When you buy shares in a retirement account, you purchase at the current market value of that fund. When you go to sell, you sell at the current market value at that time. If the selling price is higher than the purchase price, you make a profit. If the selling price is a lot higher than the purchase price, you make more of a profit. Do you control the purchase or selling price of the funds?
So why do people blame the oil companies for high prices when they don't set the price? It's the same basic principle. They buy the crude oil at the current market price, then sell it at what the current price is at the time they sell it. If the price at the time they sell is higher than the price at the time they purchase it, they make a profit.
2007-11-13
04:14:08
·
6 answers
·
asked by
Mutt
7
in
Politics