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Old 11-08-2007, 12:32 PM   #21
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The stuff I saw and heard from 1998-2000 was truly astonishing..........

At least I'll know when the next bear market is about to hit, when my 65+ year old clients want to know about how to make 30% a year because "everyone's doing it"..........
Or when you're sitting in a taxi and the driver tells you about how he made a ton of money in his stocks last week... and then your sweet ole retired aunt tells you about the 'can't lose' investment club she just joined with all of her girlfriends
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Old 11-08-2007, 12:43 PM   #22
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Or when you're sitting in a taxi and the driver tells you about how he made a ton of money in his stocks last week... and then your sweet ole retired aunt tells you about the 'can't lose' investment club she just joined with all of her girlfriends
My cab driver yesterday told me that if he had a million, he would invest it and make 2 million, and then 4 million, without buying a new car, new house, or anything like that first. This did not appear to be an educated or under-employed person. He said he was working on building up to that first million. So if you're right, then I would conclude that that doesn't bode well for the market!
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Old 11-08-2007, 04:16 PM   #23
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And it shows that the general public has greed as a primary driver........ Greed is the enabler that allows scam artists, financial advisors and other low lifes to do their evil work........
Quite true.

I think that a person, man or woman, who does well self managing a portfolio has to have something of a FU! personality.

"Nice people" just don't like to question everything or everyone.

Ha
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Old 11-08-2007, 08:35 PM   #24
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My cab driver yesterday told me that if he had a million, he would invest it and make 2 million, and then 4 million, without buying a new car, new house, or anything like that first. This did not appear to be an educated or under-employed person. He said he was working on building up to that first million. So if you're right, then I would conclude that that doesn't bode well for the market!
ok now I'm officially worried!
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Old 11-12-2007, 08:35 PM   #25
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Articles like that keep reminding me that the time I spend educating myself about finances is time well spent.
YUP!
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Old 11-13-2007, 12:18 AM   #26
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My cab driver yesterday told me that if he had a million, he would invest it and make 2 million, and then 4 million, without buying a new car, new house, or anything like that first. This did not appear to be an educated or under-employed person. He said he was working on building up to that first million. So if you're right, then I would conclude that that doesn't bode well for the market!
And the market in fact has since dropped how much more?
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Old 11-13-2007, 01:18 AM   #27
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A person must apply themselves most effceintly.
I learned after many years of being in the working
force and reading more and more on investing that
2% in fee's would save me from myself or less risk and better gains. I changed to researching about good managers and funds.
What I decided was right for me was hedge funds and a few mutuals. I like a hedge fund that can be anywhere they see value
with lower risk or out of the market 100% if they think best.
I guess the mutual funds that must keep so much money invested at all times is fine for a bit of my investments but I prefer a good hedge fund that makes the choices of when, what and where. I am best at one job at a time and it is not buying and selling investments at the right time. I realize the global markets is much more than what I can grasp safely.
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