the next time a finnacial adviser/salesmen approaches you ask him if he was able to thwart off these loses for his customers. ask for proof....
I did this in the 80's during the big nightmare over junk bonds....they have no answer.....
Actually I was just baiting you to say something horribly insulting but yet very funny
If we had sold out on the advice of the media back in 04/05 when talk-media gurus claimed everything overbought, where would we be today? We're down to December 06 levels. As a buddy of mine said today, he remembers a few years ago when he was hoping Canadian tire would reach $35. Now it falls to mid $70's and the world is coming to an end.
I once heard Dave Chilton "the Wealthy Barber" describe the best investor profile..the little old lady with stocks in her safe deposit box that she didn't know were there. If she did she would have sold them decades ago. Now she's wealthy beyond her imagination having not made the usual investor mistakes.
yeah yer right on the mark here.....but in that case why did we need advisers and paying them commision...bleh
The average person doesn't have the time, discipline or resources to make the right decisions.
Why does Tiger Woods need a golf coach?
honestly...you made money it somehow by seeing it coming and all your clients?
If you were around the other big and minor corrections the same questions..honestly now....
before you answer..i know a partner in price waterhouse coopers who missed all of the above along with all the other partners.....everytime....
Absolutely. Wasn't sure about the timing, so I started selling and putting on short positions a few months ago. Got net short about a week ago.
I made money, yes. I expect to make more money.
I have no clients, though I was once a broker.
In 10 years, I have had two down years, and the worse was -3.0% (in US dollars). I am up this year.
Are they accountants? I never ask accountants for investment advice. I ask accountants for accounting advice.
Lots of pros make mistakes. I'm wrong a lot. I just don't stay wrong.