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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (7217)	5/9/1999 11:23:00 AM
From: Dan Clark	Respond to of 12617

The major issue is that the Internet has made two fundamental paradigm changes in the business structure: - It easily provides investors and traders with much of the information that the Wall Street crowd used to think was their province. - Buyers can go directly to sellers (and vice-versa) of almost any product. Consumers now have easy access to information to help make them smarter about their business decisions. They don't have to use an "advisor". Result: NO MIDDLEMEN! People don't have to go through middlemen. On Wall Street, they call them dealers, brokers, fund managers, etc. In other areas of business, they call them Salesmen, distributors, retail stores, facilitators, etc. Broad range of areas. Consumers of goods and services now have direct access to producers of goods and services. They can find each other, communicate with each other and finalize deals with each other. Easily and quickly. Result: NO MIDDLEMEN! This has all of the "Middlemen" scared shless. We don't need these clowns whose primary role has been as a facilitator. Technology has provided much of the facilitator role at a much lower cost. Facilitation is no longer added value. What we need is new added-value - tools and information to help us make and implement our own financial decisions. People and companies who provide this new added-value have leaped into the fray and are making mega-bucks. The old-guard middlemen/facilitators are quickly becoming useless. They haven't got the necessary skills and knowledge to give us added value in the Internet world. So, they fight back with dis-information (bullsh). The middlemen/facilitators of the world are expensive anacronisms. Other than my wife, there is one person on this planet that is really, truly interested in increasing my wealth - ME! Every one of the "me's" of the world has that vested, self-interest. The middlemen/facilitators of the world, like Mr. Liu are interested in increasing THEIR wealth, NOT mine. The middlemen/facilitors will continue to prey on some people - those without the intelligence or gumption to manage their own money. The problem for the middlemen/facilitators is that those who HAVE money will be increasingly likely to manage it themselves. Middlemen/facilitators get the leavings. Considering how much these clowns have siphoned off for themselves in the past, I'd say they will get their just due. One man's opinion. Regards, Dan.