Investments in this market....

[RadioRaheem84]

My dad's gf has asked me to research some good stock picks because he has run into some money and wants to invest it something lucrative.

So far he's been listening to all of these scam-ish newsletters like Porter Stansbury and Goldline.com.

Next he wants to listen to Sharebuilder.com and then buy a bunch of Iraqi Dinars because he believes once Iraq is fixed that their value will go up.

All this stuff sounds like a waste of money to me and he is already on a fixed income.

I need to convince him that these are all scams and try to steer him into something more lucrative before he blows all his money away on junk stuff.

Any thoughts?

[castlebravo]

fight capitalism: short fucking everything!

heh, yeah, stuff like porter stansbury makes you buy their shit to get actual advice.

is he an investor or a trader?

[Vladimir Innit Lenin]

Tell him to buy US government debt...

[RadioRaheem84]

that's what I was thinking. US debt seems like it would be a lucrative investment.

It's just knowing him he would drain it all in gold and whatever hot stock tip the doomsday advisors tell him.

Any links to credible financial advice out there? Thanks.

[RadioRaheem84]

fight capitalism: short fucking everything!

heh, yeah, stuff like porter stansbury makes you buy their shit to get actual advice.

is he an investor or a trader?

Stansbury is being investigated for fraud by the SEC. He is a marketing strategist, hyping up stocks and getting people to pump and dump.

[Lenina Rosenweg]

Mutual funds are generally regarded as safe if boring investments. McDonald's stock is doing well, not sure what its selling at currently.GM was selling for something like less than a dollar a share last year, not sure what its at now, its bound to rebound.

There's DRIP investment,Dividend Reinvestment, you buy shares directly from the company and don't have to go though a broker

http://www.dripinvestor.com/index.asp

US T bonds are actually a good long term safe investment, the [email protected] downgrade had the opposite effect.

Maybe China, as I understand there's a B list non-Chinese nationals can purchase on. Templeton would be the place to check out "emerging market" funds. Mark Mobius is the EM guru and he is supposed to be very good.

http://www.moneyweb.com/mw/view/mw/en/page292513?oid=314792&sn=2009+Detail&pid=292671


Needless to say, I hate this entire system, but its what we are stuck with right now.

[piet11111]

The only thing that i would bet on to make money would be the munitions manufacturers as supposedly Europe is running out of bombs to throw on libya.
That and banks as they would end up propped up by the state anyway if things go bad.

[RadioRaheem84]

I sent my gf's dad a long ass email detailing the SEC case against Porter Stansberry's mass marketing financial newsletter scam. He is not getting the picture though. He really thinks the government is just pursuing Stansberry because he is "revealing" information about government/busines dealings and the government is just persecuting him.

He also thinks the Shale Oil in Pennslyvania is going to blow up along with all the natural gas fracking in TX.

It's tough to get him to get out of that NWO doomsday buy Gold and Silver mindset.

I really do not want him to spend his family's savings on junk info.

[Zanthorus]

Moved to Non-Political.

[danyboy27]

canned good and ammunition.

[Pioneers_Violin]

Wait a second!

Why are we offering stock advice on RevLeft?:confused:

I say let him blow all his money with those bankster hoodlums. :lol:
It would serve him right for trying to join the parasitic scum.

My stock advice:
1- arrest all people involved with the markets,
2- confiscate their ill-gotten gains and redistribute to the population
3- re-purpose the exchanges to something useful like maybe factories or distribution centers or maybe even re-education centers.

Seriously, if he's on a fixed income he needs to be out of the markets.
Especially if he's considering risky advice.
Even a 0.25% return is better than the major loss that he is likely to suffer on his own in the wild markets.

[tbasherizer]

Get him to just put his money in one of the more volatile mutual funds. Tell him that the conspiracy-types are no less greedy than the greedy overlords and that they're just in it for a quick buck. Mutual fund companies are in it for the long slow draining buck, and can therefore be trusted to only take a little bit of his money- After all, they make up for it in volume of customers.

[RadioRaheem84]

I think the damage has already been done as I finally found out what his secret investment was; Iraqi Dinars!

I cannot tell you how awful I felt for him as he bought into the whole revaluation of the Iraqi Dinar scam hook like and sinker.

He spent so much money on that worthless money expecting to be worth something when Iraqi "revalues" it.

Good lord, how do all middle class white middle American folk all far for the same scams; gold, Iraqi dinars, investment newsletters, etc.?

[Pioneers_Violin]

I think the damage has already been done as I finally found out what his secret investment was; Iraqi Dinars!

I cannot tell you how awful I felt for him as he bought into the whole revaluation of the Iraqi Dinar scam hook like and sinker.

He spent so much money on that worthless money expecting to be worth something when Iraqi "revalues" it.

Good lord, how do all middle class white middle American folk all far for the same scams; gold, Iraqi dinars, investment newsletters, etc.?


ROTFL!
Sucker!

I know the type you're talking about. Actually know a few.
It's because their brains are running on pure Propaganda.
They've been brainwashed into chasing the dollar but have a serious deficiency for this endeavor.

What are they lacking in?

They're not evil, or at least not evil ENOUGH to join the big boys raping, looting and pillaging their way through the world's finances.
So with their misguided desire for massive wealth coupled with basic decency, they fall for all kinds of snares laid by the people that ARE "Evil Enough" to collect massive wealth, namely the wealth earned by Suckers like your acquaintance.

Do him a favor and try to get his mind off of wealth accumulation and maybe on to doing something productive with his life.
It's better to get into Basket Weaving than trying to make it big with Speculation.

[RadioRaheem84]

I had a ton of ideas to start small businesses, mostly internet ones, that could've actually taken off but he didn't listen to any of them and instead went with the most widely known scam out there; Iraqi Dinar!

I actually had something productive that could've brought in a small income and employed the whole family but it was not enough.

What I don't understand is how someone could be so gullible and not just type in Iraqi Dinar scam in google and come up with a thousand articles showing how it's a giant scam?