Cattusbabe
Full time employment: Posting here.
- Joined
- Apr 3, 2006
- Messages
- 816
WOW ... this really shows that the general public does need education on investments.
... liars yes... idiot? ... thinking it's the greedy ones who actually buy into this return rate.Seems intriguing that this story surfaces after how many years? Any advisor promising 25-30% returns is an idiot and a liar, wouldn't you think?
Seems to me there's bad eggs in all professions, but personal investing sells more columns..........
... liars yes... idiot? ... thinking it's the greedy ones who actually buy into this return rate.
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 girlfriendsThe 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
Quite true.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........
ok now I'm officially worried!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!
Articles like that keep reminding me that the time I spend educating myself about finances is time well spent.