I know only ONE thing regarding stocks::
IN 1997, when I left the Tandy repair job—I had some of their stock. 35 shares..Over the nexst 3 years...it split THREE times—and in late 2000..it topped 10k in value!! I thought it would ALWAYS be “great”. but, sometime near Christmas...SOMEONE who came into the repair shop I was workng at then..convinced me to “roll that stock into Oracle”. Fr SOME reason...I just accepted his word, without much questions—and did so. Not long after that...the market tumbled..That Tandy stock TANKED...and it NEVER came back. oracle DID. I got 281 shares of it from the Tandy stock—and sold 50 last year for a “need for property taxes”.
Move forward to today...I still have the 231 shares of Oracle. It is worth almost 8000. had I kept with Tandy—that 140 shares is now worth a little over 4 HUNDRED!!
I never even really knew this guys name. But...he did me a HUGE favor!!
Yes, the 90's were fun weren't they. Could buy an "unknown" Alaskan Internet stock for $2 on Friday and sell on Tues next for $22. But that was "play". Splits common. EZ as watching CNBC + their stock hypes for the day. But better to be have knowledge/or be part of a company in the tech/internet/equip maker related sector at the time. You know who was strong, who was not.
The reason for my first post was when govt, politics and/or Elections r involved-- the reckless rethoric for Votes caused serious financial consequences to all investors, the whole world as well. Again the "uninformed voter" spurs on a "good crisis" set into action by politicians.
In Washington: One can run for office with very little money to one's name and wind up with over a hundred million dollars by the time you become Sec of State [marrying up also helps ;)] Very little risk involved.
I happily still rely on the advice + "long term" services provided by my financial professionals. It's not just buying this or that co. stock anymore.