Then what’s the point of investing?
It’s basically gambling, getting tiny dividends and getting votes in the shareholders’ meetings.
That way you could only buy stocks and never sell them.
No, you can sell them to other gamblers, like trading cards.
Then what’s the point of investing?
It’s basically gambling, getting tiny dividends and getting votes in the shareholders’ meetings.
That way you could only buy stocks and never sell them.
No, you can sell them to other gamblers, like trading cards.
the_wise_wolf@feddit.org 1 week ago
No, it’s not gambling. It’s people coming together in order to build something. And a place where people can sell their stocks is a stock market.
There are many problems in this world. But there existence of stocks and the fact that they can be traded is not one of them.
lurch@sh.itjust.works 1 week ago
i’m not saying it’s a problem btw… i gamble with stocks myself. it’s just silly fun if you have some spare change
the_wise_wolf@feddit.org 1 week ago
Alright. Your messages sounded a bit different to me at first. You can certainly gamble with stocks. But you can also invest more or less safely.
lurch@sh.itjust.works 1 week ago
stocks are only sold after the company is up and running. it has nothing to do with building anything. the money raised by the IPO is usually blasted away in top manager fees in the following coupla years.
the_wise_wolf@feddit.org 1 week ago
Early investors geht stocks. And they can even sell them before the company goes public (if it ever does). The IPO or direct listing or whatever process is chosen, brings the stocks to an open exchange. And a company usually issues new stocks during an IPO and can issue new shares at any time.
The fact that IPOs are overpriced and kinda shady is true, but that’s one of those problems I meant, which are not explicitly due to the existence of stocks.