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Comment by Someone1234 | Hacker News Reader

VTI is down 13.5% in the last three months, didn't non-meme/non-day traders also lose a lot of their gains for the previous 12-months? This seems like bait for those who were predisposed to believe this anyway.

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The whole market is down, but when you consider that (for example) Netflix is down >70% from November 2021, it's a different level of drop.

It's sort of impressive that GME is still holding out at around $100, however...

Netflix wasn't even a "meme stock". Some companies will do worse (and some better) than others at any given point in time, that much is obvious. There's definitely a correction afoot, but twisting the narrative into "see you shouldn't follow the online hype, instead invest into wherever we tell you – Bloomberg" is pretty deceiving.

GME is propped up by a cult with almost millenarian views of the stock market. It’s more like a giant penny stock scam from the 00s than anything

Right. The money was that was to be made was made. Everyone else is holding the bag now.

Netflix has a fundamental problem with its business burning money to make mediocre content because it can't license much of the top tier any more. It has no moat and its tech is no longer special.

Didn't you just describe most silicon valley VC funded startups ? I feel like you can replace Netflix with a lot of other companies, throw in their well known weakness and it would still make sense.

A startup is notionally providing a novel or best in class service that VC investors are gambling on. Netflix's best days are behind it.

Based on today's prices, VTI is about where it was in February 2021 and if you'd bought and held before then, you'd have made gains.

But that's not really the point: the question is, who performed better?

At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors.

> At this point, as the article shows, the meme and day traders have underperformed the boring buy-and-hold index investors.

That's because very few people actually outperform, on average, index investors. Memes or otherwise.

Look at the chart in the article. It seem to have defined the "meme stock era" as starting in jan 2020, and compared the performance of "estimated retail trading" against "S&P 500 total return". During that timespan the former lost all gains, but the latter is still up around 20%.

Can someone tell me if this is a good time to invest? Or would it go lower?

Just looking to invest in VTI, nothing else.

Nobody can tell you that because no one knows.

Time in the market beats timing the market. Dollar cost average money into VTI every month automatically from your bank account and forget about it.

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