There may be lots of free opinions, but I don't believe they have much value to the novice investor. I'll admit there are some hidden gems, but separating the wheat from the chaff requires more insight than these subreddits provide on average.
Serious question: does anyone know when/why that subreddit became what is is today? I used to follow it in the early 2010s and it actually provided some reasonable insights.
I don't remember (and maybe never read) the exact details, but as I recall it wasn't so much "infinite money" as "infinite leverage". You could somehow buy assets leveraged, then make the system "forget" that those assets were already leveraged, so it lets you leverage them again to buy something else.
Idk, it's basically been the same thing for as long as I've been following it, and I started around 2017. The only thing that's really changed is the number of subscribers has exploded.
That sub is for the lulz; it’s not a serious analysis of the market. The best description I’ve heard of it was “a jackass for finance, made all the funnier because you realize that people actually got hurt”
IQ has inherently racist origins...I think as a society we'd do better to remove it from our lexicon, as it's simply racialist pseudoscience meant to preserve the status quo.
