[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 32 KB, 576x566, 918.jpg [View same] [iqdb] [saucenao] [google]
12181732 No.12181732 [Reply] [Original]

Like I'm a normal /pol tard here and after having several debates with my friends.I wanna ask does the stock market offer something to the middle class man or is it just a scam by rich people for rich people?Like has anyone here actually gotten rich from it?And for those of you who play it on a regular basis how much money have you spent in it and how much have you won/lost?

>> No.12181791

>>12181732
All you need to know is this:
>Stock market is supported by wagecuck retirement funds
>Wagecucks have full confidence in retirement fund managers
>Retirement fund managers have no incentive to make their clients money
>Retirement fund managers get paid fees, regardless of client portfolio performance.
>Retirement fund manager are delusional and believe in perpetual market growth
In the end, no one gives a fuck and just blindly believes the markets will rise forever.

>> No.12181884

>>12181791
interesting any places/sources where I can read about this in greater detail?

>> No.12181980

it's a ponzi scheme

>> No.12182015

>>12181732
It's a way of transferring wealth from the impatient to the patient. It's about the long game, and your asking a bunch of impatient autistic manchildren who will tell you it's a scam. But it's not. You just have to be patient. You're not going to get rich quick with it but you can make a ton of money if you're in for the long term

>> No.12182023

>>12181732
Genuinely seems like a ponzi.
>here you go goy, the money you earned is in our stock, you own 0.000001% of the company! maybe someone will buy that from you for more money one day before we close up shop

>> No.12182082

>>12182015
yes and no. the unspoken premise of what you're saying is that there is a capacity for infinite growth at x% yearly, leading to a compounding growth in the money stored in the markets. the underlying theory is somewhat true to a degree, however there are limits to growth in a finite world. just because this has been the case in the past does not mean it will continue on into the future. I'm not here to debate so don't even bother responding.

for your viewing pleasure:
https://www.youtube.com/watch?v=VOMWzjrRiBg

>> No.12182179
File: 1.44 MB, 300x289, IOKL.gif [View same] [iqdb] [saucenao] [google]
12182179

>>12181791
>be me in the end of November
>be TA fag
>see the dow is forming double top
>call fidelity and ask to pull money from retirement plan
>they wont allow, say I must not work two weeks
>ask boss if he can let me go for two weeks and rehire me, he agrees since he's my dads friend
>I pulled the money from the fund
>now the market is crashing and I'm not losing
>later I'll just buy blue chips at a good discount when the market starts recovering and pull the money when I need

>> No.12182452
File: 366 KB, 750x563, 593af2ddbf76bb47028b4c5d-750-563.png [View same] [iqdb] [saucenao] [google]
12182452

>>12182082
based and redpilled

>> No.12182552

>>12181791
The Market will grow perpetually if you believe humanity will continue to flourish. It at least in theory grow with the growth of GDP in the world. Take any span of 20 years and the markets are better at the end of those years.

I believe that the Markets as is though are over valued because of an artificial stimulus and will crash in 1 to 2 years, but 5 years after that it will probably be worth more then it is now.

>> No.12182590

>>12182015
And by then you've waited too long for it to be useful. Topkek. The story of life.