reply to post by ALightinDarkness
Mmmm as stated please read my post. I qualified in the UK market.
Your Sources Please?
The difference between here and the US is again quite staggering. I don't think you truly know the REGULATED nature of the industry in the UK, well
Besides Medicine(to include social services etc) and Law Practice Financial Advise in the UK is the only fully REGULATED industry.
That makes it a very very different kettle of fish than the US qualifications. I wont caste aspersions on the US qualifications and easy to get they
You state that "anyone can do it" and also that "do it yourself"
Mmmm a bit difficult as we have a system of "grandfathering" and "shadowing" where after you have finished your 4 year course! (yep 4 years easy
mate! with a pass mark over 70% in EACH MODULE) you are watched and shadowed giving your advise to clients, every piece of work you do has to then be
"signed off" by a "grandfather" figure. If in the future any of your advice is deemed as being unsuitable that person who signed off your advice
is in for loosing their license too!
As stated the industry is regulated, there is a set legal procedure that must be carried out with each client. Each piece of advise has to carry a
detailed letter of explanation to the client, explaining why you have chosen those products, investments or vehicles (a term for how the investment is
carried) for there particular case. Why (using maths to prove so) this is their best option from every other type of product available in the UK. If
at any time in the future someone can show that it was not the best investment, advice or product for the client you can go to jail, or be sued for
the money lost. The "grandfather" figure who eventually has to write to the institute of Bankers (of who you have to apply and be accepted on the
strength of the above, if they say yes(not always police checks, credit checks work history checks etc) you can then start giving advice without any
one checking it first.
4 years, every piece of work regulated and checked, liable for losses personally if the work is not correct, other people using their name and career
to date to allow you to move forward.
Yep easy mate simple, anyone can do it
again WTF are you on about?
You may know advisors in the US but I think you are getting a tad confused by the status of "whole market" advise and "sales reps" my friend You
can get a business card, and a name "financial advisor"with a global firms badge, but you only offer their products or services, or one from panel
of different providers. But it is not "advice" a very different thing entirely.
Now In the UK to use your SEC (for stocks and again if you knew about this to state anyone can get it is ridiculous only about 15% of the average
western population has a higher enough percentile on math to get in!) in the UK again this is different to an employee sales man for a bank, you have
to give "advice" to clients on the investments
It is regarded in the UK as the same as a High Honors degree.
My first degree was in mental health nursing Bsc Hons early 20;s then changed industry and Bsc environmental management & Engineering (hons) I
specialized in the built environment, so I have also given advice on the Funding and costing of the infrastructure projects of major Plc's.
Having gained experience of corporate finance wanted to give personal advice, not just compete for tenders, so I went then into financial services.
You say you have 3 Degrees really? what did you read and what disciplines subjects? you must be well over 30 years old? to have completed 3.
This type of advice (personal financial) is the one where most of the real global wealth is too with people such as Fund Managers, they have a
responsibility to their clients or "fund" and they certainly arnt going to play "short" games. These are the sort of people who have real power in
the economy not "$1000 day traders".
These type of people who can move billions of £ sterling from one stock to another, are currently absolutely sh***tting themselves, they are
responsible fro the pensions of millions of people, and cant deliver at the moment with low risks to date, they certainly arnt going to take any
Like I said im sorry light but your reply to my post, the defensive nature of your reply, lack of sources, obvious lack of in depth on the ground
reality of financial services, and advice just back up what I originally posted.
"Short" "long" etc its gone past that, I truly hope you make some money from this, I have enjoyed helping people make money in the past and
increasing their wealth. But please like other posters have said be aware the money you are making is Fiat money at the moment.
Be aware the financial markets are collapsing really and NOW.
Be aware that the ex head of the IMF and also an Ex Fed Governor said on the BBC Friday "we are in uncharted territory, and have all been within the
system caught with our pants down. I fear that now we are slowly waking up to the facts of whats happening globally, even if we knew how to react
correctly it is too late!"
The money you are making like said is Fiat money. whats it really worth? how much will it be worth in 4 weeks time? will the dollar be at £3? maybe
so I can show you information will may mean it will go there, just maybe. Any gains then made are lost.
The only gains now from the bears point of view is at the bottom in prime luxury commercial and real estate, but not yet, let the best Manhattan and
London properties drop by another 40% ish then buy, them, but to look for the gain over the next 10 - 20 years, not this week or tomorrow.
Truly light if you want the quick buck get out of USA get into china India, don't use US dollars, opportunities are there real ones, long term
sustained growth. Probably a lot less risky than any US stock trades at the moment.
All of this is just pie in the sky too, if for example the Chinese or Taiwanese decide to do something unusual with the Trillions of Dollars they have
invested in American Securities (government) the dollar might have to be replaced because it would probably be worth around 25pence a Dollar, so
hyperinflation within the American Zone would be the result.
This is well known and has been forecast for may years. Stagflation a Keynesian (im sure you know lots about him? if not do please read for my
"easy" qualifications I had to critique his critique of the marshal plan after the second world war) description can be observed now.
The issue is the traditional economies the g8 and the like are now in negative growth, raising inflation and high debt.
The developing world is growing though, further pushing up inflation but staggering the effects of the wests demise. this leads to stagflation, which
leads to recessions which eventually, say 3-4 years from now when India China catch up with the worries of the Developed economies, they fall or
recess too, but a lot lot quicker than the developed countries. So you then have a situation whereby the US and euro stocks and economies should be
rebounding back (as in cycles), but when they are about to raise again after the "correction" he rest of the developing countries crash quickly and
uniformly. Now the US and euro cant react to the second crash as all the tricks from the central banks and policy makers have been used already to
limit the US and Euro crash. Those economies already battered at their lowest with no control left over the rest of the world would then truly
This is seeming a more and more likely scenario re the world over the next 3-5 years.
This without a blockage of the Straights of Hormuz, another Catrina or pandemic, truly the world is looking over a cliff and holding on by piece of
Contd for information....