@chris12row I've been looking into whether I can do it without getting sued? LTCM basically did the same thing the US banks did recently. They took what they thought for safe bets and leveraged them through the roof. Everything seemed great until one of those safe bets went wrong and they lost everything and more. US banks are doing it all over again
@vanessacoulthard I make videos specifically to help people find work. If you're getting into the investment world you should also check out my phone selling videos. The first test I passed when I became a broker was to demonstrate my skills on the phone. It's free also. I wish you the best of luck
@EnDr1TC I'm planning a chart pattern tutorial. I created terribly complex portfolios in the past and I never turned them into tutorials because I wasn't sure if there was much of an interest. I dabbled a bit on efficient portfolios and covariance analysis in another video. It never really took off
@jmmuhato Derivatives are really that simple. They really only become complicated when you combine the with other investment vehicles to optimize risk hedging. That is called covarience analysis. When you put them all together you have efficient portfolios. I did a tutorial on that as well. In my opinion investing without hedging risk is just simply gambling
such a small number of views... i guess if i wasn't a business student I wouldn't have searched either, but you do indeed deserve it ! (more than my teacher)^^
moreover, it is sad that most of the tv news reporters are incapable of explaining any of this...
@yvan1401 Thanks, I'm glad you liked it. I was a broker for a while and had to teach this stuff to regular people all of the time. I guess that's why I made sense?
@yvan1401 What is really strange is that Michael Moore claimed he couldn't find a broker in NY that could explain what a derivative is. I found that completely unbelievable. They are really pretty simple even in their most complicated forms
such a small number of views... i guess if i wasn't a business student I wouldn't have searched either, but you do indeed deserve it ! (more than my teacher)^^
I look forward to your tutorials and I'm definitely not trying to rope you into any advisory role, here. However, let it be said that I am very distrustful of brokers where commissions appear to be the driving force. Incentives in all arenas - executive bonuses, etc. - and lack of supervision (regulation) appear to have unleashed the tigers. What I'm trying to figure out for myself is whether I have the stomach to go back into a place that has hurt me, twice. Can I really benefit, how and where?
Well, I apologize for dragging you into your days in the financial world, but clearly this is what's been on my mind. I am an artist, a painter, who's maintained a modest livelihood selling works and teaching on occasion. I've been searching for answers as to how my hard-earned savings went to hell and found your videos honest and comprehensible. Your knowledge could help folks like me, if even to restore something like a safe place again for our pennies. Is this too tall an order?
@andyjackson09 I can definitely provide tutorials that will decode the lingo used on wall street. It really isn't that complicated. Actually derivatives are considered to be very complicated, but as you see in this video they aren't really that complicated in their simple forms. They really only get complicated when you are trying to figure out their worth. If you combine that with leverage and and a lack of margin requirements you have things like LTCM.
I'm impressed and encouraged by your entrepreneurial spirit. I, myself, am self-employed and have been slogging it out this way for the past 21 years. Is your current business connected to your days as a broker, or are you generously dispensing wisdom of the past to injured folks like me? My business couldn't be more opposite the financial world in many respects, and so I relied on firms and individuals to assist with generating security in an area I knew nothing about . Look what happened...
@andyjackson09 I don't have anything to do with the financial world anymore. I support myself on advertising revenue from a bunch of websites, by writing sales scripts and designing websites. I do this stuff because it is fun and not like Facebook :) Also I was trained to do R&D and missed using that skill set so that is why I post so many videos.
Do you feel any kind of country-wide unity today? Having already pointed out the untrustworthiness of Wall Street and the apparent hold they have on government, what do regular people do today to achieve a sense of security? Where do we put our savings after seeing what institutions feel entitled to do with it? I can't remember a more divided and disillusioned atmosphere in my adult life. Is there any safe investment for an individual, anymore? Your videos described the wrongdoings, clearly.
