I agree with you 95%. My advice to him is based on principles of the markets because he doesn't seem to have been taught those basic principles in how to be safe while investing. I don't want him to put his money into something he doesn't understand and get burnt because someone on YouTube said XYX stock was going to skyrocket. It's smarter for people with very little interest or time to devote to markets to invest generically and not specifically in certain companies.
Now, does it make sense for us to put put options on everything? No, because we don't know the timing. Once we get closer this massive collapse, then it's smarter for people who know what they're doing and understand the risks to use options against the markets. We will see a massive shift because we are talking about BILLIONS of dollars these people have lost. They will panic and use every last resort they can muster.
I agree with you 95%. My advice to him is based on principles of the markets because he doesn't seem to have been taught those basic principles in how to be safe while investing. I don't want him to put his money into something he doesn't understand and get burnt because someone on YouTube said XYX stock was going to skyrocket. It's smarter for people with very little interest or time to devote to markets to invest generically and not specifically in certain companies.
Now, does it make sense for us to put put options on everything? No, because we don't know the timing. Once we get closer this massive collapse, then it's smarter for people who know what they're doing and understand the risks to use options against the markets. We will see a massive shift because we are talking about BILLIONS of dollars these people have lost. They will panic and use every last resort they can muster.
Notice this is from January!
https://www.reuters.com/article/us-retail-trading-shortbets-idUSKBN29X1SW
They lost $5B in 5 days!
https://www.msn.com/en-us/money/watch/short-sellers-lose-almost-dollar5-billion-in-one-day-on-meme-stocks/vp-AAKFuaB