This guy dont know ZIp about money
Posted by TheCooler
I guess you didn't bother to read the entire article....
Try picking up the phone.....calling the company....and achieving 12 percent average annually......that's not going to happen....
The article clearly states that mutual fund managers who get 2-3 percent a year are considered financial geniuses*(he believes it).....these are the guys who get paid many millions of dollars a year to be the best at what they do......*12 percent is virtually impossible without some kind of priviledged information.....
Seasoned ecomomists will tell you that corporate insiders normally outperform the market by 6-7% annually......Insider trading is not a secret at all....it's a commonly known fact.....just because it happens all the time.....doesn't make it legal.....securities fraud is rarely prosecuted.....the fact that senators consistently outperform even the corporate insiders is considered impossible to do......legally....
How much proof do you need?....it seems to me that senators are the ultimate insiders....
You tell me that any experienced broker can get me 30% per year average on my money?.....point me in the direction of this broker.....please....I'll hire him now.....no questions asked....
You also tell me that ImClone......the company involved in the Martha Stewart case.....is not available to the public.....You're wrong there....It's traded on Nasdaq.....I can buy it tomorrow if I want for about 30 bucks a share.....Martha could not have owned it in the first place if it wasn't available to the public....
The founder of that company.....Sam Waksal....was sent to prison for over seven years on charges of bank fraud....securities fraud.....perjury....and conspiracy to obstruct justice....
The reason that they're going after Bill Frist is because he was too obvious in his crime......just like Martha.....High profile people like this....who have enemies that are looking to take them down.....need to be more careful than most people when breaking federal laws....
I hate to disagree with your assumptions....because I know that at the ripe old age of 23....you must have a wealth of investing knowledge under your belt.....
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My Reply
Once again insider selling is not a crime..get it
Insiders can buy and sell their stock as they please as long as the papers are filed ahead of time.
Being a senator doesnt make you an insider, Senators can be everyday investors like anyone else.
Monkeys throwing darts at a stock sheet on a wall could get 2-3 percent. Why would anyone invest in stocks for 2-3% when thet could get that from a bank with NO risk of losing their money.
I never told you Imclone was not availible to the public. I told you Martha sold her stock based on info the was not availible to the public, by the time it became availble to the public the stock dropped 30%. Martha was long gone by then..thats illegal insider selling
30% impossible??? thats Laughable.
Also untrue that you cant own stock in a company unless it is trading on a big board market like Nasdaq.... If little Suzy want to incorporate her lemonade stand, she has a right to sell stock in said corporation.
Bill Frist did nothing illegal, matter of fact I checked his transactions which are public info. He sold his stock at $45, the stock is now $48, So he lost money because he sold too soon. Is losing money a crime??
I dont make assumptions I only deal in facts. Yes I do have a wealth of investing experience, I could dwarf you with what I know about investing.
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