In the News...
In other news:
First and foremost: the Star Trek theme has words!!!
Second, H and R block are running a con job!!!
Okay, my dad reads my blog and my dad could probably make more sense of this then I could. He after all, plays the stock market and all that. Even now I can imagine him, a ticker tape somewhere in sight; on the phone with a broker. In other words, my dad does the kind of shit that pretty much is required to make money in the market. Near as I can figure, this involves two integral activities:
1-paying attention to your stocks prices on an hourly (if not minute-by-minute) basis.
2-Selling or buying your stocks the moment that they reach the price you hope for.
If you are unable to do those things you might as well send your money to me. I'll open a savings account for you and extend you a line of credit. What do you say?
No?
Well, why then does it seem logical to anyone to put a lot of money into a group of stocks, that everyone assumes will do well (but no guarantees) to be sold off at your retirement. Fluidity is the necessary component of this system! Buying a stock and holding onto it for...oh I don't know...forty years seems like a good way to lose money.
So, how does anyone justify these kinds of stock purchases? Here's how. They don't sell people A stock; they sell them ten different stocks. One of them is bound to do well, right? Well, you'd be better off with someone who is willing to sink your money into the one stock that's doing well, dump it when it stops doing well, and reinvest. As Twain said, put all your eggs in one basket, and then WATCH THAT BASKET (from Puddin' Head Wilson). Now, I know what you're thinking, who has time to do such a thing? Well, if you're not retired, you might want to hire an investor to help manage your money, like say...H and R block. Why then did H and R block drop the ball on this?
Because big business is some lazy fuckers. They have one job to do, and they can't do it. They are only willing to buy ten stocks for you and then sit on them for forty years, and they are unwilling to micro manage the accounts for which they are responsible even though doing so would, in a sense, be like micro managing one gigantic account.
I'm not saying that these group stock purchases are a scam--they aren't. They pay, or fail to pay, like everything else in the market, but the way they are presented is a total con job. They are presented as if it were a foregone conclusion that they will pay out at a rate higher than the rate of inflation...not just for this year, but for every year up to the point when you retire. It doesn't work that way, the people peddling these things know that it doesn't work that way, and worse yet, they tell you that it works that way so that they need only pay attention to your money on a quarterly basis, rather than giving it their daily attention--which is what would be required to make these things pay off.
First and foremost: the Star Trek theme has words!!!
Second, H and R block are running a con job!!!
Okay, my dad reads my blog and my dad could probably make more sense of this then I could. He after all, plays the stock market and all that. Even now I can imagine him, a ticker tape somewhere in sight; on the phone with a broker. In other words, my dad does the kind of shit that pretty much is required to make money in the market. Near as I can figure, this involves two integral activities:
1-paying attention to your stocks prices on an hourly (if not minute-by-minute) basis.
2-Selling or buying your stocks the moment that they reach the price you hope for.
If you are unable to do those things you might as well send your money to me. I'll open a savings account for you and extend you a line of credit. What do you say?
No?
Well, why then does it seem logical to anyone to put a lot of money into a group of stocks, that everyone assumes will do well (but no guarantees) to be sold off at your retirement. Fluidity is the necessary component of this system! Buying a stock and holding onto it for...oh I don't know...forty years seems like a good way to lose money.
So, how does anyone justify these kinds of stock purchases? Here's how. They don't sell people A stock; they sell them ten different stocks. One of them is bound to do well, right? Well, you'd be better off with someone who is willing to sink your money into the one stock that's doing well, dump it when it stops doing well, and reinvest. As Twain said, put all your eggs in one basket, and then WATCH THAT BASKET (from Puddin' Head Wilson). Now, I know what you're thinking, who has time to do such a thing? Well, if you're not retired, you might want to hire an investor to help manage your money, like say...H and R block. Why then did H and R block drop the ball on this?
Because big business is some lazy fuckers. They have one job to do, and they can't do it. They are only willing to buy ten stocks for you and then sit on them for forty years, and they are unwilling to micro manage the accounts for which they are responsible even though doing so would, in a sense, be like micro managing one gigantic account.
I'm not saying that these group stock purchases are a scam--they aren't. They pay, or fail to pay, like everything else in the market, but the way they are presented is a total con job. They are presented as if it were a foregone conclusion that they will pay out at a rate higher than the rate of inflation...not just for this year, but for every year up to the point when you retire. It doesn't work that way, the people peddling these things know that it doesn't work that way, and worse yet, they tell you that it works that way so that they need only pay attention to your money on a quarterly basis, rather than giving it their daily attention--which is what would be required to make these things pay off.
posted by Monstro D. Whale at
8:31 AM
1 Comments:
You are once again underestimating the idiocy of today's normal submoron citizen. These are people who think stocks are essentially money that gets bigger the longer you have them. The more stocks you have, the better you are when they get big.
By this lack of intelligence or even some shred of tiny logic, 500,000 shares of stock from Wang Computers is better than 300 shares of stock in Hewlett Packard.
After all, Wang has "Computer" in their name. Computer good, make much money in future.
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