ONLINE INVESTING FAQ!
Q: What drives the online investor?
A: The same thing that drives Hollywood, according to John Malkovich: "Those identical twins, greed and stupidity."
A: No. In fact, maybe a large number of online investors aren't greedy at all maybe they just don't value money enough to resist throwing it around carelessly. That's sort of admirable and anti-materialistic, at some level. As long as you don't think of all the people who could really use that money. But then, who does?
A: My theory is they really like feeling organized and in control. It's hard to feel like you're organized and in control with a mutual fund that sends you a statement every quarter along with a prospectus you can't understand. Such situations provoke guilt and anxiety. Going online and buying stocks gives you the illusion of more control.
A: No. After a while, your stocks stop doing incredibly well, and you start to feel like you should read the business section, which you do for a few weeks. Then you stop reading it, and you feel guilty and anxious again.
A: All what money? I don't have a lot of money. We're talking hypotheticals here.
A: If you tell me an anecdote about someone who bought eBay at $10 a share or someone who sold the domain name asshair.com for over $1 million, I will beat you to a bloody pulp.
A: I'm not sure. If I had a lot of money, I'd probably stop writing Filler every week.
A: Tough shit for them, huh? Ha ha ha.
Next ... More unfocused questions and chafing answers!