Quote:
Originally Posted by BMW F22
I’m thinking of jumping in tomorrow if it dips even further (closer to $100 is my comfort point). But I’ll have to sleep on it tonight and see. For all we know the ride might be over and that rocket ran out of fuel early. Looking at Reddit made me wonder how many people are true investors and how many are just sheep following blindly. Not saying it’s a bad thing. I’m just leery when a big group just does and says the same thing. Some could just be in it for themselves and using others to cash out.
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I would imagine the vast majority don't know what they're doing and are following blindly. I've seen quite a few posts from people who bet everything they had in hopes of getting rich but are now wondering how they can pay their bills. My rule was to never invest with money I cant afford to lose. It's the same rule I use for gambling. By the time I saw the news of GME it was already too late for me to want to get in. Looking back I'm glad I didn't.