Last night, a bunch of us at work went out for a few drinks, and dinner. What started out as some minor complaining about the cluelessness of our friends and families about economics turned into a major whinefest. But, the booze and the vitriol was flowing freely, and much merriment was had by all...
Here are the top 5 complaints:
"I bought a stock at 20, and now it is 60. Should I sell it?"
What's the name of the company, dumbass?
"Should I invest in X?"
No, you shouldn't! You're a dumbass!
"I never have any luck in stocks."
That's because successful investing is a matter of "analysis" not "luck", dumbass!
"Will the market go up or down?"
If I knew with any degree of confidence, I wouldn't be talking to someone like you. I would be on my private jet flying to my own private island, and no, you would not be invited, dumbass!
And the NUMBER ONE complaint universally voiced by all:
"I bought a stock, and it went down 50% but I haven't lost any money because I haven't sold it yet."
Yes, you have! The market doesn't "remember" when anyone bought or sold; it is what it is currently, and you've lost half your money, dumbass!
Happy holidays!
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