Tuesday, November 15, 2022

"Investors" -- Really Suckers

 If you own a small business, or property, or some real tangible thing you can make decisions about, you are potentially an investor. If you own a pizza restaurant for example, you can decide to upgrade your pizza stove because a new one is more efficient, and might save money per pie.

If you buy stock in some corporation, you are not an investor. You are basically buying pokemon cards. Even when you work for a publicly traded company, understand their plans and their technology, you don't have enough information, generally to make informed decisions about the company stock. The upper level management probably does, but 99% of employees don't. Therefore, an outsider who just has access to corporate PR, press releases, and bullshit financial statements has no chance.

Very wealthy "investors" who run spy networks, or who can manipulate markets are like "investors", maybe scammers is a better word for them. They're a different category than the general public.

People do make money on stocks. People also lose money, or barely keep what they have after years. I am very down on schemes like 401(k)'s now, IRA's and really any account at any "financial" institution too.... it's going to turn into a way for the government to systematically steal money no doubt about it.

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