I'm gonna shoot my TV
.... if I see the commercial for e-trade one more time. The one with the idiot hipster sticking his face in the camera while bragging that he'd just executed a stock trade in Hong Kong by buying shares of Dung Pie Energy or some stupid thing.
He's absolutely amazed and awed by the fact that he's just traded in, "Hong Kong. That's CHINA!"
It's so stupid it makes my head hurt.
First of all, yeah, we know Hong Kong is in China.
Secondly, why does this make this guy a genius investor?
When he's boasting about his buying stock in a Chinese energy company, as if this really makes him a shrewd investor, my immediate thought, as would be any rational persons, was, "How do you know you won't lose every dime you have?"
The commercial is great from e-trades perspective. It's aimed at hipster dufus's who don't have a clue and suggesting that they should invest their money on the Hong Kong market, as if the fact that Hong Kong is REALLY far way is some sort of guarantee that you'll make money.
But mainly, it's trying to appeal to idiots who will rush to buy stock in China so they can SAY they bought stock in China and pretend as though they have a clue.
The second thought I had was that investing in Chinese companies IS probably a shrewd move seeing as that they're rapidly buying up the United States and that about 8 out of 10 things you'll buy this month were made in China.
Why not move your money out of a declining economy whose dollar is dropping like a lead brick and whose irresponsible fiscal policies have lead to unsustainable deficit spending and whose own elites and financial institutions have been busy looting of the economy as if it's a fire sale?
Maybe the dufus jabbing his face in the camera isn't as stupid as he seems.