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3/12/2009

18 years good enough to invest in stocks

The new ruling has just came out. 18 year olds can trade in the stock market. I don't use the word investing in stock markets. Stock markets used to be a place for long term investment. You put in some money and see them grow with the company. Not today. The stock market is like a casino or worst than a casino. The big players are manipulating the markets at will and investing in stocks is no longer like it was before. It is betting on a position every day, every hour and every second. I don't think it is the right thing for 18 year olds to be in this kind of stock market. We will turn into a nation of gamblers. is this the right way to go? At 18, the possibility of reckless trading is very high. And traders can easily be caught in bad positions and losses can accumulate into a mountain in no time. And the parents will end up bailing these kids out, that is if they are able to or can afford to.

6 comments:

Anonymous said...

Aiyoh, to stimulate the stock market mah. It is so bad now!

We are already a nation of gamblers, toto on Mondays and Thursdays, 4-D on Fridays, Saturdays and Sundays, and in between we have soccer bets, big sweep, scratch and not to mention the stock market. Very soon we will have the casino.

Matilah_Singapura said...

What a stupid rule.

No one is forced to buy or sell stocks, and you can't "harm" anyone else but your own good self.

The government is being stupid on this one.

Jaunty Jabber said...

When you see your enemy making mistakes, do not stop him.

Kaffein said...

But 18 yrs old cannot vote. What gives?!!

Kaffein

Anonymous said...

18 year olds cannot vote, however now they can invest in stocks.

They can also register as fathers when they make babies, whether or not they are having any incomes.

Matilah_Singapura said...

And before anyone forgets, 18year olds (and younger) can be "kidnapped" by the government to be FORCED to defend their country, put in harm's way and be killed simply out of the whim of the elites.