@every_daydad I still think that you took my Robinhood tweet 110% too seriously. But there I fixed the tweet. I still don鈥檛 think the criticism was accurate but I can see how it might come off and so I corrected it. I鈥檓 not above acting on criticism even if I disagree with it.
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Like I said its not my advice and I'm not the one that has to live with it. I'd probably wait on giving financial advice until we see how the markets react to the President of the United States contracting a devastating virus.
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Yeah tbh buying individual stocks isn't an investment strategy, it's gambling. It's fine if you know that going in, but suggesting otherwise is irresponsible.
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I've never suggested otherwise. But I think the gambling analogy, while popular is overplayed. The simple fact is that if you have an understanding of what you're looking at you can make educated assumptions. That's not the same as relying on luck.
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Replying to @robertoblake @every_daydad
I guess my problem with it is there is no way you can know more than the execs at those companies, and if you did, that would be insider trading. The fact that insider trading is a term means you have to be operating on speculation by definition.

Oct 2, 2020 路 3:36 PM UTC

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Replying to @aaronpk @every_daydad
I hear you. I guess what I'm saying is that it's very reasonable (IMO) to "bet" on success & the continuation of success of companies with either $1T+ valuations or or $500B+ valuations to know what they are doing. Betting on horses and jockeys that seem to always win
Replying to @aaronpk @robertoblake @every_daydad
I think the gambling term is overplayed as well and really only applies to people who are investing short term with companies that are not known to be generally reliable like Microsoft or Apple. Day trading, short term investing and options is definitely gambling.
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Agreed. I don't day trade, I buy and hold for the most part. I also have Index Funds in addition to my tech and fintech positions.
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Replying to @aaronpk @robertoblake @every_daydad
Sure it's a little better than blind luck, but plenty of people will argue that certain forms of gambling require skill or knowledge that can be learned too.
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