Have you ever bought anything thinking you were getting a good price, whilst hoping the value of your item would increase in the future? Well, guess what – you are a speculator!
Did your ever stock up on Christmas decoration after the holidays when you could grab them for barely nothing? Again - you are a speculator!
Did you ever pre-qualify for a home mortgage before purchasing a home? And was this nefarious action the result of a suspicion that mortgage rates may increase in the future, and that you wanted to look in a good rate? You probably guessed it – you are a speculator!
Although we have seen a lot of politically convenient speculator-bashing as of late – it’s quite acceptable to speculate on your personal interest, and in particular when it comes to investing or trading for profit.
As a matter of fact – if it wasn’t for us ‘evil speculators’ none of the financial markets of the last two hundred years would have been able to function. So, are we really ‘evil’? Yes – but only during trading hours, plus we’re only ‘minor league evil’ compared with hedge fund managers.
Here are some of the evil deeds we have committed over the past few years. If you’re new around here then this is a great starting point to get up to speed on how we do things around here: