"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Thursday, May 1, 2008

Monk of the Month


Your comments,
tips and prognostications.

8 comments:

Charles Longfellow said...

a bit of a departure this month. I am going to refrain from posting with such frequency, in the hope that more comments will be left HERE. What are you trading and why?

Charles Longfellow said...
This comment has been removed by the author.
fornow said...

And why would posting less cause more comments? I don't find much logic in interest or response. I see links showing up in unexpected places. Most readers don't comment, partly because you have to be a blogger to comment. So its a sort of closed loop.

My Monk of the month would be MonkeMail
http://www.careerbuilder.com/monk-e-mail/

Charles Longfellow said...

Question: what is the best long term investment over the next 10 years?
1. Real Estate
2. Gold and Silver
3. Currency, (dollars, euros or other)
4. Stocks
5. Bonds

May 3, 2008 2:06 PM

fornow said...

BTW - I post because I feel motivated to or in response to other stuff. If people read it - Bonus! (laughs)

fornow said...

2
But always diversify. Owning your home is good.
Bonds are relative to currency and currency may be very volatile for a bit. The rules are changing.

fornow said...

You also may find that because comments are not displayed by default, lots of comments don't get read. You may find, for example, your opening comment and follow up question would be better as blog posts than comments.

Charles Longfellow said...

Clearly, the best investment is philanthropy. Working backwards from there, we have wealth preservation, wealth creation, surviving, making do with what one has, etc.

eXTReMe Tracker

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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