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  1. #1
    Badgerman's Avatar
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    Working Hard......

    Just popped 3 grand by shorting GM........that was working hard for a living......Thank God for Scottrade

  2. #2
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    Quote Originally Posted by Badgerman
    Just popped 3 grand by shorting GM........that was working hard for a living......Thank God for Scottrade

    "shorting Gm" ?

    How so?

  3. #3
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    Sell short.......but you have to be willing to risk alot........

  4. #4
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    20000 shares.......

  5. #5
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    Ok, I got ya.

    I'm not into the stock market, got a 401k that's about it.

    I guess you could say that I'm one of the working class stiffs that you talk about.

  6. #6
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    I think the point that you are tyring to make is the way to make real money is by having alot of money, buying selling, noting that working class stiffs have almost no chance at getting rich?

  7. #7
    Badgerman's Avatar
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    That's kind of the truth........the market is just a roulette wheel for the wealthy........

  8. #8
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    You know the insurance industry started with the wealthy Brits betting on whether the ships would return.......everythings a bet for the elitists.

  9. #9
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    401K......created for the brokerage industry.......investment bankers.......another way to rob the middle class.......just keep thinking you are doing the right thing.......

  10. #10
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    Quote Originally Posted by Badgerman
    You know the insurance industry started with the wealthy Brits betting on whether the ships would return.......everythings a bet for the elitists.

    I watched a PBS special about that, you're absolutly right.

  11. #11
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    Quote Originally Posted by Badgerman
    401K......created for the brokerage industry.......investment bankers.......another way to rob the middle class.......just keep thinking you are doing the right thing.......
    Yes, I'm sure they're making lots of money off of me, but there isn't much I can do.

    With the amount that I spend on child support each month, it's impossible for me to really get ahead, only 4 more years........

  12. #12
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    Quote Originally Posted by Badgerman
    That's kind of the truth........the market is just a roulette wheel for the wealthy........
    I agree with what you are saying, it takes money, lots of money to make more money, and it is really difficult for a middle class person to move up.

    My uncle started off with a timber business, took the capital from that business and got rich by buying and selling land, houses, etc.

    It can be done, just takes alot of hard work, and luck.

  13. #13
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    Real estate can be good......hang around your uncle and learn how to make money.......how to make money stick

  14. #14
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    Quote Originally Posted by Badgerman
    Just popped 3 grand by shorting GM........that was working hard for a living......Thank God for Scottrade
    I got Scottrade to, but I am not at the level to sell short yet.

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