Quote:
Originally Posted by ldjessee00
Stock Market is some kind of weird group gambling based on perceived value by a set of people who have a vested interest in the stock price moving up and down. Advisers make money when people move money around from one stock to another. If stock prices moved slowly and smoothly, less people would move their money around in stock, which means lower commissions for the Advisers...
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...which is why I'm always questioning the utility of the stock market. You get a 1-time capital boost for the company selling stock, and then an infinite amount of trade activity afterwards that produces nothing of value. So many people busying themselves to buy low and sell high, and all the associated infrastructure, to produce zero products or services.
I'm invested in an index fund, but I'm not entirely happy about it. I'd rather my money was being used to invest in something worthwhile other than (hopefully) increasing the numbers on my balance sheet.