Barack Obama
Mitt Romney
I've been plagued by A's throughout my academic career. I never received a D.
From your foolish post, I'm sure you've received many D's.
Intrade is little more than a scam. Instead of making a fool of yourself by attacking me, do a little research about Intrade.
To compare Intrade to playing poker is ridiculous.
I said Intrade's investor aggregate ROI has to be negative. I'll go further......IT IS NEGATIVE! In the long term the only people who make money by consistently investing in Intrade are the owners of Intrade. Intrade pays no interest on the money one invests there.
Some "bets" require one to park cash on Intrade for several months. Intrade earns interest on those funds, the "investor" does not.
Prove me wrong or skip along.
I think he might be
That the net ROI of investors is negative does not imply at all that some individual investors have positive ROIs.
ok it was a level - i get it
Seriously hard to tell with people like you and Rollo though - maybe they are this stupid?
First of all you only pay $5/mo for infinite trades, just because you aren't getting interest on the monies held on the site doesn't mean it isn't profitable you fucking goon. If you're retarded enough to sit on a trade for a full year that's your own fault. Most of the people who make money on this site are almost in a constant state of buying and selling. You understand how a market works, right sir?
One of the most idiotic posts in the history of PFA.
This moron made that statement while acknowledging that Intrade charges a monthly fee to pipe dream "investors" for the privilege of giving interest free cash to Intrade who then turns around and earns interest on the sucker's money.
The Intrade scam is a more complex version of the American Express travelers check scam (still running today). Give AE $5000 (interest free) and they will give you a few sheets of pretty paper. As you enjoy your vacation American Express will enjoy earning interest on your cash.
Instead of pretty paper (which at least is still worth $5000 in goods and services, unless you leave a few travelers checks in your top dresser drawer), Intrade will give you the opportunity to lose all your money.
Intrade deserves its terrible reputation as an investor market. If you believe it has a good reputation, you are a clueless moron who deserves to lose his money.
Last edited by SixToedPete; 10-26-2012 at 11:08 PM.
Anytime I make a trade on the stock market I have to pay even more than this flat $5/mo infinite trade fee, I also play poker part time and I pay WAY more juice than what intrade is asking. So what's your point exactly?
I'm sorry but I feel like I'm educating a child.
Let's take your poker analogy first. Such a ridiculous analogy will never work but for the sake of argument I'll place the square peg in a round hole.
If I sit at a 20/40 stud cash game and place $4000 cash on the table where (just for this example) eight other players have done the same, there is $36,000 on the table. Sure, the casino charges a rake or time fee but they do not take that $36,000 and earn interest on it as Intrade does.
The stock market?
Intrade IS NOT a recognized, regulated investment exchange like the NYSE or NASDAQ. Intrade is a tiny exchange where one can "bet" on a political race or the weather. The chance of one or two large investors moving a market at Intrade is very real. The total capital investment at Intrade is miniscule compared to major stock exchanges.
Intrade has foreign servers. There is little or no regulation. Invest at your own risk.
A stock investment offers a potential dividend plus there are vehicles to invest in stocks and earn interest. Intrade offers none of these benefits.
Finally, the combined NYSE, NASDAQ, and even AMEX small cap stocks, funds and derivatives have all outperformed Intrade's results. Intrade has been a net loser for investors since its inception.
However it has been a huge money maker for its owners.
rofl
Just because I don't reply to your stupid comments doesn't mean you owned me by fyp'ing, no need to debate with someone out of touch. Not to shit on your parade but Oscar Wilde sucked dick dawg, just saying.
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