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Yes I agree that is true of course, but some idiots like no...

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Joannie

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26/04/24

02:12

Post #: 73514831
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Originally posted by Tapdancer: ↑

Joannie - The share market does "benefit others" in three important ways. As a primary market, it enables capital to be raised (through IPOs, placements and rights issues) for enterprises to conduct their business; and as a secondary market for the original providers of equity and all subsequent purchasers of said equity, to transfer their ownership interests.

The third benefit is that the deeper and broader a market, the more liquidity (thus ease of buying and selling) and the more likelihood that a portion of a business is fairly priced i.e. closer to its inherent value that would be received in a privately negotiated transaction.

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Yes I agree that is true of course, but some idiots like no balls wants his CGT discount of course, but cannot see the similarities. He is a moron.
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