Financial Advice

I was reading an article yesterday in the BKK Post which was basically trying to answer the question:

In these troubled times, how should ordinary people make the most of their savings and investments?

The answer was un-fucking-believable. It said we should put our money into equities which use derivatives as a hedging tool.

Now I'm not going to pretend I know what that means, but isn't that the kind of bullshit that got us to where we are today?

Who are these people doling out this kind of advice? :rolleyes:

Quote:

---

Originally Posted by benbaaa

I was reading an article yesterday in the BKK Post which was basically trying to answer the question:

In these troubled times, how should ordinary people make the most of their savings and investments?

The answer was un-fucking-believable. It said we should put our money into equities which use derivatives as a hedging tool.

---

Derivatives are potentially the next time bomb. Credit Default Swaps.

Quote:

---

Now I'm not going to pretend I know what that means, but isn't that the kind of bullshit that got us to where we are today?

---

My guess is cash. Gold is high, but it's a hedge.

Quote:

---

Who are these people doling out this kind of advice? :rolleyes:

---

I have no faith in the "advisers." I know people back at home and in Thailand who've lost at least 50% because of their "advisers."

Advisers are the guys making commissions.

Quote:

---

Originally Posted by benbaaa

Who are these people doling out this kind of advice

---

Like he (^) said. Guys selling the equities.

Quote:

---

Originally Posted by Dug

Advisers are the guys making commissions.

---

they are salesmen. And often with no experience in the markets they are selling, just experience with selling and closing deals.

Steer clear of them!

Quote:

---

Originally Posted by Dug

Advisers are the guys making commissions.

---

Correct - or to put it another way - they will be the only people guarantied to make money, should you chose to use their services......:(

Maybe a good time to buy is coming soon.

It depends on your personal goals.

Your timeline.

I am considereing adding to my Vanguard Target Retirement 2035 Fund which is a stock to bond ratio that automatically changes over time.

The fees are the smallest in the entire industry.

I also have the Vanguard Total Stock market Indext Fund.

Index funds.

Quote:

---

Originally Posted by benbaaa

I was reading an article yesterday in the BKK Post which was basically trying to answer the question:

In these troubled times, how should ordinary people make the most of their savings and investments?

The answer was un-fucking-believable. It said we should put our money into equities which use derivatives as a hedging tool.

Now I'm not going to pretend I know what that means, but isn't that the kind of bullshit that got us to where we are today?

Who are these people doling out this kind of advice? :rolleyes:

---

Unbelievable! But then again, between the Bangkok Post and the Nation, and the quality of their investigative journalism, what do you expect..pass me the next sheet into the toilet please!

Quote:

---

Originally Posted by Missismiggins

Unbelievable! But then again, between the Bangkok Post and the Nation, and the quality of their investigative journalism, what do you expect..pass me the next sheet into the toilet please!

---

Oh so you're feeling the crunch now and need newspaper as toilet paper?

Quote:

---

Originally Posted by filch

Quote:

---

Originally Posted by Missismiggins

Unbelievable! But then again, between the Bangkok Post and the Nation, and the quality of their investigative journalism, what do you expect..pass me the next sheet into the toilet please!

---

Oh so you're feeling the crunch now and need newspaper as toilet paper?

---

Not really, just suggesting a better use for these two "rags" beter to wipe your arse on than to read!