Economy

Chainfire

(17,757 posts)

9. For most of us, investing in the market is like playing poker in a game

Mon Aug 28, 2023, 06:23 PM

Aug 2023

Where you bet, but don't get to deal, the rules can change without notice, you can't see the other players, they don't show you your cards, and someone else tells you whether and how much you won or lost. When it is over, you don't know who ended up with the big pot. I don't mind a good poker game, but not under those circumstances.

I have money in the market through my state retirement system, managed by pros and if I live long enough I will probably go broke.

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Be gentle, Stock Market is all new to me so I have questions: [View all] FirstLight Aug 2023 OP

A financial expert once told me that if I wasn't going to spend spooky3 Aug 2023 #1

HEY, spooky3! elleng Aug 2023 #3

Hi elleng! spooky3 Aug 2023 #4

yes, our broker-dude is on it...already saved us a bunch of taxes! FirstLight Aug 2023 #5

s & P index does that for you at the end of each year. Poor performers are dumped and replaced. 3Hotdogs Aug 2023 #12

I'm 'spreading the pain,' elleng Aug 2023 #2

Buy an index fund. mahatmakanejeeves Aug 2023 #6

If they were inherited them you might have options IbogaProject Aug 2023 #13

my father in law, a very highly placed executive at a company you all have heard of lapfog_1 Aug 2023 #7

I've done well with companies with multigraincracker Aug 2023 #8

For most of us, investing in the market is like playing poker in a game Chainfire Aug 2023 #9

Stocks enable you to benefit from growth in the economy bucolic_frolic Aug 2023 #10

May I suggest... Think. Again. Aug 2023 #11

I really love this take... FirstLight Aug 2023 #16

Questions to ask Warpy Aug 2023 #14

The Dow Jones average is based on 30 major stocks MichMan Aug 2023 #15