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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 778766" data-attributes="member: 2426"><p>Does that less than 50% breakdown include people who own mutual funds, or people who have IRAs, 401ks, or pensions with stock or mutual fund holdings? I could easily be wrong, but my guess is that many more than 50% or Americans have some investments in stocks even if it isn't a liquid investment directly in a particular stock.</p><p></p><p>Also, I was pushing back on the idea that people only make money when stocks go up and only lose money when stocks go down. There are some who make money when a stock goes up and other who lose money because that stock went up. That is evidenced by Melvin Capital's losses with GameStop. I have no data, but I highly believe that there are very few non-wealthy who routinely short stocks. IMHO, it would be crazy for a small investor to regularly short stocks. The possible gain is limited, but the potential losses are infinite. If a person with a net worth of $1,00,000 shorted $10,000 worth of GameStop 1 year ago they could be in bankruptcy now. Maybe I am too conservative, but that is too much exposure with too little possible gain for me.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 778766, member: 2426"] Does that less than 50% breakdown include people who own mutual funds, or people who have IRAs, 401ks, or pensions with stock or mutual fund holdings? I could easily be wrong, but my guess is that many more than 50% or Americans have some investments in stocks even if it isn't a liquid investment directly in a particular stock. Also, I was pushing back on the idea that people only make money when stocks go up and only lose money when stocks go down. There are some who make money when a stock goes up and other who lose money because that stock went up. That is evidenced by Melvin Capital's losses with GameStop. I have no data, but I highly believe that there are very few non-wealthy who routinely short stocks. IMHO, it would be crazy for a small investor to regularly short stocks. The possible gain is limited, but the potential losses are infinite. If a person with a net worth of $1,00,000 shorted $10,000 worth of GameStop 1 year ago they could be in bankruptcy now. Maybe I am too conservative, but that is too much exposure with too little possible gain for me. [/QUOTE]
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