Big ole Boy
Elite Member
- Joined
- Dec 6, 2003
- Professional Status
- General Public
- State
- Tennessee
But back to this.
Indulge me in a bit of fantasy speculation for a moment.
If, you were one of the top 10 richest people in the world, you would,
own lots of stock and bonds somewhat diverse,
you would know the other 9 richest people and probably another 20 or so, almost as rich as you,
and all your friends would have similar stock and bond holdings and portfolios.
So, how do you make any money, and how bored would you be with stocks that only fluctuate a penny or two, here and there based on the global population of peons that have little to no money?
Ah, would you pick a day and sell a bunch? Have a mini panic, watch the price drop a good bit, and then buy back in, watch the stock go back up again?
Yes, because that's the only way for you and your friends to make any real money and cut through the boredom of the market going up or down by pennies.
.
Aye,
I dont know.