How to get even with Wallstreet...

C

christianhgross

So I am reading all of these posts that are annoyed, angry and want to riot against Wallstreet.

Want to know how to get even with Wallstreet?

Simple...

Don't go into debt!

Buy a car with cash...

Save 40% to buy a mortgage, since then you can go to the local smaller banks as you are not a risk.

Don't use a credit card...

Do that and Wallstreet will shrivel faster than a Watermelon on a hot sunny day in Death Valley.

Oh but wait... People can't because they are addicted to Starbucks latte-crap1-crap2-crap3 coffees. And they are used to pay 1 cent for things from China...

Anything else is venting and pure lunacy...
 
Quote from christianhgross:

So I am reading all of these posts that are annoyed, angry and want to riot against Wallstreet.

Want to know how to get even with Wallstreet?

Simple...

Don't go into debt!

Buy a car with cash...

Save 40% to buy a mortgage, since then you can go to the local smaller banks as you are not a risk.

Don't use a credit card...

Do that and Wallstreet will shrivel faster than a Watermelon on a hot sunny day in Death Valley.

Oh but wait... People can't because they are addicted to Starbucks latte-crap1-crap2-crap3 coffees. And they are used to pay 1 cent for things from China...

Anything else is venting and pure lunacy...
More...

Much easier, Christian:

95 % taxes on all banker bonuses and wages. Fair enough, isn´t it ?

By the way : did you work for Deutsche, Commerzbank or Dresdner ?
 
Quote from ASusilovic:

Much easier, Christian:

95 % taxes on all banker bonuses and wages. Fair enough, isn´t it ?

By the way : did you work for Deutsche, Commerzbank or Dresdner ?
More...

Nope don't work for any of these institutions... Wrong country btw.

But to tax them at 95% is silly and will not do anything. Remember that these are the people who invented swaps. If you don't understand the context do some research and you will understand what I mean.

As a pragmatic solution, I agree with King who says that the banks should be separated...
 
Quote from ASusilovic:

Much easier, Christian:

95 % taxes on all banker bonuses and wages. Fair enough, isn´t it ?
More...

Bill of Attainder

There's a reason why it got nowhere this spring.
 
Why are *you* are on short term trading oriented website? Aren't you just Wallstreet sans the [prior] success and size?

Quote from christianhgross:

So I am reading all of these posts that are annoyed, angry and want to riot against Wallstreet.

Want to know how to get even with Wallstreet?

Simple...

Don't go into debt!

Buy a car with cash...

Save 40% to buy a mortgage, since then you can go to the local smaller banks as you are not a risk.

Don't use a credit card...

Do that and Wallstreet will shrivel faster than a Watermelon on a hot sunny day in Death Valley.

Oh but wait... People can't because they are addicted to Starbucks latte-crap1-crap2-crap3 coffees. And they are used to pay 1 cent for things from China...

Anything else is venting and pure lunacy...
More...
 
The root of the problem is not Wall Street, not even the invisible hands of international bankers behind WS, it is the American political system that can be bought.
 
"Securitized" products...that are fat margin IB products....

ARE the problem....

The US has a debt problem.....and the removal of "securitization" does remove the "most rotten"....no skin in the game....everyone likes candy....debt issues....
 
Quote from adadadog:

The root of the problem is not Wall Street, not even the invisible hands of international bankers behind WS, it is the American political system that can be bought.
More...

The root of the problem is the Human Kind...

Two choices: suck it up or prepare the next Revolution.

rev⋅o⋅lu⋅tion  /ˌrɛvəˈluʃən/ noun
1. an overthrow or repudiation and the thorough replacement of an established government or political system by the people governed.
2. Sociology. a radical and pervasive change in society and the social structure, esp. one made suddenly and often accompanied by violence
 
Quote from christianhgross:

So I am reading all of these posts that are annoyed, angry and want to riot against Wallstreet.

Want to know how to get even with Wallstreet?

Simple...

Don't go into debt!

Buy a car with cash...

Save 40% to buy a mortgage, since then you can go to the local smaller banks as you are not a risk.

Don't use a credit card...

Do that and Wallstreet will shrivel faster than a Watermelon on a hot sunny day in Death Valley.

Oh but wait... People can't because they are addicted to Starbucks latte-crap1-crap2-crap3 coffees. And they are used to pay 1 cent for things from China...

Anything else is venting and pure lunacy...
More...

I would also add you should only invest with a fee-based RIA Rep, because their interests are more in-synch than a brokers. The more money they make you, the more money they make for themselves. Brokers are in the business of screwing you up front, and have no interest in an ongoing relationship. Despite what they say, their interests are to the firm, not to the client, and generally have quotas to meet that serves to churn accounts unnecessarily.
 
You are joking.... (unless you are talking about the institutional variety) fee-based RIA? You mean the guys who are paid a fuck-ton from the sponsors to distribute funds to retail buyers? They are the car salesmen of this business - greaseballs that even IB can barely stomach....

Quote from bwolinsky:

I would also add you should only invest with a fee-based RIA Rep, because their interests are more in-synch than a brokers. The more money they make you, the more money they make for themselves. Brokers are in the business of screwing you up front, and have no interest in an ongoing relationship. Despite what they say, their interests are to the firm, not to the client, and generally have quotas to meet that serves to churn accounts unnecessarily.
More...
 
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