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I have no luck with money

Meredith collects data to deliver the best content, services, and personalized digital ads. We partner with third party advertisers, who may use tracking technologies to collect information about your activity on sites and applications across devices, both on our sites and across the Internet. How the stock market is a sham for the working and middle class. 53 percent of Americans have no money in the stock market, including retirement accounts. 62 percent of all US wealth owned by top 5 percent. The growing wealth divide in this country is devouring every piece of the middle class that is currently left. The stock market is largely a sham for most Americans. Many hedge funds and other large Wall Street firms are in the business of making quick profits even if it means destabilizing the underlying economy. The buy and hold idea hasn’t really worked for nearly 14 years. 1,010 today, nearly 14 years later. You would have been better off with savings bonds or even with a low rate savings account.

Beyond that, look at the incredible volatility. Americans own stocks in any meaningful amount. This factor is also made clear in Pew Research Center surveys and analyses that show which Americans do or don’t own stocks, and how this dividing line has widened the wealth gap in the period since the recovery began to take hold in 2009. Americans say they have no money at all invested in the stock market, including retirement accounts. Most Americans don’t have any stocks to their name. In fact, many Americans don’t even have any savings to their name. Those 25 to 34 have a median amount saved for retirement in the sum of zero dollars.

So this incredible amount of volatility has largely produced nothing for most American families. Beyond the more obvious reasons that Americans are not participating in the stock market, you have the more apparent reason that the stock market is gamed and largely operates like a casino. These banks created financial products that brought the global economy to the brink of implosion. Packaging junk and selling it off to unsuspecting investors and many times, even betting on this toxic waste since they knew it was merely time before these products went bust. So is it any wonder that Wall Street has been deep in cahoots with the for-profit college industry? Isn’t it great that real estate is going up? They are buying it cheap and the nation is adding a fleet of renters.

Oh, and rents are going up faster than overall inflation. They try to sell it to the public that stocks are easy to understand but only a few years ago, these same banks were selling toxic junk to the public laughing all the way to the bank as the bets imploded and their options boomed in profits. These investments were sold as easy to understand as well. Those that failed didn’t really fail either. The top 5 percent control 62 percent of all the wealth in the US. Wealth is the true measure of power in the current economy. Yet more and more wealth is being aggregated in the hands of a few. Part of the sham isn’t the idea of stocks or real estate.

In fact, real estate has been the most common form of wealth building for average Americans for a couple of generations. The problem is the market now favors short-term booms and busts and casino like economics. The slow growth model is out the window. How can a regular investor compete with banks that essentially control the government and also have HFT machinery that is completely out of reach for most? If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market! I have profits for about ten years. I wish I had realized this much sooner.

i have no luck with money

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