senior, old age, second childhood, sickness and death, ain't we got fun.

Monday, December 14, 2015

THE INNOCENT AND NOT SO SMART INVESTORS

somehow many people today have been brainwashed to believe that you can always make money by buying stock (lol).

i think part of this is due to the belief that people think that the collapsing stock market is a liberal plot.

an army officer i know thinks its a badge of honor to lose money in the stock market like he just failed to wipe out an isis battalion but had to retreat bravely - sure yawn.

they are losing money on what they were told was a sure thing (rising stock prices) but they went broke. must be those liberals. no wonder they're angry.. my grandparents in the 1920s knew it was a gamble. today's young crowd thinks the market is a sure thing. just split the stock ... ummm ... tear it in half and you'll make a lot of money.

in 1941 my grandfather while babysitting me took me up to a place where you could day trade for small amounts. we were there a short time. he told me to watch the old time lighted stock ticker display for X (us steel) while he presumably made his bet. we left later. he must have lost his money. he was always broke.

you don't think investors are stupid or something? or its just something to do?

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