There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.
1984
joined 3 years ago
You can adjust your risk, sure. Those low fee diversified investments will give you index level gains, sure. But I meant getting actual rich. Then you need to bet on the right stocks.
And if it doesn't pop, it has made ordinary people into millionaires. I was having a look at Swedish Avanza site where they launched a new feature where people can share their portfolios (what stocks they are invested in, and their account growth). The best investors got in early on all this stuff. Nvidia and now memory and disk stocks, so they consistently made tons and tons of money.
All while people has been waiting for the bubble to pop since... 2021? Maybe earlier.
We absolutely don't know if it will pop, and even if it does, there was a huge opportunity to make money from it over years and years.
Thats what investment bankers did, and that's what ordinary people did. Some got very rich on this.
Im just saying that because it's important to realize that the way we think may not be optimal for our lives sometimes. I understand fear. But I also understand that some risks are necessary to gain something valuable.
It won't crash. You have to understand the background here. This is critically important to win for the US since they believe it's the future of the world. Whoever wins this wins the world, basically.
I dont think that's true, personally. But they believe it. So it's not allowed to crash, with the US government behind it. Too big to fail.