Investing Information

Larry, moe and curley, investment brokers - investing

 

Larry, Moe and Curley were session in their favorite restaurant just off Wall Lane having their usual 3 martini lunch and were discussing the day's measures and their client portfolios.

Larry:"I had 12 calls this morning from customers imperfect to know why the market was going down".

Moe: What did you tell them?"

Curley: "Yeah, what", attractive another gulp of his libation.

Larry: "You know, the usual. This is a common improvement and not to worry. I am watching your account. The advertise at all times comes back. "

Moe: "That's the same BS I tell them. "

Curley: " I have more than 300 financial statement and I can't watch them aside from my 5 big traders. Who cares about the others anyway? My ballet company won't let me tell them to sell when their stock starts down and they deem the old saw about 'hang in there for the long haul'. I blew out of all my stocks last week. Thank goodness. The marketplace has dropped 300 points since then.

Moe: "It would be beat for the customers if our business would let us tell them to use stop loss orders. "

Larry and Moe, shouting in a single voice: "Don't say that or we'll get fired". They both bonk him on the head spilling his drink. "Nyuk. Nyuk. "

Yes, it may sound funny, but there is more truth than fiction in that imaginary conversation.

Why don't brokerage companies tell their customers to sell when the advertise is declining?

There are two reasons. First any large brokerage does not want to get on the bad side of a company. That band might have a public offering later on and they will absolutely not be asked to sell any of the stock or bonds. This is where the big money is on Wall Street. The be with aim is they don't want the customer to have cash in his account. He might take it out. Brokers make money even if you do not trade. It is not much, but it does keep the pilot light lit.

Brokers also depress buyer stop loss orders for the reason that it is more paper work for them and then they do have to watch your account. Unless your bank account is high 6-figure or 7-figure you are not on the radar screen. Mr. Dealer (an appropriate name for what he does with your money) has an arithmetic mean of 300 balance sheet and many have 600 or 700. As new guys come into their office they give them the a small amount accounts.

When a insurance broker passes his securities license he is given two manuals. One is SEC regulations that must be followed and the back up is how to open accounts. There is no third guidebook on how to guard customers' money or trade. Brokerage companies want their salesmen to be a consequence the company line and push a variety of products. There is no attention of consumer protection.

If your dealer is Larry, Moe or Curley it is time to find a new one.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of citizens make money and keep their profits with his austere 2-step method. Read the first interval at http://www. mutualfundmagic. com and ascertain why he's the man that Wall Road does not want you to know.


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