Re:For the Love of Money
by WalterBright on Sunday January 19, 2014 @05:55PM
(#7086436)
> Using your money, one way or another - whether it's your farm, the mortgage on your house, or your pension fund.
When you borrow money in order to buy a house, it isn't your money that is being used by others. My mortgage got regularly sold to different entities, the only effect it had on me was I wrote the monthly payment check to someone else. The terms did not (and could not) change without my consent.
I'm a buy & hold stock investor. The machinations of HFT have no effect on me, they only really affect other HFT traders.
When you borrow money in order to buy a house, it isn't your money that is being used by others. My mortgage got regularly sold to different entities, the only effect it had on me was I wrote the monthly payment check to someone else. The terms did not (and could not) change without my consent.
I'm a buy & hold stock investor. The machinations of HFT have no effect on me, they only really affect other HFT traders.