Lazarus
18 Sep 2024
Off-Topic / Stock Market and Trading Talk [1011]
Index trackers are how to not lose more money on the stock market than the wider market loses. Instead trying to pick stocks that will beat the market average, these funds aim "to closely track the index's return".
Until a month ago Jimmy Poorhouse had never heard of them, which is why he would post here trying to boast about his ability to produce returns that are an average of less than half what one can make by simply tracking the market indices. Now he claims to have "most" of his money invested in "ETF's" (he is, of course, too dumb to know the name is actually ETFs).
Jimmy Poorhouse is so financially illiterate that he doesn't even know the difference between a market index and an exchange-traded fund, as he makes clear in this post:
The reality is that a market index tracks how a certain group of shares (or bonds or other investments) performs. Some tracker funds track market indices and exchange-traded funds are a type of tracker fund, so some of those also track market indices. Unfortunately for Jimmy Poorhouse, he was too angry at being exposed yet again as a liar who knows nothing about finance that he didn't bother googling properly before claiming that "I have the most of my money invested ETF's" which have "made me a ton of money", so he didn't know the difference between a market index and a tracker fund and an ETF. In fact he still doesn't, as his reply to your post shows.
One of the few things that Jimmy Poorhouse can't be accused of being is a gambler. One needs money to gamble and Jimmy Poorhouse doesn't even have enough money for a can of paint to stop the wood siding on his shack from rotting away. Have you seen the state of it?!
What was the tracker thing doing?
Index trackers are how to not lose more money on the stock market than the wider market loses. Instead trying to pick stocks that will beat the market average, these funds aim "to closely track the index's return".
Until a month ago Jimmy Poorhouse had never heard of them, which is why he would post here trying to boast about his ability to produce returns that are an average of less than half what one can make by simply tracking the market indices. Now he claims to have "most" of his money invested in "ETF's" (he is, of course, too dumb to know the name is actually ETFs).
Jimmy Poorhouse is so financially illiterate that he doesn't even know the difference between a market index and an exchange-traded fund, as he makes clear in this post:
market indices are called ETF's
The reality is that a market index tracks how a certain group of shares (or bonds or other investments) performs. Some tracker funds track market indices and exchange-traded funds are a type of tracker fund, so some of those also track market indices. Unfortunately for Jimmy Poorhouse, he was too angry at being exposed yet again as a liar who knows nothing about finance that he didn't bother googling properly before claiming that "I have the most of my money invested ETF's" which have "made me a ton of money", so he didn't know the difference between a market index and a tracker fund and an ETF. In fact he still doesn't, as his reply to your post shows.
the thing about gamblers is that they are blindly optimistic.
One of the few things that Jimmy Poorhouse can't be accused of being is a gambler. One needs money to gamble and Jimmy Poorhouse doesn't even have enough money for a can of paint to stop the wood siding on his shack from rotting away. Have you seen the state of it?!
Jimspalace.jpg