Why Gamestop investors Should NOT Invest in Index Funds

Wanderer
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After we covered the saga of the Redditors and Gamestop a few weeks ago, our prediction came true a few days later: the stock crashed in value from a high of around $350 all the way down to $40, for an 89% loss. Much wailing and gnashing of teeth ensued on the Reddit forums while the rest of the investing world pointed and laughed. And then we all moved on with our lives to obsess over Meghan Markle.

I had forgotten about these guys for a while, until one day I logged into my Questrade account. As I was poking around my portfolio, an old watch window I had open for Gamestop caught my eye. $264? What was going on? So I brought up a price chart on the stock and this is what it looked like.

Hoo boy. Here we go again.

So apparently, after the last devastating price crash that made 90% of the Redditors lose their shirts, rather than stepping back, licking their chops, and maybe learning a thing or two about investing, the WSB people took one look at this $1.9 Trillion stimulus bill that just got passed by the US government and thought “Hey! I’ve got more stimulus money coming my way! Let’s do it again!”

And so the circle of Retard begins anew.

Now, before you start writing me angry messages about using that word to describe these people, you should know that I didn’t come up with it. “Retards” is what the people on /r/WallStreetBets call each other, and they treat it as a badge of honour.

Billboard! Went full retard!🚀🚀 North of Dallas along super busy I-35 from r/wallstreetbets

Now, as much fun as making fun of stupid people is, I’ve already said all I wanted to say about these people last time around, so out of morbid curiousity I started clicking around the subreddit to see if there was any new angles I could write about. And that’s when I stumbled on this post: How To Keep Your Newly Minted Title of Millionaire.

I was like “Oh, interesting. Someone’s trying to give people financial advice on this subreddit. This should be interesting.”

Here’s how the post starts.

So, you did it. You did your due diligence, you did the math, you summoned your courage to press that ‘Buy’ button, and now those stocks and options have granted you a title you only dreamed of having.

“Millionaire”.

Congratulations! You beat the odds that so many before you have failed to overcome. You played the game, and came out on top. Now it’s time to buy that house you always dreamed of, or that car you always wanted to drive, right? Sure, if you want to lose your title of millionaire. However, if you ‘d like to stay a millionaire, there are some things you may like to consider. This is not financial advice, but rather, 3 pieces of life suggestions. A survival guide so to speak, of the next 6 months and how to protect your new title.

OK, OK. So they’re trying to get people to not blow their money on a lambo. That’s not the worst thing to ever come out of this subreddit.

Interest piqued, I scrolled through the advice they were giving out. Some of it was fairly obvious, common sense stuff. Don’t tell your friends/family right away, here’s how to report your gains to the IRS, etc. Fine, good. But then, I came across this…

If you want this money to last more than 5 years, you’re gonna want to treat it as if it wasn’t there.

“Wait, what? Then why do I have this money if I’m not gonna use it?!” You will use it. Just not as a sum of cash. If you have $1.8 million, you are not going to go out and buy a $1 million dollar house and a $200,000 Lamborghini. You’ll only have $600,000 left! Instead, you might want to turn to FIRE, or Financial Independence, Retire Early. There, you are going to use your newfound money as a source of income. An easy equation for this is 4%…

*record screech*

NOPE NOPE NOPE NOPE NOPE DON’T LIKE DON’T LIKE

OK, I am fully aware that the ethos of this site is that the knowledge of how to achieve Financial Independence should be available for everyone, but I’m going to have to amend that today. The knowledge of how to achieve Financial Independence should be available for everyone EXCEPT THESE REDDIT MORONS.

I don’t know about you, but given how reckless we’ve seen these guys behave, especially with making massive, leveraged, market-distorting bets for no reason than “for the lulz,” I want these maniacs to keep their diamondy hands as far away from our Index funds as possible!

So if anyone from /r/WallStreetBets is googling what this whole FIRE thing is and stumbles on this post, I have a message for them.

