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(Marketwatch)   Get ready for the next bull market   (marketwatch.com) divider line 6
    More: Obvious, bear markets, countries by natural gas production, Chesapeake Energy, short position, American Resource Boom Letter  
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1603 clicks; posted to Business » on 06 Apr 2013 at 11:20 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-06 01:28:40 PM
2 votes:

DarkSoulNoHope: Does this mean that the poor and middle class are going to get a bigger share of the pot? No. Just the opposite? Well then I just don't give a fark about the market then. Call me back when this helps me and other people who aren't insanely wealthy.


When the market crashed in 2009 I took some of my savings and opened an IRA through Scottrade. Bought some obvious things that weren't going to go anywhere in the long run. GE, Ford, Bank of America. Put $2000 in it. It's worth almost $60,000 today and I've only put another $10,000 or so of my own money into it. My 401k through work is also worth several times what I've actually put into it despite tanking between '08 and early last year.

But you just keep whining about rich people. That'll probably accomplish a lot too.
2013-04-06 12:41:48 PM
2 votes:
Does this mean that the poor and middle class are going to get a bigger share of the pot? No. Just the opposite? Well then I just don't give a fark about the market then. Call me back when this helps me and other people who aren't insanely wealthy.
2013-04-06 10:22:16 PM
1 votes:

skozlaw: Also, nobody honest and intelligent thinks that the market isn't unfairly biased toward the wealthy, but that's life.


Why is that life?

I mean, I just don't get people looking at a completely man made system (poorly made, at that), and go "eh, that's just the way it is" instead of "how do we fix this?"

Or, right, because the gamed system is benefiting them.  Why fix it?
2013-04-06 06:54:36 PM
1 votes:

DarkSoulNoHope: That's still not a valid response to the factual points that I made.


images1.wikia.nocookie.net

DarkSoulNoHope: But also, what did you expect from a person with a screen name of "DarkSoulNoHope"? Tulips and fluffy bunnies?! :-D


There's a difference between cynicism and stupidity. Also, nobody honest and intelligent thinks that the market isn't unfairly biased toward the wealthy, but that's life. If you didn't shoot out of a silver-lined vagina onto a pile of woven, golden hay you're missing a lot more opportunities than just those that benefit investors.

Doesn't mean you can't participate and succeed anyway. I don't expect to ever become wealthy with my investing, but I'm not going to sit idly by and let myself get poorer either when a modest profit can be made with a few simple, common-sense investments and a little extra effort.
2013-04-06 03:14:58 PM
1 votes:

DarkSoulNoHope: skozlaw: DarkSoulNoHope: Does this mean that the poor and middle class are going to get a bigger share of the pot? No. Just the opposite? Well then I just don't give a fark about the market then. Call me back when this helps me and other people who aren't insanely wealthy.

When the market crashed in 2009 I took some of my savings and opened an IRA through Scottrade. Bought some obvious things that weren't going to go anywhere in the long run. GE, Ford, Bank of America. Put $2000 in it. It's worth almost $60,000 today and I've only put another $10,000 or so of my own money into it. My 401k through work is also worth several times what I've actually put into it despite tanking between '08 and early last year.

But you just keep whining about rich people. That'll probably accomplish a lot too.

I am *so* glad you got wealthier with investing in: A company that makes huge profits but uses creative accounting schemes to pay no taxes and get large tax refunds, a company that only up until recently learned to stop making substandard cars (would have been bankrupt too if the auto industry bailout didn't save their shipping services, since those services rely on the other American companies to stay in business by shipping volume), and a company that along with Chase Bank, Wachovia, and a few other actors nearly destroyed the United States economy if it wasn't for a taxpayer bailout that has done nothing but benefit the executives who gave themselves a pat on the back bonus and holding on to those taxpayer funds which they don't lend out (the intent of the taxpayer bailout was to get banks to lend again, that never happened, multimillion dollar bonuses are all that occurred by those executive decisions).


Why do you hate capitalism?
2013-04-06 02:15:58 PM
1 votes:

skozlaw: DarkSoulNoHope: Does this mean that the poor and middle class are going to get a bigger share of the pot? No. Just the opposite? Well then I just don't give a fark about the market then. Call me back when this helps me and other people who aren't insanely wealthy.

When the market crashed in 2009 I took some of my savings and opened an IRA through Scottrade. Bought some obvious things that weren't going to go anywhere in the long run. GE, Ford, Bank of America. Put $2000 in it. It's worth almost $60,000 today and I've only put another $10,000 or so of my own money into it. My 401k through work is also worth several times what I've actually put into it despite tanking between '08 and early last year.

But you just keep whining about rich people. That'll probably accomplish a lot too.


I just started my 401k in late 2007, so the crash was great for me. It was like a Blue Light special on Blue Chips.
 
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