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I inherited stocks in 2009. And I can say that the price just hasn't gone up since then. Sure every once and a while it goes up... and then down again. I am starting to think stocks are a scam. Certain unknown factions raise the price so they can sell at a profit. Over and over again the price rises just slightly above what I purchased it for and then down.
I mostly bought them for dividends but there they cheat too. Doing reverse stock splits and then not changing the dividends.
And every time I sell them I spend $100 in fees.
Now that interest rates are rising I would prefer a solid if not small return.
I inherited stocks in 2009. And I can say that the price just hasn't gone up since then. Sure every once and a while it goes up... and then down again. I am starting to think stocks are a scam. Certain unknown factions raise the price so they can sell at a profit. Over and over again the price rises just slightly above what I purchased it for and then down.
I mostly bought them for dividends but there they cheat too. Doing reverse stock splits and then not changing the dividends.
And every time I sell them I spend $100 in fees.
Now that interest rates are rising I would prefer a solid if not small return.
No, stocks are not a scam but you obviously have the wrong ones. Secondly you should be paying $5 a trade not $100, who is your brokerage firm? $100 a trade is a joke!
For most of us the way to build a retirement fund is stocks. But from your post you are best to get out of the market or hire a financial planner to help you.
Remember your bonds will not protect you from inflation and your living costs could double during your retirement.
I inherited stocks in 2009. And I can say that the price just hasn't gone up since then. Sure every once and a while it goes up... and then down again. I am starting to think stocks are a scam. Certain unknown factions raise the price so they can sell at a profit. Over and over again the price rises just slightly above what I purchased it for and then down.
I mostly bought them for dividends but there they cheat too. Doing reverse stock splits and then not changing the dividends.
And every time I sell them I spend $100 in fees.
Now that interest rates are rising I would prefer a solid if not small return.
You inherited the wrong stocks. I'm guessing an energy name. Of 468 S&P 500 stocks that have been trading since the bottom in 2009, these 12 are the only ones that didn't show a gain (from March 2009 to March 2017). Notice that for the longer 15 year period two thirds of even these losers were positive.
If you have socks that didn't go up since 2009, you have ****ty stocks. You are obviously too dense to look at a DOW or Nasdaq 10 year chart or understand percentage returns. You should have easily doubled your returns. Not only that, but the markets crashed during the recession and they should have and shot up during the recovery and now boom as they should have. Calling that a scam is pure ignorance. The markets did as they were supposed to.
??
Which brokerage is charging $100 to buy or sell?!!
Which company stocks to you own? Are they mutual funds perhaps?
That's such as shame as the returns from 2009 for stocks have been excellent.
Just because you inherited something is no reason you should have hung on to them. One option would have been to get out of relatively risky individual stocks and get into a cheap mutual fund (or several) that met your investing needs/purposes. But you were passive and just hung on to what you got...now you think it's all a cheat bascially because you didn't do your due diligence.
You'd have done better to come to this forum (or any fee-based advisor) way back at the beginning. Your blase attitude may conceal some real concern - get some real advice before you just give up.
If you have socks that didn't go up since 2009, you have ****ty stocks. You are obviously too dense to look at a DOW or Nasdaq 10 year chart or understand percentage returns. You should have easily doubled your returns. Not only that, but the markets crashed during the recession and they should have and shot up during the recovery and now boom as they should have. Calling that a scam is pure ignorance. The markets did as they were supposed to.
+1.
Nonetheless, I sense an agenda of sorts on the horizon.
I inherited stocks in 2009. And I can say that the price just hasn't gone up since then. Sure every once and a while it goes up... and then down again. I am starting to think stocks are a scam. Certain unknown factions raise the price so they can sell at a profit. Over and over again the price rises just slightly above what I purchased it for and then down.
I mostly bought them for dividends but there they cheat too. Doing reverse stock splits and then not changing the dividends.
And every time I sell them I spend $100 in fees.
Now that interest rates are rising I would prefer a solid if not small return.
Wow..so your ignorance about your own finances creates a situation where you call all stocks a scam??? Priceless.
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