Dear Retards,

Well hello there! Thanks for taking the time that you normally spend swiping around on Robinhood while on the can to visit our blog. You might be looking at a big green number right now on your account balance with a shit-eating grin, and wondering “Were my parents wrong about me? Am I a genius after all?”

Well, we all know the answer to those questions: Yes, and HELL Yes!

So now you’re sitting there thinking “So what should I do with all this money?”

Well, I am here to tell you what you should absolutely NOT do with it: This stupid FIRE thing.

FIRE instructs you to invest your money in index funds, which as we all know is lame and boring. 6-8% returns per year is a pittance compared to the 500% overnight success you’ve managed to get, and as we all know, you are a lot of things, but you are definitely not lame and boring. No need to hook yourself up to this wagon of lame-o’s who are all like “invest responsibly” and “don’t pick individual stocks.” That is so, like 2019 advice. You are a rocket ship powered by unicorn farts, headed straight to the moon, and you should spend your money accordingly.

Here are a few suggestions JUST for you…

Lambos

Photo by Alexandre Prevot @ Wikipedia

Ah, lambos. Lamborghinis have been the symbol of success ever since the crypto hodl gang people started mistaking luck for skill. And are you just going to let all the crypto guys have all the fun? Hell no!

And besides, what’s the point of having money if everyone can’t see the fact that you have money? Remember: Index funds are invisible, so when you put your money into them, yes it’s a good move for your long term financial future, but does an index fund go vroom-vroom? Does it have gull wing doors like in Back to the Future? Can you Tokyo drift an index fund?

No, you want to buy something that tells the world “I’ve arrived.” When you pull up in one of these babies, you know all the girls will look at you and think “Now THERE’s a person who’s not overcompensating for their embarrassingly small penis.”

That could be you, friend. Think about it.

Gold

Gold can be a useful investment for some. It has applications in electronics manufacturing from motherboards to iPhones. It’s also a useful store of wealth in hyper-inflationary times. We’re not going to be talking about any of that.

No, you want to buy as much gold as you can in the form of necklaces, rings, and gold dentures. Then you want to see how much of that you can fit on your body at once. Try to keep it tasteful.

Nailed it.

Then after you’re all decked out in all the gold you can carry, go for a walk in skid row. I guarantee you, you won’t believe the attention that you’ll get! You might even end up on the evening news, you lucky duck!

Cocaine

Now this is more of an 80’s Wall Street thing, but hey, your subreddit’s literally called WallStreetBets! Embrace your rich, powdered heritage!

Besides, everyone knows that people always come up with the best and most brilliant ideas on cocaine. And because normal sober you is already such an investing genius, just imagine how much better of a day trader you’ll be when you’re hopped up on Bolivian marching powder! It’s a business expense, really. You can’t afford not to!

In fact, because it’s clearly a business expense, I’m pretty sure you can deduct cocaine off your taxes. Make sure you remember to keep your receipts from all your drug purchases so can send them to the IRS come tax time. I mean, that’s just good business sense.

More Gamestop!

But you know what the only thing that can possibly beat Gamestop as an investment? More Gamestop.

Think about it. You already hit the big leagues with Gamestop, so why stop there? What if you doubled, tripled, or quadrupled-down on your investment? Where would that get you?

The moon? Bah! The moon is so 2020. Besides, you’ve already made it to the moon! The moon is boring.

No, you want to keep going. Aim that rocket ship of yours past the moon. That’ll show everyone!

Wait, what’s beyond the moon again? The sun? Yeah, that sounds like a good idea. Aim that rocket ship of yours directly at the sun, and GO BABY GO! Nothing could ever go wrong with that idea!

Conclusion

So there you have it. Four, totally unbiased, objectively way better ideas for the Redditors to invest their money rather than boring old FIRE. Remember, retards. Fire = Bad. Cocaine + Lambos = WOOOO!

Edit: Funnily enough, after I wrote this article the people on that thread started reacting to the post’s suggestions with the following:

F*ck FIRE

If i saved it all and FIRE’d then i’d be miserable cos there’d be no challenge or risk left in life

Instructions not clear, shot myself in the dick..

