Recently there were a lot of people rushing to invest in SpaceX due to its IPO announcement and as expected the value of the company rose extremely fast and some people made a lot of money on paper. However, today there was so much news about how the stock lost about 165 of its value where some people are already complaining they lost so much money. I was thinking how this was kind of expected with all the hype as a lot of people were essentially treating it like gambling where they just want to sell it as fast as possible for a profit versus treating it like an investment.
If you truly want to gamble in this way I am sure other areas are more in-line with that kind of approach such as sports betting. As a matter of fact, I was told of a person the other day on how a wealthy individually placed bets on the FIFA games and won tens of thousands of dollars. People found it gross as they would never do that with their limited income, but this is more along the lines of what many people are trying to do with stocks like this SpaceX IPO.
You should be investing more for the long-term overall for these kinds of things or I can imagine here many people will feel the need to sell to cut their losses only to then see it go way up later and the regret cycle continues. It’s supposed to be investment versus straight up gambling.