Hang on… unless it tanks below his/her entry price they aren’t losing anything. Just gains that were missed by the drop in value, but selling at any time before that point will make them money (above any brokerage/trade fees).
Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
DivineDev@piefed.social 3 days agoThis will no doubt keep working for a while, but eventually the bubble will burst. Without selling stocks just before that, chances are you’ll lose money, and since apparently a Nazi salute isn’t enough to crash a company nowadays, this shit completely unpredictable.
RememberTheApollo_@lemmy.world 3 days ago
DivineDev@piefed.social 2 days ago
Sure, if you’ve invested early that’s the case. If you invest now and there’s a crash in three month, you’re likely screwed. But maybe a crash happens in a couple years or not at all for some unforeseen reason and you might be alright, it’s basically impossible to know. The point is, the worth of all these tech companies is severely overinflated and trying to make money off of their stocks is definitely possible but risky. If you’re aware of that, go right ahead.
RememberTheApollo_@lemmy.world 2 days ago
Y’know, I’ve been hearing that drumbeat for well over a decade. News doesn’t sell if it isn’t bad. Eventually the Boys Crying Wolf will be right, but it certainly won’t be because of their prognosticating accuracy. The market has long stopped making sense.
You cannot know what the market will do, and if you can figure it out, it’s already too late. If you want to assume the parent comment will actually lose money because they didn’t put stops in place or whatever, fine. My comment is still correct: If you sell above purchase price + fees and gains taxes, you don’t “lose” money. The rest is just making stuff up.
DivineDev@piefed.social 2 days ago
I never said your previous statement was incorrect, and I never said investing is a bad idea. I was specifically talking about investing in overinflated companies. I am myself buying diversified ETF shares every month and will continue to do so.
1984@lemmy.today 3 days ago
Of course its not enough. Stock market cares about money, not morals. They know negative emotions are temporary and doesnt last.
Flamekebab@piefed.social 2 days ago
You seem very convinced that glorified auto complete will lead to AGI…
1984@lemmy.today 2 days ago
No not agi, thats a dream we wont see in decades. But this is the start.
Flamekebab@piefed.social 2 days ago
And VR will take off any day now?
avidamoeba@lemmy.ca 2 days ago
If it’s a switch to a robotic AI society, where’s the profit gonna come from? The stock prices reflect expected future profits. If we have more work done by robots and AI, that work isn’t done by people, so people aren’t getting paid for it. Who’s gonna pay for this product to materialize these expected profits?
1984@lemmy.today 2 days ago
Companies and governments are gonna buy robots, made by other robots. Typical scenarios include military, manifacturing, surveillance and so on.
Today companies pay humans for those things. It will change as soon as robots can do a task.