Me: *Strokes cat while sitting in egg-shaped chair* Good…good…


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70 thoughts on “Why Gamestop investors Should NOT Invest in Index Funds”

  1. This is an all-time top-five post on this magnificent interwebspace you’ve got here. I am in awe.

    If I get “Can you Tokyo drift an index fund?” printed on a bumper sticker for my ’04 Hyundai, would you or would you not prefer me to include a millennial-revolution.com url beneath it?

  2. Gold etf could be good. Index fund may be in a bubble now and far less diversified due to dominance of just a few ones.

  3. This post seems really mean-spirited. Needless insults, bad advice? Why? I get it, it’s fun to make fun of GameStop investors, but…there are actually a lot of people who bought a few shares for fun. They’re not all morons just because they made a risky investment choice.

  4. man, I really don’t like when you label people like that. Why can’t a reddit GME have two portfolios, one FIRE and one for “fun”? This is totally normal. You don’t use retirement money for gambling, it doesn’t mean retired people don’t spend money on slot machines every day in Vegas.
    Stop labeling people, they are much more complex than that.

  5. Echo the above criticisms, and also just because a group uses a slur (used to denegrate others!!!) against themselves doesn’t mean you should repeat it. It’s still a slur. (See the n-word if this seems too hard to relate to)

    1. I agree. On SO very many levels, this post was not worthy of the authors who I have been following for a long time. Thought leaders should behave like leaders.

  6. I’m beginning to miss some of the brilliant posts you guys used to publish like the yield shield and practical stuff like that. Please consider writing more of those posts and less political and polemic posts ! Please !

    1. Agree 1000%. This along with political posts and the anti-Trump rhetoric is not what I came here for. I say more power to the WSB crowd if they hit it big. I’m sure 90% plus will probably lose their shirts but that’s their prerogative. Stay classy, don’t be a degenerate.

    2. I am yet to read any response from the Millennial-Revolution on this blog post and the comments it has received, but I think the reason the quality of the blog has started to go downhill is because its logos is loosing relevancy today and they don’t know what to write about.

      I welcome evidence on the contrary, but I believe that their portfolio and investing methodology has not performed that well in 2020 compared to how the market has performed. A 40 percent allocation to bonds in a zero or less than 0.5 percent interests rate environment isn’t going to yield very much at all. People who had their portfolios completely in stocks – say the SnP 500 – in 2020 performed better year over year (16 percent) even though we had a massive bear market. There is no yield in bonds right now…and unless we experience some higher inflationary pressures there will likely not be any yield for a long time. You’re not going to be making a lot of money if only 60 percent of your portfolio is yielding a profit and the other 40 percent isn’t paying enough to keep up with present day inflation.

      And with present day in mind, you can’t even do half of what this blog markets to its readers: travelling. We’re in (hopefully more than the middle) of a pandemic with immense travel restrictions and multi-week required quarantines if you want to travel internationally. These guys are having trouble finding things to write about cause they can’t go anywhere to write about. The whole idea of investing so you can retire and quit your job for full time travelling doesn’t really work and hard to say when it will again.

      I’m not surprised the quality of the content on here has dropped. I enjoyed reading their book and original posts but, Kristy and Bryce are not expert investors. They don’t have degrees in finance or ever worked for an investment firm. Their knowledge base only takes them so far into-understanding how the market works and what other assets are out there and how to adapt to changing conditions. I really recommend people look to a multitude of resources for investment advice and adapt how they invest to what is happening in their life and where they see opportunity. You can buy a house and retire early. You can buy an individual stock too – you are not guaranteed to lose all your money.

      Many readers are on here to learn about new investment ideas. I wish Kristy and Bryce would do the same.

  7. Come on though… if the Diamond Hands people get ahold of VTI it’ll go from $200 a share to $4,000 and then crash and bottom out at $400. What’s not to love?

