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"Trading is not a job. Passive income is not a thing." Never a truer word spoken. Making money by moving money around. It shouldn't exist. It shouldn't be poss
by BLKNSLVR 2y ago
"Trading is not a job. Passive income is not a thing."
Never a truer word spoken. Making money by moving money around. It shouldn't exist. It shouldn't be possible or at least should come with severe limitations that make it not possible to live off as a vocation. When person A 'wins', person B 'loses'.
It is a specific skill set that some humans have, but it's not one that should be valued because it gives nothing back to society. In fact, it's a net negative.
- matltc 2y ago> when person a wins, person b loses Only if one assumes that capital markets are zero-sum. They clearly are not. What you presumably are referring to when you talk about "moving money around" is purchase of an asset such as a stock or a bond. Rather than moving it around, you are making capital available to some entity in exchange for the expected (but not guaranteed) return on investment. Such transactions are mutually beneficial. Companies need capital to operate so they sell equity to willing investors in exchange for it. This is what makes growth rates seen over last century possible. That said, they are not fair in that only those with capital can participate. If one is living hand-to-mouth, one cannot afford to participate. Would be ideal if we could find a way to level the playing field and equalize access