2 Stocks That Stock Market Investors Can't Live Without
This is a Post from the Symbol Surfing Blog from Fri, Aug 10, 2018.
"Recent scholarship confirms that merchants made far more money than miners during the Gold Rush."
The "miners" wanted to get rich by mining for gold.
The "merchants" provided the "miners" with a variety of supplies needed to mine for gold.
What if a miner could invest in a successful merchant's business?
How could this apply to your investing strategy in today's stock market?
For this post, the "miners" are retail investors and the "merchants" are the stock market exchanges.
I can't stop using "quotes" right now.
Both companies are "publicly traded".
Both stocks have performed well since going public.
Below are the 5 year charts for each symbol.
How do these companies make money?
There are all kinds of fees like "transaction fees", "listing fees", "data fees" and "other fees".
I'm betting as more and more millennials start investing with apps like Robinhood, these 2 stocks continue to move higher and higher.
Also, the stock exchanges earn fees whether the market goes up or down.
Let me know in the comments section!
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