• 1984@lemmy.today
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    11 hours ago

    Im watching all this and im thinking you guys are being convinced to not buy these stocks.

    I just keep buying. Because I know how this works. Seen it many times now. Media says one thing, market goes another way.

    Do you guys remember when Tesla was down extreamly much because the media and most people on Lemmy were convinced that musks nazi salute would mean the company is done? It was only like six months ago, you cant have missed it.

    Now go look at the stock. Buy tech stocks. Dont do what the media is telling you. They are not there to help you.

    You have to be smart, and being smart is not following the public opinion about things, because its being shaped by the owner class. If the media is telling you to sell, you probably should be buying. And when its telling you to buy, be very careful because the media owners want to sell.

    You have to view it like you are inside the matrix. In a way, we are.

    • DivineDev@piefed.social
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      11 hours ago

      This will no doubt keep working for a while, but eventually the bubble will burst. Without selling stocks just before that, chances are you’ll lose money, and since apparently a Nazi salute isn’t enough to crash a company nowadays, this shit is completely unpredictable.

      • RememberTheApollo_@lemmy.world
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        10 hours ago

        Hang on… unless it tanks below his/her entry price they aren’t losing anything. Just gains that were missed by the drop in value, but selling at any time before that point will make them money (above any brokerage/trade fees).

        • DivineDev@piefed.social
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          6 hours ago

          Sure, if you’ve invested early that’s the case. If you invest now and there’s a crash in three month, you’re likely screwed. But maybe a crash happens in a couple years or not at all for some unforeseen reason and you might be alright, it’s basically impossible to know. The point is, the worth of all these tech companies is severely overinflated and trying to make money off of their stocks is definitely possible but risky. If you’re aware of that, go right ahead.

          • RememberTheApollo_@lemmy.world
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            6 hours ago

            Y’know, I’ve been hearing that drumbeat for well over a decade. News doesn’t sell if it isn’t bad. Eventually the Boys Crying Wolf will be right, but it certainly won’t be because of their prognosticating accuracy. The market has long stopped making sense.

            You cannot know what the market will do, and if you can figure it out, it’s already too late. If you want to assume the parent comment will actually lose money because they didn’t put stops in place or whatever, fine. My comment is still correct: If you sell above purchase price + fees and gains taxes, you don’t “lose” money. The rest is just making stuff up.

            • DivineDev@piefed.social
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              6 hours ago

              I never said your previous statement was incorrect, and I never said investing is a bad idea. I was specifically talking about investing in overinflated companies. I am myself buying diversified ETF shares every month and will continue to do so.

      • 1984@lemmy.today
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        10 hours ago

        Of course its not enough. Stock market cares about money, not morals. They know negative emotions are temporary and doesnt last.

        I see more white Teslas than ever on the streets. They are the most popular company leasing vehicle appearently. A lot of things play into what cars people pick. Most people probably forgot about the nazi salute in a few weeks, or got a good deal on a Tesla and bought it anyway.

        I dont think this is a bubble and it wont burst. I think its the beginning of a switch to a robotic society, with robots, Ai and implants, all requiring more energy than we have right now. The massive investments in power may look like its going to be used for training models, but it will be used for very different things we dont even have right now.

        Any future high tech society will need tons of power. The billionaries are several steps ahead of what the media is talking about. As always.

          • 1984@lemmy.today
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            4 hours ago

            No not agi, thats a dream we wont see in decades. But this is the start.

              • 1984@lemmy.today
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                3 hours ago

                Virtual Reality? Not in the way we have it now with huge expensive glasses and special software. Thats just the first experimental phase of the technology.

                I dont think it has a purpose yet. Maybe in the future, it will. Some killer app where VR is essential and everybody wants that app.

                Probably something related to porn. Wouldnt be surprised.

        • Avid Amoeba@lemmy.ca
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          8 hours ago

          If it’s a switch to a robotic AI society, where’s the profit gonna come from? The stock prices reflect expected future profits. If we have more work done by robots and AI, that work isn’t done by people, so people aren’t getting paid for it. Who’s gonna pay for this product to materialize these expected profits?

          • 1984@lemmy.today
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            8 hours ago

            Companies and governments are gonna buy robots, made by other robots. Typical scenarios include military, manifacturing, surveillance and so on.

