Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter
RememberTheApollo_@lemmy.world 2 days agoHang 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).
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.
RememberTheApollo_@lemmy.world 2 days ago
Good luck.