Quote:
Originally Posted by Peterw  Thinking about this after a night's sleep the answer is very simple.
Anyone who puts their money anywhere other than a savings account with the intention of watching it grow over time will (should!) benefit from trading.
Without trading and traders then you can just have bank interest from a savings account for your retirement/investment.
I think anyone who thinks traders and trading is a worthless profession should remove any funds they have in any kind of managed fund/401K/retirement fund etc immediately and place it in a bank deposit account!
Enjoy your 0.5% interest and I hope taxes and inflation are good to you in your golden years  |
You misunderstood the question. I'll rephrase--
You, obviously, are a trader. What benefit does your trading offer society? If you were in manufacturing, distribution, agriculture, or in a service-oriented field, there is a benefit. But, I see no benefit to society as a whole. It's all for yourself, and yourself alone.