william the wie
Gold Member
- Nov 18, 2009
- 16,667
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We need to do a better job of teaching personal finance to kids, something that is sadly lacking today.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.
So the wealthy invest in the stock market, yet most Americans aren't invested. Sounds like we need to imitate where the rich invest their money.
I doubt that is even remotely possible. Hiring a bookkeeping service is not hard to do. Nor is it hard to hire someone to get multiple fire walls to bank by computer. The NPV of different degrees was readily available back in the seventies when I was sucking up my GI Bill but most people do not.
You don't need to know bookkeeping but you do need to read a P&L statement and understand what is going on in a business numbers wise.
We need to do a better job of teaching personal finance to kids, something that is sadly lacking today.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.
So the wealthy invest in the stock market, yet most Americans aren't invested. Sounds like we need to imitate where the rich invest their money.
I doubt that is even remotely possible. Hiring a bookkeeping service is not hard to do. Nor is it hard to hire someone to get multiple fire walls to bank by computer. The NPV of different degrees was readily available back in the seventies when I was sucking up my GI Bill but most people do not.
You don't need to know bookkeeping but you do need to read a P&L statement and understand what is going on in a business numbers wise.
We need to do a better job of teaching personal finance to kids, something that is sadly lacking today.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.
So the wealthy invest in the stock market, yet most Americans aren't invested. Sounds like we need to imitate where the rich invest their money.
I doubt that is even remotely possible. Hiring a bookkeeping service is not hard to do. Nor is it hard to hire someone to get multiple fire walls to bank by computer. The NPV of different degrees was readily available back in the seventies when I was sucking up my GI Bill but most people do not.
You don't need to know bookkeeping but you do need to read a P&L statement and understand what is going on in a business numbers wise.
It is to screen for that but the point is personal finance generally sucks.We need to do a better job of teaching personal finance to kids, something that is sadly lacking today.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.Since most Americans have little or no money invested in the stock market, changes in stock prices are of little or no benefit to them. Those that see the big benefits in bull markets are the top 20% who own 92% of the stock.so that's little benefit? I have a different definition than you. that's 100 Million families.
The value of a bull market is indirect for most people. It certainly has a positive effect on the economy by increasing the overall expansion of business but most people are unaware of that.
So the wealthy invest in the stock market, yet most Americans aren't invested. Sounds like we need to imitate where the rich invest their money.
I doubt that is even remotely possible. Hiring a bookkeeping service is not hard to do. Nor is it hard to hire someone to get multiple fire walls to bank by computer. The NPV of different degrees was readily available back in the seventies when I was sucking up my GI Bill but most people do not.
You don't need to know bookkeeping but you do need to read a P&L statement and understand what is going on in a business numbers wise.
Stupid/ignorant personal finance is the problem that destroys any hope of wealth.