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I'm not saying that $5000 didn't go anywhere... About one percent of it was eaten by fees and the rest probably went to make another wager. It almost certainly
by jtbigwoo 16y ago
I'm not saying that $5000 didn't go anywhere... About one percent of it was eaten by fees and the rest probably went to make another wager. It almost certainly did not go into anything resembling capital investment as the OP suggests.
I'm not attacking the market system, merely pointing out that the post-IPO "capital" market for a stock does not produce any capital investment but is rather a means for trading wagers on the performance of the underlying company.
Real capital investment is mostly financed by bonds (including government bonds, which the OP appears to dislike.)