Set forth below is the text of a comment that I recently posted to another blog entry at this site:
“If stocks have worms in them, the Wall Street Con Men threaten to destroy the careers of all who dare to post honestly.”
Challenge: Post an actual real world documented example of this ever occurring, OTHER than something involving yourself.
That’s the entire site, Anonymous.
I used to believe in the Buy-and-Hold garbage. I know how it feels to be tricked re this stuff.
Wade Pfau searched and searched and searched trying to find one peer-reviewed study even suggesting that there might be some alternate universe where price discipline is not 100 percent required in the stock market just as it is in every other market that has ever existed.
It’s all a Big Lie. You have been conned.
Johnny Rotten asked the fans attending the last Sex Pistols concert: “Have you ever had the feeling that you have been taken?” That’s you.
That was once me too. I am not saying that I am any smarter than you. I realized on the evening of August 27, 2002, that it was all a massive con. I’ve never looked back since. Legitimate strategies can be defended without death threats. When you find yourself making use of death threats, you need to ask yourself where you made a wrong turn. Because that ain’t the way.
When you want my help, I’ll be here for you. That’s not a time-sensitive offer. Ask anytime you please, even after the crash if it comes to that.
But please stop embarrassing yourself by asking me to participate in the biggest con ever worked on the people of the United States. I worked at a job I hated for nine years while I planned my early retirement. I spent every night and every weekend assembling the materials in my 40 binders. If I hadn’t worked it that hard, I could easily have been taken in myself. And I don’t find that idea one bit funny. I earned my retirement money. I expect to be able to find honest and accurate reports re what the peer-reviewed research in this field says about how to invest it.
I deserve that. We all do. We all should demand it.
I am your best friend in the world. You don’t know it. But I am.
I’m happy to help you. Not by joining in the con. That wouldn’t help at all. Once I joined the con, nothing I said would count anymore. I wouldn’t be able to help you at that point.
You have been taken. You will get it after you lose most of your life savings in the next crash. Please don’t say that no one tried to warn you. I tried. And thousands of your fellow community members expressed a desire that honest posting be permitted.
You let your Get Rich Quick urge run wild. That’s how the con men reel you in. They know your weakness and they profit by exploiting it. You gave them power over you. That was a terrible mistake.
Or so Rob Bennett sincerely believes in any event.
We’ll see how things go in coming days.
Hang in there, man.