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China's Marxist-Leninist Stock Exchange (lemmy.sdf.org)
submitted 8 months ago by to c/mop
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[–] 14 points 8 months ago (2 children)

A mutual fund buys and sells on behalf of the consumer so individuals don't have voting rights.

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  • [–] 4 points 8 months ago (1 child)

    Also wrong. You can vote if you buy stocks themselves and not mutual funds.

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  • [–] 10 points 8 months ago

    Also wrong.

    Only 21% of Americans directly own stock.

    https://www.fool.com/research/how-many-americans-own-stock/?msockid=3cc1caf3010a68e612d9dc83002769e8

    You can't say a statement is wrong by agreeing with it. You just said that they use clearing houses. The majority of stock ownership in the US is through mutual funds and other similar products where individuals cannot vote.

    You can vote if you buy stocks themselves and not mutual funds.

    I said people who buy mutual funds can't vote you muppet.

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