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RE: Imagine there's no stock market... - 6/28/2010 3:46:12 PM

Musicmystery

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quote:

ORIGINAL: Nineveh

In my opinion smaller more local markets would be better than the vast national stock exchange we have. Currently regulation makes a local stock exchange very difficult but I think that being able to invest in local businesses would give investors more chance to have a vested interest in success.

That's pretty naive in a world of computers and the Internet. Smaller local markets would simply become havens for arbitragers, sucking off funds and creating de facto national (and international) markets/prices.

And as wilbeur already noted, the current system in no way prohibits you from investing in local enterprises.

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RE: Imagine there's no stock market... - 6/28/2010 8:48:11 PM

Nineveh

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quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: Nineveh

In my opinion smaller more local markets would be better than the vast national stock exchange we have. Currently regulation makes a local stock exchange very difficult but I think that being able to invest in local businesses would give investors more chance to have a vested interest in success.

A large national market doesnt preclude someone from investing in local businesses.

No, but the costs and regulations associated with an IPO do preclude local businesses from offering shares to investors.

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RE: Imagine there's no stock market... - 6/28/2010 11:49:45 PM

Deadender

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If the stock market is so "evil"...stay out if. Buy CDs. Why does it bother some people that others do their homework, study, invest and make money? I have seen people that are worth $5 million living like everyday people. Nobody knows they are wealthy. They continue to work. Some donate a lot, some (I guess) like to look at the bank statements with lots of digits. Some spend beyond their means and go broke again. There is no evil plan. The Kentucky Fried Chicken guy got started at 65 years old. Stop complaining!

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RE: Imagine there's no stock market... - 6/29/2010 12:23:44 AM

Termyn8or

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"the current system in no way prohibits you from investing in local enterprises. "

Mine does. There is no way in hell I would even take a company public. If I own a companyu I will continue to own it and I will answer to myself.

If I were the head of GM a long time ago, with my current knowledge level as CEO I would have stayed out of certain things. If I became CEO now I would destroy the stock's value by reduction of dividends, and I am full aware of the ramifications of that. I would also recall those shares once properly devalued.

Then or now it is simple. We build cars. We are not a bank. You want retirement you have the union do it, let them slide down the slope with the banks. No GMAC. We will fully support our dealers to find underwriters for their own credit plans. They want to sell cars, let them handle that. Employees want to get paid for not working, that's the fucking union's problem. We will pay you when you work.

We build cars, let other people take care of the rest of the shit.

Really it was that simple. But the dude didn't have the backbone. Whoever agreed to those contracts and shit, and allowed company assets to be fused with those of a bank was not competent IMO. He might have enriched himself and looked really good on the quarterly report, but he was a horse's ass. You have to say no.

The workers stalk your grounds keeping the new workers out ? Yes that happened. But I got millions, how long cn these bitches exist without a paycheck. And the UAW which amounts to liquid nerve like a bottle of whiskey doesn't have unlimited resources either.

I'll just go out on my yacht, fuck them. But no, these asshole are addicted to money and since they went public their addiction to money is now an asset. They are a waste of fucking oxygen.

Nobody understands how simple it should be. We will setup payroll deductions and send the money to the union to be used for sick time, medical and retirement. We build cars. The deal is you show up at work (?) punch in and work. On break and lunch I don't care what you do, get high if you want, as long as you can do your job when you get back. If you fuck up, let your union handle it. Fuck up my factory you are fired. Fuck yourself up on the job I am not paying for it. And there will be no reason, any employee creating a dangerous situation is fired. Got a problem with that go see the union. But they will not force me to have people in my place I don't want.

I am not saying that taking such a stance is easy, but I am saying it is/was necessary to prevent these stupid problems from happening, which have desimmated our economy. Get to know where your bread is buttered. Banks and shit have a purpose, we are not a bank, we build cars. We will pay you the fifty fucking bucks an hour and what you do with it is your business, that is, if you are up to the job.

It don't get much simpler than that. But someone has to take the bull by the horns and have the fucking balls to say NO, we ain't doing that. Period.

