Set forth below is the text of a comment that I recently put to another blog entry at this site:
What you have described as a fantasy has built me a nice net worth
The net worth you refer to is not real. A portion of it is. But a good part of it is cotton-candy nothingness that will be blown into the wind when the next price crash arrives. What good does it do you?
You would like me more if I told you that your net worth is all real. That’s obvious. But would that be a kind thing for me to do to my friend? You still have options available to you to protect your net worth. I think it would be fair to say that a true friend would encourage you to educate yourself as to what the last 33 years of peer-reviewed academic research says about how stock investing works and then to take advantage of the good options that remain available to you before the next price crash takes them away.
You see me as your enemy. I say that I am your friend. I say that anyone who helps you learn what the last 33 years of peer-reviewed academic research says is your friend.
It is the Wall Street Con Men that you should be having doubts about, You don’t see me engaging in the word games that they regularly engage in, do you? What does that tell you about who is shooting straight here and who is just looking to put a few bucks in his pocket?
The heads of the tobacco companies told their customers that smoking did not cause cancer after research came out showing that it did. That’s what the customers wanted to hear. So the heads of the tobacco companies were “saints” to those people. A lot of those people died early and painful deaths as a result of what the heads of the tobacco companies told them. Were the heads of the tobacco companies true friends to the people whose lives they destroyed?
Sometimes a salesman for a product is not the most objective person to turn to for advice on when that product is worth buying.
These are my sincere thoughts re this terribly important matter, Pink.