this post was submitted on 03 Aug 2024
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chapotraphouse

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98
Just saw a reddit post in which some trust fund kid took his 700k inheritence from grandma and invested it all in Intel lmao (hexbear.net)
submitted 5 months ago* (last edited 5 months ago) by gueybana@hexbear.net to c/chapotraphouse@hexbear.net
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He’s down 200k in A day.

I get the US government will forever prop up this shitass boomer company but what kind of capitalist true believer do you have to be to believe in Intel?

WARNING (Wall Street Chuddery) https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/

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[–] golli@lemm.ee 3 points 5 months ago

Also investing in a troubled company directly before a quarterly report, when you can expect to see volatility, is just gambling.

Even if you'd want to do lump sum rather than DCA, with that kind of sum and a long term investment horizon you wait out the event.