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:
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.
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