Stock and mutual fund propaganda

Discussion in 'Stock Market' started by Gadawg73, Mar 8, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    If you bought a stock and it went up 60% in the first year and then went down 50% in the second year what would be your gain?
     
  2. william the wie
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    william the wie Gold Member

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    -20%
     
  3. editec
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    editec Mr. Forgot-it-All

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    Nothing...until you sell it.

    Then you'd gain a write-off on your taxes.


    Assuming you'd made enough to write it off, of course.
     
  4. Gadawg73
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    Gadawg73 Gold Member

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    Exactly but stock and mutual fund companies LEGALLY can state that this transaction resulted in a 10% GAIN. 60% the first year less the 50% the next year is the fraud they sell.
    Never trust any stock or mutual fund sales or advertising statements as fact. They lie.
     
  5. Valerie
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    Valerie Gold Member

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    Yes, and politicians do the same thing when discussing economic issues.

    Funny thing is most of them probably don't even understand it. :eusa_shhh:

    ALWAYS dig deeper for real numbers when they express the info in "percentages"!
     

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