Dale, <I bought them for $1,000 and gave them to you as payment.>
You did bought them, do you? But you did not count them as "cost of maintenance", right?
Was it your expense or not?
Can I get my $1000 in cash if I dispose those shares immediately?
Who will buy these shares? Maybe it will be you again, to be able to pay next time for painting your fence?
Your example is flawed in several aspects. First, stock options usually are not granted to strangers but to important insiders. Therefore it is not like a one-time charge as you seem to allude. This also excludes your excuse for "shoddy workmanship" on their part.
It also does not matter when did you get these shares you pay me - the fact is that you are continuously buying them on current market, at current prices, at your EXPENSES.
BTW, how would you claim a compensation for that damage from your insurance company? As $1000, or just as $1 by the book value?
So YOU see, money is money, and excuses about some deferred valuations are just to fool yourself. The Ponzi scheme will stop pretty soon, you know that.
Actually, all this market of "securities" is a big deferred Ponzi scheme....IMHO.
Take care. |