Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

Remember my post from May 23rd?

https://www.google.com/search?q=cnxt&ie=utf-8&oe=utf-8

[Tonitrus]

How much would you charge to manage my finances? 

[Monoriu]

How much would you charge to manage my finances? 

Don't trust anyone to manage your finances

[MadImmortalMan]

Don't trust anyone to manage your finances

Anyone who charges you has a conflict. I wouldn't do it, and I don't have the proper license to do it. Some of my family members have put small trading accounts in my care. Just by giving me the logins.

[DGuller]

Don't trust anyone to manage your finances

Anyone who charges you has a conflict. I wouldn't do it, and I don't have the proper license to do it. Some of my family members have put small trading accounts in my care. Just by giving me the logins.

How much do you want for the logins? 

[Admiral Yi]

Anyone who charges you has a conflict.

That's not necessarily true.  Problems arise when broker/advisers are being paid sales commissions or when their brokerage house is giving them a churn commission.  Conflict of interest is not inherent to the job.

[Monoriu]

Anyone who charges you has a conflict.

That's not necessarily true.  Problems arise when broker/advisers are being paid sales commissions or when their brokerage house is giving them a churn commission.  Conflict of interest is not inherent to the job.

But in reality, most brokers are on the sales commissions model.  So their top priority is to sell me life insurance policies, with absolutely no interest to learn if I have children or not 

[Admiral Yi]

But in reality, most brokers are on the sales commissions model.  So their top priority is to sell me life insurance policies, with absolutely no interest to learn if I have children or not 

How many data points are you basing this conclusion on Mono?

[Monoriu]

But in reality, most brokers are on the sales commissions model.  So their top priority is to sell me life insurance policies, with absolutely no interest to learn if I have children or not 

How many data points are you basing this conclusion on Mono?

My banks call me periodically over the years.  They always start with life insurance.  If that fails, they sell mutual funds, followed by derivatives.  I have yet to meet anybody who has shown *any* interest in my family situation or financial goals 

[Admiral Yi]

My banks call me periodically over the years.  They always start with life insurance.  If that fails, they sell mutual funds, followed by derivatives.  I have yet to meet anybody who has shown *any* interest in my family situation or financial goals 

In Korea this is called "North question, south answer."

So, two?

[Monoriu]

My banks call me periodically over the years.  They always start with life insurance.  If that fails, they sell mutual funds, followed by derivatives.  I have yet to meet anybody who has shown *any* interest in my family situation or financial goals 

In Korea this is called "North question, south answer."

So, two?

A lot more than two.  I have accounts in two major banks, and their staff turnover is very high.  The finance people, our best people, are always looking for better pay.  They give me a call when a new guy comes, and a new guy comes every few months.  I don't call them but they call me. 

[Richard Hakluyt]

London stock exchange seems unfazed by the Greek no. I'm actually up by £41..... .................a pleasant surprise.

[Admiral Yi]

Hookers and blow on Tricky.

[Monoriu]

I am considering buying more European stocks.  Should I? 

[Martinus]

I am considering buying more European stocks.  Should I? 

Yes.