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WarGamer

(15,513 posts)

32. I'll go a step further.

Reply to onenote (Reply #30)

Mon Jan 16, 2023, 06:44 PM

Jan 2023

Even if you own ZERO stocks but live in California, let's say...

If the market is way down that year, the State can't properly fund CLSTR/CLPRS without raiding the State budget.

And that might result in lower State benefits elsewhere, increased taxes/fees.

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42 replies

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why is the stock market so important? [View all] AllaN01Bear Jan 2023 OP

Important to me because I put my retirement money in an investment account Walleye Jan 2023 #1

Because millions & millions of ordinary people have their retirement savings invested in it ? MichMan Jan 2023 #2

Because more than 140 million americans own stock? onenote Jan 2023 #3

... Faux pas Jan 2023 #4

Well, you're not wrong in regards to many penny stocks True Dough Jan 2023 #5

It's Faux pas Jan 2023 #18

Not all at all. Disaffected Jan 2023 #22

Greed True Dough Jan 2023 #34

How is it "a scam"? brooklynite Jan 2023 #6

But it would be silly to ignore the fact that electronic trading has created a Scrivener7 Jan 2023 #9

Small trader, yes; small investor, not really FreeJoe Jan 2023 #23

I DON'T do "high frequency trading" and our returns have been excellent brooklynite Jan 2023 #25

Yeah, I do fine too. But the stock market is not what it purports to be. Scrivener7 Jan 2023 #28

"only sensible because they are allowed to be by those who hold the reins. " brooklynite Jan 2023 #29

Game Stop was fun because it reversed the process, revealed it in all its Scrivener7 Jan 2023 #33

I'm not an economist but I think it would be better if LT Barclay Jan 2023 #13

Agree CountAllVotes Jan 2023 #10

Thank you! Faux pas Jan 2023 #17

Who's requiring you to use a "wealth management advisor"? brooklynite Jan 2023 #26

I've been a self-directed investor for more than 15 years True Dough Jan 2023 #35

I had an IRA that was in the stock market for a few years CountAllVotes Jan 2023 #38

Like it or not, it is how we finance most of our largest corporations... Wounded Bear Jan 2023 #7

YES! Faux pas Jan 2023 #16

because it determines the value of capital DBoon Jan 2023 #8

We are a market economy. NutmegYankee Jan 2023 #11

Well, kinda, IMO, we are a post-industrial Financials Market Economy. Model35mech Jan 2023 #14

It's necessary Elessar Zappa Jan 2023 #12

This! ProfessorGAC Jan 2023 #15

I'm not sure the ratio of re-sale stocks to primary offerings supports that Model35mech Jan 2023 #19

Imagine if you had to go to a farm to buy carrots. mathematic Jan 2023 #20

Because, like millions of others, I work for a company that is listed on the stock exchange. tinrobot Jan 2023 #21

So that gamblers can play legally and not have to work for a living and add value to society. usonian Jan 2023 #24

I don't gamble, and I worked for a living for 36 years and I invest in the market. brooklynite Jan 2023 #27

I work for a living thank you very much onenote Jan 2023 #30

I'll go a step further. WarGamer Jan 2023 #32

Many good answers below. WarGamer Jan 2023 #31

You could keep your money under your mattress True Dough Jan 2023 #36

Because it's the best indicator of the condition of billionaires assets. Lancero Jan 2023 #37

145 million American adults are invested in the stock market. They're not all billionaires. onenote Jan 2023 #39

And what percentage, pray tell, do these millions of Americans control? Lancero Jan 2023 #40

Yes, AA ownership of stock is less than white ownership. But a sizable % of AA families own stock onenote Jan 2023 #41

Pension funds. kairos12 Jan 2023 #42