Russett, we have been reading each other for a while on the Threads. You are certainly correct. About 4 years ago i started out with a W95 Pentium 1 at just over 100 MHZ and I had no prior W-95 Knowledge and surfed around and found S.I. That year I had left grad school in Boston and wanted to go back full time into real estate. I compilled a 300 pages + work and gave it self puplished to my classmates in my last formal main educational experience. Hey, it was message board writing 101 training and personal enrichment, but different. It taught me an out look of sharring info and research parameters needed to talk and or preach; it sounds weird but true. I met new friends all over the boards. Went to a gold company AGM in 97 and met the folks who said...let's find some claims. This year, I have the Pentium 2 and about 4 times the MHX and Ram as the old computer( hand down freely into the family ). There is alot more to say, like going to the Gold Show at the Marriott Marquise in 1998 for the first time. Maybe that led to me receiving the invite yesterday. Then I talked mining ( May 98 at the Marriott Gold Show ) with the Midas Fund manager ( Thor H.) and all the others -many who talked S.I.
Here is a link on the INTERNET INVESTING...lots of good info about not only why to be carefull but also how someone like the many mes here at S.I. had jumped onto the new technogical revolution that we were at the infancy of on the stupendious growth of the internet.
I can't imagine that I would of been able to develop the art of UPLOADING JPG images unto my many websites ( 6, I think); and then realkoize now, it ain;t an art. It is just a function of the computer, yet it is based upon good info from good people who want to learn and share it:
osc.gov.on.ca
Chucka( The Fear of the Unknown is past now- the future is going to put into motion what we all started back 4 years ago. IMHO )
Rules of the road now mean that there must be proper conduct in the proper ways ...like my SEC Disclosure on IR Help this year on my Personal Profile and like fact that I decalrred I was a current shareholder on American Precious Metals as I stareted writing about them here. Yet, the information we learn in the past all affect our FUTURES! IMHO: ( Be aware of the bad but look for the GOOD!)RE:
THESE are the reasons we have to wait and study VERY carefully!
Investing and the Internet
Be alert to signs of fraud
The Internet can be an invaluable tool for investors and offers a wealth of information about financial markets and personal investing. News services, government agencies, stock exchanges, mutual fund companies, securities issuers and financial advisers have established literally hundreds of World Wide Web sites that provide up-to-date information on investing and investment products. With just a few keystrokes, an investor with a computer and modem can have access to more educational materials and current market data than ever before.
Investors who venture into the online world, however, should keep in mind that the power of the Internet is also being exploited by investment con-artists and fast-buck operators who want nothing more than to separate you from your hard earned money. Regulators in Canada and the United States have mounted important new programs to stop cyber-fraud, but there are still many places on the Internet for swindlers to set up shop. This does not mean that cyberspace should be avoided, but it does mean that investors should be alert to signs of fraud.
Unregistered Trading
The law in Canada requires that people in the business of trading or advising in securities be registered (licensed) in each province and territory in which they do business. Increasingly, dealers from Canada and abroad are advertising their services over the Internet and the World Wide Web and are accepting clients and conducting business in jurisdictions where they are not registered.
Online Touts and Promotions
Online bulletin boards, news groups and discussion groups dedicated to investment topics can be effective forums for investors to share ideas about personal finance. Unfortunately, some con-artists have used these forums to tout specific securities for their own enrichment. Frequently using aliases, these con-artists post messages calculated to spark interest in a security, usually one that is traded on a venture capital or over-the-counter market. The messages sometimes take the form of testimonials or fake conversations. They often include unsupported share price predictions or ‘hot tips' about important news that has not been publicly disclosed. What the messages do not disclose is that the person is hyping the security only for personal gain.
Misrepresentations
That information appears on a computer does not mean it is true. Regulators are receiving an increasing number of complaints about misrepresentations in investment information distributed through the Internet or by e-mail. Often the misinformation has been posted anonymously or through an alias, making it difficult to determine its origin. In other cases, the misstatements are made by companies or financial advisers who do not take the same care in preparing electronic communications as they would in preparing an official filing for regulators.
Manipulation
Through anonymous online touts, misrepresentations and puffery, cyber-schemers have used the Internet to help them artificially run-up the price of thinly traded securities. Unwary investors read about hot tips, huge potential profits and limited risk, but they aren't told that the vast majority of shares are held by a small group of people who are behind the hype and promotion. As investors rush to the market to ‘get in on the ground floor', the inside group cashes in, selling their cheap shares into the rising market. When the hype-fueled share price falters, the promoters may blame unnamed short sellers and may inflict even more damage on victims by urging them to ‘average down' by buying additional shares as the price drops. The security often disappears from sight soon after, and investors are left to post plaintive messages: "Whatever happened to Company X?" These manipulative schemes have been played out for decades, but the Internet makes it easier for fraudsters to reach a wide audience of unsuspecting investors.
Illegal Distributions
The power of the Internet has tempted many new ventures to try to sell securities to the public illegally. In Canada and in many other countries, the general rule is that securities can be distributed to the public only after the regulators have vetted the company's prospectus. Even then, the securities must be distributed through a registered dealer. New schemes are being uncovered regularly in which companies are advertising and selling securities to the public via the Internet without having filed a prospectus and without fulfilling the legal requirement to provide investors with detailed information about the company and its securities.
Protecting Yourself Against Online Fraud
Some of the abusive investment schemes in cyberspace are indistinguishable from those that have been used elsewhere for decades. The online world, however, represents an enormous advance in the ability of con-artists to victimize the unwary. Some simple precautions can keep you from becoming a victim.
Don't believe everything you read"
....Chuckasays-study where and who says it and think for YOURSELF!
P.S.- I have been telling Our Claim Group lately that the best investment that may make you rich via investing in uniqie complex mineralizations may just be this small company in Canada that has a 2 million acres claim -permit basket as our little claim group as so little to offer in comparison...in size and in many other things. And they are PUBLIC and REGULATED where as we are private and unable to get anywhere without a decent Joint Participation in some distance future many years from now in royalty income stream that is not even so stated as yet. Public is better than Private for the here and Now!
Thanks for the education. The retirement will have me laughing in the years hense...how I learned long term investing 101- circa 1997 when I heard about the WWW, W-95, Birch Mountain, and New Techogoly Concept on unseen minerals that are very complex. That is my breakthru! |
