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Member Since: Sat May 17, 2008
In Reply To
The Mandarin

Member Since: Sat May 17, 2008
Posts: 7,232
Subj: Re: So the stock market
Posted: Sun Jul 10, 2022 at 11:24:32 pm EDT (Viewed 175 times)
Reply Subj: So the stock market
Posted: Sun Jul 10, 2022 at 05:19:05 pm EDT (Viewed 206 times)

    What are your thoughts about the stock market? Do you fear it? Does it excite you? Do you think it is under-regulated? Over-regulated? The nation's economic heartsblood? A nest of vipers? A way to build wealth? A pyramid scheme?

The stock market is mostly a way for the rich to get richer, and I have made a lot of money from it myself. So it is also a way to build wealth. Most retirement savings depend on the stock market. I neither fear it nor does it excite me. I do think it is under-regulated, especially when it comes to hedge funds. The economy is tied to the stock market unfortunately and huge drops in the stock market can affect the overall economy. It is not a pyramid scheme, but more like a complex gambling house. If you know what you're doing though, you will most likely win in the long term, unlike in most casinos.

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