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Idiomdrottning: âBagholders and suckersâ
StackSmith: âRe: Bagholders and suckersâ
When I was in late elementary school or early middle school (10â12 years old for non-Americans) I played this thing called the Stock Market Experience; apparently it's only in Colorado so I doubt most people have heard of it. It's a stock market simulator where you compete with other teams to make the most money by, just trading, like a real stock market. In case you needed proof of Idiomdrottning's point about âinvestorsâ/gamblers benefiting at the expense of others it's literally a game-like competition.
One could argue it's âcapitalist propagandaâ aimed at young children or some dumb argumentâand maybe it was intended to be thatâbut it was just fun (it's trivial and low-stakes when you're not using real money). To me it was no different thanâand teaching me no more real-life skills thanâplaying Trade Wars 2002. But the point I'm making is, I won that shit! The fact that a ten-year-old won a stock market competition against older and theoretically more skillful middle schoolers (13â14 years old) should be abundant proof that the stock market is just gambling. All you're doing is just dumping money into shit and if you're lucky you'll make more back. Maybe there's some applicable skills to increase your chances, maybe you can learn the trends for how other people invest and change your strategy accordingly; but in the end you're still slightly increasing the chances you âwin,â no different than counting cards at a casino.
The Stock Market Experience was really fun to play though, and I got to go to an awards ceremony at the Denver Zoo and also got to be on the local TV news. If I'm being completely honest I more vividly remember getting to see the cheetahs on that trip to the zoo than I remember the actual awards ceremony though :P. The cheetah enclosure was right across from the building they were using for the ceremony and my parents had to drag me away to get to the ceremony on time.
See Also:
Economic Literacy Colorado's Stock Market Experience
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