Maybe I'm just getting old and cynical but does anyone else feel like most investing advice online is completely worthless now, like you'll see these long DD posts about why some stock is going to moon and the person literally has zero skin in the game, or they bought like 3 shares just to make the post seem legit and call it a day.
I've been burned twice now following what seemed like solid analysis only to find out later the person was basically just guessing or had already sold their position before even posting, and the anonymity that makes reddit great for some things makes it terrible for investing advice if you ask me, I can't even trust the gain porn posts anymore because half of them are photoshopped or paper trading accounts which is just sad honestly.
I'm not trying to gatekeep or anything but there's gotta be a better way to filter signal from noise you know, and at this point I'm more likely to trust my coworker who knows literally nothing about stocks than some rando on the internet claiming they made 400% on options, at least my coworker would tell me if they actually own what they're talking about instead of just making stuff up for karma.
Anyway rant’s over, I'm just frustrated with how hard it is to find genuine investment discussion anymore without feeling like everyone's trying to scam you or pump their bags.
I'm tired of anonymous reddit investing advice from people who won't show positions
byu/MontyPython1996 instocks
Posted by MontyPython1996
27 Comments
This sub is for analysis and other people’s perspective to broaden your own knowledge.
If you’re following someone’s stock tips on here whether options, long or short-term, you deserve to have your money taken away from you.
Better now than later when you’re inevitably going to lose more $.
I also like to get relationship and social construct advice from middle schoolers on Reddit, stock advice is just icing on the cake
This is exactly why I mostly stick to index funds now tbh, it’s not worth the mental energy trying to figure out who’s legit and who’s just pumping their bags for exit liquidity, and the whole “post your positions or ban” thing helped for a while but people found ways around it pretty quick and now it’s useless again.
Nobody is forcing you to read their posts or take their advice?
You’ve been burned twice for not doing any of your own research and blindly trusting someone on the internet… No clue why you’re trying to blame them instead of yourself, take some personal accountability.
I joined a discord that requires you to verify your holdings with screenshots but even that feels sketchy sometimes because people can just photoshop anything these days or show old screenshots from when they were up, and the trust issue in investing communities is getting worse not better and it sucks, I’ve been checking out some apps where people link actual brokerages like blossom but even then you gotta be careful because who knows if they’re showing all their positions or just the winners.
Yeah the verification problem is real and it’s getting worse every year honestly, I’ve actually had better luck in smaller communities where people at least know each other’s track records over time, but I still take everything with a grain of salt though because nobody knows the future and past performance doesn’t mean anything going forward, but at least it’s a start for filtering out the total BS.
This is a perk to the blossom app. Obviously nowhere near as big as reddit but you can see anyone’s holdings
Have you noticed how most loud posts and comments that call for selling everything usually also have locked down profiles with no post of comment history shown? Probably because they don’t want to be caught being wrong so many times
Edit: Let’s walk through a very recent time line of the loudest people on reddit flip flopping. Do you remember posts and comments that cried about how chatgpt was literally going to destroy Google? About how if you still invested in Google, you’re probably a 70 year old fart? Now? Oh my gosh – you speak about chatgpt and you’ll have comments talking about google’s moat, tpus, talent, circlejerk funding, Jensen Huang being a snake in the grass, etc. where was all this when chatgpt was supposedly going to be eating google’s lunch? Some of these profiles are probably comical as hell to go through – if they made them public I suppose.
I share the sentiment. What was really eye opening to me was browsing/r/gambling and noticing how it would make gambling look like a good idea to someone who was only reading these posts. I can’t look at /r/wallstreetbets the same way anymore and, to some extent, at other trading subs.
> I’ve been burned twice now following what seemed like solid analysis only to find out later the person was basically just guessing
You are free to make better choices.
Fool me once…
Gotta take this with a grain of salt. I’ve answered many questions and will always show my shit to back it up. I just like surfing the page to see what others are buying. I’ll never blindly buy anything. But it’s nice to see what other people do. IMO it’s pretty easy to weed out the nonsense.
Lol then maybe you should stop coming on Reddit.
I have 10k shares in this one positions!!!!! It’s going to the mooon!
(Reality: it’s my company shares I got cause I work here.)
This is a free website where people post for free. What’s in it for them should be a thought after someone did hours of work for a free post. If you’re after expert advice then you want advice from a professional, who will charge money for their work. Plenty of websites or advisors available.
Congratulations! you have learnt the very first lesson of investing: **no one can predict the market.**
Now that you’ve learned that very first basic fact, you can move on.
Also count yourself lucky you are not paying someone to manage your money, because then you’ll get double stung, you’ll lose money and you’ll pay for the privilege….
If you want to invest then **you** have to do the work if you CBA then don’t invest.
Also even Warren Buffet has made some terrible investments and missed out on some of the biggest growth stocks the world has to offer. The best of the best are still not that perfect, you shouldn’t be looking for perfection just a good percentage return
DYOR?
Agreed.
Here’s my 2025 results.
https://www.reddit.com/r/ScroogeMcDuckCapital/s/CxqXJlxYV2
Sell!
I read r/stocks for ideas/news, not to make my decision.
Your investing knowledge has outgrown this sub, congratulations.
This sub once made me money when I was a noob in individual stock decisions. But it was a launch pad to many other resources and now the information here is not as valuable.
This sub also had its “rising tide lifts all boats” moment during Covid rebound when speculative stocks were mooning and everyone looked like they had good dd
Half of the responses feel like bots or 12 year olds cos playing as adults. Probably a higher percentage.
Welcome to the internet, you must be new here.
I think we often complicate things too much. Investing isn’t difficult if one sticks to the fundamentals.
we have way to many research resources these days to only rely on a random persons opinion on the internet.
Reddit is the worst. All vibes and tagalongs.
There was a dude in WSB that apparently lost $1mm on puts over the course of 9 months listening to all the market crash talk. He is young too. SOB could have just sat in index funds around the country or world and been up 30%. Instead vibes that the market WILL CRASH VERY SOON.
I used to spend a large amount of money every month to get investment tips from a highly respected “professional.” He got a few picks right and those stocks went up. But he made lots of errors too which lost me quite a bit of money. Of course his sales pitch only mentioned the successes “I picked X in 2005 and Y in 2012 – both have increased XXX times.”
If someone like him with access to a huge network of contacts, knowledge and experience, makes regular spectacular mistakes, how can you expect contributors to a Reddit chat to be a source of sound investment advice?
I find Reddit to be a source of ideas for companies to go off and research by myself. I watch them closely for a long period – at least several months, sometimes longer. Over time I decide whether they fit my criteria to go ahead and buy.
Please don’t use forums or even services like Motley Fool to buy stocks. Just use them for ideas of companies to research by yourself.