I got paid pretty good shorting rite aid when I knew the walgreens merger was falling apart. I got paid pretty good for predicting that Trump would make everyone think that the fracking stocks would go up, even though oil is holding steady at a price that makes LNG less competitive. I may make some more money when they get closer to opening the cracking plant in PA. I make some money off Lumber Liquidators when I saw they had positive earnings and were opening new stores while simultaneously being bashed by 60 minutes over some Chinese hardwood flooring that had too much formaldehyde in the curing process, because I figured it wasn’t really too much and that it was just the state of California raising hell about consumer issues and bashing corporations as they tend to do. Hell, in California…everything gives you cancer, but we all know that isn’t true, and the market knew it too. I made some money of Tazer when the kid got shot in Missouri and the body cameras got mandated by 100s of police jurisdictions, since tazer makes the cameras I knew they’d be selling shit tons of them and I saw it almost triple. I made some money when burger kind did a partial merger with tim hortons for tax inversion purposes because good balance sheet or not, wall street always rewards companies that avoid taxes as that it one of the core principles of the wealthy and for better or worse they’ll help a company increase their market cap if they see them acting on those cannibalistic principles. I made some money when glaxo smith kline took a dip over allegations of using sexual favors to gain contracts in Chinese hospitals, because love it or hate it, sexual favors are a good way to get clients to buy products. I could go on and on. I made a shit load of money once when I bought 4 medical marijuana stocks the November before Colorado went legal on the recreational stuff, because I knew that idiots would run up the bids without doing any due diligence because the average retail investor is a moron. Bought a car that way. I bought and help in a drip plan a bunch of lockheed martin when I realized Saudi Aramco was going to go public. Averaged in the 170s, sold just over 300. I’m hoping that they do the IPO and run up prices through opec cuts to get as much as they can in the initial offering so that the LNG will be viable, then I’ll flip shares of CHK until Aramco decides to open up production and gain market share since they can get oil from the ground for cheap enough to send XOM down to 60 a share. I bought UNP when Obama attacked coal plants and slowed down the cargo and sent them to the 60-80 dollar range, sold out just over 100 a share. I could go on and on.
There’s no disparity of opportunity in America. There’s just a bunch of lazy, disinterested assholes out there who could be reading the same news that I read, and doing the same thing I’m doing, but they’d rather read harry potter and half assed garbage then complain about how I need to pay more taxes because it’s not fair that they don’t have enough money.
A high school kid could put 50 a week into blue chips on computershare and drip the dividends, ignore the money and study the markets through college, then come out with enough saved up to quality for pattern day trading, then you can buy and sell the same shares over and over in a single session and if your ass isn’t so fucking intellectually lazy and if you give a fuck about your own future then you can make enough to do whatever you want.
But it’s easier to read lord of the fucking rings and vonnegut and try and pretend like you know philosophy because you quote Nietzsche or to just pray to god that he helps you or to just blame the ones who did the right thing and demand a fucking handout. You’re the one who had the fucking kids at 17 and never held down a job. You’re the one who went to concerts that you couldn’t afford and didn’t put the 50 or 100 a month in the bank. You’re the one who didn’t make sacrifices and take risks, but you sure as fuck think you should be able to reach into the pockets of people who studied their asses off and took risks and had discipline so that you can have something for nothing that comes from someone who put in the work and took the risks to earn it.
Anyone in America who says the game is rigged and they’re forced into poverty is completely full of shit. Until you can do something for someone that earns them 40 bucks an hour, then you’re not worth 20 and hour. And even if you can, and you think 20 an hour is good money, then you’re a fucking moron who’s expectations are so low that I don’t even know what to tell you. Sometimes, I think fuck it man, let these people starve. Oh…you just want a modest life, cheap rent, clean housing, nutritious food, a reliable car and some free time to live your life and just be happy with a moderate existence.
Let me fucking tell you something, if that’s what you want, then you’d better get to working your ass off and getting it yourself. A modest life in a place with cheap rent, and without any luxuries is gonna cost you 4000 a month by the time you pay taxes and insurance.
Who the fuck are these assholes who are like, “well I worked my 40 hours, where’s my good life and all the stuff I need”?
No one owes you that or anything else, and until you realize that leverage is what you need, and intelligence and an understanding of how money gets moved around in the world, then it’s your own damned fault that you don’t have what you need.
Poor people are usually poor because they cling to principles that in the end don’t serve their economic interests, then they want to take from those who did what they needed to have more than they needed.
Total fucking shit show trying to get people to realize that.