Only if you are looking at it on a very short timespan. Those of us that have been VTSAX and chill for the past decade+ are still up plenty. Markets go up, markets go down too. That is why retail investors should buy broad based, low fee, index funds and not try to beat the market.
There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities.
> There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities.
You might be reading WallStreetBets too seriously and underestimating the financial literacy of people on there.
At the very least, most of the people still there know what IV Crush is.
I think the idea is that the behavior of the subjects of the article will almost never lead to ten years of accumulating wealth. It will more than likely lead to losses after a term of one to three years.
Didn't say it was groundbreaking, just said it's better to be slow and steady than focus on one year's worth of gains/losses. Short term wins is how gamblers think, long term gains is how investors think.
There were certainly some serious winners over the past few years, but only if you got out and my guess is that most of those folks in meme stocks can't give up the ghost and over estimate their abilities.