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Sadly, insider trading is pervasive on wall street. You don't read about the guys that don't get caught, and there are a lot of them. Remember, if you can't spo
by raisincakes 11y ago
Sadly, insider trading is pervasive on wall street. You don't read about the guys that don't get caught, and there are a lot of them. Remember, if you can't spot the sucker at the table, you're the sucker. That's why I keep my money far away from the stock market except for index funds.
- kasey_junk 11y agoIf you believe that the entirety of the market is rigged, what possible reason is there to make an exception for index funds?
- raisincakes 11y agoBecause individual stocks can be rigged in either direction (for or against your position), but at the level of sector or index funds all of that activity balances out.
- bbcbasic 11y ago> That's why I keep my money far away from the stock market except for index funds. I think the sucker at the table is the amateur day trader who thinks they can out-smart the market, but really they are gambling. On the other hand spotting an undervalued stock and buying it and holding for the long term, especially with a portfolio to protect you isn't too suckerish and should be quite immune from whatever the insider traders and high frequency algo guys are doing.