Quote:
Originally Posted by Beingist  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. |
It generates tax revenue and I put money back into the economy by spending it.
What about real estate investing or just plain old buy and hold investing - what benefit does that have to society?
The money I trade provides liquidity into the financial system and helps move price in the direction it goes in, this will benefit some and not benefit others.
If like Buffet, Soros and countless other financial entrepreneurs and institutions I decide to donate money to charity then there will be many beneficiaries.
But yes, I don't manufacture anything or provide a service through my trading, and I'm OK with that. Maybe when I branch out into venture capital and real estate I will 'provide a service' but until then I'm trading what I can with the capital I have available.
Not that I have any justification or need to propve anything to anyone. I'll let the 'judging' people get all upset about their own personal beliefs of what they think is right and wrong while I get on and make money and one day make a real difference.