I don't gamble on stocks. I invest.
At some point, you stop working for money and let your money work for you.
When one has less than $100K-200K, one can use more aggressive strategies to speed up the early money-making process (akin to overbetting Kelly).Quote: billryan
Someone with a net worth of $50,000 and no certain source of income shouldn't be speculating on junk stocks.
What are you going to do? Tie up a quarter of your worth? A good rule of thumb is 3 to 5 percent of your portfolio in any one stock.
For the longest time the internet had no tax, while maybe the internet should be taxed greater now than real life sales at stores. Ideally, but unlikely.
Macy's and brick and mortar stores are not going anywhere. The retail industry just needs to make some adjustments, that's all. This has all been way overblown. Retail will recover within next year or two. People that know this are buying heavily discount retail stocks at the moment.