  8. Basically what it gets down to is whom do you trust: A bunch of miserable schmuchs who wasted their best years toiling away at a god-awful job that they hate (with a wicked commute), only to squirrel away a mere pittance in ETFs with the hope of eventually hitting that magical 4%, or a young lad in his late teens throwing a couple thou$and into GME and watching it 1000x over the subsequent few weeks ?

  9. Guys, tapping out and unfollow. Bashing and insulting a group of people without any due diligence done to what they are driven by. I read your book, been following this newsletter and your posts for a while, but this was just discusting.

    1. They are idiots who are ruining normal people’s lives too. They say they are for the little guy but their stupid actions are ruining the little guy’s portfolios. Not just the big institutions who will recover from this like it was pocket change to them. They think they’re accomplishing something but they aren’t. Just ruining other normal people like them. “Retards” is a nice way to put it. They suck.

    2. I agree 100% This has 0 value for your reader and it is untasteful. Sadly the quality of the content has been going down so I am going to unsubscribe. Please share quality stuff not just insults. VTI and all the index funds are for everyone.

  10. Please consider rewriting or deleting this post; the language and some of the images are incredibly offensive to groups that have absolutely nothing to do with the Gamestoppers. 🙁

    1. Look, you are probably enjoying the 25 comments and counting, but for the sake of your 4% yield — please, please edit to remove the slur, even if the investors that you are demonizing use it in their groups — and the digital blackface.

  11. Although entertaining, I’m not sure your letter was even needed. Just remember the immortal words of The Godfather when he is asked about people wising up and not picking individual stocks in the future…

    “Don’t worry about it. It is never gonna happen.” – JL Collins

    Great post!

  12. Does the Lambo have vroom vroom exhaust LED lights? I’ll have to dip my car in Gold haha. Funny post, I was tempted to get on the GME train but instead put more into my index fund. Boy was I regretting it when it skyrocketed to $350+ but then it dropped back down again, and in the end, I was glad I stayed on track with my Vanguard instead of trying to dabble with individual stocks. Not that it’s wrong to go that route, it’s just not for me. Love your content, you guys rock!

  13. Love your attitude.

    As someone who has been holding index funds for decades and ALSO traded around the Gamestop bubble phenomenon, I am a weirdo playing in both worlds. But Gamestop was with way under 1 percent of total portfolio.

  14. HAHHA I really needed this.

    Thank you !! <3

    PS: As with anything that ANYBODY writes nowadays I advice you to get ready for the PCP ("politically correct police").

  15. I have been following your blog for a very long time. It seems like this posts doesn’t belong in this blog and it seems like you guys are not the kind of people who would disrespect others like that.

    Like others have said in the comment, not everyone who bought game stock stocks are stupid, some were just having fun, some were told to buy by their friends, some wanted a little spice in their day. It’s not nice to label all of them as stupid. That’s just my 2 cents

  16. Author answered in advance to all the negative comments:

    “Me: *Strokes cat while sitting in egg-shaped chair* Good…good…”

    (Last line from this article.)

  17. I laughed out loud, which has not been the case with the rest of the articles I’ve read the last 5 hours. You are correct, FIRE followers don’t need these goofballs lending their confusing “wisdom” to index investors. Encouraging these guys to adopt FIRE principals is like inviting a Meth addict to move into your kid’s bedroom until they get on their feet.

  18. Wanderer, you are misinformed about why Gamestop’s price is so high right now, and you spent more time insulting WSB than understanding why the price has risen.

    Reddit people didn’t hear about the stimulus and then go out and blow it all on GME shares this week, GME has been steadily rising since the crash because it was heavily shorted by hedge funds, oversold, and now there’s an unusual amount of failure-to- deliver.

    WSB has exposed some technical flaws of the market and how hedge funds and “market makers” have been exploiting them. The price is rising because of the massive amount of shorted shares and borrowed shares that are starting to come due. It’s easy to laugh at WSB, but if you’re going to do that, also do more research on the role of shorting and hedge funds. (I don’t own GME, but I’ve been following the updates)

  19. Title was “WHY GAMESTOP INVESTORS SHOULD NOT INVEST IN INDEX FUNDS”, but the post didn’t actually address that. I get that it’s poking fun at those that jumped on the Gamestop bandwagon, but would have appreciated if it expanded more on “I want these maniacs to keep their diamondy hands as far away from our Index funds as possible!”, specifically with what would be the effects on the FIRE community/investments.

