UsedToBeKnowItAll wrote:
People that are investing in the stock market are adding nothing productive to the economy or our country.
Heard of IPO's aka Initial Public Offering.
Just in the remote case you did not here you go...
IPO happens when a startup company goes to the stock market to sell shares to raise capital for further expansion (=jobs?). This is how growth and jobs happen.
afrosured wrote:
Heard of IPO's aka Initial Public Offering.
Just in the remote case you did not here you go...
IPO happens when a startup company goes to the stock market to sell shares to raise capital for further expansion (=jobs?). This is how growth and jobs happen.
We already covered this. Go back and read the thread.
Just out of curiosity, what percentage of stock trades would you say are purchases of IPO's?
erm wrote:
While you may not be buying a stock with an expected rate of return in mind, be assured your competitors in the market do have an expected rate of return in mind. Any stock analyst recommending his portfolio manager buy a stock without knowing what his upside is (i.e. when to sell) will get cut off at the knees.
Don't forget that dividends and capital gains are already taxed twice - first at the corporate level, and then when those earnings are distributed as dividends or realized when the stock is sold after appreciation. Companies pay corporate tax at 35%-40% and then the investor pays taxes on capital gains and dividends on the remaining after-tas profit. The tax hit is easily over 50% all in, and only the highest wage earners approach that tax rate.
If you own a gas station, you pay taxes on the business and are not taxed a second time when you use some of the remaining profit to live on.
Well, then my competitors in the market are probably disappointed when their investment doesn't meet their expected rate of return 50% of the time. As an investor, my portfolio crushes the S&P average return, but I still realize that each individual investment is uncertain. I would say I'm "successful" about 2/3rds of the time.
I don't really care that dividends and capital gains are taxed twice. Typically, the people earning dividends and capital gains contributed nothing (or I will concede, very little) to the actual profit. In my investment account, I have done nothing to help Baidu succeed. And yet I've taken $1 and turned it into $3. I should be taxed out my ass on those $2 profit. I didn't earn it. It should be just like gambling taxes. That's all I'm doing. Playing a gambling game that isn't tilted in the house's favor. That's what "investments" are.
[quote]UsedToBeKnowItAll wrote:
Well, then my competitors in the market are probably disappointed when their investment doesn't meet their expected rate of return 50% of the time. As an investor, my portfolio crushes the S&P average return, but I still realize that each individual investment is uncertain. I would say I'm "successful" about 2/3rds of the time.
quote]
Well, I'm a multi millionaire sub-4 miler who bangs supermodels. So there!
erm wrote:
Well, I'm a multi millionaire sub-4 miler who bangs supermodels. So there!
Yeah, I sounded like a d!ck. That wasn't my intention. The guy I was replying to seemed to indicate that there were "experts" that knew exactly what they would get out of each investment. That's delusional. I was trying to show that as lucky as I've been, I still fug it up 33% of the time. At least.
Blowing.Rock Master wrote:
So people who provide funding to corporations to expand business and hire people do nothing to help our economy or country?
Sure they do, but if I pay 25% on my real work then some scum sucking leach who's never done an ounce of real work in their life other than shuffle money from Account A to Account B should pay the same.
Dipsh*ts like you claim that someone with no actual skill, training or talent, but possessing a buttload of money they got through inheritance or illicit means should be given a free ride, while the people that do honest work should take it up the ass. That pretty much sums up the conservative theology.
Runningart2004 wrote:
Reagan is that you?
Cut spending...except of course when it comes to defense right?
Most taxed countries:
http://moneycentral.msn.com/content/Taxes/P148855.asphttp://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDPYep...GOP never spends a dime:
http://www.independent.org/newsroom/news_detail.asp?newsID=31Financial Conservatism born and died with Reagan.
Alan
I don't think he said anything about defense or being a member of the GOP.