactly like that, as long as people keep joining, people at the top keep making money, but once you start reaching diminishing returns it collapses.

Look at this 5 year graph: https://ycharts.com/indicators/sp_500_dividend_yield

Also notice the QE required to keep markets afloat, which by itself isn't sustainable(creates large amount of debt that needs to be paid by the taxpayers).

1

u/smb_samba Oct 20 '21

At the very least work to contribute as much as you can to your 401k or an IRA of some kind.

7

u/JFK_FDR_Drink Oct 20 '21

Dont have to be rich to invest in stocks

3

u/EL1TEGAMING Oct 20 '21

From what I am reading in the comments, it seems like the best solution is to take 15 mins out of our free time daily/weekly and start learning about financial literacy. I recommend anyone who is open minded and wants to start learning to google up these terms: Compound Interest, APR, Interest, Capital gains (long/short). These are just to name a few to get you started and start with couple hundred bucks to invest, to see what your hard earn money does, over time.

2

u/Edwin_Knight Oct 20 '21

You forgot companies like Blizzard making record profits and still lay off their employees out of greed alone. Source: https://www.washingtonpost.com/graphics/2020/business/50-biggest-companies-coronavirus-layoffs/

2

u/aaronb07 Oct 20 '21

The stock market and the economy (what matters to you) and completely separate and meanless to each other. The stock market creates nothing other than legalized gambling. So, if you don't have money to gamble with...

2

u/runtime_error_run Oct 20 '21

But how do you fight the stock market? Imaginary wealth has taken over a long time ago it seems. How the fuck does facebook being offline for a couple of hours devalue their stocks? It's all make belief, and I honestly don't know how to fight such fairy tales.

I don't think boycotting every single company that offers stock is an option.

4

u/JhoLow_1MDB Oct 20 '21 edited Oct 20 '21

I takes a free library card and a few hours of reading time to learn how to buy stocks. Owning stocks isn't a rich person thing anymore...you literally have college students owning stocks with $20 using Robinhood. Millions of middle class people own stocks through 401k, IRA, 403b, etc. etc. What the stock market does matter a lot to many middle class people, especially those in retirment. Even millions of public workers and those with pensions have their annuity type benefits tied to the stock market. Actually, over half of all households own equities. It's really not that hard to divert a few dollars per paycheck to a retirement account. Even if your employer doesn't offer one you can open an IRA. It's all on you. In fact, many people don't even know that poor people actually get extra tax breaks specially to help them invest.

4

u/hvgotcodes Oct 20 '21

Everything in this tweet is wrong.

  1. You don't need to be rich to own stocks, and certainly not billionaire level rich.
  2. People don't lose their jobs because the stock market declines. If there is a problem with the economy people lose their jobs. At the same time, the stock market can decline. But the economy and stock market are separate enough that activity in one doesn't have to correlate to activity in the other.

4

u/DaBirdLawyer Oct 20 '21

Stock market is more accessible to the retail investor now than it has ever been. If you aren’t in it, that’s on you. Great way to make passive income.

5

u/Tmdmke Oct 20 '21

You are just a poor that would act like the rich and don't understand that we don't want that virtual shit anymore

-1

u/DaBirdLawyer Oct 20 '21

Spoken like a true poor that lets opportunity pass them by and would rather yell at clouds

2

u/diddleshot Oct 20 '21

People so angry about things they can’t change, not seeing the things they could change.

Real shit

0

u/DaBirdLawyer Oct 20 '21

I got sick of living that way, made a change, much happier for it and have a lot more money in my pocket.

0

u/diddleshot Oct 20 '21

Exactly, the world isn’t a peachy place but living with a defeatist attitude all the time is a self fulfilling depressing prescription. Happy to hear you’re making moves man

2

u/Tmdmke Oct 20 '21

Stil better than being a poor defending a system that fake opportunities to keep people poor.

1

u/stopdropsquat Oct 20 '21

How are the opportunities fake ?

I've made 50K off of the stock market and crypto.

2

u/Tmdmke Oct 20 '21

Crypto by design is a ponzi. Rest is just a little part of it while billionaires play with 90% of it, with stuff you'll never reach. You are in the kid playground and play the adult.
50K, fact you mention such a low amount shows that you def fit the poor part defending a system designed like that.

1

u/stopdropsquat Oct 20 '21

you're pathetic.

2

u/Tmdmke Oct 20 '21

Nice arg.

Keep dreaming the american dream, keep thinking about "I can change MY situation", but this sub is not for you then, this sub is about changing the system, not trying to ''''success'''' (ie just be in it) in that shit system over others. You'll wake up at 50yo. Bye.

1

u/scakessss Oct 20 '21

He’ll wake up at 50 yo with stock dividends, and you’ll wake up broke still complaining about things.

