4 ms·
You actually own something when you buy stock.
by jrmg 5mo ago
You actually own something when you buy stock.
- patrickk 5mo agoEven that is fuzzy. https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_...
- ryandrake 5mo agoYou own the same thing when you buy a lottery ticket. You own a paper entitling you to an unknown amount of future money based on uncertain events.
- bluGill 5mo agoWhen I own a stock I also vote on the board of directors and so I have long term influence on the future. (I don't agree with stocks where I don't get that vote, or where my vote is meaningless because insiders have more control than their ownership share - even though they exist. Yes I know the amount of stock I own is trivial, but I still at least have it)