Comments on: Do Traders Actually Contribute Anything Meaningful to the World?

By: Hugh Kimura

Hugh Kimura — Tue, 13 Aug 2013 03:34:33 +0000

In reply to Elvey.

Hey Elvey,

Thanks, glad you agree. Best of luck with your trading and businesses!

Cheers,
Hugh

By: Elvey

Elvey — Tue, 13 Aug 2013 00:54:06 +0000

Hey Hugh,

First of all, awesome blog and post about the topic of whether traders create value. As an aspiring trader/entreprenuer, a huge influence for me making that decision is in essence Self Development. It’s exactly like how you stated, by learning and creating financial abundance/freedom through trading to create a better life for yourself, giving you more choices in life and also allowing you to teach others to do the same. I also say this to people as well “If you can’t help yourself, how can you help others”.

Awesome post again!
Stay Awesome!
Elvey

By: Hugh Kimura

Hugh Kimura — Tue, 12 Mar 2013 18:47:35 +0000

In reply to Doug.

Hi Doug,

Yeah, you make a good point that trading touches more areas of our lives than most people realize. It might be a little more indirect (like a house), but we are all affected nonetheless. Thanks for stopping by and commenting.

Cheers,
hugh

By: Doug

Doug — Tue, 12 Mar 2013 13:40:11 +0000

Have you tried to sell a house lately? What? No offers? Bank wouldn’t loan buyer? Welcome to low to no liquidity. How’s it feel? Now, how would you feel if you tried to sell stock in your IRA account once you retired to have money to live on, and there were no buyers? You realy think traders don’t do any good? They provide liquidity and an active market so people don’t get stuck trying to sell something, like a house.

By: Hugh Kimura

Hugh Kimura — Sat, 16 Feb 2013 20:38:46 +0000

In reply to tutu. Awesome, love it. Thanks...

By: tutu

tutu — Sat, 16 Feb 2013 03:49:34 +0000

I would love to trade for autism and for education. My ultimate dream is to trade for a cause. Nice post.

By: Hugh Kimura

Hugh Kimura — Fri, 15 Feb 2013 02:10:39 +0000

In reply to Karen.

Haha, well it was a good try.

I guess you end up being a teacher of sorts. That sounds good to me. 🙂

By: Karen

Karen — Thu, 14 Feb 2013 03:03:30 +0000

I tried to explain that ” liquidity for efficient markets” to a friend of mine once… it didn’t go over well.

I think the best thing as far as contributing to society is that trading (when I get to the point it’s my full-time gig) will allow me more time to create and serve in other areas of my life.

But toward other traders & investors – my being there to buy your shares when you get too scared or greedy keeps you from losing more money, and that has to be worth something too.

By: Hugh Kimura

Hugh Kimura — Tue, 05 Feb 2013 18:44:29 +0000

In reply to Chris. I'm sure you will :)

By: Chris

Chris — Mon, 04 Feb 2013 09:22:27 +0000

Great to hear you want to push on with supporting causes as well. And the great thing about microfinance especially is the way you can snowball it to keep helping people. Taking a long-term approach is much better then just giving a one-off donation I think.

Thanks for stopping by at my blog too, maybe one day my writing can reach the standard of yours 😀

By: Hugh Kimura

Hugh Kimura — Sat, 02 Feb 2013 16:54:26 +0000

In reply to Chris.

Thanks Chris, I’m glad that you also have the goal of helping others through social enterprise. Yeah, Branson is one of my favorites too. I would like to eventually transition TH from just supporting one cause to being able to facilitate the support of whatever cause you guys believe in.

But that is down the line stuff.

I appreciate your feedback and you make a great point that when people start making money, they boost the economies around them.

Looks like your blog is off to a great start!

Cheers,
Hugh

By: Chris

Chris — Fri, 01 Feb 2013 15:55:35 +0000

Awesome post Hugh. I was talking about this very thing with some friends a couple of months ago. You’ve hit the nail on the head saying it “improves your life and the life of others”. In my sheet of motivations in my own trading folder one of my key points is I am motivated to trade to provide for family and friends how I want to. And another thing is being able to run my own mini social enterprise one day (which makes it wicked to see you are partnering with Kiva, I hope to in the near future do a similar thing). I have read recently a book by Richard Branson titled ‘Screw Business as Usual’ and the things he has been able to do have been incredible. I highly recommend it if you are in to social enterprise. And it has affirmed my beliefs about helping support new and small businesses who are trying to tackle the worlds issues, but in a sustainable way by making it a business, not like these charities who ask for monthly donations and are just an endless money pit yet are not actually solving the problems.
So in your response to your question at the end of the post; yes trading is actually selfish because of the very nature of it. But by some traders earning a good living that is obviously beneficial to the economies which benefits everyone. And a good income also enables some traders to achieve what they want to in other arenas such as charities. And of course the traders family and friends will benefit to. So the knock-on effect can be powerful and I believe we can play a part in improving the world.