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MacGyver
Bell Sucks
Premium,ExMod 2003-05
join:2001-10-14
Orleans, ON | Re: wouldn't it be nice These are just crummy penny stocks. Invest in enough of them and you will eventually find that big winner, but it's almost worse than gambling in Vegas. | |
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cdru
Go Colts
Premium,MVM
join:2003-05-14
Fort Wayne, IN
| Re: wouldn't it be nice I think Vegas has slightly better odds. I've read the overall payout for slots is 95-98% over the long haul. This was under 50% payout.
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"What gives them the right to come in and do this?" she said. - Lady complaining that she was getting FIOS in her backyard. | |
| JPCass
join:2001-01-23
Denver, CO
| said by MacGyver  :it's almost worse than gambling in Vegas. With the emphasis worse than gambling.....that big winner will never be big enough to make up for all the losses along the way.
Unless you're Warren Buffet, just work hard and put the money into either an index fund, or a growth fund with a really good track record.
I find it interesting that recent research has shown that the human brain is so wired for finding patterns, that it has a slight bias towards seeing patterns where there is only randomness. And the brain is also biased towards remembering strategies and events that were successful, and slightly downplaying ones that weren't. This explains why people are likely to perceive that their stock trading strategy is getting them ahead, when it's only running average, or worse; and why they can mis-perceive that their wins aren't counterbalancing their losses. | |
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