3
FleshWound 3 points ago +3 / -0

We really need a personal finance community. Wsbets is not conventional wisdom at all.

That said, Ramsey's approach works for debt addicts but it is 100% not the most efficient approach to handling debt.

7
FleshWound 7 points ago +7 / -0

I bought at $317 knowing that it will sting a little if it's lost and sting a little if it skyrockets and I didn't buy more, but if this thing is what people are saying, I wanted to be a part of it.

Feels don't always align with reality, so not sure if the posts saying the squeeze is squoze are the ones that have their head on straight, if people are shilling, or if there are two different, opposing, legit interpretations of what's happening right now. Feels very much like pre-election where we all knew Trump won, the election fraud evidence was bleeding out of my eyeballs, but who's sitting on the throne right now?

My general sense is that evil people don't play by the rules, so what "has" to happen might very well not happen, but at this point I'm holding to zero or making some money later.

4
FleshWound 4 points ago +4 / -0

It's like alzheimers with these people. Brains stuck in a loop.

3
FleshWound 3 points ago +3 / -0

I have an incredible track record with the funds I buy (doubled my money in just a few years) and a TERRIBLE track record with stocks. 100% of the stocks I've bought went down afterward and stayed down, so sorry to say that I bought GME therefore we're all doomed.

23
FleshWound 23 points ago +23 / -0

Both gambling and stock trading carry risk, but there are there is an important distinction between gambling and stock trading: With gambling you're just playing odds. With stock trading you OWN SOMETHING. We all own a piece of Gamestop. Citadel doesn't because they were playing pretendies with their naked shorts.

I don't believe in gambling. That's why, despite my certainly Trump won MI, PA, GA, etc. I didn't bet on predictit, and I got spared a bad L when the election was stolen.

However, I do believe in calculated risk. This GME stuff is right on the edge, but I don't believe it's gambling. I own the stock, and if this is gambling, then so is starting a small business knowing most of them fail.

1
FleshWound 1 point ago +1 / -0

Well... I never want anyone to suffer for my benefit, but if it's gonna happen I wouldn't mind a housing crash. My house is mostly paid off and we're looking to move, but the prices are stupid.

1
FleshWound 1 point ago +1 / -0

I buzz my hair because I am bald, but one thing I didn't realize was how much heat you lose through your head when you have no hair!

1
FleshWound 1 point ago +1 / -0

Next week: "Can I return everything?"

1
FleshWound 1 point ago +1 / -0

My wife came to me unprompted and said she wanted to buy GME, so despite my risk-averse nature, here I am, retarded, with 1 share.

4
FleshWound 4 points ago +4 / -0

One of my coworkers in his 50s didn't know what a ROTH IRA was and I was just thinking "Bro, you already blew it. At this point in your life it almost doesn't matter."

Learn regardless of age, but the biggest asset you have is time, so if you're young, learn NOW. It's consistently investing in a diversified portfolio over time that leads to wealth, not coinflip all-ins with your savings.

2
FleshWound 2 points ago +2 / -0

Fidelity has always been good to me. I've used their cash back card for years and bought GME exclusively with some of the cash that was sitting in my brokerage account from that credit card.

Apparently I'm what the industry calls a deadbeat. I've never carried a balance from one month to the next and I've never missed a payment, so they just pay me hundreds of dollars a year for the privilege of having me as their customer.

2
FleshWound 2 points ago +2 / -0

I kind of want to get into metals. How do you make sure you're getting gold and not gold-plated lead?

1
FleshWound 1 point ago +1 / -0

I bought one share at $317 because I'm into this crazy stuff and my wife, without me mentioning any of this brought it up and said she'd kind of like to be a part of history, so we bought.

I've been a risk-averse investor since I was a teen. Yet, here we are sitting on our pile of pretend video games hoping to dectuple our money but expecting to lose 300 bucks.

4
FleshWound 4 points ago +4 / -0

I see a lot of people saying this, but how, practically would that work in the modern day? "Here, let me carve you off a sliver of my silver bar to pay for that bread." Not mocking, seriously asking.

6
FleshWound 6 points ago +6 / -0

If all of the speculation is true and people hold, it should skyrocket next week.

20
FleshWound 20 points ago +20 / -0

Whelp, I am now the proud owner of one share of GME @$317. CHOO CHOOO

8
FleshWound 8 points ago +9 / -1

I'm in for a few shares and it's down to 4.91 now. Would love this one to go ham too, but I'm no CFA

7
FleshWound 7 points ago +7 / -0

Whelp, I completely missed the boat on this one, but if you guys crash the market I'll be tipping my hat to you as I finally invest the cash I've been sitting on for the last year due to everything being too insane.