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Brain Snappers and Other Wall Street Nonsense
The last time you spoke with your broker did he use any of the following words? Diversification,Price-to-earnings ratios, discretionary trading,lifting a leg (he's talking to you not yourdog), leverage, divergence, fee-basedcompensation, escalator clause, tactical assetallocation and other mesmerizing words to placeyou in stupefying shock.
Brokers do that to let you know that you don't know anything about the market and you mustallow them to make decisions for you. You don'tknow the language. You are just too dumb.Another mushroom.
Wadda ya' mean mushroom? Didn't you know? Most customers are considered mushrooms. A mushroomis grown in the dark and fed horse manure. Nowyou understand why they treat you that way.
Then try to get him to explain commissionstructures of mutual funds. Oh, you're notallowed to ask that. You might want to read page35 in the January 31, 2005 issue of Newsweekmagazine for an excellent breakdown of this WallStreet scam. Maybe you better not. You will getmad at your broker.
Another one of those big words they don't wantto discuss is redemption fees. This is an extracharge of as much as 2% of the amount that isdeducted from your check if you sell within acertain period of time. Brokerage companies tellyou it is to discourage frequent short-termtrading which adds to their cost of doingbusiness and increases the expenses that arecharged to you every year. Having owned abrokerage company I can tell you this is more ofthat brown stuff they feed to the mushrooms.
The reason for redemption fees is to discourageyou from selling. You might take money out ofyour account and that must be restricted inevery way possible.
Some of the biggest words are associated withthose special limited partnerships. These aredefinitely brain twisters. You can get these inreal estate, hospital construction, oil and gaspipe lines and the most confusing one of all istechnology. And they are all guaranteed. Thatword I understand, but be sure you read the fineprint to see what is guaranteed. You rememberthe old one that they give it to you in the bigprint and take it away in the fine print.
How about placing a limit bid on a secondarydistribution of a special claim on residualequity certificates? You didn't understand that? Believe me you don't want to.
When you are solicited by your broker, financialplanner or anyone to buy any equity you mustclearly understand what you are buying.
If you don't understand it don't buy it.
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.
Investing - Google News
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Looking For a Safe Investment? Try a Certificate of Deposit
If you are looking for a safe investment and you have between $100 -$1,000 to invest, you should consider a certificate of deposit or CD. When purchased through a bank, CD's are federally insured up to $100,000.
How To Start Investing For Financial Independence, Part 1
Today, I am going to start a multi-part series about how to go from being a beginning investor to being "financially independent" in a steady and predictable way. At our website, we get tons of e-mails about how do I start, how do I start with little $'s, etc.
Mutual Fund Returns May Not Be As They Seem!
Arthur Levitt, during his tenure at the SEC, experienced many cases where the non-indexed mutual fund manager bought shares for their own accounts before the fund bought the shares. The fund's purchases drove up the price of the stocks and the fund manager's made a killing on the deal.
Wit and Wisdom on Money, Wall Street and Success - Part #4
Can you concisely summarize your investment philosophy in a few sentences? My experience is that most people can't. The quotes that follow are diamonds that offer a real powerful education in the world of Risk Management.
Day Trading the SP Futures with Initial S/R and the NYSE TICK
For instance, if the market moves up in the first 20 minutes of trading, touches the initial resistance zone, and then turns down, this implies that a good tradable downtrend move is likely to develop.How strong that new trend becomes is market-dependent.
Investing in Car Dealerships: Doing Your Homework
This article attempts to help give the investor a broader basis upon which to decide whether a dealership merits their time, money and attention.Interviewing Factories and Financial InstitutionsLenders have an affirmative duty not to promiscuously disclose the financial condition of their debtors.
An Old Dividend Stock Investment Idea, for a New Generation
Death and taxes! The certainties of life! And then, of course, there are the mortgage payments, the utility bills, phone bills, the car payments and thirsty automobiles. Add that to the grocery and clothing bills, and there appears to be more then just death and taxes as certainties of life.
How to Use Annual Report
There are many steps in calculating the fair value of a company. However, before we even do that, it is imperative to know how a company earns its profit.
Raising Capital in Today's "New Economy"
We've helped a number of clients develop business plans and raise capital from "angel" investors, corporate entities and venture capitalists during the last 6-8 years. It's always a daunting process that can be full of pitfalls and require a tremendous amount of work - but it can be done! Here is some perspective gleaned from years of experience.
The Economys Greatest Depression Downturn Ever Is Now Just A Few Years Away
What really controls the economy? Forget interest rates, forget deficits, forget the Fed, forget IRAQ, forget which party is in office. In fact, forget just about everything that permeates the news.
Retirement - Its Sooner Than You Think!! (Honestly)
Many people hear "retirement" and think- what? 401K? Roth vs. Traditional IRA? Stocks, bonds, mutual funds? Do they?Or do many people put money away according to the suggested amount and then simply hope that when retirement comes all will work out?One report I read estimated that 66 million Americans have put away a Whopping $0 towards retirement.
Shop More, Save More for College Gimmick or Reality?
The man sat in a chair beside a dressing room at a Tampa, Fla. maternity store.
Creating a Financial Future - Putting Your Plan Into Action Part 1
This column has previously discussed "picturing the future that we desire", and outlining a plan to achieve it. We mentioned that the plan must include goal-setting, measurement, and implementation.
A Safe Port For Mutual Funds But Not You!
Soft dollars, a form of legal kickback, is a sly way you can get ripped off by mutual fund managers. Full service brokers give these kickbacks to non-indexed mutual funds in the form of a "rebate" to purchase research, software, and even computer equipment.
Forex market offers opportunity and information
The forex market is what is called an international exchange currency market, where currencies are exchanged on a daily basis. There are five forex market centers around the world - New York, London, Tokyo, Frankfurt and Zurich.
The Dreaded Direct Question
(Please have a glass of water within reach before reading this article.)Your personal financial planning is the topic of discussion here today, but not quite yet.
Seven Investment Terms Everyone Should Know
For those who have never given their financial future a second thought, the term "Financial Planning" could be a scary one. Investments can be a smart way to invest money for your future, but it can be confusing for those who have no experience in the financial business.
Making It Second Nature
Not long ago I was laying on my son's floor throwing one of his toy balls back and forth in the air to myself and I had a strange revelation. I noticed that as I threw the ball up in the air my left arm automatically started to move to where the ball was going to come down.
Is Your Mutual Fund the Right One for You?
Mutual Funds are considered to be one of the best investments one can get hands on. They're very flexible and cost-effective.
Use of a Franchise Business as a Family Tax Planning Strategy
Suggesting the use of a franchise business as a vehicle for family estate and tax planning. Specifically using as an example, The Car Wash Guys, a portable car wash franchise, where you will be purchasing a completely designed and outfitted car wash truck and the right to develop a specific city or regional area with out of pocket start-up costs between $25-50,000.
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