Posted on 01/23/2009 9:43:42 AM PST by marshmallow
That’s akin to taking a loan out on your house to buy stock. That’s just very poor risk management.
No, living modestly would mean moving to a less expensive home. She could have bought a $200K house with cash from selling her home when her husband died and she wouldn't have a mortgage right now.
For a long time I had all my money with an investment company called SEI. It was recommended by my broker. It didn’t seem like a big deal, because it was spread in so many different funds. In retrospect, it probably wasn’t too bright. The good news is that nothing went wrong and now I do things differently.
The point is that when you invest money, you assume that there is oversight. I’m sorry, but that’s true. I don’t think it’s up to the individual investor to make sure that all the documents that the government requires to license these people are correct. There will be so many people found to be negligent on this, but I think the least culpable was someone like this woman.
What are you talking about? She invested it with a reputable company. one that continued to be licensed by the government. She wasn’t getting crazy returns either. If you can’t muster ANY sypathy for her, you are heartless.
It’s unbelievable how much class envy there is on this conservative website.
No envy here, but you wonder how all these people, all or most of them Jewish, as far as we know, all of them wealthy and supposedly very smart, all of them misjudged Bernie, and then who else have they misjudged? The one, they, or 75% of them, have just voted into the White House perhaps?
In other news, SEC, the same agency that let Bernie get away with it all these years, is on their toes, investigating if perhaps, perhaps Apple has benefited from disclosing Steve Jobs’ illness at the time they disclosed it instead of at another time (that the Einsteins at SEC would also consider suspicious, you can bet!)
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