Technology

58975 readers

4071 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

538

Robinhood admits it’s just a gambling app. (www.theverge.com)

submitted 1 day ago by [email protected] to c/[email protected]

79 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 15 hours ago* (last edited 15 hours ago)

If you're investing more than a few percent of your portfolio in any one company, you're probably gambling though.

I read a forum post many years ago about people that put all their retirement money into some company that was going to be the sole supplier for some components for the iPhone. Apple didn't end up going with them, and the company was relying entirely on that contract. The company went bankrupt, and the people that invested lost all their money.

In the end, why invest in a small number of companies when you can invest in practically all of them? Bogleheads three fund portfolio (total US stock + total world stock + bonds) is very simple yet will beat most actively-managed portfolios over the long run.