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<blockquote data-quote="twoweeled" data-source="post: 2200178" data-attributes="member: 27108"><p>No question about it. Investing in a 401K is a no brainer. We and everyone should be in it. </p><p>I used to day trade (a little) years ago. I was invited to a brokers meeting with a few other traders. I was the small time guy, BY A LONG SHOT in this bunch. I don't know how I was invited to this small intimate meeting. I had the opportunity to talk with a couple of these guys. Market makers and stock traders from among the largest firms. One of them was telling me, there is no doubt they are able to swing the markets. Not always, but much of the time. They have so much money at their disposal, the leverage is enough to make day charts look like something they are not. But, that is mainly something that effects the day trader. The long term guy not so much. But no doubt, we don't have the knowledge and information the big guys have. The buy and hold just doesn't seem to as effective as it once was. Maybe just my perspective. I had days where I was just trying to make .20 on a stock and felt myself being taken for a ride. But it was fun!</p></blockquote><p></p>
[QUOTE="twoweeled, post: 2200178, member: 27108"] No question about it. Investing in a 401K is a no brainer. We and everyone should be in it. I used to day trade (a little) years ago. I was invited to a brokers meeting with a few other traders. I was the small time guy, BY A LONG SHOT in this bunch. I don't know how I was invited to this small intimate meeting. I had the opportunity to talk with a couple of these guys. Market makers and stock traders from among the largest firms. One of them was telling me, there is no doubt they are able to swing the markets. Not always, but much of the time. They have so much money at their disposal, the leverage is enough to make day charts look like something they are not. But, that is mainly something that effects the day trader. The long term guy not so much. But no doubt, we don't have the knowledge and information the big guys have. The buy and hold just doesn't seem to as effective as it once was. Maybe just my perspective. I had days where I was just trying to make .20 on a stock and felt myself being taken for a ride. But it was fun! [/QUOTE]
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