The Banks have always taken people's money. Ignorant people's money that is !

Forest Gump said it...." Stupid is as Stupid does".

The problem with most socalled investors is that they rely upon a broker to give them investment advice.

The same as we see here on ATS, people won't open a book but choose to watch a You Tube video instead.

A Broker is a mere salesman and makes his money on the transaction and will tell you practically anything to motivate you to execute a trade, which is inevitably how he gets paid.

Martha Stewart was a Wall Street Broker and was caught using a common ploy, and eventually was convicted of it, in which she using inside information "Advised" her clients to buy a particular stock, driving the price up after which she and the insiders would then sell.

This is also why we see a huge growth in "Discount Brokers" because the brokers "Advice" isn't worth Crap !

I have done very well investing by following my own research and advice and by following major trends, for example in products consumed by Baby Boomers.

I for years have advised people to get out of stocks and buy Gold instead.

I might as well have said " Beaver Pelts" !

But some heeded my advice to buy Gold in 2006 at $580/oz and have doubled their money !

As it is said, you can lead a horse to water but you can't make him drink !~

It isn't only Obama, who works as a Wall St. Cheerleader.


But remember GW Bush's solution to Social Security reform in 2005, which was to have Americans invest in the stock market in lieu of contributing to Social Security ?

And having all Americans buying at the top of the market to lose not only their 401K retirement savings but also their Social Security !

What a boon for the brokerage firms and Wall Street that would've been !

And what a tragedy it would've been for the Americans who believed GW's sales pitch.

"American investors: Predictably stupid losers"?


Author of article is stupid for thinking all american investors are predictably stupid...

Originally posted by RedGolem


Dolphinfan
the buy and hold philosophy may not be true any more. Do you have any references to back that up as still true?

i'm sure that member does not have countless references/proofs that a buy-&-hold outlook/model will work or is the better strategy... to satisify your criteria- specifics.


Dolphrinfan (i'm not trying to be the members 'voice') might be saying that self-managing your own portfilio...with a buy-&-hold preferance...
might be a better way of managing a portfilio than massive switching/trading/diversification programs for ones 401k or IRA or ROTH account.

i wont bore you...or inflate my ego/prowess...by telling you that my own 'buy-&-hold' mechanizations with 12 'DRIP' accounts with an input of $16k
-> has netted me rewards of over $25k redeemed money, with $3k in current holdings and another $30k in my ROTH acct. all within 12 years on a income of $7.00 per hour ...i.e. below the minimum wage rate !

hey...you go ahead and listen to your brokers & finance experts that get commissions/fees to diversify your market involvement (their take home money)

i know you can think for yourself.... then why are you spouting off the sales-pitch garbage of these trolling wolves-in-sheeps-clothing???

Originally posted by GreenBicMan


SPY + Dollar Cost Averaging = Long Term Profits

Not to sure what you mean by the above quote but the proof would have been in the last one hundred years of profits, loss broken down by years and then groupings for long term, short term investment.

get out of equities and go for currencies... be like me...clobber the big boys. they have games or tricks that pay well on a very short term...hours and the ones that only last minutes. also, did you know one can profit from pure technicals...triple the account each year with low drawdown and very fast recovery from drawdown, that's the holy grail of trading or investing.