@andyjackson09 You could solve many of these problems by instituting real campaign reform, but that will never happen. The Supreme Court just ruled that corporations can now contribute unabated by law since they are looked upon as people. It's not hopeless though. I now support myself 100% through my internet activities. I could have never imagined I could start a business for $17 and within a few months live off of it. It is a whole new world. Adapting is painful but a must today
I am in complete agreement with you, and nor am I wanting to live anywhere else. But, wasn't it Rahm Emanuel who said, "Never let a crisis go to waste."? What would it take to become a Germany, Australia or Denmark if not reform and prosecutions? How do we restore the rule of law, or the confidence among the majority that this country looks after its own? People are starting to know about LTCM and electronic trading and realize, as I did, that gov./Wall St. is working for itself. Is there hope?
@andyjackson09 I think we have seen what type of event brings the government and its people together with 9/11. It's a shame that it takes terrible events to get people to work together. 9/11 didn't cause the wall street collapse by the way. It actually made stocks rise. I was a broker when that happened. Regular people were calling us to invest in mass. That happened after Bush gave his invest in America speech.
Thanks for the clarification. I have a sense these same practices are in place today and that our government has acted mainly to preserve them, not reform them. So, the question remains, with this sort of activity going on behind the scenes, is there any hope for the individual investor, or does one simply submit to the managers who represent the interests of others (including their own)? I'm at a crossroads of loss of trust and a shattered sense of security; given my history, what do I do, now?
@andyjackson09 The problem is that our government was never designed to work towards accomplishing goals. It was instead created to make sure that any one legislative official could block anything from becoming law (The Filibuster) for better or worse? I'm not attacking the US. I would never live anywhere else. I don't know if we can easily fix things though based on how our government is structured. Maybe the answers lie in following the examples provided by Germany, Australia, Denmark, etc
I checked out your tip last night on Long Term Capital Management with Wikipedia and it gives a good summary of the events around September, 1998. I then had nightmares over it. It's both interesting and terrifying that many of the players, then, were in the thick of The Great Heist this time around. Curiously, though, whereas the S&L Crisis of the 80's/90's brought 1000 indictments (a scandal 1/40 the size of our most recent), today we see none. Is this what you mean by goverment cover-up?
@andyjackson09 I don't know if I'd say cover up? More like just protecting the interests of the country. The US economy shifted from manufacturing in the 80's to financial services and services in general. Regulations and tariffs were increasingly relaxed and for a number of years corporations were able to get zero cost labor in other countries because of the tax holidays they provided. If people knew about LTCM and deregulated electronic trading they would cease to trust wall street
Already your words are a comforting. The stories I can tell you would sound both familiar and horrifying, I'm sure. There is a film entitled "Boiler Room" which friends told me not to see for it dramatizes my first fraud experience with brokers. Then, with the most recent, more systemic Pump and Dump, I was up against a deep-pocketed major bank and got slaughtered. The sense of injustice I have in my heart is huge. Perhaps there is a sensible way to security and peace of mind after all of this.
It is a crazy journey. The last two years for me have been hell, and so I appreciate your interest in helping us "regular" investors. For twenty years, I lived frugally and saved diligently, only to see my security evaporate at the hands of others who claimed they understood and promised to "watch" things. In 17 years, I have only lost. I will search for the books you recommend and look forward to some alternative method (ie. chart patterns) as opposed to taking a fee-hungry broker at his word.
@andyjackson09 It is a terrible shame. I saw first hand brokers rip people off. I turned them in and saw nothing come of it. If I can help in any small way I will. I only wish I would have done this years ago. This is not the first time we have had financial collapses that have been covered up by the government. Check out Long Term Capital Management! This was a catastrophic collapse that was completely concealed from the people. It will surprise you!
Thanks. I look forward to your tutorials. More than for my dilemma, I think you'll help many confused "regular," investors. Can you alert me to any new video? As for The Market, I am still nervous that another shoe is going to drop sometime in the near future. The optimism out there reminds me of 2007 (when I wasn't paying attention and relying on my "adviser" to manage things.) I know it is commonly said, "You can't time the market," but does one jump in when the economy is fed intravenously?
