ksjnx
New Member
Posts: 32
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Post by ksjnx on Oct 28, 2009 18:15:42 GMT -5
Well let me start out by saying I am not even a novice when it comes to finances and the market. I am just stating basic principle.
I never attempted to imply that the market itself is simple. Infact, i balk at any attempts to make it simpler. I would consider myself only slightly more understanding of the market than mose. The only simple fact here is this: One who puts themselves up for such risk has no one to blame but themselves in the event of failure. This principle holds true in Business ownership, and other forms. Although a shop owner may have had a failure because of stiff competition or not enough advertising, who else is responsible for taking that risk of opening the business? I believe the same is true for the financial sector as a whole.
1. I am far too limited on income to invest. 2. I have done little to no research on mutual fund portfolios to deduce what option is best is for me. Be it money markets, open ended funds, ect. CD's sound like an interesting option, especially since they are insured
You can bet your ass if I did have reasonable amount of capital to invest I would spend plenty of time learning the ins and outs of a particular investment before I threw my money into a potential hole. And guess who would be responsible if I didn’t do my research first, or happened to lose it all for another reason?
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Post by flylooper on Oct 29, 2009 7:10:55 GMT -5
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Post by baldrick on Oct 29, 2009 9:24:35 GMT -5
Wtf does this actually mean? "Undisplayed liquidity adds to execution quality," said Bob Gasser, chief executive of Investment Technology Group Inc., which is credited with creating the first of the modern-day dark pools roughly 20 years ago. "You can come up with all kinds of anecdotes, but the simple fact is, on behalf of all investors, dark liquidity adds to execution." How can anyone take this guy seriously, when he sounds like a Randian characature... If I read this as stated, it seems he's advocating for a complete lack of regulatory oversight. Fcuk that!
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Post by baldheadeddork on Oct 29, 2009 10:36:24 GMT -5
What the fuck he means is "Don't gore my ox."
This entire innovation movement on Wall Street is nothing more than a scam. I heard someone make the case that naked swaps - a derivative where investors bet for and against investments they have no role in - is an essential financial product and the world will collapse if they're even regulated. They say this with a straight face even though economics and markets grew and evolved for several centuries before these "products" were invented ten years ago.
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Post by shadows090 on Oct 29, 2009 10:47:16 GMT -5
Perhaps he is the owner of a swinger club.
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