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Trading stocks in America is state sponsored gambling. All of the game is based on the assumption that the stocks will (on average) always go up. They dont. Che

Trading stocks in America is state sponsored gambling. All of the game is based on the assumption that the stocks will (on average) always go up. They dont. Check the European stock markets that have been stagnant for 20 years. Selling lottery tickets with the promise of getting a pension. Disgusting.

pensatoio 6y ago
GPD per capita is significantly stronger in the USA than the EU. Over the past forty years, growth in the USA has been not only been strong, but stable (practically linear.) The EU is a very different story. My point is, I don’t think it’s fair to justify calling the US equity markets “gambling” by comparing them to the EU which is a totally different horse.
anaphor 6y ago
Why has the S&P 500, Russell 2k, etc all gone up over the past 20 years on average then?
- pashamur 6y ago
  1) 20 years is a small sample size 2) The US has enjoyed the status of the world's reserve currency since 1945, which literally means the gains of the U.S. stock market are partly financed by the whole world (note that we used to have a net surplus with other countries pre-1970, but now run a deep deficit and have off-shored our domestic manufacturing base - as a result of needing to get dollars out into the system) 3) Most stock market analyses on the US stock market are done in this 1945-now period when the US has been dominant on the world stage; it's a long time in an individual's life but a short time historically. If that changes, I expect lots of things that were "always true" to no longer be true anymore. More reading: https://www.lynalden.com/fraying-petrodollar-system/ https://www.lynalden.com/fraying-petrodollar-system/
dehrmann 6y ago
What do you think the pension is doing with your money? At least you're gambling it in low-fee index fund. The pension is paying someone 2 and 20 to underperform.

pensatoio 6y ago

GPD per capita is significantly stronger in the USA than the EU. Over the past forty years, growth in the USA has been not only been strong, but stable (practically linear.) The EU is a very different story. My point is, I don’t think it’s fair to justify calling the US equity markets “gambling” by comparing them to the EU which is a totally different horse.

anaphor 6y ago

Why has the S&P 500, Russell 2k, etc all gone up over the past 20 years on average then?

pashamur 6y ago
1) 20 years is a small sample size 2) The US has enjoyed the status of the world's reserve currency since 1945, which literally means the gains of the U.S. stock market are partly financed by the whole world (note that we used to have a net surplus with other countries pre-1970, but now run a deep deficit and have off-shored our domestic manufacturing base - as a result of needing to get dollars out into the system) 3) Most stock market analyses on the US stock market are done in this 1945-now period when the US has been dominant on the world stage; it's a long time in an individual's life but a short time historically. If that changes, I expect lots of things that were "always true" to no longer be true anymore. More reading: https://www.lynalden.com/fraying-petrodollar-system/ https://www.lynalden.com/fraying-petrodollar-system/

dehrmann 6y ago

What do you think the pension is doing with your money? At least you're gambling it in low-fee index fund. The pension is paying someone 2 and 20 to underperform.