The point of the market is to dump your shares to the bigger fool and anyone who invests their money in it know that the system is a fraud. Assuming you don't have hundreds of thousands of dollars that you're willing to lose, your net return is not worth the risk of your loss. Forget about paying your child's college outragous $40,000/yr college tuition, you would be lucky to keep up with inflation.
Ten Points for capitalism, the stock market truly is an efficient system…at screwing people. For the cash I spend to buy shares of Wal-Mart, I could go to Taiwan and buy myself three sweatshop kids to make me cheap stuff first hand, literally. If you’re not up for exploiting Taiwan labor, you’re a communist. Trading stocks of companies that exploit cheap Taiwan labor makes you a coward.
I was playing with my cash at the stock exchange for the last couple of months, so far, I'm up a unbelivable 37%, am I happy? No. It was obviously fake money.
Here are three simple questions to determine what you should do as an investor.
- You are a risk taker with exceptional talent in mathematics can predict human behavior
- You are very lucky
- You have illegal insider information on corporations
If you answered yes to number 1 and/or 2, the answer is quite simple: get the hell out of stock trading and buy into a good mutual fund where they can care for your special needs. Monkeys can pick stocks as well as any stock analyst, proven fact, look it up.
Investing in the US and A
In his 2005 State of the Union Address, President Bush, highlighted the idea of privatizing social security, which would allow a portion of individual income to go into the stock market. This plan however, fractures more easily than fossilized crap.
The United States taxes regressively, the more you make the less you pay. For example, this website generates an average of $1 a day (it's really more like $0.25), while a friend of mine makes $1,000 a day. If I buy a bottle of Uncle Sam’s Propaganda-Punch-in-the-Face for $1, the 6% sales tax represents 6% of my daily income but only 0.006% of my friend’s. Though I sleep well at night knowing that I pay back such a high percentage of my income to society, I can't help but wonder whether I'm getting a bad deal.
No matter what The Wealth of Nations claim, capitalism is a win-lose game. Unless you are an US Senator, you will not beat the market by 12% annually (New Yorker 2005-10-31). The odds of beating the market long term is decent, but don’t kid yourself into thinking there won’t be a large group of elderly whose investments will get screwed worse than Dick Cheney’s lesbian daughter.
Final Words of Wisdom
To the low capital investor, invest what you’re willing to lose, capitalism is best at taking the little guy's money.
The "stockster" team (little white guy, fat white guy and black guy), those are bullshitters who probably snuck into someone's company to take the photo.
Don’t fall for scammers like thestockster.com. These are pumpers who ride a stock up like a cheap whore and then sell them faster than europeans give small pox blankets.
Finally, don't fall for those fat guys on tv telling you to come to their stock seminars...scam.
"Hello, suicide hotline?"