And imagine the banks with their shenannigans. Well now you are out of business you stupid fuck. Now there is no entity to foreclose on all those houses. You LOST. Get it ? Tough shit. What would that do for people ? Well the financial institution that holds the note on the house is out of business and there is noone to sue them.

Live and let die.

T

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RE: Imagine there's no stock market... - 6/29/2010 5:16:31 AM

Musicmystery

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We're back to where this started.

All you need to start and grow a company under your plan is all the capital already.

And you think others are unrealistic?

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RE: Imagine there's no stock market... - 6/29/2010 5:21:37 AM

Musicmystery

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quote:

No, but the costs and regulations associated with an IPO do preclude local businesses from offering shares to investors.

1) No, they don't.
2) Local stock exchanges wouldn't change that.

I can list publicly traded local businesses off the top of my head. "Shares of local interest" are reported along with the financial news every day.

Nor is this area at all unique in that respect.

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RE: Imagine there's no stock market... - 6/29/2010 9:15:22 AM

willbeurdaddy

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quote:

ORIGINAL: Nineveh

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: Nineveh

In my opinion smaller more local markets would be better than the vast national stock exchange we have. Currently regulation makes a local stock exchange very difficult but I think that being able to invest in local businesses would give investors more chance to have a vested interest in success.

A large national market doesnt preclude someone from investing in local businesses.

No, but the costs and regulations associated with an IPO do preclude local businesses from offering shares to investors.

In what sense are you using locally? I was referring strictly to geography, and obviously there are no regulations that restrict IPOs geographically. If you are talking about size then regulations provide numerous exemptions that make raising up to $5 million virtually automatic and between $5 million and $10 million virtually automatic as long as you have audited financial statements (which any business that size should).

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RE: Imagine there's no stock market... - 6/29/2010 9:20:34 AM

willbeurdaddy

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You once again demonstrate a very poor understanding of the stock market and investing.

quote:

ORIGINAL: Termyn8or

"the current system in no way prohibits you from investing in local enterprises. "

Mine does. There is no way in hell I would even take a company public. If I own a companyu I will continue to own it and I will answer to myself. As would most people who have sufficient capital. Which makes it irrelevant to the purposes of financial markets.

If I were the head of GM a long time ago, with my current knowledge level as CEO I would have stayed out of certain things. If I became CEO now I would destroy the stock's value by reduction of dividends, and I am full aware of the ramifications of that. I would also recall those shares once properly devalued. Paying dividends in no way devalues a stock, and can often enhance it.

Then or now it is simple. We build cars. We are not a bank. You want retirement you have the union do it, let them slide down the slope with the banks. No GMAC. We will fully support our dealers to find underwriters for their own credit plans. They want to sell cars, let them handle that. Employees want to get paid for not working, that's the fucking union's problem. We will pay you when you work. I guess you never heard of a "strike".

We build cars, let other people take care of the rest of the shit.

Really it was that simple. But the dude didn't have the backbone. Whoever agreed to those contracts and shit, and allowed company assets to be fused with those of a bank was not competent IMO. We already know how valid your opinions are in this area.

Your rants are quite amusing at least.

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RE: Imagine there's no stock market... - 6/29/2010 10:27:40 PM

Deadender

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You can not be a "silent" investor and complaint. If everything you care about is profit, profit from your "investments" taking a downturn. You can make money anytime. There are shares that are selling at 15% of what they will be worth in 7 years (Bank of America, Regions Bank, etc). If you just want to put your money in someone's hand and go on vacation or just go on with life buy Mutual Funds and they'll do the work (and charge you because they have families too). If you worked for ENRON, your spouse worked for ENRON, and your 401(k) was 90% ENRON stock you were, greedy, stupid, or both. But I still feel sorry for whoever lost everything to those thieves.
If you are hard working (not even very smart) and have a good idea or product: invest everything you have and you will see it payoff. It will take years...perhaps a lifetime
There is no correlation between Net Worth and Intelligence (I work with wealthy people that are dumb as a rock but very persisitant). Sometimes being very "well educated" is a handicap: you end up never taking risks. The higher the risk, the bigger the payoff...

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