• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

If You Don't Believe....

R

Rickb

Elio Addict
Joined
Apr 20, 2014
Messages
7,098
Reaction score
13,966
Jim H said:
And what about the GM stock holders who were thrown under the bus and were denied historical bankruptcy protections in the process?
Click to expand...
I haven't researched how it impacted individual GM stockholders, but I'm thinking overall it was better for our national economy and way better for the small town main street economy that was/is supported by auto industry dealerships. My City was very worried about both GM and Chrysler Dealerships closing and it would have been devastating.

I do know 2 things about investing in the stock market: 1. It's a gamble, no guarantees on your investments except for the stock broker profits. 2. Buy low sell high.
 
Jim H

Jim H

Elio Addict
Joined
Mar 5, 2014
Messages
3,787
Reaction score
8,581
Location
Vail, AZ
Rickb said:
I haven't researched how it impacted individual GM stockholders, but I'm thinking overall it was better for our national economy and way better for the small town main street economy that was/is supported by auto industry dealerships. My City was very worried about both GM and Chrysler Dealerships closing and it would have been devastating.

I do know 2 things about investing in the stock market: 1. It's a gamble, no guarantees on your investments except for the stock broker profits. 2. Buy low sell high.
Click to expand...
Unfortunately so many Americans fail to realize that many stockholders are average American citizens trying to invest in something for their future and retirement. Unfortunately, the government decided on winners and losers and the small investor was wiped out by government policies. Traditional bankruptcy laws very ignored by the administration who instead paid off the unions.
 
R

Rickb

Elio Addict
Joined
Apr 20, 2014
Messages
7,098
Reaction score
13,966
Jim H said:
Unfortunately so many Americans fail to realize that many stockholders are average American citizens trying to invest in something for their future and retirement. Unfortunately, the government decided on winners and losers and the small investor was wiped out by government policies. Traditional bankruptcy laws very ignored by the administration who instead paid off the unions.
Click to expand...
So the part about saving mainstreet where most of the average investors reside is a non-issue? I did not want GM and the other Auto industry giants to go bankrupt and close dealerships which would have been far more disastrous to a broader range of average investors. I would recommend only about 20% of an individuals investment/retirement fund to be in the stock market. I blame GM's mismanagement for creating the situation in the first place and asking the government for a bridge loan to bail them out. It was GM's decision to mess with their small investors. Many of those stockholders were probably GM employees. Would they rather have lost their jobs and retirement benefits?

The good news for me is that I think the bipartisan plan to save the auto industry is the only reason Elio was able to move forward.....Closed GM Hummer Plant up for grabs, auto parts manufactures still in business and forming partnerships with EM, ATVM still funded with EM's application moving up the ladder to approval. It's somewhat better than it could have been. IMO
 
Last edited:
RUCRAYZE

RUCRAYZE

Elio Addict
Joined
Aug 17, 2014
Messages
5,103
Reaction score
8,735
Location
On Vashon Island
Jim H said:
Unfortunately so many Americans fail to realize that many stockholders are average American citizens trying to invest in something for their future and retirement. Unfortunately, the government decided on winners and losers and the small investor was wiped out by government policies. Traditional bankruptcy laws very ignored by the administration who instead paid off the unions.
Click to expand...
The little guy in the market hasn't a chance.- If as they advise," stay in it for the long haul", why do they trade in mili-seconds? Charles Schwab, has always said (which is counter advise to his business) buy index Dow, and NEVER lose money. The extent of my gambling is the $50 credit on Cruises and the 1k on my Elio- and as things continue to develop my Elio will be the lower risk!!
 
You must log in or register to reply here.
Top Bottom