It is taking money from everyone...

Posted by tunenut (A) on March 31, 2014 at 15:58:33

In Reply to: Wall Street Isn't Rigged posted by Inmate51 on March 31, 2014 at 11:25:21:

If a mutual fund loses a few cents per share on a big trade during a day, then the closing price that day will be a little less because of the loss.
Trade by trade, such losses seem very small, but obviously the people doing it are making many millions, so the losses must also add up to many millions.

If Mr. Average Investor loses a little each day on the price of his mutual fund, that compounds over time to a big amount. It's a zero sum game after all.

Now the truth is, there are many many ways that investors are screwed over by brokers every day. A few cents per share is probably less important than a lot of other accepted ways that brokers take money from investors.

But it is definitely good that this has been brought to light.

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Follow Ups Full Thread

Topic - Wall Street Isn't Rigged - Inmate51 11:25:21 03/31/14 (22)

Wall Street Has Always Been Rigged........... - abs1 15:08:02 04/1/14 (0)

Really, well b#@%%#$r me! - Timbo in Oz 00:38:52 04/1/14 (0)

Welfare fraud similarly is miniscule. Should we ignore it? nt - tinear 17:54:56 03/31/14 (3)

RE: Welfare fraud similarly is miniscule. Should we ignore it? nt - Awe-d-o-file 07:27:58 04/3/14 (0)

"Everything Counts in Large Amounts" - Steve O 18:11:13 03/31/14 (1)

Watch your parking meters. nt - tinear 12:41:01 04/1/14 (0)

It is taking money from everyone... - tunenut 03/31/1415:58:33 03/31/14 (1)

RE: It is taking money from everyone... - Awe-d-o-file 16:30:17 03/31/14 (0)

Limbaugh tells us the very same thing today... - Steve O 12:19:22 03/31/14 (10)

Except... - mkuller 12:26:52 03/31/14 (9)

RE: Except... - Steve O 13:09:13 03/31/14 (8)

So you're saying... - mkuller 14:14:14 03/31/14 (7)

Yes... - Steve O 15:09:50 03/31/14 (0)

I think te Oper is far frm being a dittohead. Of course, we all are wrong on occassion - Road Warrior 14:41:46 03/31/14 (5)

Common Tater - Inmate51 06:51:04 04/1/14 (0)

RE: I think te Oper is far frm being a dittohead. Of course, we all are wrong on occassion - Awe-d-o-file 16:28:41 03/31/14 (3)

RE: I think te Oper is far frm being a dittohead. Of course, we all are wrong on occassion - Inmate51 16:08:05 04/1/14 (2)

"More successful" - badman 10:18:43 04/2/14 (1)

RE: "More successful" - Inmate51 15:08:35 04/2/14 (0)

RE: Wall Street Isn't Rigged - Awe-d-o-file 12:18:56 03/31/14 (0)

RE: Wall Street Isn't Rigged ? - cdb 11:57:44 03/31/14 (0)

I saw the 60 Minutes story... - mkuller 11:51:11 03/31/14 (0)

Follow Ups

It is taking money from everyone... - tunenut 03/31/1415:58:33 03/31/14 (1)

RE: It is taking money from everyone... - Awe-d-o-file 16:30:17 03/31/14 (0)

It is taking money from everyone...

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