An Insightful DD Post
#11
Due to the factors listed above, I have always conducted my business on the Internet, such as it is, at a distance with which I'm comfortable.

IMO, it's difficult enough to accurately assess the character of someone when you meet them in person. It is only when you get to see them over a period of time at work and eventually in their home that you really know their true character. Even then, it's a difficult proposition.

Take the Bernie Madoff scandal as an example. People entrusted family fortunes and charitable trusts to this goniff because he was believed to be a man of integrity with a reputation built up over decades. They found out the hard way that he was a crook and thief at his very core.
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#12
Quote:IMO, it's difficult enough to accurately assess the character of someone when you meet them in person. It is only when you get to see them over a period of time at work and eventually in their home that you really know their true character. Even then, it's a difficult proposition.

What lesson do divorces teach?
People who have known each other for ages; who have 'fallen in love'; who had one or several children together; who had taken oaths and vows of fidelity; who had...
Well, in divorce court anything goes...forging accusations of violence -or even child abuse- is just one of the many aces up the lawyer's sleeve...
A report said that a majority of tip offs to tax authorities come from disgruntled lovers/spouses...
So I can't trust Jane I met in 1985, romanced, married and had five children with...and I should trust some online ghost I have never met?
No way.
I only disclosed details 2-3 times of so to women online I had a romantic interest in (after being sure enough they were real)...but that was LOONG ago and I'm not sure I did the right thing...today I'd behave differently.
A.A Mole University
B.A London Institute of Applied Research
B.Sc Millard Fillmore
M.A International Institute for Advanced Studies
Ph.D London Institute of Applied Research
Ph.D Millard Fillmore
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#13
Quote:Take the Bernie Madoff scandal as an example. People entrusted family fortunes and charitable trusts to this goniff because he was believed to be a man of integrity with a reputation built up over decades. They found out the hard way that he was a crook and thief at his very core.

A person told me recently he lost €60.000 on bogus shares a dear friend had sold him as investment adviser.
I bet the 'friend' knew those were junk shares, but didn't care as long as that made him a profit...
NO BUSINESS IN FRIENDSHIP AND NO FRIENDSHIP IN BUSINESS...
A.A Mole University
B.A London Institute of Applied Research
B.Sc Millard Fillmore
M.A International Institute for Advanced Studies
Ph.D London Institute of Applied Research
Ph.D Millard Fillmore
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#14
As an accountant, my investment advice is cash in the bank, real estate, and dividend paying stock. The whole purpose of the investment business is to separate suckers from their cash and in my experience amateurs lose 9 times out of 10. The professionals know what's going on, the amateurs do not.

Brokers are not your friend. They only make money when you trade shares. They keep inventing hot tips that never perform. They will never tell you to hold on to a well performing stock, never.
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#15
Dennis Ruhl Wrote:As an accountant, my investment advice is cash in the bank, real estate, and dividend paying stock.  The whole purpose of the investment business is to separate suckers from their cash and in my experience amateurs lose 9 times out of 10.  The professionals know what's going on, the amateurs do not.

Brokers are not your friend.  They only make money when you trade shares.  They keep inventing hot tips that never perform.  They will never tell you to hold on to a well performing stock, never.

I buy only 'safe'/insured investments from insurances, never banks.
It averaged 6% return in 2008...
Of course that was that 'Southeast Asian' stock fund that averaged +30% one year...and -90% the following...no thanks...I don't want to be there when the big guys push the red button.
Karl Marx never impressed me at all: he mostly recycled old stuff making it sound self-important, but the bit on the stock market should be compulsory reading.
A.A Mole University
B.A London Institute of Applied Research
B.Sc Millard Fillmore
M.A International Institute for Advanced Studies
Ph.D London Institute of Applied Research
Ph.D Millard Fillmore
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