6 ms·

Lottery winners owning fancy houses should not be taken as an endorsement of their wealth acquisition strategy.

• suaptpickle 3y ago
  I buy a lottery ticket for a dollar. I don't win; I'm out the dollar. I buy a stock for a dollar. It goes down 50% tomorrow. Then up 25% the next day and so on it fluctuates like a train going through the mountains. One point in time it is low and another point in time it is high. I prefer to leave the train when it is high on the mountain. i e. Picking a stock is a gamble but unlike the lottery I get to play the same game with the same money everyday until I win or die.
  • meheleventyone 3y ago
    Stocks can and do tank and get delisted or never regain the value at which you put in.
    • pixl97 3y ago
      Buy high, sell low, the WSB way.
      • worik 3y ago
        > Buy high, sell low, the WSB way. Only part of it.... Buy low, sell high, use other people's money
      • Ekaros 3y ago
        WSB goes to options. So you multiply wins, possibly losses or end up with nothing on your yolo bets as your options expire worthless... Like a casino...
    • deleted 3y ago
      [deleted]