A throwback to my financial comedy days
In my youthful days of fall 2018, I kept a comedic blog about finance. It appears that after forgetting to renew that account, my posts have disappeared from the internet — and this is probably for the best. I do, however, still have some of the images saved locally. This gives me the opportunity to take you through months of chronicling the stock market in a few fun images.
The stock market is notoriously impossible to predict, so much so that random predictors can occasionally beat professionals (for example, this cat from 2012 or the longstanding Super Bowl Indicator). I also have had a longstanding joke with a close friend who works in finance that I, myself, am one of the accurate random predictors because I have made a few lucky guesses in the past (***SPOILER*** I am not).
My friend and I came to an agreement at the start of 2018. In order to know whether or not I can randomly predict what the stock market will do, I would need to track a stock portfolio for a year. If it actually did outperform the stock market, we would be in agreement — I had magical powers.
As I began to post my investment —um — “strategy”, I saw a hidden second premise to my blog. Investing a portion of one’s savings in the stock market should not be as intimidating as it can sometimes feel. Adding comedy to the unpredictability of it all can be helpful way to dip your toe in the water of managing investments. I found myself frequently helping friends set up Robinhood accounts so they could play around with trading for free.
One of the conditions of testing my predictions in 2018 was that I should not make investments based on financial news. This led me to mostly invest in familiar companies or companies where my friends worked.
I talked about making inferences based on what the “squiggles” had done in the past…
I also didn’t take too seriously my requirement to keep track of exactly what my portfolio included….
As I mentioned earlier, the end result was that I did not beat the market.
Perhaps worse, by the time the year had ended, I was so distanced from updating my blog that I only posted brief results to Snapchat and Instagram.
I’m still happy to admit that my friend with education and experience in finance is the one with the super powers. But I also like knowing that there are ways I can’t go too wrong without super powers.