Why duznt everybody just sit on tha beach and trade stocks?

the mechanic

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Its been tried before..every time the economy crashes because no one is actually creating anything of value
 

Mr swag

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Imma invest 1,000 in Bank of America come this Tuesday

It's at 12 dollars a share and will only go up


I missed Citigroup at 2 dollars a share cuz I was broke and its at 40 dollars a share now. I would have made 14,000. I won't miss out with Bank of America
 
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I'm not trollin bro

1. The system is rigged. They make money by selling to the masses. That is why they need 401k, more fools to take money from. :smugbiden:

2. There is always a loser. If I think a stock will go down and I sell, I am selling someone future losses if I am right. If I am wrong then I am the loser in this situation. This is just a great way to steal money for the intelligent.

3. The big investment houses are employing math geniuses to create computer programs with algorithms that will try to anticipate and squeeze 1 cent gains of off stock increases.

4. If it were easy everyone would be doing it. Once you gain and lose $10,000, like someone I know, you have officially crossed over into a gambling addiction. Slow and steady wins the race.
 

feelosofer

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1. Because if you don't know what you're doing, you can lose thousands, if not tens of thousand (I've done both)

2. There are slow and steady stocks but they are already fairly expensive and the gains are minimal, the venture capitalists are the ones who make the real money and there only a few with the skills to pull that off.

3. You need capital to play the game right and few Americans have that type of disposable income.
 

BlvdBrawler

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Imma invest 1,000 in Bank of America come this Tuesday

It's at 12 dollars a share and will only go up


I missed Citigroup at 2 dollars a share cuz I was broke and its at 40 dollars a share now. I would have made 14,000. I won't miss out with Bank of America


Don't buy B of A. It will be back down to $4.00 in 6 months. Buy it then.

You didn't miss anything with Citigroup, that stock did a reverse-split.
 

BlvdBrawler

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:merchant: what's about to happen?

:manny: I dunno breh but that's been the cycle for the last 3 years. The company is fundamentally good, but we're crazy over-employed and we basically suck at life. Plus right now is a bad time to get into the market, everything has been on a major upswing since November. Prices are inflated, there's not much room left to grow right now. My opinion only.
 

Mr swag

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:manny: I dunno breh but that's been the cycle for the last 3 years. The company is fundamentally good, but we're crazy over-employed and we basically suck at life. Plus right now is a bad time to get into the market, everything has been on a major upswing since November. Prices are inflated, there's not much room left to grow right now. My opinion only.

Yea I heard it was gonna collapse soon from the federal reserve head in NY
 
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