Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
mich800 wrote:If there are 10 people in a room and each has 100 shares and 1,000 dollars..... You can trade with each other all day long in any combination. The room still has a net total 1,000 shares (10 x 100) and $10,000 in cash (10 x $1,000) Yes some will win, some will lose. Net sum is zero because within the room as a whole the total is unchanged. Zero sum. QED
You may need to rerun the math. Person in my example made $400. And I would be even unless I sold at the end of trading day. Why are you assuming there is a buyer and seller that coincidentally have the exact cost basis?
