True or False - The Stock Market is a Scam

[hfojvt]

35. it doesn't have to be long term though

Although, things are perhaps easy now. I said many years ago, that when you buy stock during a recession every stock is a winner.

I got back in to the market after it tanked in 2008, that seemed to be a good time to pick up some bargains. Plus the interest rates on savings accounts were going into the toilet, so I wanted a better return. I started with a mere $2000, and have had some setbacks, sometimes fairly substantial (I owned, for example, 50 shares of Freddie Mac when it went from $5 to $1 in about half a day. (That's what I get for trusting Senator Chris Dodd, but I got it all back anyway, mostly by buying 400 shares at 30 cents a share, and so on)) but in four years or so, I have turned $7,000 into $8,441, which is a decent return on investment, and it has been short term gains, mostly. In fact just today I made $193 on some stock I have held for about five weeks. Not a huge some of money, but a decent return on a mere $3,000.