Have you ever lost nearly $175,000 investing in the stock market?
I haven’t, but my newest investor clients have.
I don’t know the final straw that finally broke their confidence in the brokers of Wall Street. It could have been when they didn’t get out in time during the “dot.com” crash (lost $125K); or when their broker change companies to go to a big investment firm (they liked the broker, but never received good service from the firm, so they went against their gut instinct and transferred their funds); or it could have been when the economy started to go south late last year, but most folks didn’t realize it (lost $30K)…
Or maybe it was when the investment firm went belly up like a dead fish and their broker stopped returning phone calls. It could have been that during the last two month they still lost another $17K.
I don’t know what pushed them over the edge, but I do know this… (more…)
