chicowalker

agreed

What are you basing this on?

PatriotsReign

The fact that so many wealthy people have increased their investment earnings during this recession while the avg. Joe like us has taken a huge hit.

But even more importantly, the HUMONGOUS bonuses that Wall Street people are getting since this recession began! I think that is where the greatest transfer of wealth has occurred. Since 2008, the number of trades has increased significantly along with people changing their investments in an attempt to beat the markets. As we all know, Wall Street makes their money based upon the volume of transactions, not whether they are helping people make money.

PatriotsReign

I feel this way because there is nothing as big or as powerful as Wall Street. I think some things need to be controlled. I think it should at least be discussed, but I highly doubt we'll hear any politician discuss this from the right or the left...so you don't have to worry.

It's just a personal issue of mine.

P.S. Have I made money in my retirement fund? yes, I have. So it's not a personal vendetta because I think I got screwed...just in case you were wondering.

Real World

Of course the middle class doesn't have the same access, they don't have the same money. That's a matter of basic mathematics. It's the same with any type of investing more or less. I'm not sure how you can't see this.

Investing is an equal playing field. You can invest money, in the same ways any american can. The only variable is the amount you have to invest, and where that will get you. This rule applies to most everything. Be it retail purchases, property, restaurants, etc. Anyone can go to a 5 start hotel, or buy a Benz. So long as you have the money to pay for it. You can invest in any stock you want, so long as you can afford it. I can buy any property I so choose, so long as I can pay for it. Investments are no different, except for the fact that the better investment bankers, or financial advisors, are going to work with richer people, before they'll work with you. Again though, that's the case with most anything. Scott Boras isn't going to represent some bit player, and Gordon Gecko isn't helping you.

First of all, says who? Second of all, assuming you are correct, what are the specifics? When the market crashed to under 8,000, was this the case? Also, middle class earners aren't as diversified as rich investors, nor do they have nearly the same capital. A middle class earner has far less margin to work with. They will be more harshly affected by a down turn for a number of different reasons, with margin being one of them. Another is interest, or intellect. A rich investor is probably more aware of his investments because of their size, and term investment, as well as the fact that he may have an advisor monitoring them as well. A middle class earner is likely in for the long run, or pays less attention to his stock portfolio, due to the difference in lifestyle. I'm speculating here of course.


I see a sell off prior to 12/31/10. Especially if the "Bush" tax cuts are allowed to expire, or if their amended extension includes a rise in capital gains taxes. Of course, the subsequent question would be whether or not a sell off related drop would be temporary.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897