Trading for profit ( to buy a boat)

I'd start by getting the correct statistics...

 

Stock market investing ? If you are a regular Joe you better think carefully

Who Receives Capital Gains?

"Advocates of capital gains tax cuts frequently point out that a growing
number of middle-class Americans now own stock. Yet only 7 percent
of Americans reported net capital gains income on their fed¬eral tax
returns in 2008 —and the vast majority of these gains were realized by
the very wealthiest Americans.

In particular:
• Taxpayers with federal adjusted gross incomes (AGI) in excess of
$500,000 reported close to 80 percent of taxable capital gains,
even though they accounted for less than one percent of all returns
filed.
• The very wealthiest 0.1 percent of Americans—taxpayers with
AGI over $2 million—received more than 60 percent of all
capital gains income.
• The poorest two-thirds of the population—taxpayers with AGI
of $50,000 or below— collectively received just under 6 percent
of all capital gains income .
In fact, capital gains are among the most unequally distributed sources
of personal income. One obvious consequence of this concentration of
capital gains income is that any “across the board” capital gains tax cut
will dramatically reduce the share of all income taxes paid by the very
wealthiest taxpayers—and will increase the share of taxes paid by lowerand
middle-income taxpayers. "

 

Those are the accurate statistics, do you know 'better' ones?

wayne

 

OK, if you really think 2.3% of the world lives above poverty, I am in a different league. I have studied demographics, economics, religion, politics, etc. And I have done a nation study.

You are just dredging up whatever you can find to start an ill founded argument, or ill founded set of assumptions.

Adios.

 

Read the graph title.
From everything I see, relatives rates of poverty fell throughout the twentieth century.

 

From what I read poverty levels are increasing .

"Fourteen million American children live in families with incomes below the federal poverty level, which is $22,050 a year for a family of four. The number of children living in poverty increased by 21 percent between 2000 and 2008. There are 2.5 million more children living in poverty today than in 2000."



It is true the worldwide many people have been lifted above the one dollar per day poverty criteria.

What is poverty?

 

The recession has left a uptick in poverty rates in US and I am assuming elsewhere.
And yes- 21% is the current number it seems for child poverty here.
Look at housing numbers in the States- the sector is in recovery.
The cart will follow that horse..

'What is poverty'?

http://web.worldbank.org/WBSITE/EXT...K:148956~piPK:216618~theSitePK:430367,00.html

There is plenty of info on the topic.
It does seem to have been in decline by many measures.

 

Since the thread is trading for profit to buy a boat , poverty and income distribution has significance.

Think of Atlantic City. Thousands of poor people arrive every day on buses to gamble away their limited money. They always loose, only the owner of the casino wins.

Stock market investing is the same. The winners are the top percent who control the worldwide financial system , the owners of the casino. They harvest silly investors money.

 

I don't agree with that assessment.

"Never attribute to malice that which is adequately explained by stupidity."

 

Then you might want to read this then calibrate your thinking.

The present system has no free market, it is a market rigged to benifit the rich.

"Why More And More People Think The Stock Exchanges Are A Major Source Of Our Market Problems"

Read more: http://www.businessinsider.com/sec-to-investigate-stock-exchanges-2012-11#ixzz2Fg4gwqnW

http://www.businessinsider.com/sec-to-investigate-stock-exchanges-2012-11

 

Read it- don't find too much that concerns me there.

Markets are no different now than they have ever been.
One must do the right thing at the right time.

Few can do one or the other- very few can do both.


Take a case study- were you paying attention to "3d" printing when it started to hit the technology shows on TV years back?
Were you thinking as you watched that the technology could really be handy for fast prototyping and perhaps be a boon to those companies who are developing it?

Did you take this thought and turn to the markets to see what publicly traded company to invest in and drop some money on that "gamble"?

Here is the logical choice if you did:



$10k invested returned 2 million for the simple expedient of paying attention, having some means and applying them towards a investment ideal.
I don't have the slightest worry that 'day traders' are making and loosing millions on all of those little price changes along the way.
I couldn't care less that HFT is doing essentially the same thing.
There is no one to stop you- if you can make these sorts of assessments, you will do well.

The market feels rigged to those who make one of the thousands of mistakes possible to make.
Most like me make several- I specialize in making the same mistakes over and over again.

I do have the rare talent for blaming myself and struggling on.

You know how I lost money yesterday?
I went short of the stock above- to my mind the market has over done it and a valuation of 90x earnings is a bridge too far.
Technically the chart seems to bare this out.
I am especially skilled at entering short positions a tad early and getting my butt handed to me. (doing the right thing at the wrong time).
When not too early my stops are too near and I am stopped out of perfect positions (doing the wrong thing via too close of stops).

So my market assessment caused me to act- I bumbled the move and lost a little bit of money.
I lost it through incompetence- no one took it from me..

 

http://en.wikipedia.org/wiki/Poverty_in_the_United_States

"Most Americans (58.5%) will spend at least one year below the poverty line at some point between ages 25 and 75."

Poverty is like the flu. It can be brief or hang on depending upon the ability of the patient to take remedial measures.

Some governments, fearing their citizens, manipulate or force their citizens into a state of poverty in order to better control them.

 

Yesterday I invested in two, 3 euro , Loteria Nacional Sorteo de Navidad tickets from the local club nautico Optimist dingy sailing club.

The numbers look good to my analyst. plenty of 2's and a few 8's .

Unfortunately The sailing club juniors will get half, but Im confident that Ill be able to sink my teeth into a decent slice of the remaining €2,520,000,000 payout.

 

I guess that makes me your long-lost cousin.

 

Fitting definition of democracy: two wolves and a sheep voting on - whats for dinner. As far as investments; go for digital education -no need for brick & mortar buildings, no student debt bubbles, learn at your pace, no indoctrinations and contrary agendas, no mass shootings, no drugs and teen pregency, no bullying, no prison like enviroment with armed gaurds and lockdowns, more time for families to be together since the learning can be accomplished inhalf the time, no union sttikes and over paud administrators/teachers, do away with busing and useless burning of fuel, dont have tobuy buses, build garages for them, pay drivers , pay mechanics, pay insurance, kind of getting tired but, you get the idea. You think there might be some special interest not in favor? This will come about but, do you want it hard or easy?