Here’s How I Know…
…that so many of you are going to lose money on the (what’s it called again? 🙄) DRAM ETF. Not because it doesn’t have long term potential. But so many of you are noobs and gonna just throw $5k into it with the expectation it’ll turn into $10k in a relatively short time frame. And if the first leg of your investment experience is negative (totally normal for this to happen) and you see the value you invested go under what you paid for it, panic will set in. Your FOMO will turn into amped up remorse. Then you’ll emotionally sell, consider yourself an idiot, and blame this thread for getting you to “make a mistake.” The only mistake I see many of you making is asking questions like, “What do you think about this investment RIGHT NOW?” It’s that last part that is the tell of your hyper focus on timing the market. Sure, nobody in here thinks they are really market timing. But so many Redditor questions on DRAM or similarly “hot” ideas are structured around “is now a good time,” it’s wreaking like amateur hour in here. Don’t be a trader. Be an investor. Get in. Stay in. The ride will be fine in the long run. And since you need this money not NOW, but in the long run, who gives a crap if this or any ETF is a great buy today.
This is actually not investment advice. It’s just good wisdom when it comes to buying appreciating assets over time. Buy and hold until you need the cash. Simple stuff if you don’t hyper fixate on short term moves. Sure, it’s easier said than done. But I hope a lot of you step away from the constant price checking. It’ll make you nuts.