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Originally Posted by strobi
Never ever take advice from brokers/news sites.. very true ;-) Just learn to read the numbers! My portfolio is up quite nicely ;-)
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Yes. Think about this guys, when a broker right out of college is hired by one of the big wallstreet firms like goldman for example, they will spend their first 2 years as a broker on the phone only, calling a list of past or present clients like a TELEMARKETER and trying to sell them stock.
Of course they put a nice spin on it and pretending they are doing you and your retirement a favor, but the only favor they are doing is to their bottom line. Now, would you take tips on how to manage your money from a glorified telemarketer?
You should take matters into your own hands. Do your own research, and DO NOT trust you hard earned money with those wallstreet crooks. There were brokers that were still recomending Enron up untill it filed for bankruptcy. Learn from the past.