Pete: Most of my dad's clients do not have to take their own toilet paper to work, but neither are they fabulously wealthy, either. Most of them are straight middle class folk who over the years have learned to invest in the market with their modest wages and built a nice but by no means ostentatious nest egg.
Yesterday, a huge number of them had that nest egg cracked wide open by quants and corporate button-pressers who have no idea what kind of havoc they can cause by their errors. Such is our new technocratic thugocracy. - Publius On Fri, May 7, 2010 at 10:39 AM, Pete Theisen <[email protected]> wrote: > Publius Maximus wrote: >> Unless all transactions are voided during the period of the collapse, >> my father is going to lose all his financial planning clients. >> >> He had stop losses set for all of the accounts. > > Hi Bob, > > Depends on who made the decision for the stop loss. If the client chose > the strategy, after your father explained the risk, the folks might > shrug it off. > > After all, people playing stocks are just using what to them is pocket > money. Their real money is in real estate, collectibles, gold . . . > -- > Regards, > > Pete > http://pete-theisen.com/ > http://elect-pete-theisen.com/ > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
