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Comment on I built a free game where you try to beat a couch at timing the market. Over 80k plays later, the couch usually wins.

Lurker1347@fedinsfw.app ⁨11⁩ ⁨hours⁩ ago

Is your point here that holding assets over a long period of time always pays off more than selling high and buying low?

There is really no strategy to this, I just waited it out and the highest point was at the end, as was to be expected, never mind compounded interest over recurring investments or portfolio diversification.

Also I don’t understand why the other player is a couch?

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noir_chat@lemmy.world ⁨10⁩ ⁨hours⁩ ago
at the core it, it’s a fun little game and not much more a lot of people do “chart reading” to predict the market and this kind of pokes fun at that

the idea is trying to time the market (whether buying or selling) is very hard and the s&p500 usually wins over the mid-to-long run

and the other playing a couch is just to show how little of an effort it takes to make more money than trading - an inanimate object in an index fund can outperform you.

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- p03locke@lemmy.dbzer0.com ⁨5⁩ ⁨hours⁩ ago
  I think you should spend a few more sentences selling the couch to players: “It doesn’t buy. It doesn’t sell. It just holds on to the stocks it already has.”
  
  Or something like that.
  
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