I don't understand why people keep saying they want more regulation in the stock market. Nobody forces you to invest your money in these companies. If you don't trust a company and it's management then simply don't invest in it. If more people were diligent about their investments then the hedgy goons and CEO's wouldn't be able to rob people blind but people just throw their money in a 401k and have no idea who they are investing in. The people on Wall Street have no sympathy for the 99% because they know it's 100% their fault for not watching their money. Nobody watches your money like you. If you have money in the market you NEED to understand fundamental analysis. If you don't understand the fundamentals of a company then you're a fool for giving them your money.
Is agree, except people don't know to expect they are gambling. People are just trying to live their lives; do all the things they do right. Have kids, believe in god, give the homeless guy a dollar and feel good about it. Recycle.
They went to school for majors in marketing, social science, or poly sic. Maybe the are liberal arts and have no clue about the stock market.
BUT!! Social Security won't be there for you. It's 6.75 percent (I think) of your paycheck. You foam at the mouth thinking you could use the money. You know to feed your kid. And IT WON'T BE THERE FOR YOU!! So you slave at funding a 401k. You hear things about start young, you need to save for retirement. You have no idea why a company is better than another, so you follow what your job offers and you diversify, because every idiot talks about diversifying and how stupid you are if you don't. So you pick three funds and you think you are doing the things you do right.
Then someone like you comes along and blames them for trying their best.
But no you need to buy books and read all night about investing and how to pick winners. But really guy. I had a hunch and bought a bunch of apple. It's more than doubled. But I've made huge mistakes too. So you tell me. What's a good investment. Where's the next winner. Cause I want to take my .49 and that's all I have and I want to do the right things and save for retirement. You know?? But everyone seems like they are selling something and I can't afford to make mistakes. This is all I have. But social security WON'T BE THERE!! So I have to take care of my family. I need to invest. But in what. So I call my holding company, Schwab and talk to those idiots. I know the last time they fucked me hard, but they didn't mean it.
I'm sure the next investing idea they have is better. I mean I don't know more than they do. I gotta get back to work moving the small thing over by the big ones and have to pick my kids up after school, but I'll watch Cramer when I get home. I just like that guy. He'll help me. I follow his investments. I lost money the last time, but he can't be right all the time. I'm sure this time it will be a winner. I mean I could just not do anything, but you're not saving for retirement????
Just not looking like I can take care of myself. Just gonna have to work longer I guess. I hears they are laying people off. Jerry was 57. I heard he shot himself after. Man I hope thats not me. Bless the American Dream.
Dumb ass idiots. IMHO.
Just tell them it's a casino and you are gambling. Then if they still give you their money, then you can call them what you want. But if you let your broker place your order first before he places everyone else and you miss out, it not because that should be illegal, it's because you think you have friends in people that laugh at your stupid ass.