I got a letter from my friend yesterday ,who has worked in stock field more than twenty years. He is a typical FA trader and knows some inside story in time. I'd like to share his frankly suggestions as follow:
…Be careful with your money, Although I work in the investment industry I am loosing faith in the honesty of the people who run this business after seeing what has happened in US. No one has the interest of the investors in their mind. They only think about their big salary and bonuses. To get that they would manipulate the market whichever way it suits them, They are well connected no matter whether it is Bush or Obama in power, No one can harm them for the mess they have created and instead getting billions of $$ to keep the operating the reckless way they have been doing in the past.
Since they are so much in control they know when to sell and when to buy. Cash in before everyone else when the market is high and buy from those same people when the market is low and then bring the market back up again and keep that vicious cycle going. The best way is for you is to keep your goals modest and cash in as soon as you have made some money then sit on the side till the next opportunity to buy low. Don't wait for the big bucks to come your way. Small gains at a time will bring you big bucks in the long run…
(Please don't repost it to other places since it came from my personal e-mail. I appreciate the words my friend wrote to me, and post it here to thanks the people who are so nice and helpful in hutong. Thanks.)
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