@andyjackson09 I personally think buy and hold investing will never work as an investing strategy. I think people can still make money though if they educate themselves and monitor or hedge against downturns. The problem is that all regular investors have no idea how to hedge their investments. I'm planning a big chart patterns tutorial very soon. I'm happy to help you along on this crazy journey :)
You are generous and forthright with your knowlegde: a breath of fresh air. I apologize for personalizing the educational experience I am going through, but I am in a post-traumatic recovery from one broker who committed outright fraud and another who was too incompetent to stray from his firm's storyline and save his clients. Your assessment of the industry is spot on, it seems. Now, is there enough in your videos that I could reasonably venture on my own, or should I look at mutual funds?
@andyjackson09 Eventually I'll cover more on investing but at this point I have just covered the tip of the iceberg. If you want to learn how to invest read the book investments by Bodie, Kane and Marcus. That book and a good derivatives book will teach you all you need to know. You'll know more than 99% of brokers out there. Morningstars mutual fund search tools are good but I would never invest based on their star ratings alone. I'll get some investing tutorials finished soon.
I so appreciate your participation as I try to figure out my financial future! My research, including your videos, has brought me closer to understanding failure, but I feel no more equipped to invest on my own. Your video regarding Covariance Analysis is great, but I am far from being able to fully implement this, especially in a climate of so much uncertainty. What I need is an advisor I can trust, I suppose, but minus 40% is not a great track record for those who say they
@andyjackson09 The problem is that educated brokers only take on millionaires and all the rest have no investment knowledge. I was a broker and passed 2 of the 3 tests required to become an analyst, but then lost interest in it. You will almost definitely have to educate yourself, but I can give you a way to test the honesty of a broker. Ask then how they feel about variable annuities. If they say they are a good investment run from them. 529s, universal life are also horrible products
You mentioned bond funds in your previous response, but I hear murmurs of an impending Bond Market collapse. Honestly, I can't say I understand all of this, but feel compelled to research The Crash to which your videos have been very helpful. Today, I can only think long-term, but I am afraid to jump in when we have an overheated China, a crumbling Europe, a potential housing double-dip, N. Korea aggression, State-level economic fragility and a global currency war. Will inflation smoke me out?
@andyjackson09 There is talk about a muni bond crash because so many city governments are swimming in debt. There is a ton of uncertainty and the market dislikes uncertainty more than anything else because it can't be calculated and hedged. Inflation is here already! Necessity good costs have spiked 25% year over year for many products. How inflation is calculated is just hiding this fact. I personally buy individual securities and a few bond funds and monitor them through chart analysis
Thanks for your quick response. Some are saying these days that The Market is
really not "Free" and, like the economy, is on life-support from the government. Is this interconnectedness reflective of anything truly real or organic about how things are? That said, and having suffered the losses and misrepresentations of broker relationships, I am terrified to get back in the pool. Currently, my remaining cash sits in a Money Market with a company that has no-load funds. Where and when do I move?
@andyjackson09 Investment banks have changed their focus from offering investment advice for a fee to electronic trading. Because the government is giving money away to them at extremely low rates this has become an option that was never available in the past. This has also created extreme volatility in the market. Also after the flash crash because the firms weren't forced to accept their loses they now see no reason to worry about loses. I understand your hesitancy and most ceo's would agree!
Thank you. Seeing your piece, Stock Market What You Don't Know, I am mildly comforted that my gut feeling for our financial markets is right. My history of so-called "investing" dates back to 1993 and I have now twice been defrauded: once by an individual and mob-backed firm from NYC (found guilty in an SEC trial), and more recently by what appears to be systemic fraud on the part of major banks. I sit in cash today, less 40% what I put in. Do you have any sage advice for such a believing fool?
@andyjackson09 In my opinion there are very few well performing mutual funds aside from some bond funds. I always look for stable growth 7 - 8 % per year : a fund manager with 10 yrs experience with that fund : no yearly loses of more than 10% : no or low load fund. Look for that on Morningstar and the list returned is very small. I think regular people will continue to underperform because of electronic trading, but that is another video. Hope that helps?
