So I’m in this semester long economics class with about 4 other kids. We are learning some stuff about the stock market and the teacher says “Most Americans don’t have money in the stock market”. To me this may be true but also very stupid for most Americans to do. And then he tells us that he does not have any money invested in the stock market. And that boggled my mind.
I have had an interest in the stock market nearly all of my life. I feel I have a pretty good understanding and have been known to make some good picks. I can understand most Americans not having money in the stock market for whatever reason. But when the teacher of an economics class tells you that he does not, well something seems wrong. He’s about 26 years old but that is no excuse. How can someone not have money put away in mutual funds or something, especially a teacher? As teachers are people who do not make much money you’d figure he would save most of it and have it invested somewhere.
That’s the problem with most Americans; they are not good with money. They spend too much and do not take advantage of the stock market. They get scared by the media or are just not interested in learning how to make more money. Especially right now, prices right now are great for buying.
Is your school by any chance in the Stock Market Game? It's kinda a mock version of being a stock broker run by a syndicated paper in New York State. I get your argument, but I think maybe with the economy as such, people are more likely to invest in safer ventures (i.e. bonds, savings accounts)
Also, stock for revlon is currently ridiculously low
Yeah, we are doing the stock market game.
Read and learn. http://www.progressiveu.org/blog/simmons
From an economics standpoint not having money in the stock market makes sense. The stock market is a high risk investment opportunity, so if your professor is risk adverse maybe he invests in bonds instead. Furthermore, as far as economists are concerned the stock market doesn't make sense. Yes, prices may be determined by a market but there is no good being traded in exchange for a price so the price isn't determined on marginal utility but rather the irrational expectations of the buyers.
That said... Your teacher probably just doesn't have the money. He is a teacher, after all.
-m-
So my question, did you sell last week or the week before or the week before.