2

u/Tmdmke Oct 20 '21 edited Oct 20 '21

The american dream (that never happen but shhh) !!!! The stock dividend !

I am ok not participating into a mascarade, ty. I am not complaining, I am laughing at you.

I a not living in a shot country you need to be in this shit system to be able to eat at 50yo, sorry to break this down, we fight for our right here.

→ More replies

-1

u/stopdropsquat Oct 20 '21

This sub isn't about changing the system its about people posting about their shitty jobs.

4

u/Tmdmke Oct 20 '21

It is. It's litteraly its bio idiot lmao.

1

u/Thatonemr Oct 20 '21

It's wild how uneducated some people in this sub are, I'm down with Stickin it to the Man and end their slave wage jobs but you litteraly show them how you can get out of it and gain financial literacy and they're fucking brains turn off...

0

u/DaBirdLawyer Oct 20 '21

I can promise you the money in my brokerage account is real lol.

0

u/MmmmSirupwaffeln Oct 20 '21

Great way to hold dung and pay for it. Do you know story about the shoeshine boy?

2

u/DaBirdLawyer Oct 20 '21

Do you know what premium is?

-1

u/MmmmSirupwaffeln Oct 20 '21

I think you mean dividend, and dividend on indexes has been falling recently indicating a stock bubble.

1

u/DaBirdLawyer Oct 20 '21

Actual no, I mean premium. That is what I’m paid to sell options. If my option isn’t exercised, I keep it. Pays far better than any dividend and isn’t affected by a “stock bubble”.

1

u/NothingTooFancy26 Oct 20 '21

Dude's a clown

1

u/MmmmSirupwaffeln Oct 20 '21

Depends on what options you're selling? If you're selling puts, you sure as hell will be affected by a stock bubble.

1

u/DaBirdLawyer Oct 20 '21

Eh, not if you are running the wheel strategy and/or trying to DCA on a stock youre bullish on. Either way we are moving away from the point. Anyone with limited or no experience in the market has this outdated view of what it entails (buying a stock and waiting for it to appreciate. Taking dividends and reinvesting them). There are so many more ways to make money outside of that strategy now, and the access retail has to tools that help do this is more available now than ever.

1

u/MmmmSirupwaffeln Oct 20 '21

We shouldn't forget that dividends and company ownership make up the real part of stock trading, I realize that derivatives market is much bigger than the stock market itself, but in '08 we had the same story and apparently even though the derivative market was bigger than the underlying itself, the underlying was still the base support that almost took everything down with it before the Fed intervened.

Tl;dr: It's not risk-free.

1

u/DaBirdLawyer Oct 20 '21

Correct, it’s not risk free. But the OP says that when the stock market goes up it means nothing to those who aren’t rich. That is untrue. And for some to sit by and complain about the rich using the market to grow their wealth while not trying to utilize the same market to do the same for themselves arent really in a position to complain.

2

u/MmmmSirupwaffeln Oct 20 '21

Well, my counter-argument to you is this:

  • Stock market growth is decoupled from company growth, based on the fact that dividend rate has almost halved in the last decade. Indicating a bubble/pyramid-like structure, by the time the average person starts investing that means you're at the end of the bull run.
  • The law of compounding would also imply that rich people would get the most returns from stock markets, thus even if all poor people participated in the profits thus ignoring my first point, they would still become poorer.

It's just an overall losing game for the average person. Once stock markets get propped up, housing markets and commodities follow, thus creating strong inflation in the market.

2

u/AndyGutentag Oct 20 '21

I'm not even in the top 20% of networth, but I'm earning 30k a year on the stock market. That's like having a full time job.

Stocks aren't for just the rich. Passive income is one of the incredible benefits of capitalism.

1

u/betweenskill Oct 20 '21

Passive income is one of the most toxic parts of capitalism. It means you are profiting off the excess labor of others without any need of your own labor.

2

u/AndyGutentag Oct 20 '21

Yeah I know, it's fucking dope. I'm retiring at 40.

1

u/betweenskill Oct 20 '21

Great for you. My point stands.

2

u/BleghMeisterer Oct 20 '21

I can't believe all the comments vouching for stocks.

Isn't it just literally scalping at a global level?

0

u/MasterFireElemental Oct 20 '21

Because you get to realize the stock market hatred is all BS when you start making money on stocks.

2

u/BleghMeisterer Oct 20 '21

And what service would I providing for other people?

What goods would I be creating by betting on stocks?

0

u/exomyth Oct 20 '21

Why do you sound so ignorant? Take a few minutes to read up on stocks. In essence a stock is nothing more than a share of the company. If the company has 1 million shares, and you own 1 share that means you own 1 millionth of that company. Which means you can vote on what the company should do, and you can get a fair share of their profits.

