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mitty14u2

(1,015 posts)
Thu Jan 3, 2019, 08:12 PM Jan 2019

DOW -660 Enough Trump is a GOP Disaster 4 Pure Greed World Glad Trump only 4 Years


First of all, no one should have their savings in the stock market. I do Options and have earned 3x my losses this year in stocks by playing the volatility indexes on our brokerage accounts (kind of like a hobby that pays well). So, it's pure gambling.To us, when we flip real estate, we buy low on liens, fix up, and sell. This is even better than sports gambling that is now legal in RI or casinos.

Same is true with stocks, get depressed ones like AMSC, and sell high. this stock was almost $500 a share one time but picked it up for pennies on the dollar, like $3 a share and the return is now over 3x!

To me, the stock market is one gigantic ponzi scheme where most companies are 20 to 100x earnings, so it's shorting and pulling out after a 20% to 40% gain. No one should have, as they keep saying, no more than 10% of your net worth in the stock market.

https://community.aarp.org/t5/Politics-Current-Events/TRUMP-IS-KILLING-THE-STOCK-MARKET/td-p/1967340
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