I've noticed that too
""Some of the most naive investors I've seen on the message boards are retired cops.""
And also, some of the predators on the boards are retired cops. Remember Don Georgino, Observer22 ?
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,