3 ms·
If you pay $100 extra once in your life for the gold iPhone, then Apple has probably cannibalized more of your retirement fund than HFT. Ballpark esitmate: dro
by yummyfajitas 11y ago
If you pay $100 extra once in your life for the gold iPhone, then Apple has probably cannibalized more of your retirement fund than HFT.
Ballpark esitmate: drop $20k/year into retirement (1 lot of SPY/year) x 1 penny/share being robbed from you x 50 year working career, you've lost $50 to the evil HFTs.
- crdoconnor 11y agoTABB group estimated HFT income to be $21 billion in 2009. That's about $65 for every man, woman and child in the US. Ballpark figure, of course.
- yummyfajitas 11y agoNot quite, that's a theoretical upper bound - it's spread x share volume. Compare that to Apple's actual profit last year of $39B. https://finance.yahoo.com/q/is?s=AAPL+Income+Statement&annual https://finance.yahoo.com/q/is?s=AAPL+Income+Statement&annua...
- crdoconnor 11y agoLosses due to burglary, by contrast, are around $5 billion a year. For comparison. Which is probably more relevant than AAPL's net profit.
- djyaz1200 11y agoTrue, more than the money it's the problem that all these super talented people are trying to relive Superman 3 instead of curing cancer.
- czinck 11y agoHave you found the cure for cancer and now you're wasting time while waiting for the FDA to approve it?