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Never take investment advice from someone who makes money on your trading

Posted: Mon Jul 08, 2019 8:18 pm
by Edwin Ek
It's true for the stock market and the old Porsche market. Yet everyone loves to give an opinion, on CNBC and here.

It was a better world when 356's were just old sports cars, not vehicles for investing and speculating.

Re: Never take investment advice from someone who makes money on your trading

Posted: Tue Jul 09, 2019 10:12 am
by Wes Bender
I'm still in that better world and enjoying it!!! ...and you could too.

Re: Never take investment advice from someone who makes money on your trading

Posted: Wed Jul 10, 2019 3:20 am
by Harlan Halsey
+1, Wes

Re: Never take investment advice from someone who makes money on your trading

Posted: Wed Jul 10, 2019 7:28 am
by Neil Bardsley
Happening here in the uk at the moment! I you said never trust someone on commission for advice.

https://www.ftadviser.com/investments/2 ... ford-fees/

Re: Never take investment advice from someone who makes money on your trading

Posted: Wed Jul 10, 2019 1:16 pm
by Adam Wright
Edwin Ek wrote: Mon Jul 08, 2019 8:18 pm
It was a better world when 356's were just old sports cars, not vehicles for investing and speculating.
In my experience everyone harkens back to the good old days, until it is their turn to sell something, then capitalism shines through. People complain to me about prices sometimes, I then offer to straight trade the part they need for something I need, then suddenly they start telling him high retail prices. Had a guy call me a few years ago and said he needed gauges for a C car, but he needed them priced "like he stole them." I said trade me three wheels for the 3 gauges. He scoffed and told me three wheels are worth $600-900, I said so are three gauges if you pay high retail. A capitalist after all....

Re: Never take investment advice from someone who makes money on your trading

Posted: Sat Jul 13, 2019 12:04 am
by Ron LaDow
Edwin Ek wrote: Mon Jul 08, 2019 8:18 pm It was a better world when 356's were just old sports cars, not vehicles for investing and speculating.
I'm old enough to tell those kids to get off my lawn, but I see no reason for your claim; please tell us why.
Until I married, I *NEVER* bought a new car; the 'drive-off-the-lot' penalty made it a non-starter. Suffice to say the Lusso, the (at least 15) 356s, the F1 I bought were all bought for enjoyment (and an eye to at least not lose money; none did).
I got no gripes.