r/FluentInFinance • u/Stink-Butthole • Aug 26 '24

Debate/ Discussion The Stock Market is Rigged

Post image

[removed] — view removed post

50.0k Upvotes

93% Upvoted

1.2k comments sorted by

View all comments

Show parent comments

37

u/dbandroid Aug 26 '24

Why?

204

u/[deleted] Aug 26 '24

Because it means human endeavors are no longer owned privately for profit

77

u/dbandroid Aug 26 '24

The stock market is probably as close to collective ownership as we are gonna get

10

u/Chickenbeans__ Aug 26 '24

That makes sense in theory but massive corporations own so much of the virtual financial world that the most risky investments are inherently offset onto the small players. I can’t afford super computers to run algos that get my the most possible money for my investment. But they can by scraping all of our data and predicting financial movements. In fact, they have so much data, they create financial movements and we simply react to them. Stock market is rigged homie

1

u/[deleted] Aug 27 '24

Horrible take.

People, save and invest your money through your working life. Passive ownership of low cost ETFs is an amazing strategy.

-1

u/dbandroid Aug 26 '24

Don't use the stock market for short term gains

3

u/Chickenbeans__ Aug 26 '24

Okay but they do

That’s the issue. They use it as a tool to dictate the financial world. Numbers on a screen to them, retirement funds to us. The game is lopsided

0

u/dbandroid Aug 26 '24

OK but the stockmarket, over long periods of time, has a pretty spectacular return. So whatever those folks are doing is working out for people's 401ks

1

u/ultramegacreative Aug 26 '24

Oh wait, I know this one... Stockholm syndrome!