More GME Divide and Conquer
ℹ️ ⚔️ Information Warfare ⚔️ ℹ️
Just like what happened to r/WallStreetBets at the end of January over the weekend in r/GME suddenly the main mods got booted by new mods with a suspicious statement that they voluntarily stepped down and dissenters are getting banned. They're already reforming at r/SuperStonk and confirming that they were forced out, even the daily due diligence thread at r/GME got deleted this morning. Looks like another wake up call for those redditors.
I'm of the opinion that stocks are just 1 avenue of many to generating wealth. I think having some stock is not a bad thing. I would for sure be smart about it.
When I invested I invested in sin stocks. Weapons and defense contractors, alcohol, cigarettes, marijuana, pharma (mainly opioids) and sex related stock which is, thankfully very limited on the exchange. Most people are weak willed so I knew at the very least these stocks wouldn't crash and bottom out any time soon.
Sin stocks usually aren't big in terms of return though. Some are but your return in them mostly depends on the number of shares and not so much the size of the gain per share of each single share. I wouldn't get any stock now though. Heavens no.
I think what kind of pisses me off about stocks is that every financial "professional" insists that stocks are the way to go if you want to generate wealth but won't tell you it's the economic equivalent to running the penny slots at a casino. Sure the payouts for somethings could be huge but most of the time unless you rig the game you're be lucky if it's a moderate return with the commercially available stocks.