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Last month a major story that made the rounds inside the financial media was Jim Cramers of-the Street.com statement that some hedge-fund managers spread false rumors about an organization to large trading desks and the media to drive-a stock price lower. He said this practice is illegal, but simple to do since the SEC [Securities Exchange Commission, the U.S. regulatory body] doesnt understand it. More over, the exceptionally rich former hedge fund manager boasted, Whats impor-tant when youre in hedge fund function, says Cramer, will be to not do such a thing remotely genuine, as the fact is indeed against your view. For all those of you that remain skeptical about the dishonest techniques of investment professionals and businesses, probably a colleagues entry may finally persuade you. Why these stories even make big statements is beyond me. As Ive been saying for a long time that the investment industry is saturated in investment experts, everybody from financial consultants to private wealth managers to professional money managers, hard at work weaving the emperors new clothes, a former industry core myself. However, only once a huge mouth like Cramer speaks of the dishonesty that netted him great success does it attract attention. For those of you unfamiliar with the myth The Emperors New Clothes let me summarize it for you. Sometime ago in a kingdom, there lived an emperor whose vanity was popular. Two swindlers, Guido and Luigi Farabutto, knew they can capitalize on this emperors character flaw to produce a huge profit. They acknowledged the emperor and told him that they would sew him the best possible suits of a very high priced special material that would be invisible to anyone that was ridiculous or of low character. The emperor, fearing he would not manage to see the clothes, sent two of his men to go see the matches. The men returned, and afraid to inform the emperor they could not see the garments, told the emperor that the suits were one of the most beautiful suits theyd ever seen. If the emperor went to see the Farabuttos, understanding that his servants were able to see the clothes, he didnt wish to admit that he could not see the clothes for fear of being considered foolish and of low character. So he proceeded to allow herself to be dressed in non-existent clothes to get a parade through town and proceeded to go through town in his underwear. When he discovered a new child that said and pointed at him, But he has no garments, only then did the emperor realized that hed been conned. Its remarkable to me that many investors, even those with millions at investment businesses, actually believe that their counselor or their company has their best interests at heart. In reality, in my listing of 101 Reasons Why Managing Your Own Money is the Only Method to Build Wealth at http://www.smartknowledgeu.com, Ive given visitors 101 reasons why this really is very, very rarely the case. This provocative Link Exchanges The things they… fretfulpus403 URL has some original aids for when to consider this activity. Needless to say, everybody thinks that their counselor or financial expert is the one guy or girl at their organization that actually cares about their financial security. If only they can spend only 1 day in the trenches with their consultant, theyd 999 times out of 1000, witness an entirely different story. Sick relay yet another strategy I learned about a top economic consultant in a top Wall Street firm that will get your attention. This prime financial expert maintained many million dollar accounts. The way in which he would get wealthy people to trust him was to demonstrate for them his ability to choose stocks that performed phenomenally well. To do this, hed find a very thinly traded stock that historically was very volatile. Hed pay for a list of high net worth customers, call twenty people on that list and let them know he was a premier economic expert at his company. Of course, this may not obtain the attention of those rich people because they did not know him from Adam. Knowing theyd be reluctant to hand their money to him and begin a relationship with him, hed acknowledge their reservations. Hed then check out keep these things write the name of this risky share that he had reviewed on the bit of paper. Hed then tell these 10 people that his stock picking strategy was so good that he was 100 sure that if they dedicated to this stock, they would create a healthy profit in a brief period of time. Then he would just take another 10 people on the list, repeat this fraud, but rather, inform these 10 people that he was 100 sure that theyd make a lot of money from this stock if they bought put options on this stock. Before stock moved 2500-10 approximately then he would wait many weeks. Hed call the 10 individuals who he told he was hundreds of certain they would make a lot of money from purchasing the stock, In the event the stock gained. Viki contains extra info about the inner workings of this belief. Hed ignore the 10 rich people he promised would call the 10 people he told to short the stock and make plenty of cash by buying this stock, if the stock lost 25 approximately. They were surprised that he was right regarding a stock that they had never been aware of when he called these individuals, and many agreed to provide lots of money to him. I tell you this story because techniques like this, made to make it seem as though these investment professionals, and I use this term really softly, really understand what theyre doing, when in fact, they are attempting to sell only emperors clothes to you. In fact if youve been reading my sites for some time now, you know that the strategies of resource allocation, diversification, and low volatility are typical just emperors clothes too. Though they may appear great to-you, thats precisely what the very best of all revenue strategies achieve. They are designed so well that they allow you to feel comfortable and responsible. The top emperors clothes sell customers with no customers even recognizing they had been highly selected goals. Only search our Educational methods and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to find out why every one of the best-known investment techniques today are only emperors clothes. My estimate of the percent of professionals that place emperor clothes every day handy to investors is 99-year. They weave plans, marketing strategies, and sales strategies in complex ways in order that upon presentation to you, they look like the finest economic strategies created specifically for you, their finest consumers. We discovered url by browsing webpages. Be taught more on our affiliated web site - Visit this URL link emperor. Only ultimately, these strategies leave you financially naked, so much so, that even kiddies with no economic level of sophistication, could comment upon seeing these people that so willingly let themselves be taken for a drive, But he has no success. In-fact, only last week, I read this report with statements from the CEO of the company that manages the accounts of several of the people in The Usa in what it will take to genuinely create wealth. A lot of his statements, nevertheless emperors clothes reasons that most of the people accept as truth, were so ridiculous that I laughed aloud, knowing that hed been able to place emperors clothes for the top tier of wealthiest customers in America. Dont get me wrong, its not that in my opinion that everyone in the business is out to con you out of your wages. There are several truly good, honest people in the commercial. However, on account of how firms pay their economic specialists, that much is certain. There will come a time, and most likely several times, whenever a specialist will have to make a decision between you and himself/herself. Which means that the expert must choose between doing the absolute best thing for you and doing some thing much less good for you but better for their paycheck. And having been in the business, I know a lot of instructors that chose the latter many times and seldom any at all that chose the latter occasionally. Bear in mind Jim Cramer, some body that created approximately fortune of 100 million by influencing wealthy clients, said, Whats important when you are in hedge fund setting, is not to do any such thing remotely genuine, since the fact is so against your view. And once you read Cramers statement again, know that this attitude predominates among almost all investment business professionals, not merely Jim Cramer..