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Authored by: rcsteiner on Tuesday, March 12 2013 @ 01:09 PM EDT |
Loose investors lose investments. :-)
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-Rich Steiner >>>---> Mableton, GA USA
The Theorem Theorem: If If, Then Then.[ Reply to This | Parent | # ]
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Authored by: Anonymous on Tuesday, March 12 2013 @ 01:29 PM EDT |
More money than the casino isn't hard. Stuffing it in your mattress will do
that.[ Reply to This | Parent | # ]
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Authored by: Anonymous on Tuesday, March 12 2013 @ 06:02 PM EDT |
The primary difference between the two is that in the casino, everyone knows the
rules and the odds are relatively easy to calculate, so you can decide whether
to play with them or against them. On Wall Street, nobody has a clue what the
rules of the game are, nor how to even begin to calculate the odds. On top of
that, it's quite obvious that the analysts are mostly guessing when they try to
assign any event as the cause for a significant change of direction or value in
any of the indexes. So how can you decide anything? The only similarity is the
house takes their cut off the top in both places, so they win no matter what
anybody else does. You're just gambling in both places.
Have you looked at the adds for the "discount" brokers lately? They're
all pushing some analysis package that charts out past performance, but nothing
that attempts to predict the future performance. I actually think it's a crime
that every retirement program, except the governments', have to use stocks as
their basic investment tool. I can only hope my 401K survives me and my wife.
[ Reply to This | Parent | # ]
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