-9.2 C
New York
Monday, December 23, 2024
HomePerspectives
Perspectives

Love Smoking Crack? AND Investing? Allow Me to Introduce…AIG!

By Ilene
0
136

Love Smoking Crack? AND Investing? Allow Me to Introduce…AIG!

Courtesy of Joshua M Brown at The Reformed Broker

Love smoking crack?  Love investing, also?  Well now you can combine two of your favorite activities, enjoying both at the same time!

How, you ask?

Simple!  Allow me to introduce you to…AIG, the former insurance company stock that now exists purely for trading purposes:

aig

AIG 10 day chart

Here’s a “stock” that for any reason (or no reason at all) on any given day can, should and will be up or down by 10% or more.  You can set your watch to it.

I have no idea what this stock actually is…does it actually represent a business or just the stub of an 87% government-owned business?  Is it a commodity?  A lotto ticket?  A trading vehicle?  Is it bigger than a breadbox?

Is there any rhyme or reason whatsoever to this stock’s gyrations or are we simply witnessing  the largest-scale tug-of-war match in history?

If it is a real business, shouldn’t we wonder why exactly it’s market value should fluctuate by 30% + on a bi-daily basis?

Oh, and the best part?  Whether you like it or not, if you’re a US taxpayer, you’re a shareholder in this nonsense.

Enjoy!

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,328FansLike
396,312FollowersFollow
2,330SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x