this post was submitted on 03 Aug 2024
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chapotraphouse

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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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[–] GaveUp@hexbear.net 61 points 1 month ago* (last edited 1 month ago) (1 children)

Hexbear geniuses, this is literally just gambling. The guy did it because he's a gambling addict (WSB posting, Robinhood account for a 700k balance lmao). I've been there before (like being extremely addicted and throwing 50-100% of my networth into trades, not the WSB or Robinhood parts)

What y'all are commenting is like asking why a meth head smokes meth even knowing it's destroying their body

[–] peppersky@hexbear.net 13 points 1 month ago (1 children)

Even a guy betting his last dollar on a horse looks at the odds before betting this guy's just stupid

If I had 700k and a gambling addiction I'd just spend that money to go to rehab but maybe I'm just built diff.

[–] GaveUp@hexbear.net 9 points 1 month ago (1 children)

This guy is for sure stupid after reading his bullish reasons for Intel but stupidity is why he chose Intel, addiction is why he dropped 700k/800k balance on Intel

I've done lots of pharma oxy, k-holed, shrooms, LSD, clean molly

Gambling after having experienced massive wins hits way different

[–] peppersky@hexbear.net 6 points 1 month ago (2 children)

Gambling after having experienced massive wins hits way different

Your brain on internalized capitalism

[–] GaveUp@hexbear.net 3 points 1 month ago

My brain on not wanting to labor for decades and decades yes, lmao

[–] Hewaoijsdb@hexbear.net 3 points 1 month ago (1 children)

Gambling has existed before capitalism though

[–] GaveUp@hexbear.net 5 points 1 month ago

You're not a real leftist unless you attribute every single problem to have ever existed to capitalism

[–] GrouchyGrouse@hexbear.net 48 points 1 month ago* (last edited 1 month ago) (2 children)

More like bust fund

What a fucking moron. That's "I can buy land" money. You know. The thing that actually almost always has value.

[–] hexaflexagonbear@hexbear.net 32 points 1 month ago* (last edited 1 month ago) (2 children)

Or if you want stocks just go for an index fund? Diversify a tiny bit? But yeah, I'd just buy a home...

[–] InevitableSwing@hexbear.net 21 points 1 month ago* (last edited 1 month ago) (1 children)

That reminds me of "Mr. Deals"...

It's Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500

As of today, Trump would be an estimated $400 million richer if he had just put his father’s money in the index.

And - of course - that would have meant effectively zero effort for Trump. No building his brand. No failed casinos. No failed airlines. No failed universities. No failed whatever else I'm forgetting.

[–] combat_brandonism@hexbear.net 13 points 1 month ago

Direct to consumer steaks

[–] GrouchyGrouse@hexbear.net 13 points 1 month ago

Oh yeah you could buy a nice home outright, invest the rest in mutual funds, IRAs, and keep an emergency fund. Then work whatever job you want to maintain a comfortable lifestyle.

[–] Dingus_Khan@hexbear.net 4 points 1 month ago* (last edited 1 month ago) (1 children)

That's "I can buy land" money. You know. The thing that actually almost always has value.

This dipshit would probably just buy beachfront in Florida I bet

[–] Redderthanmisty@lemmygrad.ml 2 points 1 month ago

And watch it sink away too

[–] brainw0rms@hexbear.net 43 points 1 month ago (1 children)

imagine working your entire life to leave your family something and your dipshit grandchild torches it all on a reddit meme bordiga-despair

[–] lil_tank@hexbear.net 11 points 1 month ago

A story as old as capitalism itself

[–] TerminalEncounter@hexbear.net 37 points 1 month ago (2 children)

It's so stupid. If they just invested it in an index fun they'd be sitting pretty in a decade. Instead, noooo, genius over here chooses Intel as his only stock the day before it loses like a third of its value and cuts the dividend

[–] makotech222@hexbear.net 20 points 1 month ago

my index fund is up 20% this year. thats 140k - ~20k for taxes, for this guy lmao

[–] TerminalEncounter@hexbear.net 16 points 1 month ago

Fuck it, could've gone through kickstarter or gofundme for people's FFS or bottom surgeries or whatever. 200K!!!!! Could've paid for a few people

[–] buh@hexbear.net 16 points 1 month ago

only a gamer would be dumb enough to do this

[–] hexaflexagonbear@hexbear.net 15 points 1 month ago

Couldn't have timed it worse lmao

[–] FuckyWucky@hexbear.net 13 points 1 month ago
[–] flan@hexbear.net 13 points 1 month ago

im sure intel will be fine since they can produce their own chips. they just need to stop fucking up so much. The timing is funny but if he just holds onto the stock he'll be fine.

[–] HexReplyBot@hexbear.net 3 points 1 month ago* (last edited 1 month ago)

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