Go, Economy!

I noticed this too. There was speculation the iPhone wasn't selling well (according to recent no. #'s) due to Apple cutting orders of glass and other iPhone parts. Tim Cook told TechCrunch that this wasn't even because of low demand but them changing some of their supply channel (they're prepping to make some product manufacturing from China in to the US, actually!)

What a shit show speculation can lead to.

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Originally Posted by Diff-chan

Based on efficient market theory, it is impossible to have more information than the other people.

I'm not some connected Wall Street hotshot so in reality, I have less information than other people.

The individual stock market is not for average Joes.

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Well, you do have more knowledge about say, the video game market perhaps? Having the on the ground feel for the way markets are going is, and what is actually good, is a very valuable skill. Of course, that is probably more for long term investing.

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Originally Posted by Diff-chan

the TV business is terrible now.

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Yeah, but a TV with the features from the Apple TV set top would sell like cocaine covered chocolate bars.

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Originally Posted by Anthony

Having the on the ground feel for the way markets are going is, and what is actually good, is a very valuable skill. Of course, that is probably more for long term investing.

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This is what I do with music gear.

Exactly. In fact, the point of the market to a degree is so that people who know more about the real value of things appropriate the money correctly. Inefficiencies run rampant though.

There is always money to be made on the stock market, more than anything its about patience. The apple stock will probably recover and continue to grow.

People love to villainise the stock market because of its volatility, but if you take liquidity in as a factor, its really not much worse than the property market. You don't value your house in real time, and that value isn't based on true demand for your specific house. Anyone who has sold property will also tell you that it's a long and painful process. With stocks, you have the option to sell at almost any time and know exactly what you will get for it. You can always wait months and months to sell your stock for the right price too.

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Originally Posted by Anthony

Inefficiencies run rampant

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And then I buy their gear for hilarious prices.

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Originally Posted by arjue

There is always money to be made on the stock market, more than anything its about patience. The apple stock will probably recover and continue to grow.

People love to villainise the stock market because of its volatility, but if you take liquidity in as a factor, its really not much worse than the property market. You don't value your house in real time, and that value isn't based on true demand for your specific house. Anyone who has sold property will also tell you that it's a long and painful process. With stocks, you have the option to sell at almost any time and know exactly what you will get for it. You can always wait months and months to sell your stock for the right price too.

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No, I don't think people villainize it because of volatility. They villainize it because they perceive it as rigged, and it's not like there is a shortage of evidence there.

I mean, you have companies spending billions of dollars to shorten the wire that connects them to the trading site. It's hard for regular folks to compete with that.

Like I said, the stock market is best if you can diversify. Bundling up all your net worth in a single piece of property is a bad idea too. It's just mitigated somewhat by the fact that you need to live somewhere.

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Originally Posted by Fe 26

Everything I've read says you really shouldn't bother unless you are rich enough to diversify and you don't need your money as you will be waiting to see any kind of worth while returns.

But this was just picked up from here and there. It might be wrong.

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You can just build up your portfolio over time though. Even if you're not Z-oMGeee rich. Back in college IIRC I was told in Finance class that about 30 or so different stocks from quality companies in various industries is generally enough to be considered "diversified". I don't think you'd have to be crazy rich to make this happen over the years of course you won't get mega returns but if you're not rich to begin with you're not gonna get mega returns anyways.

The stock market is fairy dust and you should all feel bad for talking about it.