Lurker1347@fedinsfw.app 2 weeks 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?
noir_chat@lemmy.world 2 weeks 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.
p03locke@lemmy.dbzer0.com 2 weeks 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.
magnue@lemmy.world 2 weeks ago
Frankly I don’t know how anyone would misunderstand what the meaning of playing against a couch is here. Although personally I’d use a potato
noir_chat@lemmy.world 2 weeks ago
hmm. beatthepotato…
noir_chat@lemmy.world 2 weeks ago
will look into it, thanks for the feedback
ampersandrew@lemmy.world 2 weeks ago
The example I always found in investing literature is that the best class of investor is “dead people”, since they don’t time the market. Hard to say which one makes the point better.
noir_chat@lemmy.world 2 weeks ago
beatthecorpse just didn’t have the same vibe to it