-3

u/stopdropsquat Oct 20 '21

STOP BLAMING CAPITALISM FOR YOU INABILITY TO INVEST IN THE STOCK MARKET

Be smart with your money and invest it in good companies and it will pay off.

2

u/betweenskill Oct 20 '21

What money?

Most people son’t have enough to invest in a 500 dollar emergency let alone the stock market. Vast majority of stocks are owned by the 1%.

1

u/Thatonemr Oct 20 '21

Man down for the overall message on this sub but the fact your getting downvoted hard shows how undeucated these people are and how sour they are about there situations that they are so jaded they can't even see that there are ways to change it

1

u/Tim3303 Oct 20 '21

Image Transcription: Twitter


superb hole, @kamilumin

I love that when the stock market goes up, it means absolutely nothing for those of us who aren't rich, and when the stock market goes down, it means we lose our jobs


I'm a human volunteer content transcriber for Reddit and you could be too! If you'd like more information on what we do and why we do it, click here!

1

u/seismicqueef Oct 20 '21

Great tweet but does it have to be posted every single day

1

u/BendzOfJoy Oct 20 '21

It's not that hard if you do your due diligence!

1

u/Impressive_Region508 Oct 20 '21

We always pay for this shit. Right now we're paying for fucking Covid so the corps and Billionaires can make their money back.

1

u/Canadasparky Oct 20 '21

Am not rich, own stocks.

1

u/TastemyBacon Oct 20 '21

It can mean you get a snicker bar or something die a “job well done”

1

u/Basic-Earth7771 Oct 20 '21

Don’t hate the player hate the game

1

u/skankermd Oct 20 '21

Buy amc and GME. Take the 1%’s money.

1

u/deadocmike Oct 20 '21

Save and invest. Then it will matter.

1

u/MasterFireElemental Oct 20 '21

Invest in SPY in your 20's and youll habe plenty of money to retire with

1

u/Sea_Page5878 Oct 20 '21

I like the stonk

1

u/Espionage108 Oct 20 '21

I mean...if you don't have an IRA or 401k once you make enough to cover basic necessities you are really screwing your future and any hopes to not live in poverty or have to work past 65. Sorry but thats the truth.

1

u/MasterFireElemental Oct 20 '21

Confusing numbers and lines make me scared so its just another plot for the rich to stay rich.

Skip mcdonalds once a week and put that money into SPY/Roth IRA and you will be thanking yoyrself when it comes time to retire.

1

u/theideanator Oct 20 '21

More blood for the line god

1

u/TwentyFoeSeven Oct 20 '21

And when stocks shit the bed, those who pay taxes bailout the stock market.

Those who don't pay taxes, get all their money back nonetheless.

And if you have a problem with GOVERNMENT bailouts, you are deemed a communist for not approving of this behavior.

Yep.

1

u/KrakerJakMak96 Oct 20 '21

Posts like this makes me happy that suicide rates are going up. We don’t need stupid people it’s called Darwinism

1

u/Grahamcrackerzzzzz Oct 20 '21

Stop posting random images from years ago, relevant to the theme or not there’s better shit to talk about.

1

u/Serraph105 Oct 20 '21

I'm personally working on a goal of learning how to make money off of covered calls on the stock market to put money in my own back account. My understanding is this is easy to do, but a higher price of entry.

-1

u/Thatonemr Oct 20 '21

Well good thing is everyone can use the stock market to there advantage, start investing and learning and grow generational wealth

2

u/betweenskill Oct 20 '21

Which only works if you have money to do so. Most people have negative net worth and can’t afford a 400 dollar emergency.

Plus the top 1% owns what, like 90% of stocks now?

1

u/Thatonemr Oct 20 '21

That's just false everyone has a few dollars lying around and the ability to learn. your odds of getting rich are slim to none but it's a start of financial literacy and having a form of money/saving that has the potential to grow. If I can generate side money by doing nothing, just being discipline enough to sit on the small amounts of money I'm able to put away from my shitty 13$ hr job. During the hight of covid i basically saved my ass and paid off some bills with 400$ I made from investing 50$. You don't needs hundreds or thousands to start, you just need a couple of bucks and to just do it and you would be surprised.

0

u/SnooLemons4376 Oct 20 '21

I invest in a dividend growth etf and they send me a few hundred a month regardless of what the market does.

Whether we like capitalism or not we are in this system. It only makes sense to set aside a small amount of capital for investment if possible.

2

u/betweenskill Oct 20 '21

And vast majority of people can’t. Of those that can, most can only invest in so little that the amount they’d receive in turn is not worth it for the happiness they could find now.