            Today companies pay humans for those things. It will change as soon as robots can do a task.

    • BananaTrifleViolin@lemmy.world
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      10 hours ago

      The key is getting out at the right time, and that is weighed massively against small investors. The big investors and institions control the market and can move quickly while small investors cannot.

      Tesla is not doing well - look at its falling sales. It’s a risky stock to hold. The AI companies are also highly risky stocks to hold.

      That doesn’t mean don’t hold them - all anyone is saying really is that these are high risk investments, and at some point they are going to probably crash because it’s a bubble.

      That doesn’t necessarily mean “don’t invest”. It does certainly mean be prepared to get out fast and also only use money you can afford to lose when investing with such high risk stocks.

      • 1984@lemmy.today
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        10 hours ago

        If you look at Tesla chart, or any other tech stock chart, you can see that nobody would have lost money if they didnt sell. They are all going up long term. Tesla is up 100% in three years, 240% in five years. Everybody who sold during that time made the wrong choice, unless they invested in something that went up more.

        Just dont sell, ever, until you retire. This is super hard to do but its what the charts show is actually best.

    • sobchak@programming.dev
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      8 hours ago

      I don’t invest in these companies on principle. I ain’t going to fund the rise of fascism for stock gains. That won’t help me when I’m shot dead or in a camp.

      • 1984@lemmy.today
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        8 hours ago

        Nothing will help you when you are shot dead in a camp. You live your life until that happens, if that happens.

        But yeah, I understand your principles. The problem is that if only bad people have money, only bad people have power as well.

        • sobchak@programming.dev
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          8 hours ago

          I have enough money (for now). Divested from all tech during inauguration funding news, invested in European defence companies, and then just gold because all the crazy uncertainty about everything. Still made pretty good gains, but not as much as if I stayed in tech.

          • 1984@lemmy.today
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            8 hours ago

            I missed both gold and defence… Now I dont know, what is the next thing to invest in? What do you think?

            I know power is something that will be massively needed.

            • sobchak@programming.dev
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              3 hours ago

              Yeah, IDK. I’m still in gold and dunno what to switch to. Gold will likely fall with stocks if we go into a recession, which I think we will (on the other hand if they print tons of money, which is likely, that’s positive for gold). I don’t see anything I’m comfortable with switching to yet.

    • Alphane Moon@lemmy.worldOP
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      10 hours ago

      What’s investment got to do with the article (or even the comments or people’s sentiment on the Threadiverse)?

      There are a wide variety of investment strategies depending on your situation and other factors. I don’t see how these are related to tech news discussions.

      I am not saying your are wrong or right, just an observation.

      • 1984@lemmy.today
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        10 hours ago

        Negative news about stock bubbles = influencing people to not buy the tech stocks because they get scared. No?

        • Alphane Moon@lemmy.worldOP
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          10 hours ago

          Perhaps, but how do you know that this is an actual trend?

          An argument can be made that there are more people with your sentiment or perhaps the news about a bubble will attract short terms investors (trying to cash in as the wave is rising).

          Generally speaking, discussion on Threadi, even ones that mention bubbles in context of AI/Nvidia, don’t mention investment strategies.

          • 1984@lemmy.today
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            10 hours ago

            I dont know if its an actual trend. But it would make sense that most people buy and sell based on what the media is telling them. I believe that most people trust what the media writes. They are not sceptical and cynical like me. :)

            I dont have an investment strategy except buy and hold.

            • Alphane Moon@lemmy.worldOP
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              10 hours ago

              That’s fair. For me personally, I don’t see a connection with forum posts and investment decisions (in aggregate, retail investors to my understanding make a small part of the market).

              • 1984@lemmy.today
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                9 hours ago

                How do you make your investment decisions? You are not influenced by media at all? Just buy what you believe in?

                • Alphane Moon@lemmy.worldOP
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                  7 hours ago

                  Of course I am influenced by various things, we all are. I am not implying otherwise.

                  On a personal level, I don’t see the connection between posting on a forum about articles on the possibility of an AI bubble and investment decisions.

                  I am not necessarily disagreeing with you. I think people are a bit more complicated than that and circumstances can be very different.

                  • 1984@lemmy.today
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                    8 hours ago

                    Yeah. Its interesting to think about. I dont think you are wrong either. There is many ways to think about this.