| |
| |
|
Investing Information |
|
|
|
Larry, Moe and Curley, Investment Brokers
Larry, Moe and Curley were sitting in their favorite restaurant just off Wall Street having their usual 3 martini lunch and were discussing the day's events and their client portfolios. Larry:"I had 12 calls this morningfrom customers wanting to know why the market was going down". Moe: What did you tell them?" Curley: "Yeah, what", taking anothergulp of his libation. Larry: "You know, the usual. This isa normal correction and not to worry. I amwatching your account. The market always comes back." Moe: "That's the same BS I tell them." Curley: " I have more than 300 accounts and I can't watch them except my 5 bigtraders. Who cares about the others anyway? My company won't let me tell them to sell whentheir stock starts down and they believe the oldsaw about 'hang in there for the long haul'. Iblew out of all my stocks last week. Thankgoodness. The market has dropped 300 pointssince then. Moe: "It would be better for the customers if our company would let us tell them to use stop loss orders." Larry and Moe, shouting in a singlevoice: "Don't say that or we'll get fired". Theyboth bonk him on the head spilling his drink."Nyuk. Nyuk." Yes, it may sound funny, but there is more truth than fiction in that imaginaryconversation. Why don't brokerage companies telltheir customers to sell when the market isdeclining? There are two reasons. First any large brokerage does not want to get on the bad sideof a company. That company might have a publicoffering later on and they will definitely notbe asked to sell any of the stock or bonds. Thisis where the big money is on Wall Street. The second reason is they don't want thecustomer to have cash in his account. He mighttake it out. Brokers make money even if you donot trade. It is not much, but it does keep thepilot light lit. Brokers also discourage customer stop lossorders because it is more paper work for themand then they do have to watch your account.Unless your account is high 6-figure or 7-figureyou are not on the radar screen. Mr. Broker (anappropriate name for what he does with yourmoney) has an average of 300 accounts and manyhave 600 or 700. As new guys come into theiroffice they give them the little accounts. When a broker passes his securities licensehe is given two manuals. One is SEC regulationsthat must be followed and the second is how toopen accounts. There is no third manual on howto protect customers' money or trade. Brokeragecompanies want their salesmen to follow thecompany line and push certain products. There isno thought of customer protection. If your broker is Larry, Moe or Curley it istime to find a new one. Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make moneyand keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street doesnot want you to know.
MORE RESOURCES:
Investing - Google News |
|
|
|
RELATED ARTICLES
Understanding The Real Rate of Return! There is one indicator more than any other which determines the health of an economy and it is the Real Rate of Return.Furthermore this is the simplest of all indicators to understand because it determines the safety of assets. When Its Too Late to Save for Retirement You are 55 years old (or somewhere aroundthere) and your company is going to force you toretire at 65. You have $35,000 saved in your401K and that's all. 25 Ways to Find Companies to Buy When you start your program to purchase your "ideal" company, you quickly realize that your ultimate success will depend on two primary skill sets: 1) Your ability to FIND viable companies that are for sale, and 2) Your ability to effectively qualify the potential acquisition investment once found.This article is about only step one, how to creatively find viable companies and one's that are able to be purchased. Chinas Great Missed Opportunity While a U.S. Ask The SEC Who is the SEC and why should I ask them anything? The Securities and Exchange Commission in Washington, DC is the government bureau that regulates the securities industry. They make the regulations that all stock exchange listed companies, brokerage houses and mutual funds must follow. Just Say NO to Your Stock Broker We have all heard that slogan that started back when Nancy Reagan was in Washington. It was all about drugs. Franchise Investing, Franchise Opportunities and Franchising Renewals Have you considered buying a franchise instead of trying to start a business from scratch. Many franchise agreements are renewed every five or ten years, automatically. Exchange Traded Funds They call 'em ETFs.There are hundreds of them. Annuity Investment Guide While there is not a lack of information on annuities, there certainly is a lack of good information. In an age full of information, we are constantly bombarded with irrelevant data. Just what is Arbitrage Investment? In the simplest of terms, Arbitrage means to exploit price differential.Usually it meant looking at differing sources of an investment, and if there was a price difference between Source A and Source B - then the investor / dealer / broker / manager would buy from the lower priced source, and sell on the higher priced source. How to Calculate the Value of Your U.S. Savings Bonds If you're like many Americans over the age of 55, you've probably had money taken out of your paychecks for years and years in order to purchase U. S. Stocks, Oil, and Bonds A barrel of oil bounced to over $60 Thu, which triggered a steep sell-off in the stock market Thu and Fri, although oil pulled-back to around $59 a barrel, and closed at $59.84 a barrel Fri. Retirement Plan Considerations Cheat Sheet for Small Business RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you. Stock Market Horizons: Gold $3,000, Oil $70 In the last two decades, even though gold prices have dwindled from $850 to $350 an ounce, there are still market gurus who predict gold price to hit $3000 an ounce. Hecla seems to be quite bullish about the future. Investing Pointers for Neophyte Investors If you know next to nothing, how do you go about the business of investing? The first thing you need to know about investing is, how much do you really know? If its' not much, then you will need to read extensively to educate yourself.To become well-informed, you should read up on the basics. Stock Market Money Management Skills Let's start by saying: You can't be afraid to take a loss. The investors that are the most successful in the stock market are the people who are willing to lose money. Trend Following Trend following also called momentum trading is the simplest and safest method of stock market investing. It puts you in stocks and mutual funds that are going up and gets you out when they start down. Making Your Investment Dollars Work for You Investments are scary for some people, especially those who have never invested before. We grow up hearing horror stories about how this person or that person lost everything they had on some bad investment some odd years ago and it builds in us a fear of investing so profound that it is sometimes easier to get a confirmed agoraphobic to march in the Macy's Day Parade than it is to get someone to put a few dollars into stocks or mutual funds. Trading Expert Discovers Ways To Beat Stock Market Odds With Money Management The first point to mastering money management is that you have to understand when you're trading on the stock market is that you are playing the odds - but unlike many forms of gambling, you can make money. The key to making this money is to respect the risk that is part of the market, and manage it. Poll Names Coin Laundries Best Investment For 2005 According to Morton Pollack, CEO of PWS, The Laundry Company and editor of the newsletter, "Historically, laundry owners have been a quiet group. Knowing they are onto a good thing, they've been pretty reticent.
|
