Barefoot Pilgrim

  

When an unsavvy investor blows her money in equities trading.

It's a term referring to people who invests carelessly or takes greater risks than necessary to achieve their desired return.

So...when Debbie hears that inflation will eat away the value of her dollar over time, she decides she wants to invest her money to earn just enough to protect against inflation. Not knowing what she's doing, she throws a bunch of cash into emerging markets and takes a bath on her investment. She's taking a single, untested step into a new world...kinda like a barefoot pilgrim.

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Finance: What is Painting The Tape?26 Views

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Finance a la shmoop what is painting the tape?

00:05

all right tape as in ticker tape should be white with black letters and numbers [New York Stock exchange ticker tape appears]

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on it and that's it painting it is clearly a sign that you're painting over

00:16

something or hiding something and in fact painting the tape is an illegal way

00:22

to try and manipulate stock prices in essence it works like this

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Moe and Larry decide that if they show tons of volume

00:30

suddenly traded in a given stock that "somebody will think something's up"

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like a takeover is coming yeah yeah that's the ticket [Moe speaks to Larry]

00:40

Google's buying them for a big price for sure and note that painting the tape is

00:45

actually a common phenomenon in social media since those stocks are ones that

00:49

they talk about where one lonely bitter and angry former postal worker can buy a [Man panting at a computer]

00:55

dozen old used Dell computers to be that social media promulgator and those

01:01

tie differently into the internet with different IP addresses so that remotely

01:05

it looks like they're owned by twelve different people with twelve different

01:09

opinions all coming at you at the same time recommending you buy this stock or

01:14

sell that stock right well that blogger a social media person then posts on a [Social media post of basketball game appears]

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given topic like curling sucks and then their second fake account replies yes of

01:23

course it does curling is for idiots and their third

01:26

account replies, well curling should be banned from the Olympics you see that

01:30

guy's gut and well you get the idea things get incendiary in the stock

01:34

market this way as well so if Moe and Larry trade tons of shares [Moe and Larry throwing shares at each other]

01:39

back and forth and a big spike of volume lots of other institutional investors

01:43

like the big ones may be enticed to buy in and then they drive the stock from

01:49

say twelve bucks a share to eighteen at which point Moe and Larry will get out

01:54

having made a fast tidy and very illegal profit they would have painted the [Moe and Larry celebrate as money falls on them]

02:00

ticker tape to look like there was tons of activity on it

02:03

tons of exciting takeover rumors and other forces to make the stock go up up

02:07

up with lots of demand from investors all over the world when in fact

02:11

there wasn't they were clearly fishing for someone else to come in and bid [Stock on a fishing line appears]

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things up so that they could sell make their dough and move on to some other

02:19

scheme and well here's where that scheme usually ends you up....

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