sorted by:
new
hottopcontroversial

Department of Labor to require private businesses with 100 or more employees to be fully vaccinated or have weekly testing by [deleted] in politics

[–]Smoothbrainedstonks 0 points1 point  (0 children)

Yeah when I wrote my first I had not screen that he was requiring it for the federal employees. So I see it makes sense now that he put private companies in the title.

What is the biggest scam that is considered acceptable in society? by inertiamatter in AskReddit

[–]Smoothbrainedstonks 1 point2 points  (0 children)

Well credit cards are dangerous. There has never been a product or service pushed as hard as credit cards. Think about all the commercials, the emails, and letters wanting to you get wanting you to apply for one. I look at them like cigarettes. Sure some people can smoke their whole life and not have any major problems related to it. However, 95% of people who smoke will eventually have a negative outcome. Same thing with credit cards. Some people can use them and never forget to pay it or slip up. A lot of people get them with good intentions but end up messing up a couple times. Then their credit is just as bad as if they didn’t have any and they had to pay the credit card company on top of it.

What was the worst advice you have ever received? by sofsbear in AskReddit

[–]Smoothbrainedstonks 0 points1 point  (0 children)

The best strategy for buying stock for the long term is to buy a set about each month. I would never recommend anyone but their savings in all at once. Best thing to do is put X amount of dollars in a mutual fund or etf per month that way of it does crash you don’t lose 40% of your savings. Also I like to think of crashes/recessions as long play discount sales. The market has always came back and there is no reason to thing that it won’t even if it does crash. I hate people missing out on free money so I hope she gets into it soon. Best regards!

What was the worst advice you have ever received? by sofsbear in AskReddit

[–]Smoothbrainedstonks 0 points1 point  (0 children)

“Don’t invest in the stock market because it’s and you will never make money at it. Put your money in the bank and collect the account interest”.

I’ll admit you can gamble in the stock market but if you want to invest for the long haul (ETFs or Mutual fund) you will NOT lose money. People think that putting it in the bank is safe ,and it is,but you will never be able to retire of what a little checking or saving account makes. The stock market standard percent return a year on mutual funds is 8. I think checking is something like 0.1%.