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Monday, September 17, 2012

Still Rolling Along...

Just a quick summary: 

I guess I'm doing ok.


I sold all of my Intel holdings.

ETRADE:

I bought one share of QQQV, a commission free ETF that tracks the NASDAQ 500.


It's all good.

I am also trying to start a TradeKing account so I can actively trade.


Tuesday, September 4, 2012

Greed is Good.

I have just recently watched a great 1987's movie that is called Wall Street, now, you might be sitting there reading this thinking, "Wow Kevin, are you really that desperate that you need to indulge yourself in these fantasies and believing that being a stockbroker really is that exciting, corrupt, and greedy? My answer is no.

Some parts of that movie were just kinda stupid to be honest with you, but as I got somewhere into the middle of the movie I head a monologue that was said by Michael Douglas that gave me a good glimpse of how our economy will survive.

(Read the entire thing, you will not be disappointed.)


Gordon Gekko: [at the Teldar Paper stockholder's meeting] Well, I appreciate the opportunity you're giving me Mr. Cromwell as the single largest shareholder in Teldar Paper, to speak. Well, ladies and gentlemen we're not here to indulge in fantasy but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company! All together, these men sitting up here own less than three percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock; he owns less than one percent. You own the company. That's right, you, the stockholder. And you are all being royally screwed over by these, these bureaucrats, with their luncheons, their hunting and fishing trips, their corporate jets and golden parachutes. 

Cromwell: This is an outrage! You're out of line Gekko! 


Gordon Gekko: Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out!... 
One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents. The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much. 



*taken from imdb.com

Basically, the thing you should have taken from it is that...

"Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only solve (insert fictional company here), but that other malfunctioning corporation called the USA. Thank you very much."


I chose to further analyze this quote which in my opinion would be highly conflicted against by the middle class, as many believe that having so much greed becomes an undermining quality and it diminishes your other life pursuits as money is just some trivial thing awarded to those who are cheating cocky losers.

But to the rich, don't they believe that they have done nothing wrong and believe that they have just worked harder? Isn't it just pitiful how the middle-class would make fun of us when we are the ones with all the power? Is money really that bad? Are they happier because they have less money, power and greed us? Are we more desperate, lonely and greedy because we have more? Is our naturally occurring greed an undesirable trait? 

I bet people on each side would ask these own questions, as every human strives for a better lifestyle and more happiness, and here I am to just silence everyone's (the 99%'s opinions) which is that being rich is plainly nothing, and that everyone can be happy without money.

My answer which would probably fit in the 99%'s group and would also likely get them angry at me is that I truly believe that being rich is a privilege that you have to work for. They have had better education, better training and most likely for them their riches weren't handed to them on a silver platter. (Some actually were) but we are getting away from the point. Being rich is actually quite hard, otherwise everyone would be, wouldn't they? And the rich people probably have a higher standard of life than us, with luxury goods, cars, suits, social circles, everything. 

Still, there are a small population of the rich circle which are unhappy with their lives, drunkards who are mad with themselves and will someday throw themselves off of a building on a city street, but that is really just a dumb kind of stereotype middle-class men go about with rich people. They just enjoy a better life than most, and we try and comfort ourselves because we don't have those luxuries, don't we?

I found this online, very suitable.
You can still be perfectly happy being a middle-class family, but I know that people out there are just baffled and angry, saying it is not fair on how come they are not rich, while the other idiots with their dumb suits are making millions.

Basically, what I am saying is that:

You can be happy with being part of the 99%, but to be honest with you, from my experience it is just hard to be perfectly happy with your resolve as there are advertisements, magazine covers, news and just that nagging feeling while you drive your car to your 9-to-5 that there are people out there who are traveling, going to fancy restaurants and being just plain old successful, and they know it.

The only way you can be perfectly happy with yourself and just your life is GREED. It is quite, good. The only way our human civilization and economy can progress is having this sacred quality of greed, otherwise the lazy ones can sit back with their beers and watch progress and industry happen before their eyes, leaving them in the dust.

It is a fact that I know will probably not be smiled upon by the general public, but greed for a better life, better future, better social agenda is how humans have continued to innovate and create new products and methods. It is what drives us to accomplish more.

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness."

-The Declaration of Independence.





 

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