Comments on: Financial Advice To Remedy Last Years Economic BS

By: BS Artist

BS Artist — Sat, 24 Jan 2009 04:35:34 +0000

I’ve actually picked a share company in my portfolio that had been hit quite hard, lost about 70% of it’s value, but I’ve noticed that it had developed quite a good channel, so I bought an amount which I sold at a profit. I also sold enough of the existing shares to write off the profit. That allowed me to buy even more shares when the price dropped again. This way I am being productive rather than waiting for the share to obtain something of its initial value and at the same time I am increasing my portfolio for those shares.

By: Brad Hart

Brad Hart — Sat, 17 Jan 2009 10:24:34 +0000

There is no such thing as a good, better, or bad year financially speaking. It all matters in how you play the markets. If you stock is in a fairly stable company then you should be buying more of it as the price slides. When the price starts going back up you easily sell below your original purchase price and still break even or turn a profit. Alternately just accept that these things happen in the financial world and accept you will be getting great dividends at a lower per share price.

If you can spot a company in a downward spiral, not hard if you pay attention, then you sell their stock short. You have no idea how many investors make money doing this and this alone. It is riskier, but not a hard way to make money in a slowing economy.

Lastly if you are lucky enough to have money you can invest long term now is actually a very good time to get into the market. Stock prices are low and you will benefit greatly over time by spending money on companies likely to still be around 5 or 10 years from now.

By: BS Artist

BS Artist — Sat, 17 Jan 2009 03:26:25 +0000

I reckon that there is money to be made if people make the right choices.

By: Make Money Online Tips

Make Money Online Tips — Fri, 16 Jan 2009 14:08:07 +0000

Nice advice there. Some say this year will be better financially. But others say vice-versa, expecting the markets to touch new lows. Make Money Online Tipss last blog post..Affiliate Marketing For The Newbie Marketer

By: BS Artist

BS Artist — Mon, 12 Jan 2009 10:04:09 +0000

Oh, I didn’t expect it to be legally binding as such, but we did have a verbal agreement and he failed miserably. No big deal, he lost my business and I have now rolled over my super to another company whose fees are a lot more reasonable.

By: Brad Hart

Brad Hart — Mon, 12 Jan 2009 09:30:10 +0000

I don't know about Australia's securities laws, but simply saying "keep me informed" wouldn't have met the standard of asking specifically for the information under US law if I had screwed it up, so I wouldn't have offered it up. I know it is a shitty thing to say, but with as many investors who I regularly had say "I am going to get you fired" or "I am going to sue you" I wouldn't have taken the chance and said anything. The law is on the side of the investor rather than the broker, no matter how stupid or outdated the practices are. Brad Harts last blog post..Liveblogging The Golden Globes

By: BS Artist

BS Artist — Mon, 12 Jan 2009 06:36:52 +0000

So that was my problem, I never bothered to ask. Shit! But I distinctly remembered telling my last adviser, before I switched, that I wanted him to keep me informed of how he was handling my portfolio. Sure he says but he never delivered and so now he is history.

By: Brad Hart

Brad Hart — Sun, 11 Jan 2009 12:50:31 +0000

Not every firm will charge management fees. Basically what a management fee should go for and used to go for is them actually managing your portfolio (imagine that). The service is actually still included in most contracts, but because of security laws in most countries they can only say so much about it and have to wait to be asked before fully explaining the service. The fee is there so people will ask, because even if they don't include the fee they can't tell you about that service without you asking first. Most people pay the fee, but still never ask. In the end the restriction was put in place for a good reason, it kept brokers from promising the moon and then not delivering. That said it has caused more harm than good in my opinion. There are plenty of good honest brokers out there, and they have to keep quiet on how they could help their clients because predecessors generations before screwed up. Brad Harts last blog post..Favorite Online Videos

By: BS Artist

BS Artist — Sun, 11 Jan 2009 07:53:47 +0000

In regards to finding this stuff Mitch, its not what you know but which site your a member of.

Nostradamus, I reckon he just wrote a lot of sketchy stuff that people manipulate into making it some sort of prophetic vision.

I remember once how my brother convinced me to go halves in a $10,000 bit of software that was so good it could tel you when to get in and out of different share purchases. Unfortunately I let him win and it was just like I said, there are way too many variables and unknown things that could happen in the future to lend any credence to it. Lesson learned me old mate, if it’s sounds too good to be true…..

By: Mitch

Mitch — Sun, 11 Jan 2009 07:15:19 +0000

Great find, Sire; how the heck are you following American news that I missed myself? The thing is, these folks make predictions based on the signs at the time they're writing. Not everyone is Nostradamus; heck, we're even debating if Nostradamus is really a prognosticator or just a guy who wrote a lot of sketchy stuff that people can interpret any way they want to. All of us go on gut feelings based on present information, but things do change. Let's see, drought, fires, floods, hurricanes,... none of us saw those things coming in such a terrible way. Then again, I'd have never predicted the Dow reaching 40,000; that wasn't even close to ever happening. Mitchs last blog post..Antivirus 2009