More importantly, however, how does one use it to turn money into more money?
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The logic train ran off the tracks when Pvednes said:
Ahh, so the gambling aspect again...
You're gambling on what you think that other people will think this company is worth in a period of time. The actual value of a company technically doesn't really have much bearing on the stock price
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Naimah stopped beating up furries long enough to write:
Unless you day trade, then you really are just gambling.
Better than buying a lottery ticket once a week.
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How.... Pvednes.... uughhhhhh:
Better than buying a lottery ticket once a week.
But much more damaging if you don't come out on top.
Something not mentioned yet is that high-percentage shareholders gain a voice within the running of the company, a way to try an ensure it is run in a way they think will send the value of their part through the roof.
It's not something people hear about.
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Naimah came out of the closet to say:
Unless you day trade, then you really are just gambling.
Day Trading is gambling. Long term investing in reputable companies and/or mutual funds is not. The stock markets have never ended up lower over any given 20 year span. Ever. Drysart fucked around with this message on 05-21-2004 at 07:47 PM.
He turned the 27 dollars(and a full tank of gas!) he had left over after being cut from a pro football team into a sizable amount(a few hundred thousand) before becoming a wrestler.
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Snoota impressed everyone with:
You're going to blow it off because it's written by a professional Wrestler, but check out John Bradshaw's book if you ever get a chance. He's a financial advisor on three weekly TV shows(two on CNBC, and one on Fox) and now has his own radio show and his book, despite it's stupid cliche name, explains the stock market and investing in terms so simple even a... well, professional wrestler could understand.He turned the 27 dollars(and a full tank of gas!) he had left over after being cut from a pro football team into a sizable amount(a few hundred thousand) before becoming a wrestler.
I shall look into it, should I see it on the bookstore shelves. And that's damn impressive.
