Alarmed by the recent Stock Market – Do not Be – Fear Your stockbroker more than anything
Recently, a very nice lady contacted our Think Tank and she was very worried about the stock market and its investment portfolio. She burst on the rocky rollercoaster concerns the credit crisis by the case of champagne, the Fed cause prices, retail sales, automotive, trade deficits and the ups and downs of the market, as were a lot of stress.
I would also not so terrible ups and downs of the stock in question recently. Rather, I think I couldWorry if I invested my money with a brokerage house-type wire, instead of being a financial consultant, because it seems to be turning out one of the major problems of poorly performing portfolios. I want to recommend a book:
Confessions of a Stockbroker – A Wall Street Journal "Brutus – 1971.
"I'm a stockbroker, and greed is my game -" Big Boys, wire houses, reading from 3×5 cards, pitching manure, putting lipstick on a pig, it's all here. Arrogance, deceit, greed,and all the worst possible characteristics. It 's a must for any investor in the market to read.
The woman I spoke with said he spent many hours every hearing of the Congress with the Federal Reserve and the fear of our economy and the market. In fact, the Federal Reserve, the economy and the Casino (stock exchange) are fascinating to follow, which has become a very interesting hobby. Even if you could own portfolio and personalEconomic consultant yourself?
Chairman Greenspan had some of the best quotes and comment during the hearings in Congress on the economy during his tenure. I sure liked that little book of his quotations from the book, put together for someone to read very well. All in all I'd say the chances of losing your money much more to do with a disreputable broker as the economy or the market itself, why not have them.
