SeniorJunior

I Admit It… I’VE TRADED OPTIONS Therefore I’m the worst kind of gambler . Now, before I get into excessive breast beating and teeth gnashing, let’s face it, EVERYONE WHO “INVESTS” IN STOCKS is gambling. That money you put in General Electric or General Motors or General Mills, etc. does NOT go to those companies. It goes to whoever sold that stock, plus a slice of it goes to the brokerages involved. Typically, not a penny goes to the company on the stock certificate. The companies don’t do more R&D, buy more equipment or hire more people because you “invested” in them. So you are not investing in American industry, you are just gambling that some other sucker will pay you more for your stock than you paid. Or – more rarely – that the company represented by the stock will dole out some of its profits as dividends to you as a stockholder. We all believe that buying stock is better than playing roulette because we make more i...