How did the Stock Market Start and Will it always go up?

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blog1 Feb 28th, 2016

During the American Revolutionary War, 1775-1783) the U.S. govt needed funds so they issued government bonds with the promise of future repayment. So the buyers of these bonds were given promissory notes on paper. Then after the war, People started trading these promissory notes for immediate cash and this lead to the opening of some commercial centers which eventually became Stock Exchanges. In the 1790’s 24 of the top New York Financial companies created what was then called the Securities Exchange office so they could exchange financial shares, and this ultimately lead to the NYSE which is still today the largest exchange in the United States.

And since these very first shares started trading, people have tried to predict what the market will do next! It Goes up, it goes down, and No one really knows what it may do next! In the movie, the Wolf Of Wall Street, a leading stock broker, played by Matthew McConaughey looked at a young up and coming stock broker, played by Leonardo DiCaprio and said "ok, first rule of Wall Street- nobody-and I don’t care of your Warren Buffett or Jimmy Buffett-nobody knows if a stock is going up, down or f-ing Sideways, least of all stock brokers. But we have to pretend we know." He also said “the name of the game, is moving the money from the clients pocket to your pocket as a stock broker."

But what about with Insurance. Are your rates destined to always go up, to move your money to the pockets of insurance companies, with Rates rising year after year, or is there a system, that if lower rates became available, that you can be alerted and notified to take advantage? I have great news! Now there is! With Advanta Insurance, we periodically shop the leading Insurance companies in the nation, and will give you the option to take advantage of these better rates when we see they are available for you.

This is one Advanta Advantage that we happily offer! We’re looking for better rates while you’re busy Living!