51–60 of 233 posts
I hate to be a cynic, but the rules have never really applied to the guys at the top of the market. In business school you’re flat out told that “the role of government is to pick the winners”. And the associated cases were generally about compromising regulatory authorities — with the goal of showing why the side with more money almost always wins. Everyone below you on the food chain sees you as a payday and is wil…
Earlier quoted context omitted.
Public service used to be thought of as a sacrifice for the good of all people. For many people it is. Teachers, social workers, public defenders, armed service people. All of these people make a pittance compared to what they could in the private sector. Saying a congressperson or a judge should be allowed to trade stocks simply because it affects their well being is an argument that appears rather frail. I would be…
If anything, you would want elected officials to be invested in their country as a whole, so indexed funds and stuff like that. Yes they are lower risk, but they also reflect how a larger group of companies are doing vs the ones they have first hand information about.
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
This has worked really well for so many people. Its boring, there's nothing sexy about it but you will retire with a decent chunk of cheddar.
You'll never do well trying to trade individual stocks. Even the pros screw that up constantly. There's a huge industry trying to convince you to trade, but that's so they can make commissions and make $$$ on flow.
Be a boring investor and find an exciting hobby instead.
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
>Don't fall for it. It's just rich people and politicians taking money from less rich people. How do rich people make money in the stock market if it's a "scam?" And how do politicians use the stock market to take money from anyone? (usually they use taxes to do this) What about index funds, which usually have proven returns and require no special knowledge?
Well not politicians quite, but IMHO western bond buying is driving up asset values and fundamentally increasing economic stratification. PCE is a trash measure. It's like our monetary policy says "make sure workers keep working, make sure their feedstuffs stay cheap, and don't worry whether they have a meaningful opportunity to acquire ownership of the economy."
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
A lot of people (including me) spent a lot of time reading, operating, spending time on investing.
There are a few bits of value here, and some profits to make. But it seems to me that learning, crafting, sharing is way more beneficial long term.
Even if you win, you're never shielded from inflation, being conned buying a car, a house...
In a way wisdom and relationships appear more important.
Does anybody agree ?
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
I can understand where you’re coming from if you’re referring to trendy/hot individual stocks that jump all over the place, but for diversified investing in an index, that’s simply not true.
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
>Don't fall for it. It's just rich people and politicians taking money from less rich people. How do rich people make money in the stock market if it's a "scam?" And how do politicians use the stock market to take money from anyone? (usually they use taxes to do this) What about index funds, which usually have proven returns and require no special knowledge?
Definitions:
scam (verb): to obtain (something, such as money) by a scam
scam (noun): a fraudulent or deceptive act or operation
together: to obtain (something, such as money) by a fraudulent or deceptive act or operation
Rich/powerful people obtain money and influence by fraudulent or deceptive operations, via the stock markets, from less powerful people, by convincing them that they should participate in said market, either as small investors or indirectly by having their banks, insurance, and pension invest into the stock market.
The rules, and conditions on the stock market are in such a way that they reward power and wealth with further power and wealth. E.g. being able to invest into better locations, infrastructure and connections for HFT, being able to hire better analysts and more mathematicians, invest into satellite data and machine learning to track cars in parking lots to estimate the results of earnings calls, pay lawyers and lobbyists to change influence politics and change laws.
I've been down-voted for years for saying this, but I am right. The stock market is a scam. Just like casinos in Las Vegas. The house wins more often than we do. 'You need to diversify' simply means 'Give us more of your money'. Don't fall for it. It's just rich people and politicians taking money from less rich people. If you want to double your money, fold it over and put it in your pocket (and buy real things that…
>Don't fall for it. It's just rich people and politicians taking money from less rich people. How do rich people make money in the stock market if it's a "scam?" And how do politicians use the stock market to take money from anyone? (usually they use taxes to do this) What about index funds, which usually have proven returns and require no special knowledge?
> And how do politicians use the stock market to take money from anyone?
Insider knowledge.
> How do rich people make money in the stock market if it's a "scam?"
They have an army of traders and their job is to buy and sell non stop, taking advantage of smaller players who think the game is fair, until a profit appears.
> What about index funds, which usually have proven returns and require no special knowledge?
Why don't everyone buy into index funds then (genuine question) ?