Travesty. Well, wall street comes up with a new one, a new twist that can, if youre not protected. Make you feel like its just not worth it to be involved in our beloved stock market. I cant tell you how many times ive come out here on days when theres bad news involving ipos or Insider Trading or flash crashes and say to myself how can people take this anymore . The abuse the answer, frankly,s theres really no other choice. You simply cant make enough money in any other asset class, particularly bonds where the rates are so, so low. To be able to retire or take that trip you want, pay for tuition, bonds cant pay that tuition. You got to own stocks. You know what you need though, you need a survival handbook. And thats what im giving you tonight. First, scandal is not new to wall street. Insider trading scandals in the 1980s. Stock Market Mechanisms havent always been smooth. S 87 market crash, i traded through that. It didnt have anything to do with economy. It looked like the economy
The most recent travesty, well, wall street comes up with a new one that can if youre not protected make you feel like its just not worth it to be involved in our beloved stock market. I cant tell you how many times ive come out here on days when theres bad news involving ipos or machine glitches or Insider Trading or flash crashes and say to myself how can people take this anymore . The abuse the answer frankly, theres really no other choice. You simply cant make enough money in any other asset class, particularly bonds where the rates are so, so low. To be able to retire or take that trip you want, pay for tuition, bonds cant take pay that tuition. Youve got to own stocks. You know what you need, though. You need a survival handbook. And thats what im giving you tonight. Scandals not new to wall street, i looked through the Insider Trading scandals of the 1980s. Stock markets mechanisms havent always been smooth. The 87 market crash, you know i traded through that. That reaction had
From all of this . How do you protect yourself from thchicanery. If youre lucky, if youre able to avoid it, great, but you cant game fraud. You never know when its going to strike. Second, therell always be down markets. I cant protect you from an economic crash and what it would do to the stock market. Even diversification, which we always call the only free lunch on wall street only caused you to lose less in that era. Consolation maybe the great destruction of wealth, well, lets just say nothing can protect you if you own stocks. But what i can do is offer you some simple rules tonight that will let you have more confidence in the stock market even if you think portions of it are rigged or beyond your comprehension. And the first rule, know what you own. I know it sounds simple, of course, like everyone thinks they know what they own. How does this protect you from the myriad ways people and machines can abuse you . First, if you actually know what stock you own. Okay. And the stock
The most recent travesty, well, wall street comes up with a new one that can if youre not protected make you feel like its just not worth it to be involved in our beloved stock market. I cant tell you how many times ive come out here on days when theres bad news involving ipos or machine glitches or Insider Trading or flash crashes and say to myself how can people take this anymore . The abuse the answer frankly, theres really no other choice. You simply cant make enough money in any other asset class, particularly bonds where the rates are so, so low. To be able to retire or take that trip you want, pay for tuition, bonds cant take pay that tuition. Youve got to own stocks. You know what you need, though. You need a survival handbook. And thats what im giving you tonight. Scandals not new to wall street, stock markets mechanisms havent always been smooth. The 87 market crash, you know i traded through that. That reaction had much more to do with machines going wild than anyone remembe
October is time for country drives to view the changing leaves. It is time for hay rides, corn mazes, and football. It is time for visits to the farm to gather