Quote:
Originally Posted by MicroBob
I will give some free investment advice: stay away from anyone so short term oriented as the guy a couple posts up.
Yeah the same reason we had stock market leaks is the same reason barely anyone would be qualified to pick a financial manager/advisor. Basically past results are no real indicator of future results in the majority of cases.
I have worked for a short term day trading firm, read just about everything I can on the markets, and have come to conclusion that unless you have as much money as W Buffett and can buy entire companies the market is seriusly rigged against the typical investor. Who do you think GS makes all its money to take over the country with from?
The market is not a free money machine. Recent returns in the US (over the last 100 years) have been fueled by extraordinarily favorable events and trends and are NOT historically normal or sustainable in the actual long term.