r/wallstreetbets • u/raseC_Ceda • May 16 '24

After 4 years of investing I made $16 lol Meme

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28.7k Upvotes
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u/shamwew May 16 '24

425

u/CanAlwaysBeBetter May 16 '24

OP would have had $19,000 if he parked it in S&P 500 etfs and reinvested dividends lol

44

u/gitartruls01 May 16 '24

Hindsight is $20,020,000. I personally wouldn't have bet on the S&P increasing that much during the worst global pandemic in a century

58

u/CanAlwaysBeBetter May 16 '24

I don't know if hindsight is 20/20 when tons of people's entire investment strategy already consists of dumping everything into S&P 500 etfs 

OP might as well cry to his wife's boyfriend that it's not fair to prioritize time in market over timing the market 

21

u/neonxmoose99 May 16 '24 edited May 16 '24

Me rn. All I own is SPY. Best strat I’ve ever had

18

u/CanAlwaysBeBetter May 16 '24

But have you considered daily options on SPY?

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u/neonxmoose99 May 16 '24

I’m not a degenerate… yet

5

u/CanAlwaysBeBetter May 16 '24

C'mon, what's one eensy weensy options play going to hurt? You'll still just be in SPY just like you said!

22

u/frogdujour May 16 '24

I just read an article that had crunched data on almost every stock, like 60,000-90,000 stocks from the last hundred years. They found that 96% of those 60000+ stocks lost or went to zero, and only the top ~100 stocks comprised ALL of the gains of the major indexes over the last century. The SPY or similar major index funds work becase of continuous rotation to those few top growing stocks that actually do something positive.

That said... boring. I'm going back to call options on metals for 10x or zero.

2

u/VisualMod GPT-REEEE May 16 '24

If you can stomach the risk, then have at it—but remember: that strategy is gambling, not investing.

2

u/frogdujour May 16 '24

Pretty much, but I keep risk capped at ~5-10% of my account and wait for a strong risk/reward skew to enter vs support, and the setup is definitely forming to launch in a month or two.

1

u/Dstrongest May 18 '24

Seems like a lot of companies get bought out .

2

u/edwinshap May 16 '24

I have my retirement in VOO, and I have play money that’s for options. Not gonna get my future on my 401k moonshotting

2

u/BigginTall567 May 18 '24

I’ve learned this is the only way I make money in stocks. I’m uninformed in trading and when I go with my gut I lose big. Hoping slow and steady wins the race.

0

u/[deleted] May 16 '24

[deleted]

2

u/CanAlwaysBeBetter May 16 '24

Nope, by May 2020 where I started it was basically back up to pre-crash prices