this post was submitted on 17 Aug 2023
554 points (95.7% liked)
Technology
59428 readers
3132 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
GOOGL, AMZN, BIIB, EW, META, none pay dividends but are still generally considered sound investments (META's bullshit forced VR pivot not withstanding).
My portfolio has grown less from dividend stocks (with automatic reinvestment) than from growth stocks without dividends. Your entire positioning argument itself quickly becomes speculative nonsense the more that time passes.
Crypto is volatile and most of it is vapor ware, but as a flip side to that same exact coin, most stocks are volatile and the business plans are vaporware crafted from few centuries of practice taking peoples money. It's all a shell game of belief, don't get too lost in belief to see real trends and changes as they are happening.
There's also considerable strategy differences in terms of making money with investments versus protecting money with investments, and you'd really have to preface an argument with enough context to make it particularly valid over another.
My original point (and the one I still insist is true) is that owning shares in a reputable company and "investing" in the latest shit coin aren't the same thing for a garden variety of different reasons, but the conflationary engine that is your average crypto bro wants to pretend they all are.
And that's leaving it out that one way that the overall stock market differs from crypto greatly is that the government can, has, and likely will continue to take actions to prop it up.