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Stocks Up $1T Since October

bloomberg.com

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Re: Stocks Up $1T Since October

#11

Post by WalterBright »

drewblaisdell wrote: post #8
treelovinhippie wrote: post #2

[flagged]

You are being downvoted but I think this point is important: increasing stock prices disproportionately benefit the wealthy and widen the gap between rich and poor. edit: and now I am being downvoted for merely pointing this out.

Much of the wealthy got that way by investing in stocks to begin with. If you don't invest in stocks, you won't benefit from a rising market. Why not do the obvious, and start investing yourself?

Don't invest in lottery tickets, which are mathematically a losing game.

Re: Stocks Up $1T Since October

#12

Post by pacyu »

>who is buying these stocks? It’s not individuals. It’s not even pension funds. It’s not the private sector. Almost all the stock purchases are being bought back by corporations in share buyback programs. In other words, companies are buying their own stocks in order to push up the price

stocks keep going up while only a minority benefits and not much is returned into actual growth http://michael-hudson.com/2017/08/stock-on-trumponomics/

Re: Stocks Up $1T Since October

#13

Post by WalterBright »

jjeaff wrote: post #10
WalterBright wrote: post #5

Earlier quoted context omitted.

Any adult in America can buy stock and participate. At Robinhood.com, you can buy fractional shares for as little as $1 and no commission on the trade. No, I'm not a robinhood user nor do I own stock in robinhood. It's just an example of how it is never been easier for any American to invest in stocks.

Just spitballing here, but I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.

You can start investing in stocks for as little as $1. Lack of funds is not the problem.

Re: Stocks Up $1T Since October

#14

Post by hdxhysyeh »

drewblaisdell wrote: post #8
treelovinhippie wrote: post #2

[flagged]

You are being downvoted but I think this point is important: increasing stock prices disproportionately benefit the wealthy and widen the gap between rich and poor. edit: and now I am being downvoted for merely pointing this out.

So what if the rich are getting richer too? Are you suggesting that the poor would be better off without access to stocks or that we should ban stock trading because the poor can't invest as much? They still see a return on their investments and receive a better return than they would from keeping the money in their bank account.

Re: Stocks Up $1T Since October

#15

Post by ipsum2 »

treelovinhippie wrote: post #2

[flagged]

How many Americans have a 401k, retirement accounts, or pension funds? I'm having trouble finding concrete numbers, but it seems to be around 40-60% averaging the sources I came across. In addition, most people reading Hacker News probably work at large public tech companies and own stock in them, so this news is relevant to them.

Re: Stocks Up $1T Since October

#16

Post by ThrowawayR2 »

jjeaff wrote: post #10
WalterBright wrote: post #5

Earlier quoted context omitted.

Any adult in America can buy stock and participate. At Robinhood.com, you can buy fractional shares for as little as $1 and no commission on the trade. No, I'm not a robinhood user nor do I own stock in robinhood. It's just an example of how it is never been easier for any American to invest in stocks.

Just spitballing here, but I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.

"The poorest third of households buy half of all lotto tickets, according to a Duke University study in the 1980s, in part because lotteries are advertised most aggressively in poorer neighborhoods."

https://www.theatlantic.com/business/archive/2015/05/lotteri...

[EDIT] It's not an insignificant amount either: half of $70 billion. From the same article:

"According to the North American Association of State and Provincial Lotteries, lotteries took in $70.1 billion in sales in the 2014 fiscal year. That’s more than Americans in all 50 states spent on sports tickets, books, video games, movie tickets, and recorded music sales."

Re: Stocks Up $1T Since October

#17

Post by nitrogen »

WalterBright wrote: post #13
jjeaff wrote: post #10

Earlier quoted context omitted.

Just spitballing here, but I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.

You can start investing in stocks for as little as $1. Lack of funds is not the problem.

If I only have $2, why would I put $1 in stocks when I could put all $2 in food?

Re: Stocks Up $1T Since October

#18

Post by xyzzyz »

jjeaff wrote: post #10
WalterBright wrote: post #5

Earlier quoted context omitted.

Any adult in America can buy stock and participate. At Robinhood.com, you can buy fractional shares for as little as $1 and no commission on the trade. No, I'm not a robinhood user nor do I own stock in robinhood. It's just an example of how it is never been easier for any American to invest in stocks.

Just spitballing here, but I'm thinking the bottom 90% doesn't own much stock due to lack of funds. Not because they don't know how or because transaction fees are too high.

People making $180k a year lack funds to buy stocks? Yeah, that’s a no from me.

Re: Stocks Up $1T Since October

#19

Post by tempsy »

Never talk about stocks on HN. You will be downvoted by people who missed out on the 10 year bull market and desperately trying to justify their mistake by saying its a rigged scam that is akin to playing roulette at a casino.
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