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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
E Traders...Day Traders....all the same thing they are = to money losers....My question is how many of you would tear down your Porsche motor and put it back together yourself...with just the book "How to Rebuild your Porsche Motor for Dummys" ....thats just about sizes it up...So why would you presume to understand how to make a dollar on Wall Street...Even the people who sit and watch the screen all day everyday for a Living have trouble at it...and there are some very sly people out there....

Now I don't trust the the majority of Brokers out there either..most are just spouting the party (corporate) lline... and don't know a dam thing...they might as well be selling vacume cleaners for what they know...

So how do you get started investing your money...start slowly...cheap trade doesn't mean good trade...find someone in the middle.. and before you buy ask...what is the trading range of the stock...how much cash do they have, hoiw much debt do they have, have revenues been increasing, what is the sentiment among the pros (analysts) not that they are right....are the big blocks of stock being sold on the upside or the downside...what is the Beta....what is the P&E ratio... and then you think what am I buying this for...short term, long term..Oh and does your Brokerage house have a bunch of this stuff they are peddling off to their clients.. Oh he11 I'm tired of this allready...I just let Mother figure all this stuff out..it makes my head hurt....

Anyway what it comes down to is that the Broker you want to talk to doesn't take walkins...
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"Some Observer"
Old 12-04-2004, 12:33 PM
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