@jamithireddyr Yes derivatives really are very simple. I think everyone thinks they are confusing because all of the people that were misusing them kept telling society that they are confusing. If you say a lie enough times it becomes the truth. I was a broker for a long time and believe the system was gamed around 2006. I talk about this in my Stock Market what you don't know video. Glad I could help :)
@Rock112358132134 The book written about it is called When Genius Failed. I don't know if I could do this crazy story justice with a video. These guys almost brought down the entire global economy and nobody even knows it happened! Thanks
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A video about LTCM would be great thank. Thanks
channy257 3 months ago
A video about LTCM would be great thank. Thank you in advance.
chris12row 3 months ago
@chris12row I've been looking into whether I can do it without getting sued? LTCM basically did the same thing the US banks did recently. They took what they thought for safe bets and leveraged them through the roof. Everything seemed great until one of those safe bets went wrong and they lost everything and more. US banks are doing it all over again
derekbanas 3 months ago
Awesome. Thanks man.
hbk6211 4 months ago
@hbk6211 You're welcome
derekbanas 4 months ago
great video and awesome presentation skills!
I know I am going for a limb here, but if you could do a similar presentation just on Fixed for Floating IR swaps that would help me tremendously!!
MrLoveallhatenone 5 months ago in playlist Derivatives
@MrLoveallhatenone Eventually I'll cover derivatives in detail. I may have to talk to my lawyer friend first though :)
derekbanas 5 months ago
Great video. However when describing Southwest's profits I think you meant "soar" not "sore", furthermore Southwest is one word not two.
dabettahav 5 months ago in playlist Finance
@dabettahav :) That's funny. Yes that's what I meant. I occasionally have a typo here and there. Sorry about that
derekbanas 5 months ago
Thank you for this!!!! It really helped me a lot and i feel more prepared for a job interview I have on tuesday!!! keep on the good work!!!
vanessacoulthard 6 months ago
@vanessacoulthard I make videos specifically to help people find work. If you're getting into the investment world you should also check out my phone selling videos. The first test I passed when I became a broker was to demonstrate my skills on the phone. It's free also. I wish you the best of luck
derekbanas 6 months ago
I just got a job in Derivatives. Nice explanation. I wish u could teach more than just the basics. You're absolutely great.
EnDr1TC 8 months ago
@EnDr1TC I'm planning a chart pattern tutorial. I created terribly complex portfolios in the past and I never turned them into tutorials because I wasn't sure if there was much of an interest. I dabbled a bit on efficient portfolios and covariance analysis in another video. It never really took off
derekbanas 8 months ago
brilliant video reading the book explanation was made much more complex.
jmmuhato 8 months ago
@jmmuhato Derivatives are really that simple. They really only become complicated when you combine the with other investment vehicles to optimize risk hedging. That is called covarience analysis. When you put them all together you have efficient portfolios. I did a tutorial on that as well. In my opinion investing without hedging risk is just simply gambling
derekbanas 8 months ago
such a small number of views... i guess if i wasn't a business student I wouldn't have searched either, but you do indeed deserve it ! (more than my teacher)^^
moreover, it is sad that most of the tv news reporters are incapable of explaining any of this...
yvan1401 11 months ago
@yvan1401 Thanks, I'm glad you liked it. I was a broker for a while and had to teach this stuff to regular people all of the time. I guess that's why I made sense?
derekbanas 11 months ago
@yvan1401 What is really strange is that Michael Moore claimed he couldn't find a broker in NY that could explain what a derivative is. I found that completely unbelievable. They are really pretty simple even in their most complicated forms
derekbanas 11 months ago
such a small number of views... i guess if i wasn't a business student I wouldn't have searched either, but you do indeed deserve it ! (more than my teacher)^^
yvan1401 11 months ago
I look forward to your tutorials and I'm definitely not trying to rope you into any advisory role, here. However, let it be said that I am very distrustful of brokers where commissions appear to be the driving force. Incentives in all arenas - executive bonuses, etc. - and lack of supervision (regulation) appear to have unleashed the tigers. What I'm trying to figure out for myself is whether I have the stomach to go back into a place that has hurt me, twice. Can I really benefit, how and where?
