I kind of love this post, it encapsulates why I use this community and not the other ones out there.
About the Author
Pinball
5 comments
pinball
I would argue exactly the opposite. There are so many entirely new and completely uneducated people playing the markets through the plethora of zero cost platforms, the most prominent of which is of course Robinhood. When the markets drop which in my view they must, there is going to be blood in the streets. I know people buying Bitcoin on 50x margin at the moment. Bubbilicious doesn't tell half the story.
Rusty2
I was replying to what you posted. Bulletin boards have been like that for many years.
I agree about the new groups of PIs.
StudyingHard
I knew this was /r/investing and not /r/wallstreetbets before I ever checked for the subreddit. I don't post or take advice from either community, but I visit every now and then just to browse (mostly for the laughs, though you can make some money researching companies in the early hype stages too. I have 20%+ on both XRX And Curi from researching companies with low hype on wallstreetbets).
/r/investing is by far, the most ignorant of the two. /r/wallstreetbets may have the riskier plays and more dangerous advice, but there's a lot of people there who actually know what they're doing. /r/investing though, holy moly. Full of people who read two buffet articles and think they're now savvy investors while they haven't a clue.
Not that other bulletin boards I've found are any better. Gamblers and speculators all about.
