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this post was submitted on 17 Dec 2024
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Ask Lemmy
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Simple. Learn to play that game and try to succeed.
If you get up and just go to work every day expect to fail. Learn to use the stock market. Learn to use options. Start small. Like real small. Don't use real money. Just write down on a piece of paper and figure out your results.
Once you're making money on paper then put in a small amount of money and try. Try. Try. Try. Try again.
You can't stop capitalism but you can use it in your favor.
Do be mindful that this attitude is precisely how our ancestors entrapped us in this terrible catastrophe of a situation to begin with. Don't blame--that's what they did too.
Sorry but name something better then capitalism to allow people to change their position in life.
feudalism, tribalism, mercantilism, anarchy, colonialism, distributism, mutualism, syndicalism.
Who are the 'people' you're referring to here? The privileged and powerful or the distraught and the hopelessly impoverished? Why is 'position change' our compass of goodness concerning economics systems? If you're planning on just playing the 'false dilemma' game, I will concede immediately--if it's only this or that, you'll find me hard-pressed to vote in favor of anything non-capitalism, but that's only because I know the alternative is something much worse yet still technically capitalism with a different name/label
Who? My brother. Moved from being almost bankrupt to now living in a nice house and owning a business.
My godfather built his own company, lives a good life.
A friend of mine who has gotten into investing and is now making a nice living doing that.
Why would anyone not want to change their position in life? Why would anyone want to stay where they are? Be nice to move up enough in life to own your own place and actually retire at some point. By retirement I mean never worry about your bills. Not worry about "oh no my hot water heater went out, now I have to choose go to my grand kids graduation or replace the hot water heater ". Actual retirement.
i am glad you have been lucky in playing the game. most arent and will never be, no matter how capable and talented.
oh so by people you meant you and your family. Clearly the selfless capitalism is convenient for you isn't it?
If 'move up' means a lower standard for everyone else, how 'good' can it really be? I don't really know where you got retirement from. That's a 20th century invention that most want no part of.(Most retired people come out of retirement at least once for a reason boss.)
So because I choose people I know to demonstrate a point then that also means that I don't know anyone outside of a friend and family circle that capitalism has helped?
"Clearly the selfless capitalism is convenient for you isn't it" nice but if snark there... So much for an actual discussion.
If you are retired and WANT to go back to work is completely different from not having a choice when you are old tired and no one will hire you and you don't have enough money to live on. Bit of a difference there.
I don't know of anyone that does not want to retire. Many who come out of retirement only work part time. Not full time, again they want to. Not that they don't have a choice.
If you don't want it that's fine, but anyone I've spoken to does.
Have a good night. I'm out.
I'm all for trying to make it out, but for most people day trading in particular is a terrible idea and 90%+ lose money. I think most people would be better advised to just dump money into an index fund or other longer term investment and not think about it too much, at least that way you are betting on the market as a whole rather than your personal trading skills vs pros, which isn't likely to work out.
I would agree. Put money where you said. Then try what I said if they can figure it out and be successful great go for it, if not at least they have the fund.