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Author Topic: Is investing in stock morally ok?  (Read 1578 times)

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Offline SimpleMan

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Re: Is investing in stock morally ok?
« Reply #15 on: June 24, 2022, 10:59:53 PM »
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  • This video gives the impression that American stocks don't pay any dividends. It this true?

    I have some investiments that I intend to keep, and that pay some decent dividens. Some as high as 20% per year.

    I just thought that I could make some more money if I invested in stocks that I don't intend to keep, taking advantage of the price fluctuation.

    Apparently, this is not a sin. A SSPX Priest has just said the same to me as most of you on this thread.

    I believe that once we are forced to live in the capitalist system, we have to make our profit from unreal money, since every money these days has no real value.

    To my understanding, it all started when it was decided that the US dollar would not have its value backed by gold anymore. Gold is real wealth. Paper money is not.

    Any retailer buys merchandise that he "doesn't intend to keep".  Selling it for a profit is no sin.  That's how retail works.

    So what is the difference between buying merchandise to sell, and buying an ownership interest in a company to sell?  Both are assets and both have value.

    Offline SimpleMan

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    Re: Is investing in stock morally ok?
    « Reply #16 on: June 24, 2022, 11:15:54 PM »
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  • The creator of the video, Tan Liu, wrote a book called The Ponzi Factor

    From the book:


    Introduction




    Chapter 6



    Continued

    I'd never thought of it this way before.  Quite the education.  Thanks so much.