• Hudell@lemmy.dbzer0.comEnglish
    34·
    20 hours ago

    I just met someone recently who bought stock for the first time at 63yo. Nvidia at $221. And she’s still holding.

  • altkey (he\him)@lemmy.dbzer0.comEnglish
    12·
    17 hours ago

    I wanna ride it, java game style.

    Old mobile game's Gravity Defied screenshot

    Btw, it was impossible to find it in DDG before I remembered it was called “Gravity something”. All searches defaulted to Trials series. It’s sad for this game was one of the reasons I wanted a java-enabled Symbian phone back in school. It and it’s mods were big in my friend sphere. I wonder if someone knew about it outside ex-USSR countries.

    • germtm.@lemmy.world
      3·
      16 hours ago

      this game, or rather, the modded versions were my jam back when i had old phones with J2ME support.

  • bagsy@lemmy.world
    212·
    22 hours ago

    The best deals are had when everyone is panic selling. You’ll never pick the very bottom, so you have to be willing and able to ride out the storm for 6 months.

    • jj4211@lemmy.world
      3·
      7 hours ago

      With specific stocks, sometimes there is never a recovery.

      Even if you buy index fund, the time you need to hold may be quite long. If you bought SP500 at the wrong time in 1999, you would have had to hold until about 2013 to see consistent gains.

      Just saying buy the dip based solely on the fact that “what goes down must come up” is not a very sound approach by itself.

    • rainwall@piefed.socialEnglish
      4·
      12 hours ago

      Dont pick a time frame, pick a amount of money you’re willing to lose. You need to be willing to set a hard limit when to cut your loses. If you can’t accept that you may lose money, then you are not ready to try to time the market.

      Going “diamond hands” for a set time is a bad method. Set a stop loss at 20-30% and be glad you only get somewhat fucked if you didnt guess right.

      With this volatility, I would recommend setting an auto sell at a 20-30% profit too. Keep some stock if you want, but make some money at some point.