OT: will this be you in your "golden" years?

before others have the same info. That is not investing. Investing is figuring out which companies are well managed and therefore are going to prosper. Then

buying the stock and holding it until you think that something has changed and the company is no longer well managed. I have owned most of my stocks for decades. A few milliseconds is not going to matter when a stock is held for over twenty years.

Where you have envy and selfish ambition, there you find disorder and every evil practice.

James 3:16 (NIV)

I don't have the data to prove what I am about to write. But, I think it's very possible the rising S and P is due to the Federal Reserve inflating the money supply. And the various bail outs and stimulus.

The adjusted value of the stock isn't growing much at all. That's my guess.

. Christopher A. Young Learn about Jesus

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from 1450 to 1700. That is a 17% return. Somewhat better than the rate of inflation.

Completely concur.

Me too. Our money is invested in the stocks, bonds and real estate that they own.

jsw

Depends on the company. I think you may be right on financial stocks, but do not think it is true for companies as Texas Instruments that make and sell things.

Dan

================================= Making money the old-fashoned way

New ways to scam the market

Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.[1] Offers of risky investment opportunities to unsophisticated investors who are unable to evaluate risk adequately and cannot afford loss of capital is a central problem.[2][3]

Securities fraud can also include outright theft from investors (embezzlement by stockbrokers), stock manipulation, misstatements on a public company's financial reports, and lying to corporate auditors. The term encompasses a wide range of other actions, including insider trading, front running and other illegal acts on the trading floor of a stock or commodity exchange.[4][5][6] Accountant fraud Further information: Accounting scandals

In 2002, a wave of separate but often related accounting scandals became known to the public in the U.S. All of the leading public accounting firms?Arthur Andersen, Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers? and others have admitted to or have been charged with negligence to identify and prevent the publication of falsified financial reports by their corporate clients which had the effect of giving a misleading impression of their client companies' financial status. In several cases, the monetary amounts of the fraud involved are in the billions of USD.[27]

How real casinos operate. Compare and contrast with "the market."

"F. George McDuffee" wrote in message news: snipped-for-privacy@4ax.com...

[Stock market shenanigans]

So the market is like all other human activity and you should stay alert.

Grocery stores can ring up more than the shelf price tag, then sheepishly blame the computer when caught. I remember the prices and think I've embarrassed the local one out of that stunt. jsw

=======================

"F. George McDuffee" wrote in message news: snipped-for-privacy@4ax.com...

That is a reason to remain engaged and vigilant rather than dismiss and ignore the market. Of course some people will take advantage of opportunities to abuse, but they do at all levels down to yard sales. jsw

The article forgot to mention that casinos give free alcoholic beverages to gamblers helping them in making rational decisions.

Best Regards Tom.

I had a person try to charge me sales tax at a yard sale one time.

Best Regards Tom.

Arriving to a casino to play does not seem to be a rational decision.

i

The MIT Blackjack Team was a group of students and ex-students from the Massachusetts Institute of Technology, Harvard Business School, Harvard University, and other leading colleges who used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century. Many other blackjack teams have been formed around the world with the goal of beating the casinos.

Best Regards Tom.

Neither does investing in lottery tickets, yet I know many who defend it in preference to stocks and bonds.

Ok. These better companise would be immune to inflation - how?

TIAA/CREF has 58 mutual funds. So saying TIAA/CREF is not much of an answer.

Dan

None have recouped their losses yet, but a lot has come back. Anyone who sells after a great loss is a fool, agreed. Well, unless they see a second one coming soon after.

That's why silver coins are my goal. Hell, who can afford gold?

When the SHTF, $5 won't buy you one potato, let along bags or bunches of other veggies.

I brought home 2 cases of food storage foods today after a client was telling me she was going to give them to Goodwill or toss them. I don't know what I'll do with six #10 cans of powdered milk, but the cans of Mountain House freeze dried beef stew, beef stroganoff, chicken stew, beef and rice, and noodles and chicken will feed me just fine or store for another decade or two. There's an open can of vanilla protein powder, too. That'll boost my smoothies. My little blender will work just fine with the inverter and solar panels. Ten or twenty seconds of mixing is all it takes.

Oh, the client also had a can of soup with a black bottom. It was a Campbells Chicken Noodle soup dated 1956, handed down from her mother. I passed on that little item.

And the free drinks encourage them to stay and lose it all.