andyjackson09 1 year ago
Well, I apologize for dragging you into your days in the financial world, but clearly this is what's been on my mind. I am an artist, a painter, who's maintained a modest livelihood selling works and teaching on occasion. I've been searching for answers as to how my hard-earned savings went to hell and found your videos honest and comprehensible. Your knowledge could help folks like me, if even to restore something like a safe place again for our pennies. Is this too tall an order?
andyjackson09 1 year ago
@andyjackson09 I can definitely provide tutorials that will decode the lingo used on wall street. It really isn't that complicated. Actually derivatives are considered to be very complicated, but as you see in this video they aren't really that complicated in their simple forms. They really only get complicated when you are trying to figure out their worth. If you combine that with leverage and and a lack of margin requirements you have things like LTCM.
derekbanas 1 year ago
I'm impressed and encouraged by your entrepreneurial spirit. I, myself, am self-employed and have been slogging it out this way for the past 21 years. Is your current business connected to your days as a broker, or are you generously dispensing wisdom of the past to injured folks like me? My business couldn't be more opposite the financial world in many respects, and so I relied on firms and individuals to assist with generating security in an area I knew nothing about . Look what happened...
andyjackson09 1 year ago
@andyjackson09 I don't have anything to do with the financial world anymore. I support myself on advertising revenue from a bunch of websites, by writing sales scripts and designing websites. I do this stuff because it is fun and not like Facebook :) Also I was trained to do R&D and missed using that skill set so that is why I post so many videos.
derekbanas 1 year ago
Do you feel any kind of country-wide unity today? Having already pointed out the untrustworthiness of Wall Street and the apparent hold they have on government, what do regular people do today to achieve a sense of security? Where do we put our savings after seeing what institutions feel entitled to do with it? I can't remember a more divided and disillusioned atmosphere in my adult life. Is there any safe investment for an individual, anymore? Your videos described the wrongdoings, clearly.
andyjackson09 1 year ago
@andyjackson09 You could solve many of these problems by instituting real campaign reform, but that will never happen. The Supreme Court just ruled that corporations can now contribute unabated by law since they are looked upon as people. It's not hopeless though. I now support myself 100% through my internet activities. I could have never imagined I could start a business for $17 and within a few months live off of it. It is a whole new world. Adapting is painful but a must today
derekbanas 1 year ago
I am in complete agreement with you, and nor am I wanting to live anywhere else. But, wasn't it Rahm Emanuel who said, "Never let a crisis go to waste."? What would it take to become a Germany, Australia or Denmark if not reform and prosecutions? How do we restore the rule of law, or the confidence among the majority that this country looks after its own? People are starting to know about LTCM and electronic trading and realize, as I did, that gov./Wall St. is working for itself. Is there hope?
andyjackson09 1 year ago
@andyjackson09 I think we have seen what type of event brings the government and its people together with 9/11. It's a shame that it takes terrible events to get people to work together. 9/11 didn't cause the wall street collapse by the way. It actually made stocks rise. I was a broker when that happened. Regular people were calling us to invest in mass. That happened after Bush gave his invest in America speech.
derekbanas 1 year ago
Thanks for the clarification. I have a sense these same practices are in place today and that our government has acted mainly to preserve them, not reform them. So, the question remains, with this sort of activity going on behind the scenes, is there any hope for the individual investor, or does one simply submit to the managers who represent the interests of others (including their own)? I'm at a crossroads of loss of trust and a shattered sense of security; given my history, what do I do, now?
andyjackson09 1 year ago
@andyjackson09 The problem is that our government was never designed to work towards accomplishing goals. It was instead created to make sure that any one legislative official could block anything from becoming law (The Filibuster) for better or worse? I'm not attacking the US. I would never live anywhere else. I don't know if we can easily fix things though based on how our government is structured. Maybe the answers lie in following the examples provided by Germany, Australia, Denmark, etc
derekbanas 1 year ago
I checked out your tip last night on Long Term Capital Management with Wikipedia and it gives a good summary of the events around September, 1998. I then had nightmares over it. It's both interesting and terrifying that many of the players, then, were in the thick of The Great Heist this time around. Curiously, though, whereas the S&L Crisis of the 80's/90's brought 1000 indictments (a scandal 1/40 the size of our most recent), today we see none. Is this what you mean by goverment cover-up?
