It’s quite obvious Lemont should let someone else handle his financial matters, like his son
I decided to sell my 481 or so shares of Texaco stock back in 1995. The broker who was supposed to sell it for me waited until it had dropped from $135 or so, down to $65 or so per share. Or, he claimed he hadn’t sold it earlier.
It is good I do not walk around armed or know his address.
It meant the difference between paying for my home with cash and having to finance part…and I hate to be in debt. (Don’t think I’d like prison either.)
People tell me to invest in stocks. Comics like this remind me why I’m glad I don’t…
You can be successful in the stock market, but it takes research and patience. I was very lucky. My father-in-law figured it out and my wife and I learned a great deal from him.
Unfortunately there are not a lot of alternative options: 5 year CDs paying < 1%, bonds < 2% and if interest rates go up their value goes down, put the money under mattress, buy gold/silver risky too.
ETF’s based on the S&P and rebalance regularly. Have realistic expectations. 4 to 8% annual long-term returns. Invest 15% of your income.
I invested $25 in a new clothesline today. Mama Panda will be happy when it’s strung up. She’s happy, I’m happy. Good return on investment.
Still waiting for that stock market crash that the Trumpers predicted as soon as Biden won… gee, the Stock Market hit another new high the other day…
That guy must be the WORST hedge fund manager in the world, if he’s taking the bus.
There is many a gap between legal and honest. To invest wisely you must start with money to invest. I inherited some stocks from my Mom, I ended up selling them all to pay medical bills.
It’s not just rigged, it’s favored. Wall Street got two payments totaling around $5 trillion, the first of which literally disappeared almost immediately, for COVID relief. But us Joe Schmoes had to settle for a one-time, means-tested, single $1200 payout, which barely amounted to billions, much less trillions, in aid.
Oh sure, there’s been other aid put out there, but nothing like what Wall Street got just so a bunch of rich people could get richer. Again.
Never bet against the House.
I made a ton of money in the S&P 500 futures market. The entire concept is insane. Buying and selling a future option to buy or sell a “product” that does not exist. But legal, so I did it. Doesn’t take a lot of money to start so most people have access. You too can play with the big boys (and hope you don’t get burned).
Commodities futures are a bit of a stretch but at least you have actual consumable physical products eventually involved. But stock futures? Options? Puts and calls, shorting speculation?
I suspect the markets, the economy and our lives in general would be a bit more stable if securities trading was limited to the actual stocks and bonds instead of bets on bets on the futures.
That’s not how it works. And anyone can do it, if they have the guts. You can lose your a$$ sometimes.
Buy and hold into IRA’s, 401K, etc and live modestly for 40 years. By the end of my career, for me these investments were making three times as much as my salary. Now I’m comfortably retired.
Because Congress cut the SEC’s Budget for Auditors and Prosecutors.
Hey Darrin, I joined this site and subscribed just for you because of this comic. Thanks so much for bringing this issue into the mainstream just a little bit further with your art. I know some people on reddit would love to invite you to do an AMA (Ask Me Anything) about your work and career as a comic artist, and your views on the stock market. There are a lot of people who share your viewpoint there and who would love to pick your brain about comics as well. I subscribed to your patreon, we can talk privately there if you’re interested!
This seems an opportune time to promote a book I’m currently reading, enjoying, and learning from: Evil Geniuses: The Unmaking of America: A Recent History, by Kurt Andersen, author of Fantasyland. https://www.kurtandersen.com/evil-geniuses
Darrin Bell and Theron Heir