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Just throwing this out there... Why not a simple rule to require all shares to be held for at least 24 hours before selling? It would certainly change the game
by lr 6y ago
Just throwing this out there... Why not a simple rule to require all shares to be held for at least 24 hours before selling? It would certainly change the game in every way imaginable.
- kumarvvr 6y agoHundreds of companies will lose revenue from commissions / fees of transactions.
- deleted 6y ago[deleted]
- codeulike 6y agoIt would but powerful vested interests would probably fight it tooth and nail. See https://en.wikipedia.org/wiki/Tobin_tax https://en.wikipedia.org/wiki/Tobin_tax
- eru 6y agoNot just powerful vested interests. Anyone who knows anything about economics knows that transaction taxes are bad for efficiency etc. Tax wealth for all I care. But don't tax transactions. (Btw taxing transactions would actually make financial speculation more profitable. Because bid/ask spreads would become wider and prices more volatile.)
- JumpCrisscross 6y ago> powerful vested interests would probably fight it tooth and nail Minimum holds are very different from trade taxes. (The latter is stupid for a variety of reasons.) Minimum holds would make market making more profitable.
- eru 6y agoWhat do you want to accomplish here? Market makers are good for widows and orphans. You don't want your grandma to have to be careful with the day of the week or time of the day when she sells her stocks. See https://en.wikipedia.org/wiki/Market_maker https://en.wikipedia.org/wiki/Market_maker
- smabie 6y agoNo one would provide liquidity, the risk would be too high. And if they did, the bid-ask spreads would be as wide as the grand canyon.