Quote:
Originally Posted by MrFlorida
Wall Street Roulette, if the brokers knew where the market was going, they would all be rich....
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Things have changed dramatically recently. Commission free trades are readily available.
Long gone is where you need to trade in lots of 100 shares to get the best price. Also, gone for most people are pensions replaced by IRAs, Roth IRAS, 401Ks, 403Bs, I'm sure I missed some.
Would all be rich? In a stock fund, or etf, the broker makes a percentage of the money in the fund. It is the same percentage whether you the investor make money or not.
Far as RICH. Does anyone but me remember that show THE MILLIONARE? The plot was there was an anonymous philanthropist who would give a million to some worthy person and they were set for life. Today, they would take tax out of it at the highest tax rate and what was left, you could buy a home.