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[Copypasta]The real power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares they‘re trading/I‘m buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I don‘t exactly know what‘s going on, it‘s all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is „too irrelevant for the big stock market“. They are „aware of the past short squeeze, but one should no longer focus on GME“. They acted as if GME was some „childish financial playground“ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how „GME is not relevant, please focus on stocks like Apple or Amazon to be safe“.
I left the bank, buying more GME shares.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares they‘re trading/I‘m buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I don‘t exactly know what‘s going on, it‘s all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is „too irrelevant for the big stock market“. They are „aware of the past short squeeze, but one should no longer focus on GME“. They acted as if GME was some „childish financial playground“ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how „GME is not relevant, please focus on stocks like Apple or Amazon to be safe“.
I left the bank, buying more GME shares.
We can't blame market
To be fair "but I poop from there" wasn't an explicit "no". We can't blame market for doing what it did.
To be fair "but I poop from there" wasn't an explicit "no". We can't blame market for doing what it did.
Jim Cramer responds to GameStop apes on Twitter
But you know what? I miss the good people whom i used to interact before these pathetic parodies of human minds ascended from the gates of hell. Well, now that i know they are going broke and just care about Gamestop and pump and dump schemes I will end their tyranny. NOW
But you know what? I miss the good people whom i used to interact before these pathetic parodies of human minds ascended from the gates of hell. Well, now that i know they are going broke and just care about Gamestop and pump and dump schemes I will end their tyranny. NOW
Disclaimer: I am not a financial or investment advisor.
Before this subreddit was ruined by ten million people, solid DD used to get done. Do you ever find yourself reminiscing about the good ‘ol WSB days?
Well, your prayers have been answered. Degenerates gather around, as I am bringing you a once-in-a-lifetime opportunity to make some serious $MSFT tendies 🚀
Today, Bill Gates announced that after twenty-seven years of marriage, he will be divorcing. Do you know what this means? Bill is single and ready to mingle.
Step 1: Use Wife’s Tinder Account
Step 2: Match with Bill Gates
Step 3: Wife goes on date with Bill, they fall in love, he proposes, no pre-nup
Step 4: Wife marries Bill and becomes $MSFT royalty
Step 5: Continue to date wife
Step 6: Cash out 🚀🚀🚀
For those too retarded to read:
https://preview.redd.it/tts3psz5q0x61.jpg?width=1125&format=pjpg&auto=webp&s=5f68092ae47d414627c6dee8a0c4afd6808bcc57
Congratulations. You are now your own wife’s boyfriend.
Disclaimer: I am not a financial or investment advisor.
Before this subreddit was ruined by ten million people, solid DD used to get done. Do you ever find yourself reminiscing about the good ‘ol WSB days?
Well, your prayers have been answered. Degenerates gather around, as I am bringing you a once-in-a-lifetime opportunity to make some serious $MSFT tendies 🚀
Today, Bill Gates announced that after twenty-seven years of marriage, he will be divorcing. Do you know what this means? Bill is single and ready to mingle.
Step 1: Use Wife’s Tinder Account
Step 2: Match with Bill Gates
Step 3: Wife goes on date with Bill, they fall in love, he proposes, no pre-nup
Step 4: Wife marries Bill and becomes $MSFT royalty
Step 5: Continue to date wife
Step 6: Cash out 🚀🚀🚀
For those too retarded to read:
https://preview.redd.it/tts3psz5q0x61.jpg?width=1125&format=pjpg&auto=webp&s=5f68092ae47d414627c6dee8a0c4afd6808bcc57
Congratulations. You are now your own wife’s boyfriend.