The stock market is rigged

Wealth For Life with Denver Nowicz

English - April 09, 2014 02:52 - 11 minutes - 15.3 MB - ★★★★★ - 1 rating
Investing Business News Business News business investing personalfinance retirement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Market trends and how they affect your wealth: Part 2 of 2

Next Episode: How to have confidence in a rigged market

The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt."

High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send gobs of orders into the market, executing a small portion of them when opportunities arise to capitalize on price imbalances, or to make markets. HFT makes up more than half of all U.S. trading volume.

In this show we discuss what it means for you.

Call us any time with questions: 480-970-5663

Or contact us online: http://wealthforlife.net/consultation/

Learn more on a live webinar: http://wealthforlife.net/webinar/