Replies to post #181638 on DD Support Board and Research Team

[DragonBear]

Yes, pitiful, but the meme stocks arrived so suddenly and in such a puzzling manor that I doubt many people, especially wealthy retirees, acted

Outside of 20 yr old first time Reddit investors, and Microcrap "investors", very few if any acted.

Many with blue chips and mutual funds and conservative 401Ks rarely look at their investments.

Worker bees seldom do. Cram their investments in a fund rated by the sponsoring broker as "high risk", or "growth", or "fixed", or assorted other descriptions. Sometimes after discussing it with the sponsoring broker. Whose motives might be suspect. Then at the end of the year, they let the returns on their 401K be a big surprise, be it good or bad. For the most part the 401 becomes the same as a savings account. Giving the individual the incentive to save, they might not otherwise have. Whether that gives them a 401K they can retire on is another matter.

Thank the lord, most people aren't IHUb-type players!

I'm amazed there are as many as there are. Where Natural Selection wipes out some, and more dive into Microcrap scam stocks. Where the game is to preload with a pump gang, and then chatter pump worthless crap up on a forum. Sell to the dreamers, dreaming of the big score.

The 28% might incorporate those who lost on nearly every trade they engaged in, before finding the Reddit crowd and a GME. So they claim it was their first time. Makes em feel better.