T/A ETF AND INDEX

[bbgold]

Ya, Don't rely on the Broker
I remember in 1987 I called my broker middle of Sept and asked him if it looked like the Markets were having problems and he said No. The Friday before Black Monday I called and said "The Market sure took a hit today should I sell?" and the answer was No. At the Open on Monday the Market was down and I called and asked "Should I sell?" and the answer was 'No, it can't be that bad'. So I held, and when the Market was down 500 pts I called again and of course I got 'You might as well hold now as it will eventually come back'. He was right, but it took over 10 years to come back. About a week later I went into his office and asked him how he had done personally that day, as I had lost over 50% of my portfolio value, and his answer was 'I did Ok as I sold 2 weeks prior'. I was Floored that he had sold and yet every time I had asked he was telling me Not to Sell.
Ever since then I have had little faith in what a broker has said.
It is your money and You need to learn how to protect it, especially if you want to trade it, as you don't want it to be a gamble.
Be Safe and have a Wonderful Week!
http://en.wikipedia.org/wiki/Black_Monday_(1987)