Interesting little factoid \/ as described by wikiwiki … stocks are used as restraining devices for the feet, a form of corporal punishment and public humiliation (\u00e1 la social spanking). The pillory, by contrast, is distinguishable via its confinement of hands and head\/neck.<\/p>\n\n\n\n
So now we just get pilloried by stocks. <\/p>\n\n\n\n
Ahh, this. <\/p>\n\n\n\n
The Fab Four of Stocks (or Equities \u2026 investment in & ownership of)
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2026 Increase \/ Income \/ Inflation \/ Impositions\u2026<\/p>\n\n\n\n
And yes<\/em><\/strong> Little Orphan Annie is the plucky waif upon whom Daddy Warbucks bestowed his whimsical largesse and yes<\/em><\/strong> I\u2019m mixing allegorical metaphors (or is it a metaphorical allegory? Eschew obsfucation already whatevs) but the poors get nothing by design so more likely wealth is left to the wealthy sothere<\/em><\/strong><\/p>\n\n\n\n Back to regularly scheduled programming \u2026 which was what, exactly? Which are what?\u00a0 Whelp, somewheres around these parts is a handy-dandy chart \u2026 go look at that.\u00a0 But stocks \u2013 in a colorful, CliffNotes sense \u2013 are little slices of corporate apple pie, where one can have a slice of the pie and hold onto it or serve to another, and the whole pie will either grow in size or get fully consumed by maggots. \u00a0In either event \u2026 that is your slice of pie.\u00a0<\/p>\n\n\n\n Now, if you want a piece of a pie, you must have it with cheese, or possibly whipped cream.\u00a0 In industry terms that little dollop is called \u201cthe spread,\u201d or the fee charged by the trader to execute the order placed by the broker on behalf of the investor.<\/p>\n\n\n\n See, to get a piece of the pie, must go to the pastry shop.<\/p>\n\n\n\n In industry terms called \u201cthe brokerage firm.\u201d <\/p>\n\n\n\n In the pastry stop, there is a baker, and a dessert chef.<\/p>\n\n\n\n In industry terms called \u201cthe broker” (the salesman) and When ready to buy a slice of pie, head on over to the pastry shop and ask the baker for a slice, who then tells the dessert chef to box it up for you. But you must have cheese.<\/p>\n\n\n\n So, in industry terms, if wanting to buy\/invest in stocks, head on over to the brokerage firm, who connects you with a broker \u2026 you tell the broker what you want, who in turn tells the trader to execute the order to buy the stock on the open market.<\/p>\n\n\n\n And everybody gets a piece of the pie. And while need not go through a brokerage firm, broker, or trader to buy stocks, the book highly recommends it.<\/p>\n\n\n\n Brokerage firms\/brokers offer (sell) advice as well as arrange for the purchase and sale of stocks on behalf of investors.<\/p>\n\n\n\n There are discount brokers, who only offer (sell) the service of buying\/selling stocks without any advice.<\/p>\n\n\n\n Also can buy the stock directly from the company BUT too much bother so don\u2019t bother. <\/p>\n\n\n\n In any event, just like bonds, stocks are just one piece of the total investment portfolio pie.\u00a0 Find one \/some you like, and hold.\u00a0<\/p>\n\n\n\n On September 3, 1929, the Dow sat at 381 points.\u00a0 About two months later, it closed at 189, ultimately sliding to slightly above 40 points in July 1932.\u00a0 And yes, that was the entire value of the stock market. However.<\/p>\n\n\n\n In November 2023, the Dow closed at over 35,000. Jump much?<\/p>\n\n\n\n So \u2026 methinks buy and hold may be sound advice. <\/p>\n\n\n\n Ya think?<\/p>\n","protected":false},"excerpt":{"rendered":" Interesting little factoid \/ as described by wikiwiki … stocks are used as restraining devices for the feet, a form of corporal punishment and public humiliation (\u00e1 la social spanking). The pillory, by contrast, is distinguishable via its confinement of hands and head\/neck. So now we just get pilloried by stocks. Ahh, this. The Fab … <\/p>\n
Oh right. Stocks. Or equities, as it t\u2019were.<\/p>\n\n\n\n
Caramel sauce? Hmmmyumm<\/em> …<\/p>\n\n\n\n
\u201cthe trader” (the middleman, between the broker and the market).<\/p>\n\n\n\n
The brokerage firm charges a fee.
The broker charges a commission.
The trader gets the \u201cspread.\u201d
But, hopefully, you get rich. Or at least financially stable.<\/p>\n\n\n\n
A measly 40 points.<\/p>\n\n\n\n