  20. I really enjoyed this read, then read the comments and realized you must have touched a nerve. I know people who have lost a lot of money in GME so understand that this post is gonna upset some people (just cuz it reminds them of what happened). Just wanted to throw in that I thought this was a brilliant satire, and if I was in the GME crowd, I’d be pretty convinced to go the steady FIRE route instead even if I can’t tokyo drift with my index funds haha. I don’t think you were trying to be mean-spirited or anything with this post and I hope that other readers (even ones that invested in GME) can come around to seeing that.

  21. I recommend you dive a little deeper into your meditation practice. No real value added here. Someone sounds jelly..

  22. I’m totally on board with the “You can’t Tokyo Drift an Index Fund” bumper sticker idea….for our Subaru Outback. Yeah baby! Take my money!

  23. Ah, the good old WSB! I will never forget my first experience, when Tesla hit 420.69. Then, some crazy guy bought calls with a 800 strike, and everyone thought he was nuts. Only to watch Tesla rally to 1000, 2000… All the way up to almost 5000 (pre-split).

    I never joined on the Tesla madness, but I couldn’t resist GME. Don’t get me wrong, my portfolio is still 99% on safe stuff, but I did a 0.5% GME gamble. That 0.5% turned into 5%, then 10%… Nuts! Never seen so much volatility before (and yes, I have played with a bit of crypto as well)

    What I’m trying to say here, is that if you have a large enough portfolio, you can keep a small portion for playing asymmetric risk. Consider it a spent budget on gambling if you’d like, because that’s pretty much what it is.

    I did not manage to sell GME at the top (almost $500 if I recall), but still walked out with a tidy profit. And the best part, even if I lost everything, it was an insignificant sum to my overall bottom line.

    So please, don’t generalize WSB as a collection of mindless apes. There are a lot of people there who are not doing YOLOs, but enjoy participating in the madness once in a while 🙂

  24. Yup, this is 100% not what I signed up for. When I saw the title of this post I thought there’d be an a meaningful discussion about the causes of the GME saga as well as around these companies that are pushing for everyone to open a trading account to ‘democratise’ investing not to mention an opportunity to discuss how badass it is that a group of self proclaimed ‘retards’ put the squeeze on the man for once but this post really fell short of what I’ve come to expect from MR. I don’t own any GME or meme stonks or even know anyone that does but I’m not interested in beating on anyone that’s decided to invest in them. If anything I hope they succeed or at least get an education that allows them to succeed.

    Yeah, also the retard thing was pretty low. I’d expect to hear that slur in a WSB post but not from you guys.

    Peace out

  25. To be honest, this post comes off as if written by someone who is jealous and bitter that the so-called “retards” still managed to somehow make enough to retire and live comfortably without doing it the “right” way. Regardless of how someone made their millions or whether I agree with it or not, we should be encouraging good financial decisions and welcoming people into the FIRE movement. This isn’t some exclusive club where “those people” over on WSB just aren’t welcome.

    I’ve only ever invested in index funds and never thought chasing stonks was a smart move, but I’m not going to hate the person who bet it all and won the lottery.

  26. What about writing something for the FIRE community and leave the herd behind?
    You’re better than this M-R!! Don’t let that logo of yours be confused with socialism BS with a post like this!

  27. I’m not sure if you are intending this but your posts seem to be publishing privately the last 2-3 posts. I can access through my email but not if I go straight to the website? Maybe just me but I wanted to mention.

    Also, I would love some more posts on investing your money while you’re still in the wealth building phase and not yet FIRE. Love your blog and refer to it frequently!

