Investing for profit has never been harder than now. Being young, and never seeing a down market, must be a traumatic feeling for people. Us old guys, like myself, Alan Greenspan and other aging Jewish fellows, knew that something was "rotten in Denmark" and missed anomalous overvalued Internet economy. Most of my very successful friends never abrogated the traditional logic that makes for intelligent investing on Wall Street. Hence, most of us missed the big pop and avoided any kind of staggering losses.
We have a number of intelligent and conservative friends who have done very well in the market for years. It would be my pleasure to recommend one of my friends to you if you call and tell me what you're trying to accomplish. These gurus are not crap shooters, they believe in the same theory that I do, making money in the market does not happen overnight. It takes patience and research. None of us believed in the bogus new economy and the hype "earn 20-30% a year." Total drivel voiced by young talent until it became gospel to some. I shudder at the thought of all the young people who, like lemmings running into the sea, forked over their money. There is an intelligent logic to investing, research, research, research!! Then bounce your picks off intelligent older persons. TRUST NO ONE UNDER 30!
We have some very, very successful friends who are investment counselors. They specialize in safety, retention of initial capital, and of course, growth. No pie in the sky. Look before you leap, schmuck! There are four ways to get rich: 1. Be born into it. 2. Earn it on your own. 3. Marry some rich Jewish guy's ugly daughter. or 4. Win the lotto.