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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: portage who wrote (19024)5/17/2002 8:48:55 AM
From: Ilaine  Read Replies (2) of 74559
 
Problem is, how do we get gov't to do it right these days, when they're bought out by the same forces they need to put some controls on ?

Bingo. But I'd leave out the "these days." Problem is, how do we get gov't to do it right, when they're bought out by the same forces they need to put some controls on ?

Answer: investing is a voluntary action. Nobody puts their hand in your pocket and pulls your money out of it. If you are going to invest, you are taking a risk. You need good information that the person you are loaning your money to (that's what investment is) will pay you back.. If you don't have good information that the person you are loaning your money to will pay you back, then don't do it.

Don't be blinded by advertisements. That's what "buy" ratings by brokerage firms are. The brokers make their money from commissions. It's in their interest if you buy.

You can't trust anyone but yourself to look after your own interests. Kick the tires. Read the balance sheet. Be prudent.

And you still may get fleeced. So don't bet the grocery money.

And if you are not careful, and you get screwed, don't blame anyone but yourself.

If you are careful, and you still get screwed, and it was fraud, sue the bastards.
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