  28. I increasingly dislike Wanderer’s posts. The term “retard” hits too close to home for people who have disabled family members and was unnecessary. I have also been getting annoyed with Wanderer’s political opinions. I think it’s best to leave politics and religion out of these posts altogether. Firecracker grew up in a communist country and had it terribly hard, so it strikes me as odd that the logo for this site is the communist fist and it’s red! WTH!

  29. Caustic hilarity at its best!

    Enjoyed this for the light-hearted (well-written) entertainment piece that it clearly is.

  30. This was a fun and snarky post employed to get a laugh. I thoroughly enjoyed the wit and dry humor that was used to make a point about the current turbulent public indices.

    Keep the waggish posts coming, Wanderer, and don’t be henpecked by these virtuous, sour folks.

  31. I waited a while to post a comment. The reason was to see how many thin skinned commentators there would be and, oh boy, was I right.

    Everyone is entitled to their opinion, including our hosts. If you don’t like it, well, tough nuggies. It’s their site after all.

    Overall, I thought it was funny. Lambos. Lol. It does show that only a few people made money on the GME madness and that most got their asses handed to them.

    The host can say what he likes and those who got butthurt can enjoy their…butthurt.

  32. I don’t understand all the hate behind Reddit’s Wallstreetbets. I mean, they *know* and have never denied that all they’re doing is gambling. They’re not trying to build wealth and save for the future, that was never their intention or goal.

    I don’t see why FIRE community should bash on WSB for not doing something the FIRE community would do, and vice versa. We should co-exist without judgement or hate.

  33. You guys seem jealous that the Redditors made more money than you and FIRE’d in much less time, beating you at your own game. Coming across much like the scorned Orange guy you love to hate. In the end, no one acts any better

    1. They didn’t fire. Just because they temporarily technically have the $ amount to fire. They may double their money, or lose all of it just as fast. Not sustainable

  34. WSB and FIRE communities are pieces of Humanity…

    Your identity will shape your perception of the pieces in the sum that make up the whole of Humanity…

    Your perception will determine your acceptance or rejection…

    If you chose the rejection stance, you must ask yourself the following critical question…

    Are you the “Chosen ONE” that will cleanse that specific piece of Humanity?

    If your answer is an astounding “YES”, you will find a proper solution without the element of “HATRED”…

    Hatred will kill Humanity, but first it will kill you!

  35. Hi Wanderer, I have a question and maybe you could share your thoughts? I read your first post about the whole GME thing and found it reassuring… that retail investors uniting en masse to dump large amounts of money into whatever asset wouldn’t be able to distort the index. This post though, even though witty and sarcastic seems to say otherwise… could you tell your readers who are still learning how the stock market/FIRE works why it would be so terrible if GME millionaires bought VUN? I mean, if I won the lottery it would be the first thing I’d do with my winnings… why does the FIRE community want them to stay away?

  36. Absolutely cracked me up, fantastic work! I’ll take one of those bumper stickers, please, for my 5 year old push-bike. Thank you for making my day 🙂 x

  37. This post was hilarious and honestly needed.

    You are really trying to expose that the GME movement, was much more gambling than it was smart investing. People think because there was more than a 100% short, that this was some intelligent investment strategy. Because the short essentially assigned value to the stock price, and therefore they invested. I get it, its pretty simple to be honest.

    This article is needed to remind people, that even though the GME movement looked and smelled like investing; it was gambling. The short makes these gamblers think they are smart investors, which is when serious financial loss can occur. Also your article is not aimed at people investing %1-2 of their portfolio. Its aimed at people dumping large portions of their net worth into the stock; this part is self-evident when reading.

    Yes your statements and pictures where a bit over the top. This is what good satire looks like.

    In summary, in this modern politicly correct environment people get triggered and their brains just turn off. If they look at your work and this article it is clear to see, this is good satire that is saying “GME is not investing, it is gambling! WAKE UP!”. That is why this article is needed.

