Comments on: Stocks Are For Suckers? http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Andy http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-193691 Andy Tue, 19 May 2009 03:16:35 +0000 http://wp.consumerismcommentary.com/?p=744#comment-193691 How are your stocks looking now? Invest in something solid that is not just a maze of paper. How are your stocks looking now? Invest in something solid that is not just a maze of paper.

]]> By: someone else http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-172149 someone else Fri, 08 Aug 2008 23:17:01 +0000 http://wp.consumerismcommentary.com/?p=744#comment-172149 I know this is an old article, but I want to say that the stock market isn't everyone's answer to retirement. Some people invest in real estate (not just homes) and do fine. Others take a different route. I'm very wary of the herd mentality when it comes to the "right way" to retire with ease. Who knows: maybe the next 15 years will be the worst in the history of the stock market. There's always a first time. I know this is an old article, but I want to say that the stock market isn’t everyone’s answer to retirement. Some people invest in real estate (not just homes) and do fine. Others take a different route.

I’m very wary of the herd mentality when it comes to the “right way” to retire with ease. Who knows: maybe the next 15 years will be the worst in the history of the stock market. There’s always a first time.

]]> By: Loi Tran http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1493 Loi Tran Tue, 31 Jan 2006 03:05:39 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1493 Stocks are still a good investment. Investors just need to do research before investing. Everyone has their own opinions and can do what they want with their money. Stocks are still a good investment. Investors just need to do research before investing. Everyone has their own opinions and can do what they want with their money.

]]> By: Big Mike http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1492 Big Mike Sat, 14 Jan 2006 18:09:39 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1492 "most of those who invest in the stock market aren’t buying real ownership, they are mostly buying a tiny portion of shares discarded by those closer to the company. The only real investment is buying a material percentage of a company" This kind of sounds like something I wrote about recently in my own blog about <a href="http://www.bigmikeblog.com/2006/01/overpaid_ceos.html" rel="nofollow">overpaid CEOs</a>. Yes, the CEOs and other execs and insiders make more money than you do by buying a tiny percentage of the company. But for the astute contrarian investor who knows what he's doing, there's a world of money to be made by investing in stocks. Although I'd agree that people who buy individual stocks and who don't know how to read a balance sheet, those people are suckers. “most of those who invest in the stock market aren’t buying real ownership, they are mostly buying a tiny portion of shares discarded by those closer to the company. The only real investment is buying a material percentage of a company”

This kind of sounds like something I wrote about recently in my own blog about overpaid CEOs. Yes, the CEOs and other execs and insiders make more money than you do by buying a tiny percentage of the company.

But for the astute contrarian investor who knows what he’s doing, there’s a world of money to be made by investing in stocks. Although I’d agree that people who buy individual stocks and who don’t know how to read a balance sheet, those people are suckers.

]]> By: Free Money Finance http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1494 Free Money Finance Mon, 09 Jan 2006 13:56:47 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1494 <strong>Carnival of Investing</strong> Welcome to this week's edition of the Carnival of Investing. As a summary of each piece, I'm listing each author's reason for submitting the post to the carnival (for those that submitted one) and/or a bit of the post itself Carnival of Investing

Welcome to this week’s edition of the Carnival of Investing. As a summary of each piece, I’m listing each author’s reason for submitting the post to the carnival (for those that submitted one) and/or a bit of the post itself

]]> By: Dus10 http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1491 Dus10 Thu, 05 Jan 2006 03:05:49 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1491 I can see both sides. If you are looking to start a business, invest in yourself. If you are not, however, stocks have been a viable option for investments. Period. People have become quite wealthy off of buying and holding.... just because Mark got lucky once... he thinks he is an expert (although I am being a synic, I do had a great deal of respect for him). I can see both sides. If you are looking to start a business, invest in yourself. If you are not, however, stocks have been a viable option for investments. Period. People have become quite wealthy off of buying and holding…. just because Mark got lucky once… he thinks he is an expert (although I am being a synic, I do had a great deal of respect for him).

