A.I.M. Users Bulletin Board

[Neil Scott]

Happy New Year everyone.

I am hoping we can look back on 2008 in ten years time as market veterans and say we survived while others crashed around us, all because we used a logical system that contains good risk management.

Isn't it amazing how we thing that the wealthy out there have secret knowledge on how to make money then along comes the Madoff scandal and you realise it's not true.
The irony is that you and I would not have been wealthy enough to hang around in those exclusive circles where you had to be invited to place money with him.
So, that air of exclusivity became the Madoffs selling point and the wealthy would have been falling over themselves to give him money, all now up in smoke.

So I guess the moral to the story is that you have to be your own financial advisor as only you have your best interests at heart. Don't believe in so called experts as they are illusions.

This reminds me of my days as a punk rocker where our philosophy was that we had no heroes, what are heroes except romanticised ideals wrapped around some individual.

Have a very happy new year everyone and lets hope we are still around in a years time to talk about it.

Regards

Neil