  38. Mmm yes, satire. Reminds me of something Terry Pratchett once said about satire being meant to ridicule those with power and if you’re instead laughing at those that are hurting then it’s not satire but just plain old bullying. That feels like what we’re looking at here. Sure I’m all ears for hearing an open critique about how the GME movement is affecting the overall market but remember that most GME folks participated in this squeeze in an act of resistance against corporate hedge funds in response to their actions during the GFC. If this post was directed at the hedge funds I’d find it hilarious but I don’t find it fun to laugh at folks that have been financially oppressed and yeah I know that sounds like a big word to throw around here but let’s remember that that’s what debt is – a tool of financial oppression and wasn’t it great to see that tool for once used against those with power by those with essentially none? I thought this might be something I think the FIRE community could have related to as to me FIRE is essentially about escaping the shackles of unbridled debt and consumerism.

    And to all those people who say ‘oh, looks like some people are just sensitive and can’t appreciate your dry humour and wit’ no. This humour isn’t dry or witty but just lame and classist.

    1. If this post was directed at the hedge funds I’d find it hilarious but I don’t find it fun to laugh at folks that have been financially oppressed

      ———

      So…you’re all about discrimination? Hedge funds ok? Morons in general no?

      Nice. I like the double standard. Does that make you lame-o?

      1. I am yet to read any response from the Millennial-Revolution on this blog post and the comments it has received, but I think the reason the quality of the blog has started to go downhill is because its logos is loosing relevancy today and they don’t know what to write about.

        I welcome evidence on the contrary, but I believe that their portfolio and investing methodology has not performed that well in 2020 compared to how the market has performed. A 40 percent allocation to bonds in a zero or less than 0.5 percent interests rate environment isn’t going to yield very much at all. People who had their portfolios completely in stocks – say the SnP 500 – in 2020 performed better year over year (16 percent) even though we had a massive bear market. There is no yield in bonds right now…and unless we experience some higher inflationary pressures there will likely not be any yield for a long time. You’re not going to be making a lot of money if only 60 percent of your portfolio is yielding a profit and the other 40 percent isn’t paying enough to keep up with present day inflation.

        And with present day in mind, you can’t even do half of what this blog markets to its readers: travelling. We’re in (hopefully more than the middle) of a pandemic with immense travel restrictions and multi-week required quarantines if you want to travel internationally. These guys are having trouble finding things to write about cause they can’t go anywhere to write about. The whole idea of investing so you can retire and quit your job for full time travelling doesn’t really work and hard to say when it will again.

        I’m not surprised the quality of the content on here has dropped. I enjoyed reading their book and original posts but, Kristy and Bryce are not expert investors. They don’t have degrees in finance or ever worked for an investment firm. Their knowledge base only takes them so far into-understanding how the market works and what other assets are out there and how to adapt to changing conditions. I really recommend people look to a multitude of resources for investment advice and adapt how they invest to what is happening in their life and where they see opportunity. You can buy a house and retire early. You can buy an individual stock too – you are not guaranteed to lose all your money.

        Many readers are on here to learn about new investment ideas. I wish Kristy and Bryce would do the same.

  39. Hilarious!

    This is satire, fellow commenters. Provocative writing to make a statement, like so many other forms of art.

    The Game Stop craze was the antithesis of FIRE, and there’s room to highlight that in a FIRE blog. Yes, those investors are humans who deserve respect.

    But let’s be honest, none of us read Millenial Revolution to hear the respectful perspective. We read it because they’re unfiltered and smart and make us laugh.

  40. lol, gatekeeping index funds? do you even understand how index funds work? this blog is pathetic.

  41. It really depends on the context and intent of why someone is getting into the GME train. Example, my portfolio generates passive income above and beyond my needs. I am going to spend 1000$ which is 0.001% of my networth for a chance at a 100% return. Its probably wrong to assume everyone is gambling in the same way YOU guys would think to gamble – the intent is asymmetrical risk to reward and some people are going to look at the opportunity and say hey, lets do it. I think where things turned south was using names and degrading everyone who took part in GME as idiots or saying its better to spend your money on drugs – I just think the topic veered you guys way too far away from your core competency. I would think that index investors could care-less about these short term issues and just ignore it

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