Just want to share an incident that my friend went through this week and what is the best investment anyone could make.
My friend was trying to log in to his trading account and it kept telling him that his password was wrong. He then called his broker and went through the process of resetting his password that's after all the verification questions. Once he got access and was back online he noticed that some money was withdrawn form his cash balance. He then called back and asked what the heck it was they told him that you requested money from your account in the form of a check to be delivered to the following address (they told him the address which he also could see online). He asked if they would be able to stop it and was told no. Why? Because the check was already processed sent out and most likely cashed. So they check, after 45 minutes on hold what do you know, it was cashed at some liquor store and they gave him the name.
There was nothing he could do. Now how did that happen? He told me that he thinks someone went through his garbage. I then I ask him, what the hell is wrong with you? Buy your self a freakin shredder. If you are sitting there think well I don't have one and I'm OK. NO you are not OK. Get your ass up now and get one. A cheep investment that could save your life and your money.
He told me that his password was his freakin phone number and then I just stopped asking him questions because that's what you just call a crazy ass. You never put our phone number as your password.
Well I hope you don't make the same mistake and let it go. Here is a link to Office Depot so you don't even need to get off your ass. You can also check CompUSA here.
Today we have been told that we are in a recession, NO S**T Sherlock (like we didn't know). What took them so long to tell us? Well know that we know thanks to the FED I guess we can sleep better at night.
What the hell is wrong with the FED?
They should just shut up and keep things to there self's. Just like the AIG crap that just made me go NUTS. They can get 150 billion with no questions yet the big three can get a car loan (that's what it looks like compared to AIG's check) what the hell.
Well I just had to put my 3 cents in (inflation adds a penny) .
Thanks please leave your comments on this issue.
Chart of the day
What a day to buy. See these are the days when everyone is selling and you should be buying. Take a look at what I bought today some AAPL, and some energy/coal which I like because they tend to just big after a down day.
I also shorted some C early which I covered late not much but its all called a gain. Took a look at GOOG I was going to buy some but I personally think it will drop some more this week.
I was looking a the steel stocks and X looks like it could be a good buy this week around 20 which I think it will hit. I'm going to wait on that one as well.
I bought some solar which I really think are scary but it's how you have to play the game.
I was going to buy some GS but the only thing is no one knows what the hell is going on there. No one comes out from GS and says what the hell is going on and try to relax investors. I guess they don't give two s***s. That's why I stay away from them.
We were due for this pull back after the 5 day rally and all should have took some profits last week. I did and some really good ones.
When we get big rallies like the past days on a down day try shorting through ETF's like
| Name | Symbol | Last Trade | | Change | ||||
| ProShares UltraShort MSCI EAFE (ETF) | EFU | 162.69 | | |||||
| ProShares UltraShort MSCI Japan (ETF) | EWV | 113.88 | | |||||
| ProShares Short MSCI EAFE (ETF) | EFZ | 120.64 | | |||||
| ProShares Short MSCI Emerging Mark (ETF) | EUM | 108.54 | | |||||
| ProShares UltraShort Utilities (ETF) | SDP | 80.00 | | |||||
| ProShares UltraShort MidCap400 (ETF) | MZZ | 115.39 | | |||||
| ProShares UltraShort Russell2000 (ETF) | TWM | 131.47 | | |||||
| ProShares UltraShort SmallCap600 (ETF) | SDD | 133.89 | | |||||
| ProShares UltraShort Semiconductors(ETF) | SSG | 171.21 | | |||||
Look at these gains unreal and you don't have to buy a day before, in the morning you see that we are having a sell off buy some and you sell at the end of the day. You have to be a day trader to make money in this market
Here are some more. Good luck!
| ProShares UltraShort Financials (ETF) | SKF | 174.65 | |||||
| ProShares UltraShort MSCI EAFE (ETF) | EFU | 162.69 | |||||
| ProShares UltraShort Real Estate (ETF) | SRS | 164.94 | |||||
| ProShares UltraShort Basic Materls (ETF) | SMN | 92.56 | |||||
| ProShares UltraShort Consumer Serv (ETF) | SCC | 159.00 | |||||
| ProShares UltraShort Oil & Gas (ETF) | DUG | 36.19 |
I have been getting e-mails about which broker should I go with.
Well It depends on how your trading and how relaxed you are about setting up an account online. Scottrade has plenty of local offices which is for the people that really want to speak to a live person and there commissions are not all that bad.
If you trade approximately 10 times a month and are computer friendly and don't need to see anyone to be comfortable. Then Zecco is not to bad, trades are free up to 10 per month and there options are OK also.
I love Fidelity because it has great online tools and is has the best customer service. Trades are around $10 if you have over 25 K. The only problem is they have very few local offices which might be hard for some.
So it's all up to you and where you feel comfortable.