andyjackson09 1 year ago
@andyjackson09 I don't know if I'd say cover up? More like just protecting the interests of the country. The US economy shifted from manufacturing in the 80's to financial services and services in general. Regulations and tariffs were increasingly relaxed and for a number of years corporations were able to get zero cost labor in other countries because of the tax holidays they provided. If people knew about LTCM and deregulated electronic trading they would cease to trust wall street
derekbanas 1 year ago
Already your words are a comforting. The stories I can tell you would sound both familiar and horrifying, I'm sure. There is a film entitled "Boiler Room" which friends told me not to see for it dramatizes my first fraud experience with brokers. Then, with the most recent, more systemic Pump and Dump, I was up against a deep-pocketed major bank and got slaughtered. The sense of injustice I have in my heart is huge. Perhaps there is a sensible way to security and peace of mind after all of this.
andyjackson09 1 year ago
It is a crazy journey. The last two years for me have been hell, and so I appreciate your interest in helping us "regular" investors. For twenty years, I lived frugally and saved diligently, only to see my security evaporate at the hands of others who claimed they understood and promised to "watch" things. In 17 years, I have only lost. I will search for the books you recommend and look forward to some alternative method (ie. chart patterns) as opposed to taking a fee-hungry broker at his word.
andyjackson09 1 year ago
@andyjackson09 It is a terrible shame. I saw first hand brokers rip people off. I turned them in and saw nothing come of it. If I can help in any small way I will. I only wish I would have done this years ago. This is not the first time we have had financial collapses that have been covered up by the government. Check out Long Term Capital Management! This was a catastrophic collapse that was completely concealed from the people. It will surprise you!
derekbanas 1 year ago
Thanks. I look forward to your tutorials. More than for my dilemma, I think you'll help many confused "regular," investors. Can you alert me to any new video? As for The Market, I am still nervous that another shoe is going to drop sometime in the near future. The optimism out there reminds me of 2007 (when I wasn't paying attention and relying on my "adviser" to manage things.) I know it is commonly said, "You can't time the market," but does one jump in when the economy is fed intravenously?
andyjackson09 1 year ago
@andyjackson09 I personally think buy and hold investing will never work as an investing strategy. I think people can still make money though if they educate themselves and monitor or hedge against downturns. The problem is that all regular investors have no idea how to hedge their investments. I'm planning a big chart patterns tutorial very soon. I'm happy to help you along on this crazy journey :)
derekbanas 1 year ago
You are generous and forthright with your knowlegde: a breath of fresh air. I apologize for personalizing the educational experience I am going through, but I am in a post-traumatic recovery from one broker who committed outright fraud and another who was too incompetent to stray from his firm's storyline and save his clients. Your assessment of the industry is spot on, it seems. Now, is there enough in your videos that I could reasonably venture on my own, or should I look at mutual funds?
andyjackson09 1 year ago
@andyjackson09 Eventually I'll cover more on investing but at this point I have just covered the tip of the iceberg. If you want to learn how to invest read the book investments by Bodie, Kane and Marcus. That book and a good derivatives book will teach you all you need to know. You'll know more than 99% of brokers out there. Morningstars mutual fund search tools are good but I would never invest based on their star ratings alone. I'll get some investing tutorials finished soon.
derekbanas 1 year ago
I so appreciate your participation as I try to figure out my financial future! My research, including your videos, has brought me closer to understanding failure, but I feel no more equipped to invest on my own. Your video regarding Covariance Analysis is great, but I am far from being able to fully implement this, especially in a climate of so much uncertainty. What I need is an advisor I can trust, I suppose, but minus 40% is not a great track record for those who say they
care. What to do?
