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Evaporating Trust Fund

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posted on Sep, 5 2010 @ 06:46 PM
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Hi, I'm a new member after many years of reading through the forums. Well here's what I want help with...my father died in 2005 and had a life insurance policy my sister and I were unaware of. My uncle was named the executor of the trust fund, which I gain full control of when I turn 21 in under 2 years. My uncle unfortunately has been allowing his bank to invest the money for us in the stock market and it was supposed to be "minimal risk." But of course now the money has been cut by more than half. If there is anything left by the time I gain control of it, how should I go about investing it? Especially from all my time spent on ATS I understand that investing in precious metals (most notably gold) is the best course of action, though my uncle refuses to listen to me while the money dwindles. Does anyone have other thoughts on what to do with the remaining money? Please and thank you for any advice and opinions.




posted on Sep, 5 2010 @ 07:05 PM
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u should have put it in an IRA with a def interest rate.
If you invest in this market, ur gonna lose.
The Stock Market is a Casino.
The house always wins.



posted on Sep, 5 2010 @ 07:27 PM
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reply to post by noxpenguinsxinak
 


I knew someone who sold a property a few years ago, just when the ptb were manipulating the market downward to ensure a soetoro win, and at a time when banks were vanishing fast, with the cash. The person had no idea where to put the money, so a friendly Chase employee happily relieved her of 5K by selling her a 'low risk' portfolio venture which immediately went sour. You have got to understand a few things about the market. First, it doesn't matter how strong the P/E ratio of a company is. The masters will tell everyone every day where to put your money, and it follows those chosen stocks. Therefore many good or even undervalued stocks deflate as the money is pulled from all stocks and put into the one that insiders are touting. Another thing is that 99% of tips are flat out lies designed to boost a price before the shorts kick in. You are going to get hurt bad playing the market, especially as it is about to crash.

Back to the Chase example-it is my belief that banksters will grab a newbie, someone with no working relationship with them, and immediately steal their money by putting the cash into losing items in their portfolios, while giving a boost to other customers who have been burned enough already. What's to stop them?

Good luck.

If you must play, have stops set always. They'll shake you out from time to time, as is their wont, but it will only be nickels and dimes you are losing, and not everything when the crash comes. If you see a profit, then take it. You will see many losses. It is rigged pretty much like a casino...using technology, of course.



posted on Sep, 5 2010 @ 07:34 PM
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You could give it to me. I'll invest it wisely



posted on Sep, 11 2010 @ 05:11 PM
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Is this like one of those Nigerian

"I am the inheritor of 1 million million dollars from the bank of West Mangovia and I need your help to retrieve it"

emails I keep getting ?

Hehe , jk


edit on 11-9-2010 by GeneticTheory because: (no reason given)



posted on Sep, 11 2010 @ 05:43 PM
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reply to post by noxpenguinsxinak
 


Sue the uncle to have it put into an account that cannot go negative like a money market,
or something else.

Anything but his horrible picks.

Even if it made zero it would beat -50%.

You might try reasoning with him on his results, if he insists he knows best
even though he has screwed up royally then sue for the right to lock it
into a no loss investment.

Talk to a lawyer with a winning record.

Good Luck, it will not go smoothly.






edit on 11-9-2010 by Ex_MislTech because: content



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