General Discussion

GreatGazoo

(4,695 posts)

4. The Stock market is a shell game

Tue Nov 18, 2014, 05:12 PM

Nov 2014

Let's look at the DOW. They tell you to "buy and hold" but the DOW regularly dumps stocks that have peaked. Here are stocks that were dumped by the DOW and replaced with winners over the last 20 years:

Kodak (2004)
Woolworth
Hewlett Packard
Citgroup (dumped in 2009)
Altria
Honeywell

Bank of America gets add in 2008 and dumped in 2013.

Personally I would focus more on Standard of Living rather than "wealth distribution." The SOL has been in decline in the US since 1968. The rate of decline has picked up in recent years. Gambling in a rigged game is not the answer.

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Anyone wanna take a break from Ferguson and shoot down this FB post? [View all] LaydeeBug Nov 2014 OP

This 401K crap is like the RW Personal Retirement Account & Medical Savings Account movements. NYC_SKP Nov 2014 #1

Mom never did get hers back. KamaAina Nov 2014 #2

My "savings" were in my home, which went almost upside down, and my AIG plan. NYC_SKP Nov 2014 #6

Well, she did marry a retired corporate attorney KamaAina Nov 2014 #7

What you describe is market timing by wealth investors brush Nov 2014 #3

The Stock market is a shell game GreatGazoo Nov 2014 #4

My Apple Stock is up 60% in the past year... brooklynite Nov 2014 #8

yes. I put my father in Apple when the stock was $10 (2001) GreatGazoo Nov 2014 #9

The Union pension funds are all in the stock market... brooklynite Nov 2014 #10

This all great stuff guys, and I really do appreciate it. nt LaydeeBug Nov 2014 #5