andyjackson09 1 year ago
@andyjackson09 The problem is that educated brokers only take on millionaires and all the rest have no investment knowledge. I was a broker and passed 2 of the 3 tests required to become an analyst, but then lost interest in it. You will almost definitely have to educate yourself, but I can give you a way to test the honesty of a broker. Ask then how they feel about variable annuities. If they say they are a good investment run from them. 529s, universal life are also horrible products
derekbanas 1 year ago
You mentioned bond funds in your previous response, but I hear murmurs of an impending Bond Market collapse. Honestly, I can't say I understand all of this, but feel compelled to research The Crash to which your videos have been very helpful. Today, I can only think long-term, but I am afraid to jump in when we have an overheated China, a crumbling Europe, a potential housing double-dip, N. Korea aggression, State-level economic fragility and a global currency war. Will inflation smoke me out?
andyjackson09 1 year ago
@andyjackson09 There is talk about a muni bond crash because so many city governments are swimming in debt. There is a ton of uncertainty and the market dislikes uncertainty more than anything else because it can't be calculated and hedged. Inflation is here already! Necessity good costs have spiked 25% year over year for many products. How inflation is calculated is just hiding this fact. I personally buy individual securities and a few bond funds and monitor them through chart analysis
derekbanas 1 year ago
Thanks for your quick response. Some are saying these days that The Market is
really not "Free" and, like the economy, is on life-support from the government. Is this interconnectedness reflective of anything truly real or organic about how things are? That said, and having suffered the losses and misrepresentations of broker relationships, I am terrified to get back in the pool. Currently, my remaining cash sits in a Money Market with a company that has no-load funds. Where and when do I move?
andyjackson09 1 year ago
@andyjackson09 Investment banks have changed their focus from offering investment advice for a fee to electronic trading. Because the government is giving money away to them at extremely low rates this has become an option that was never available in the past. This has also created extreme volatility in the market. Also after the flash crash because the firms weren't forced to accept their loses they now see no reason to worry about loses. I understand your hesitancy and most ceo's would agree!
derekbanas 1 year ago
Thank you. Seeing your piece, Stock Market What You Don't Know, I am mildly comforted that my gut feeling for our financial markets is right. My history of so-called "investing" dates back to 1993 and I have now twice been defrauded: once by an individual and mob-backed firm from NYC (found guilty in an SEC trial), and more recently by what appears to be systemic fraud on the part of major banks. I sit in cash today, less 40% what I put in. Do you have any sage advice for such a believing fool?
andyjackson09 1 year ago
@andyjackson09 In my opinion there are very few well performing mutual funds aside from some bond funds. I always look for stable growth 7 - 8 % per year : a fund manager with 10 yrs experience with that fund : no yearly loses of more than 10% : no or low load fund. Look for that on Morningstar and the list returned is very small. I think regular people will continue to underperform because of electronic trading, but that is another video. Hope that helps?
derekbanas 1 year ago
Thank you for posting this! your videos are awesome
ekinicole 1 year ago
@ekinicole Glad you liked it. Thanks for the nice comment :)
derekbanas 1 year ago
This one is fairly simple. My lecturer made it sound as the most confusing concept.
jamithireddyr 1 year ago
@jamithireddyr Yes derivatives really are very simple. I think everyone thinks they are confusing because all of the people that were misusing them kept telling society that they are confusing. If you say a lie enough times it becomes the truth. I was a broker for a long time and believe the system was gamed around 2006. I talk about this in my Stock Market what you don't know video. Glad I could help :)
derekbanas 1 year ago
I would like to hear the long term capital management presentation please.
Rock112358132134 1 year ago
@Rock112358132134 The book written about it is called When Genius Failed. I don't know if I could do this crazy story justice with a video. These guys almost brought down the entire global economy and nobody even knows it happened! Thanks
derekbanas 1 year ago
can you please explain premiums, delivery, orders, and price analysis?
ekinicole 1 year ago
@ekinicole I'd be happy to, in an upcoming video tutorial. Thanks for the interest :)
derekbanas 1 year ago