Thursday, April 3, 2014

The Stock Market is Rigged

In my book, Invest Local, I have a lengthy discussion and demonstration of how the financial industry uses mutual funds to secure guaranteed returns for themselves while diminishing the long term potential for their clients.

Here is a great post regarding the new book Flash Boys that describes how the financial industry takes advantage of High Frequency Trading to skim a tiny percentage off of almost every stock market transaction.

Incredible.  The whole system is rigged against the individual investor.

Here is a great article about the book and its revelations from Charles Hugh Smith.



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