PERSONAL RESPONSE TO JOHN KIM
> I presume we are all grown ups here, and it is our OWN money.
>Please keep all other comments other than business at hand, to yourselves. If you're going to give any warnings of caution, be specific and back it up with facts or some information, not rhetoric.
I know this was not directed specifically at me, but I disagree with you. With power comes responsibility. There are novice investors reading this thread who beleive they can be successful by following the advice of other successful people. Some people on this thread have the power to unwittingly or unknowingly lead these investors down a treacherous path.
No one is explaining the road they came from. Shawn has not made 530% returns on his investments forever. He never said as much but it leads one to beleive he has been extremely successful in the past. At the start of his thread, he states he has been doing this for "many years". At 530% a year, it only takes a few years to be Warren Buffet, Jr. which Shawn is not. He never said he was either but it does make people get "stars in their eyes".
To take someone on a trip and not educate them along the way, especially when the trip is dangerous, is negligent and irresponsible. There are desperate people out there who go into the welfare office for their support checks and then run off to the racetrack, to bingo or play the lottery. Their income is not large enough to survive on and they see this form of gambling as their only alternative for continued survival.
I use Robin K as a good example. When I exited CSGI at 15, she chastised me politely and learned something when the stock fell back and I got back in again. My comments prompted Shawn to come on line and admit that profits should be taken at certain points. Robin and others learned from Shawn at that point. Robin was chasing a penny stock up and when she finally was about to make the move, it reversed and she learned another valuable lesson. Robin is becoming a very savvy investor and is getting 2 degrees, it seems. One in Physics and one in investing. She is a double major (this is praise, not sarcasm). However, I do not know how tight Robin's finances are and whether she is really investing this semester's or next semester's tuition and boarding. She is an adult and it is her money but I feel responsible for making sure she doesn't do anything that will devestate her chances of finishing college. How about you????
If warnings are to be backed up with facts and examples and not rhetoric, let the flip side also occur. We need to be provided with as much facts and information as can be provided when picks are listed. Past track records are only an indicator of past performance.
But there is a phrase "What have you done for me lately" or "your only as good as your last performance".
Robin - if you happen to read this, I am not picking on you. I wish you the best. I paid for my college education by stocking shelves in 2 groceries stores late at night and in the early hours of the morning to keep in school after my dad passed away. I had an educational scholarship and the 2 jobs allowed me to pay for room, board, books and essentials. In my mind, I see you as a struggling student, which you may not be. |
