Posted on 04/10/2015 3:31:42 PM PDT by Red in Blue PA
More American adults drink coffee daily than have money invested in the stock market.
Less than half, or 48%, of American adults have money in stocks, according to Bankrate's Money Pulse survey. Compared to that, about 61% of adults have at least a cup of coffee daily, according to the latest National Coffee Drinking Trends.
(Excerpt) Read more at money.cnn.com ...
That would stand to reason with 60-70% of the volume HFT churning...
So what you’re saying is that Obama has been good for the economy.
Playing the stock market isn’t like playing the lottery.
The lottery isn’t rigged.
I'm actually surprised it's as high as 48%.
It appears about 60% of American’s have figured out Wall St. is totally 100% manipulated by corrupt insiders and those with extreme wealth. The same exact one’s that can take a big financial hit and still go on those Learjet vacations. While other insiders know what’s coming and quietly and quickly switch the deck.
Maybe they should be forced to play the stock market charade? The more in, the more there is to be looted. A win win for the insiders.
I’m one of those people who have $0 in actual direct ownership of stock shares but most of my retirement savings in mutual funds of some sort.
There is one key difference between owning stock and owning mutual fund shares that bothers me though. While I benefit about as much financially as if I owned individual stock shares, mutual funds give me zero say in the management of any company. The voting power of my stock is in the hands of a faceless mutual fund manager.
Do I own stock in companies that are shipping jobs overseas? Probably. But my mutual fund manager has a fiduciary responsibility to maximize short term profits, even if I would prefer that there be jobs here in the U.S. when my children grow to working age.
Do I indirectly own stock in one of the companies that recently bullied my birth state of Indiana? Probably. But my mutual fund manager holds the proxy votes, not me.
Do I indirectly own stock in many of the MSM companies that lie on behalf of Obama on a daily basis? Probably. But again I have no say in corporate governance.
I honestly don’t know what to do about this problem. Mutual funds are a two edged sword. They convey the financial benefits of stock ownership to people who don’t have the time, expertise, or quantity of capital to effectively invest in individual stocks. But they concentrate corporate governance in the hands of a faceless manager class.
Or that got their asses handed to them during the meltdown...like me.
I don't care that it earns nothing -- cash is it for me.
Right on. I chose to stick with half of my retirement fund right up to my retirement last November and I made a third of a million. Since the risk was high I chose at retirement to invest a half million in an annuity, which is practically guaranteed to retain at least it’s base value for the rest of our lives.
Young people who can survive a stock market reversal after a few bad years would be crazy not to be investing in equities today.
TC
They are indeed.
Haha ...
And we should refuse to participate on principle?
stocks are so overrated - right now the Obama Administration has propped up the stock market so some believe the uS economy is going great. in actuality the Us is on the brink of financial collapse
Profits regardless of consequences, is a huge factor in the decline of America. They can do that without my help.
Your problem is similar to those of the conservative taxpayer, forced to pay for abortion, providing Iran with safe passage to having nuclear bombs, Øbamaphones, hospitals-schools-welfare for criminaliens, and all the programs for gibsmedats.
Certain companies can succeed in any environment. They adapt just like humans.
When possible, I refuse to be part of it or a contributor to it.
“the same half that have $0 in savings”
The same half that is on the dole ...
Yeah my mother took a tax hit on pulling her 401K early but she was able to buy her house.
The 20 odd percent in penalties from taking the money early was a heck of a lot better than the 40% loss many in her situation took. She was a year away from retirement when she needed career ending back surgery that couldn’t wait.
As far as the perpetually self Righteous are concerned, they aren’t even coherent. One minute they complain about Obama destroying the economy, the next minute they’re bragging about how well they’re doing, and in the next minute they’re beating up on people being poor.
Personally I prefer to be flat broke in a house I own free and clear to having money on paper that can disappear living in a house that will disappear with the phantom money.
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