]]> By: klauss http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1490 klauss Wed, 04 Jan 2006 21:45:45 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1490 I am sure the investors who had the equivalent of a controlling interest in Cuban's reality show flop felt like they had made a horrible gamble. Was his money involved in that? I am sure the investors who had the equivalent of a controlling interest in Cuban’s reality show flop felt like they had made a horrible gamble. Was his money involved in that?

]]> By: Flexo http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1489 Flexo Wed, 04 Jan 2006 19:33:29 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1489 Based on the data I've seen, "buy and hold" has (or would have) worked for most situations in the last century, on average. I can't predict whether it's going to work for me, but all I have to go on is past performance. Cuban makes great points -- such as the fact that "buy and hold" doesn't take real life issues into account, issues like major emergencies that necessitate withdrawals whether the market is up or down. The biggest issue I see is while averages say one thing, the world is full of varying individuals and no one is "average." Based on the data I’ve seen, “buy and hold” has (or would have) worked for most situations in the last century, on average. I can’t predict whether it’s going to work for me, but all I have to go on is past performance. Cuban makes great points — such as the fact that “buy and hold” doesn’t take real life issues into account, issues like major emergencies that necessitate withdrawals whether the market is up or down.

The biggest issue I see is while averages say one thing, the world is full of varying individuals and no one is “average.”

]]> By: FMF http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1488 FMF Wed, 04 Jan 2006 19:25:38 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1488 "Not everyone agrees that it’s the best strategy." You? “Not everyone agrees that it’s the best strategy.”

You?

]]> By: Flexo http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1487 Flexo Wed, 04 Jan 2006 19:11:48 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1487 I read the entire blog entry. I wasn't giving an opinion on the matter, just pointing out that Cuban believes "buy and hold" to be a marketing gimmick... an opinion generally bestowed upon salesman and those who favor "active trading." Cuban talks more about investing in yourself and in low-risk CDs and bonds for those who can't afford to buy controlling portions of companies. I read the entire blog entry. I wasn’t giving an opinion on the matter, just pointing out that Cuban believes “buy and hold” to be a marketing gimmick… an opinion generally bestowed upon salesman and those who favor “active trading.” Cuban talks more about investing in yourself and in low-risk CDs and bonds for those who can’t afford to buy controlling portions of companies.

]]> By: Matt http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1486 Matt Wed, 04 Jan 2006 18:19:58 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1486 Did you read the whole article? His points were pretty valid. Would you be better off investing the money in yourself like starting your own business, or making sure that your investments are guaranteed not to lose money? I understand that the stock market is a fairly safe bet, but Cuban's argument is that it is a bet- strictly gambling, unless you can invest enough to have a controlling interest. Should gambling be part of your retirement plan? Did you read the whole article? His points were pretty valid. Would you be better off investing the money in yourself like starting your own business, or making sure that your investments are guaranteed not to lose money? I understand that the stock market is a fairly safe bet, but Cuban’s argument is that it is a bet- strictly gambling, unless you can invest enough to have a controlling interest. Should gambling be part of your retirement plan?

]]> By: Hazzard http://www.consumerismcommentary.com/2006/01/04/stocks-are-for-suckers/#comment-1485 Hazzard Wed, 04 Jan 2006 17:59:14 +0000 http://wp.consumerismcommentary.com/?p=744#comment-1485 Too bad we aren't billionaires who can heckle in the first row at the basketball game like he is. I can't believe that's good advice. The risk to return in the long term stock market seems reasonable. Invest at 4% in grandmas CD, or seek 9-10% returns in the market long term? I'm going to take the risk for an extra 5% and then just try to time my withdrawal from the market as I get close to retirement. Hazzard Too bad we aren’t billionaires who can heckle in the first row at the basketball game like he is. I can’t believe that’s good advice. The risk to return in the long term stock market seems reasonable. Invest at 4% in grandmas CD, or seek 9-10% returns in the market long term? I’m going to take the risk for an extra 5% and then just try to time my withdrawal from the market as I get close to retirement.
Hazzard

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