|
Article:
Brain Snappers and Other Wall Street Nonsense by: Al Thomas The last time you spoke with your broker did he use any of the following words? Diversification, Price-to-earnings ratios, discretionary trading, lifting a leg (he's talking to you not your dog), leverage, divergence, fee-based compensation, escalator clause, tactical asset allocation and other mesmerizing words to place you in stupefying shock. Brokers do that to let you know that you don't know anything about the market and you must allow them to make decisions for you. You don't know the language. You are just too dumb. Another mushroom. Wadda ya' mean mushroom? Didn't you know? Most customers are considered mushrooms. A mushroom is grown in the dark and fed horse manure. Now you understand why they treat you that way. Then try to get him to explain commission structures of mutual funds. Oh, you're not allowed to ask that. You might want to read page 35 in the January '31
|
