Lemmy Shitpost
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Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
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All communities included on the sidebar are to be made in compliance with the instance rules. Striker
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Sure, but this is my retirement and long term savings. I'm able to admit my limitations and this is one of them.
I go to a doctor when I'm sick too. I trust professionals.
Understandable, but they also have conflicting interests, which is that THEY want to make money
if you look at the average return rates of managed investing vs unmanaged, you'll see that you earn more by yourself with pretty much equal risks
I suspect many investment companies have deals or interest in making you invest in specific companies even though they're not that profitable
It's a bit like everything: food sold already prepared has a nice taste, but not always the best composition and is less worth it than doing it yourself, but if you don't pay attention enough, you can fuck up your meal. If you are careful, you'll make much more by yourself and it'll still have a nice taste. Yes, this comparison doesn't bring a lot but specialized companies aren't always the best way of going, and that's currently the case for investments and stocks
That doesn’t make any sense, they have a shared interest. They make more money when you make more money.
They could also make you invest in their partner companies (or even their own) and have themselves invested prior to that in the same company, then sell later, making them a bigger cut, or similar schemes. What I mean is that it's not that simple.
overall their work is not that hard and statistically doesn't pay off, at least in the past years
They're trying to stay relevant, but ETFs are now the main way of investing and are providing more interest than picking niche fields. They're doing what they can to stay relevant, but it doesn't really work. They still need to complexify a bit your investments to make it seem like they're doing something useful
Yeah, I do the ETF thing too.
I get the possibility of some kind of insider trading, but they still have to make good returns or they’re gonna lose the job.
It's all about balance ⚖️