|
Free investor seminars
|
Sheriff
Admin
4078 posts
 author
|
 posted 9/9/2004 11:20:23 AM
 reply
There is something very wrong going on with the dollar in this country.
In the last year, $ felt 50% in comparison to EURO. Surprised? No one told you about it, right? It used to be that you could buy 1 Euro for 80 cents. Not anymore, it now costs $1.20. It costs extra 40 cents (50% of original 80) to buy the same stuff produced all over the world as 1 year ago. There is no inflation, anyone?  
Every other time I go to my local bank I am offered a loan. And I am not a wealthy successful businessman (maybe in another 2-3 years  ). It's just it seems like my bank wants to get rid of $ bills at any cost. Never mind what they are telling you on TV, but when a bank wants to get rid of the money, I call it inflation.
Lately, I've been invited one too many times to different investment seminars, trainings and such. In fact, I went to one just to see what the hoopla is about. Not really much excitement there. Still same old “buy stocks if you are young, bonds if you are retiring”. “If you have more than $100,000 to invest, we will take care of you” and such. They are saying they averaged some 11% return in last 10 years. I guess if you disregard bubble years when every Joe-Chmoe was making 25%, they really suck at this financial stuff.
Last straw came in the mail yesterday. A personal invitation from CNBS University (familiar with CNBC and MSNBC channels on TV? They are owned by NBC Universal, of which 80% is owned by General Electric). Anyhow…free 4-hour investment seminar, in 3 locations in Philadelphia area. Nice looking card, here’s a quote:
“If improving your returns is a priority for you, I encourage you to attend this valuable event…Bring list of your favorite stocks – our professionals will analyze stocks from audience members in real time using our proprietary methods and stock analysis technology….Don’t risk another dime in the stock market until you attend this free event.”
Turn around the card, at the bottom with a tiny little script:
“CNBC does not provide financial advice, nor is it in the business of transacting trades. Neither CNBC University, CNBC or INVESTools, nor their subsidiaries, affiliates, officers, employees, representatives or independent contractors are licensed financial advisors. Although CNBC University investor education seminar may provide information relating to investment approaches, it is not investment, financial or other advice….”
The blind leading the deaf.
Unless, of course, you consider the fact that financial institutions may not be blind. It is their business to understand finances. I can only explain it one way – they need your money now. They are afraid you are going to take your money and put it into something else - that will not guarantee them free money for years to come. That you will become smarter by at least learning from licensed financial advisors. That you will become smarter with your money.
Good investing.
[Message edited by Sheriff on 9/9/2004 11:23:33 AM]
|
|
|
maxcore
46 posts
author
|
posted 10/19/2004 6:03:47 PM
reply
If i were you i would definitely avoid all those "free" seminars, just for one simple reason: NOBODY PUTS CASH INTO YOUR WALLET ,YOU GOTTA DO IT YOURSELF!
and one more thing ,there is nothing wrong with the falling dollar, because nobody wants to see it up, it's all has to do with outsourcing, all American designed products are being produced oversees, just look at your baseball cap tag or a pair of socks that you wear, i am sure you'll see it being labeled "MADE IN CHINA" or some other place across the ocean .
If the U.S-Dollar keeps rising that means the cost of production oversees will be rising too and that will hit U.S. consumer right in the balls! flashing all the economy in to toilet , that's why i am encouraging people putting their hard-earned dollars in to physical gold as dollar keeps falling Gold keeps rising 
[Message edited by maxcore on 10/19/2004 6:15:20 PM]
|
dan123
3418 posts
author
|
posted 10/19/2004 8:18:56 PM
reply
Ìåæäó ïðî÷èì, êîãäà åâðî ââåëè, êóðñ óñòàíîâèëè .85 åâðî çà $1.00 Ýòî áûëî â 1999 ãîäó, òàê êàê íàëè÷íûõ åâðî íå áûëî è âñ¸ ýòî âûãëÿäåëî íåñåðü¸çíî, åâðî ñòàë ïàäàòü. Óïàë àæ äî 1.3 åâðî çà $1.00 Çà-òî, êîãäà ïîÿâèëèñü íàëè÷íûå åâðî, âñ¸ âåðíóëîñü òóäà, ñ ÷åãî íà÷àëîñü, ÷åãî è ñëåäîâàëî îæèäàòü.
|
Sheriff
Admin
4078 posts
author
|
posted 10/19/2004 8:42:46 PM
reply
maxcore, you are not representing e-Gold, are you?
The problem with gold is that you can't really invest with minimum overhead. If you buy gold metal (in any way, shape or form, as coins, rings, chains, bullion, etc.), you are going to get ripped on transaction fees, and then when you sell.
If one can point me out an investment opportunity in gold that is as easy as investing in stocks, I'd appreciate it.
[Message edited by Sheriff on 10/19/2004 8:44:27 PM]
|
maxcore
46 posts
author
|
posted 10/20/2004 1:14:16 PM
reply
Investing in Gold futures even better then physical gold, you won't get ripped off at spot and you make good money in the short-term as well as in the long. i was saying the same thing about crude oil futures a year ago and look at it right now! Gold will hit $500 sometime by the end of this year or so. Mark my words!
P.S. if you'll decide to start trading futures then you might need some assistance in determining good entry and exit points, after all that's what trading futures is all about . You also get an enormous leverage which allows you to make good profits in the short run as well as in the long.
I specialize in stock and futures trading.
[Message edited by maxcore on 10/20/2004 1:58:18 PM]
|
|
|
New Topic
