What is the point of stock?

Question

Why would someone be intested in buying stock?  I recently read that a lot of stocks do not pay dividends and that they give no voting rights to the owner of said stock.  So why would someone buy that stock?  I understand that some people buy it so that they can sell it to someone else years from now for more money.  So would this statement the following statement be accurate, and if not why?

"The only reason to buy a stock that pays no dividends and also gives you no voiting rights is so that in the future you can con some other bonehead into paying more money for it than you did?"

If that statement is true, why buy a stock?

Liondancer · Accepted Answer

Why buy that stock?
The only reason to buy that stock that pays no dividends and also gives you no voiting rights is so that in the future the bonehead you sole your stock to for a higher price can con the next bonehead into paying more money for it than the first bonehead did you sold it to and so on....
The whole market is based on speculation like this. What do you think makes gas prices go up like that with no real apparent reason? It is mostly because of speculators in the market who drive up the prices. It does not even affect some bonehead because the boneheads actually are laughing all the way to the bank while you the consumer are paying for the increase in price. Now who is the bonehead?

What is the point of stock?

Related Questions

Trending Questions