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brokers Archive

  • Nevertheless, I am not interested in a name calling exercise and anyone who cannot see the truth deserves the losses they endure. As one reader said, even snake oil salesmen did not sell stuff that killed their clients. Gold is like everything else – it fluctuates up and down. Get over it. There is a time to buy and a time to sell.

    Goldbugs

    Posted on November 18, 2015 | No Comments
    Nevertheless, I am not interested in a name calling exercise and anyone who cannot see the truth deserves the losses they endure. As one reader said, even snake oil salesmen did not sell stuff that killed their clients. Gold is like everything else – it fluctuates up and down. Get over it. There is a time to buy and a time to sell.

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  • Why people even buy government debt is unexplained, for lawyers take control of government and pass laws that elevate government to “quality status” when in fact it is unsecured and has typically resulted in the total destruction of capital formation. When the core economy is involved, such as Rome, the resulting episode is typically a Dark Age.

    Greece 2017 – Sovereign Debt Cycle

    Posted on June 21, 2015 | No Comments
    Why people even buy government debt is unexplained, for lawyers take control of government and pass laws that elevate government to “quality status” when in fact it is unsecured and has typically resulted in the total destruction of capital formation. When the core economy is involved, such as Rome, the resulting episode is typically a Dark Age.

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  • The products were sold to many investors, many who didn’t fully understand what they were buying, most of them what we called “clueless Japanese.” The profits to my company were huge – hundreds of millions of dollars huge. The main product that made my firm great money for close to five years was was called, in typically dense finance jargon, a YIF, or a Yield Indexed Forward.

    Here’s why Wall Street has a hard time being ethical

    Posted on December 13, 2013 | No Comments
    The products were sold to many investors, many who didn’t fully understand what they were buying, most of them what we called “clueless Japanese.” The profits to my company were huge – hundreds of millions of dollars huge. The main product that made my firm great money for close to five years was was called, in typically dense finance jargon, a YIF, or a Yield Indexed Forward.

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  • Although most of the proponents of market liberazation referred to more liquidity and natural price discovery on the reason for market liberization, few people who knew better, knew that the market always rigged towards a few deep pocket self interest. Everything they do is driven towards more capital concentration in the hands of the few. Although in the short term, the benefit is visible but in the long term a small group of people wins. And they win everything.

    News – Rules for futures broker reps eased

    Posted on August 12, 2012 | No Comments
    Although most of the proponents of market liberazation referred to more liquidity and natural price discovery on the reason for market liberization, few people who knew better, knew that the market always rigged towards a few deep pocket self interest. Everything they do is driven towards more capital concentration in the hands of the few. Although in the short term, the benefit is visible but in the long term a small group of people wins. And they win everything.

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  • Why? It's easy money! Accountants and tax professionals have a great business base. They are in a unique position of trust, because of the information their clients disclose to them. Whether they are employed by a company or they maintain an individual practice, there is probably no other person (other than your spouse) who knows as many intimate details of your financial life as your accountant/tax preparer. To abuse this trust for personal gain-no matter how noble the motive may appear-is a total conflict of interest and a huge betrayal.

    How (NOT) to Buy Mutual Funds

    Posted on July 26, 2012 | No Comments
    Why? It's easy money! Accountants and tax professionals have a great business base. They are in a unique position of trust, because of the information their clients disclose to them. Whether they are employed by a company or they maintain an individual practice, there is probably no other person (other than your spouse) who knows as many intimate details of your financial life as your accountant/tax preparer. To abuse this trust for personal gain-no matter how noble the motive may appear-is a total conflict of interest and a huge betrayal.

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  • Don't believe anything anyone tells you about the market, not even me. Every day I see in the financial section of newspapers how to forecast what the market will do in 6 months, 12 months, several years. "Ten stocks that will double in the next 6 months." Right! I have trouble trying to forecast what it will do tomorrow. Do not trust anyone who claims he knows what the future will be for the market.

    Forecasting the Market

    Posted on July 9, 2012 | No Comments
    Don't believe anything anyone tells you about the market, not even me. Every day I see in the financial section of newspapers how to forecast what the market will do in 6 months, 12 months, several years. "Ten stocks that will double in the next 6 months." Right! I have trouble trying to forecast what it will do tomorrow. Do not trust anyone who claims he knows what the future will be for the market.

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  • As a Contrarian I think how many people are left that will pay this high price? Using other indicators the professional trader will want to sell and get short. I have seen it happen many times. The fools are trapped at the top and rush for the exit. That is why bear markets go down about three times faster that bull markets go up.

    What Do You Think?

    Posted on June 13, 2012 | No Comments
    As a Contrarian I think how many people are left that will pay this high price? Using other indicators the professional trader will want to sell and get short. I have seen it happen many times. The fools are trapped at the top and rush for the exit. That is why bear markets go down about three times faster that bull markets go up.

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  • Market Risk: Corrections and bear markets inflict harm on countless individuals who throw in the towel and lock in their losses. In a classic correction, the broad market averages lose […]

    Types of Investing Risks

    Posted on April 17, 2011 | No Comments
    Market Risk: Corrections and bear markets inflict harm on countless individuals who throw in the towel and lock in their losses. In a classic correction, the broad market averages lose […]

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  • Having a fee-based investment professional handling your portfolio will get you as close as possible to receiving advice that is based on nothing but the advisor's best knowledge and evaluation of the market. They advise only what they consider top performing funds since sales commission is not a consideration and does not create any conflict of interest for them.

    Prospering with Mutual Funds: How anyone can “Afford” an Investment Advisor

    Posted on March 10, 2011 | No Comments
    Having a fee-based investment professional handling your portfolio will get you as close as possible to receiving advice that is based on nothing but the advisor's best knowledge and evaluation of the market. They advise only what they consider top performing funds since sales commission is not a consideration and does not create any conflict of interest for them.

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  • Be careful of financial planners, but a good one who charges only a fee will be easier to find than a broker. Some are CFPs, Certified Financial Planners. That doesn’t mean they know how to make money. Most have the same training as brokers – all bad. You definitely don’t want one with ties to any financial organization or brokerage company.

    Changing Brokers/Financial Planners

    Posted on March 10, 2011 | No Comments
    Be careful of financial planners, but a good one who charges only a fee will be easier to find than a broker. Some are CFPs, Certified Financial Planners. That doesn’t mean they know how to make money. Most have the same training as brokers – all bad. You definitely don’t want one with ties to any financial organization or brokerage company.

    Continue Reading...

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