JJsushi Posted February 22, 2002 Report Share Posted February 22, 2002 quote: Originally posted by Fatbastard: it is a little bit riskier than in the west. Good advice ! but well understated. Its a crappy little manipulated market with a register of (in the main)poorly operated companies with almost nothing in the way of shareholder protection and very little company disclosure. They Don't call it the Klong Toei casino for nuthin'!! How soon we forget the fleecing of America with the internet bubble created by prestigious Wall St firms bringing companies public with no revenue,20yr olds comprising the management teams and unrealistic business models. These venerable banks were selling when the rest of America was buying. Price an IPO at $10 watch it go to $210 in a day...two years later the company declares bankruptcy! the bank makes about $25mm in fees whne it is all asid and done. Link to comment Share on other sites More sharing options...
JJsushi Posted February 22, 2002 Report Share Posted February 22, 2002 All I can say about the SET for the long term investor is "look out below!". For the short term trader, follow the daily trend and take your profits and run. Link to comment Share on other sites More sharing options...
Guest Posted February 22, 2002 Report Share Posted February 22, 2002 Post deleted by DoxyBlue Link to comment Share on other sites More sharing options...
JJsushi Posted February 22, 2002 Report Share Posted February 22, 2002 DB I have no problem with quibbles just quarrels. I have been in the IB business for a decade now. If u truly knew how business was done then you would understand what I mean by fleecing. John Q public has no clue about the mechanics of deal making and the IPO business(nor does he really care in my opinion). Wall street does have a fiduciary responsibility to it's cients whether they are little old ladies on pensions or money managers. This reponsibility is even greater when you promote your industry as "professional" and the public relies on you for advice and analysis. Link to comment Share on other sites More sharing options...
Guest Posted February 22, 2002 Report Share Posted February 22, 2002 Post deleted by DoxyBlue Link to comment Share on other sites More sharing options...
Guest Posted February 23, 2002 Report Share Posted February 23, 2002 Sorry to but in but i share some of the sentiments that individual investors usually lose money. Actually, most fund managers also statistically (at least from research in the west), don't outperform the index. You are given them money to spin you around. I have some background in this area and I tend to agree that its usually the guy on the street who has to pay the price. As such, I have been slowly converging to the thought of investing in index funds (or ETFs). I'm gonna start reading more about Vanguard soon! Was also thinking of buying some land or house in Bkk. Thaksin seems to be serious about doing the right thing for Thailand and it could work out well if he has a free hand to do so for the next 5 years. Link to comment Share on other sites More sharing options...
JJsushi Posted February 27, 2002 Report Share Posted February 27, 2002 quote: Originally posted by db_sed_aloha: JJ, I fear we're about to quarrel... My take on it is that if John Q has no clue and still chooses to participate while swathed in ignorance then he merits no sympathy for disadvantageous outcomes. If John Q thinks to himself "I'm a pilot!", gets in a plane with no clue how to fly and crashes... If John Q thinks to himself "I'm an investor!", same-same, IMHO. My genuine sympathies are with those people with managed portfolios who lost big because someone else was without a chair when the music stopped. Particularly pension funds which I think are the biggest scandal out there today. Maybe my suspicious nature and cynical style helped insulate me from the rough ride -- I take brokers' claims of professionalism to be of the same stripe as any other puffery. My laundry will not be brighter nor my teeth whiter nor my investments safer... At root, I always looked as investing as gambling; only with opinon, fear and greed as the prime motivators rather than the mechanics of chance. A lot of people forgot that you can actually lose money. And they did. I understand your view about John Q Public needing to educate himself, and having some personal accountability those are very valid points. You must realize however that the majority of individuals will not do this and they will rely on the advice of Wall street professionals as they rely on tax accountants, real estate professionals, lawyers, etc. When I say that the street fleeced it's customers, I believe I am being very accurate. John Q wouldn't know about how a lead underwriter hands out 100m shares of hot stock to each of his best institutional customers at issue price with the condition that the customer buys 40m shares of the stock at market thereby creating the illusion of demand that forces the price to escalate. John Q doesn't get the first call from an anlyst who gleaned pertinent information from the CFO of a stock he covers. That info gets passed along to the firms traders and top institutional clients who position themselves accordingly prior to the analyst appearing on CNBC and giving advice to John Q Public. I could give you a more examples on how the average investor gets fleeced by us professionals(even the big boys get fleeced). Unfortunately John Q has no choice but to play in the equity or fixed income markets here in the US because of the structure of our retirement system. Whether he has a clue or not John Q is in our professional web. Link to comment Share on other sites More sharing options...
Guest Posted February 28, 2002 Report Share Posted February 28, 2002 Buy index funds. Read more about Vanguard for details. Oh, I am not related with Vanguard in anyway. Its just that I have been trying to figure out what is the more reliable way of investing money without someone else making it into a con job! Index funds will ensure that you do not have specifc risk to a particular company (ala Enron) and it should grown steadily with the economy (theoretically). Index funds have also much more lower operating cost (ala entry fee, annual management fee and exit fee) than mutual funds. This is good for long term investors. Link to comment Share on other sites More sharing options...
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