When the stock mkt loses appeal and my annuity go down, who have made the profit from the deal in past its sell-by date?
Answers:
No one have made a profit. Your asset (annuity) go up within utility beside the bazaar and down contained by expediency beside the marketplace. Profit and loss is one and only calculated when you provide. As in attendance is a buyer for every wholesaler, 'the open market' as a integral have also not made a profit or a loss on the decline in significance.
People who sold short or bought the stock at such a low price they still made a profit after it dropped.