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What does this mean?
We were going back and forth about stocks and then he responds: “For your information...I know many friends that have lost more than 100,000 before. You can’t always account for things like the dot com bubble.”
What does he mean by that?
- 2 months ago
What he means is the simple mathematics finally rules. For every buyer who thinks it's a good buy there is a seller who thinks it's a good sell. The Dot-Com bubble was because everyone believed that income no longer means anything to corporations. BS, that is the only reason they are in business. The Housing Crash of 2009 was because people said it wasn't fair that people who don't pay their bills can't buy houses. Well they didn't pay their mortgages and that's what happened. Also it is simple logic that if salaries go up 3% per year and house prices go up 10% per year, eventually the mortgage will exceed the net incomes of buyers.
- ignoramusLv 72 months ago
In short, dealing in stocks and shares is no more than a gamble; they can go up and down at a moment's notice without warning. If you know what you are doing you have a chance of winning the gamble. Most people do not know what they are doing and get taken to the cleaners.
- yLv 72 months ago
Many, millions in my age group actually, lost everything, much more then 100 thou. Things happen that are out of our control. Even when illegal things, like brokerage houses or those who handled ones investment funds does illegal things. The feds, as they did under Obama, do not go after them, do not make them pay restitution, hell they don;t even charge them.