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: