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Magic Beans
The Plain Bagel
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Comments by "Magic Beans" (@Magic_beans_) on "Investment Analyst Reacts to Investing TikToks" video.
The 25% guy (4:45) was a real mixed bag too. Three of his four electric car picks are down 80% or more. (Nothing wrong with a few speculative holdings; I have shares in alternative energy and air taxi companies. But they’re like 2% each of my overall holdings. Most of my money’s in boring stuff like insurance companies and grocery stores.)
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@Wistbacka She’s also conflating deposits with investment returns. Tesla’s best-ever year was about a 750% gain, which is fantastic but wouldn’t turn $200 into $29,000.
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10:40 At least in my school district, personal finance was a required topic. That was mostly about setting expectations, what banking products are and do, and how to make a household budget. Trouble is, what can you really teach high schoolers about the stock market? In our case it was what a stock is (partial ownership in a company) why we care (high returns but with higher risk and volatility) and how to read stock quotes (what Volume and Market Cap mean). Trouble is, what more can you teach teenagers? It’s probably not that relevant to most of them and won’t be for several years, especially once you dash their hopes of getting rich quick. Likewise, if they’re expecting advice for how to pick winning stocks… there’s an entire industry of people trying to do that and even with their resources they’re only doing an okay job of that.
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