Hacker News new | ask | show | jobs
by MandieD 2602 days ago
“Why would I care as an investor? I still want the stock to go up quickly.”

That is not what investors want; that’s what speculators want. I am saving for retirement in about 15-20 years; I want my investments to appreciate a reasonable amount over that period and show a stable pattern of generating good returns - I don’t really care what their prices are like in the next few months, except for that if they’re down in price for a while, I can buy more to enjoy later.

2 comments

There used to be a time in the distant past when growth companies were financed with ordinary people’s retirement savings for just this reason.
Sure. But how do these rules prevent speculation?