View Single Post
Cdnone1 Cdnone1 is online now
Registered
 
Join Date: Jan 2003
Location: Los Angeles, CA
Posts: 2,110
My brother is an investment banker and plays in the world of finance.
All info released to the public is yesterdays news. Anyone reading the perspectives and reports and making decisions on that will never do as well as the people that are writing the reports. There is a reason why investment bankers are subject to random polygraphs.
All investments are really just legalized gambling (esp. commodities)it just depends on how much of a risk you want to take. People use to say just put your money in something safe like GM and Kodak, HA!
Everyone wants to beat the market, but which market? It's a global market now.
I personally (and this is just me) look at my investments in 6 month,1 year,5 year and 10 year plans.
I don't day or minute trade and I'm not greedy or impatient with my money and that has helped my wife and I do well. Maybe we didn't make the extra .7 % one year but we didn't lose the extra 3.6% the next
Just my 2 cents pardon the pun
Steve
__________________
1982 SC
Old 12-14-2005, 08:07 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)