Investing is boring.
When it's a game it's called gambling.
15
Cowbee [he/they] - 1.0yr
Yep. Investing has already been solved, the Dark God Capital is a sure bet, which is why broad, market cap weighted funds trump betting on individual acolytes and priests of said Dark God in the long run.
8
Laser @feddit.org - 1.0yr
"gamified investing app" should set all your alarms off
12
etchinghillside @reddthat.com - 1.0yr
Was glancing through to see examples but lost patience.
A “You hit your monthly savings/investment goal” achievement - eh, fine.
A “Make 100 trades this month” achievement - less fine.
14
Otter - 1.0yr
Yea I was expecting something like
[X] Check in on your portfolio this week
Or other engagement bait, not something tied to moving actual money around...
5
Rozz @lemmy.sdf.org - 1.0yr
gained $1000
lost $1000
2
sugar_in_your_tea @sh.itjust.works - 1.0yr
Eh, I'd do it if they paid me for it. Just swap between a bunch of similar ETFs, like VOO, SPY, etc. 100 is a bit of a stretch, but I could get it done.
1
etchinghillside @reddthat.com - 1.0yr
I would assume you’d be losing money off the bat on broker fees.
1
sugar_in_your_tea @sh.itjust.works - 1.0yr
Most brokers have free trades these days, so I doubt it. Maybe on the bid/ask spread, but limit orders can help there. It would be a pain, but I could make it work if there was a decent enough payoff.
Joker in personalfinance
Gamified investing apps are becoming more popular — but can be risky for young investors
https://theconversation.com/gamified-investing-apps-are-becoming-more-popular-but-can-be-risky-for-young-investors-243442Investing is boring.
When it's a game it's called gambling.
Yep. Investing has already been solved, the Dark God Capital is a sure bet, which is why broad, market cap weighted funds trump betting on individual acolytes and priests of said Dark God in the long run.
"gamified investing app" should set all your alarms off
Was glancing through to see examples but lost patience.
A “You hit your monthly savings/investment goal” achievement - eh, fine.
A “Make 100 trades this month” achievement - less fine.
Yea I was expecting something like
Or other engagement bait, not something tied to moving actual money around...
Eh, I'd do it if they paid me for it. Just swap between a bunch of similar ETFs, like VOO, SPY, etc. 100 is a bit of a stretch, but I could get it done.
I would assume you’d be losing money off the bat on broker fees.
Most brokers have free trades these days, so I doubt it. Maybe on the bid/ask spread, but limit orders can help there. It would be a pain, but I could make it work if there was a decent enough payoff.