I have a Masters, majored in finance and accounting,undergraduate was economics, My son, then working on his PhD in Linguistics, asked me investing advice. I told him to go to the nearest casino and sit at a one armed bandit or roll dice That the only way to make it in the stock market is with insider information otherwise it is a crap s…
I have a Masters, majored in finance and accounting,undergraduate was economics, My son, then working on his PhD in Linguistics, asked me investing advice. I told him to go to the nearest casino and sit at a one armed bandit or roll dice That the only way to make it in the stock market is with insider information otherwise it is a crap shoot. Now they have algorithms, but what an algorithm doesn't have is insider information.
For those of you who are old enough, remember ENRON, what a hot commodity it was it's CEO Ken La,y Over the years, as chairman of Enron, he built a team of highly aggressive business and financial executives who were willing to skirt financial reporting requirements by developing off-balance sheet entities to hide Enron's massive debt load from investors and regulators.
Employees had no choice but to invest their retirement in ENRON, then in 2000 it went bust, and thousands lost not only their jobs, but their retirements.There were, and probably are still, corporate raiders, Merger and Acquisition (M&A) specialists who look for vulnerable corporations, to take over to aquire their assets, especially their pension funds, to gobble them up, and sell off their assets.
They even take out loans using the assets of the company they are going to acquire to pay off the loans.
My wife was employed by three municipalities that bought into a Social Security Replacement program. Instead of FICA and employer contribution going into the Social Security Trust fund, it, after tax, was placed into what is in essence a Mutual fund, and investment program, where the investor could choose a smorgasbord of risks,either safe (government securities) or high risk (corporate bonds and stocks) She also selected to set aside 2,000 a month before tax income, which reduced her taxable income (a 507) program. she could do this, because we lived well on my income and her after tax income.
She hasn't withdrawn anything yet, and has to withdraw by age 72 1/2, or otherwise the whole pot is taxes at goring personal tax rate.
I am worried, because it is a corporation managed by a corporation, and has already been sold once, that when the time comes the money won't be there.
If you want a guaranteed retirement income,then work for a local, county, state or federal government., get back those taxes you have paid.
With the addition of micro trades available because of computing expansion, the average investor is DOUBLE screwed as far as the risk.
And speaking of tax and micro, there should be a very small tax paid on each trade. Rep. DeFazio tried and Wall Street DUMPED money into his opponent's war-chest.
Alis, the fact that votes can be bought by ads, does not speak well to the facilites and faculties of humans, does it.
will not buy anything advertised on TV, and if I am already using it, I find a substitute.
TV ads are lies.
I saw my PCP last week for an annual Wellness check up. I control my diabetes and weight with a disciplined routine of diet and exercise. I dropped 40 lbs in 10 months, then hit a plateau, my weight hovers around 180, and the only way to lose more is to starve, but then my body wastes what little muscle I have left, and holds onto the fat. And starvation damages my kidney's and liver, and is hell on the endocrine system.
My PCP recommended Ozempic. I told him that Ozempic will shorten my life, it is hell on the kidney's and I also monitormy kidney function with a semi annual metabolic panel.
My PCP is a good guy, a D.O.,but like all doctors they are pill pushers today.
James Tobin proposed this tax many years ago . He was way ahead of his time because it might have been beneficial in controlling some of the irrational exuberance that precipitated the financial meltdown of 2007-8.
Tobin was a giant in the field of Economics. Now we are paying the price of the greedy small minded elite business class .
I have a Masters, majored in finance and accounting,undergraduate was economics, My son, then working on his PhD in Linguistics, asked me investing advice. I told him to go to the nearest casino and sit at a one armed bandit or roll dice That the only way to make it in the stock market is with insider information otherwise it is a crap shoot. Now they have algorithms, but what an algorithm doesn't have is insider information.
For those of you who are old enough, remember ENRON, what a hot commodity it was it's CEO Ken La,y Over the years, as chairman of Enron, he built a team of highly aggressive business and financial executives who were willing to skirt financial reporting requirements by developing off-balance sheet entities to hide Enron's massive debt load from investors and regulators.
Employees had no choice but to invest their retirement in ENRON, then in 2000 it went bust, and thousands lost not only their jobs, but their retirements.There were, and probably are still, corporate raiders, Merger and Acquisition (M&A) specialists who look for vulnerable corporations, to take over to aquire their assets, especially their pension funds, to gobble them up, and sell off their assets.
They even take out loans using the assets of the company they are going to acquire to pay off the loans.
My wife was employed by three municipalities that bought into a Social Security Replacement program. Instead of FICA and employer contribution going into the Social Security Trust fund, it, after tax, was placed into what is in essence a Mutual fund, and investment program, where the investor could choose a smorgasbord of risks,either safe (government securities) or high risk (corporate bonds and stocks) She also selected to set aside 2,000 a month before tax income, which reduced her taxable income (a 507) program. she could do this, because we lived well on my income and her after tax income.
She hasn't withdrawn anything yet, and has to withdraw by age 72 1/2, or otherwise the whole pot is taxes at goring personal tax rate.
I am worried, because it is a corporation managed by a corporation, and has already been sold once, that when the time comes the money won't be there.
If you want a guaranteed retirement income,then work for a local, county, state or federal government., get back those taxes you have paid.
Preach Brother William!
With the addition of micro trades available because of computing expansion, the average investor is DOUBLE screwed as far as the risk.
And speaking of tax and micro, there should be a very small tax paid on each trade. Rep. DeFazio tried and Wall Street DUMPED money into his opponent's war-chest.
Alis, the fact that votes can be bought by ads, does not speak well to the facilites and faculties of humans, does it.
will not buy anything advertised on TV, and if I am already using it, I find a substitute.
TV ads are lies.
I saw my PCP last week for an annual Wellness check up. I control my diabetes and weight with a disciplined routine of diet and exercise. I dropped 40 lbs in 10 months, then hit a plateau, my weight hovers around 180, and the only way to lose more is to starve, but then my body wastes what little muscle I have left, and holds onto the fat. And starvation damages my kidney's and liver, and is hell on the endocrine system.
My PCP recommended Ozempic. I told him that Ozempic will shorten my life, it is hell on the kidney's and I also monitormy kidney function with a semi annual metabolic panel.
My PCP is a good guy, a D.O.,but like all doctors they are pill pushers today.
Although the Tobin Tax centered on foreign currency trades ,
Its design was to reduce excessive speculation.
Currency derivatives play a large role along those lines .
Alis ,
Nobel Prize winner in Economics
James Tobin proposed this tax many years ago . He was way ahead of his time because it might have been beneficial in controlling some of the irrational exuberance that precipitated the financial meltdown of 2007-8.
Tobin was a giant in the field of Economics. Now we are paying the price of the greedy small minded elite business class .