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Raymond James Financial, Inc. Message Board

  • gradnomore77 gradnomore77 Jul 24, 2002 8:58 AM Flag

    Okay...

    Poppy (if that is your real handle), as much as I'd like to make my point clear to you, I don't think I can make it monosyllabic enough for you to understand it. But I'll give it a try:

    You're right: whether the advice comes from an employed broker of RJF or an independent affiliate makes no difference. But you need to remember two things (now listen carefully): 1) a good investor always does his/her own fair share of due diligence and DOES NOT blindly accept what his/her broker tells him/her as gospel; and 2) if Bozeke lost money on an investment, he is as much to blame, if not more so, as his broker or wherever the broker got the information. Bozeke simply does not want to accept blame for a screw-up that he made. I'll say it again for you: nobody forced him to make the investment. He made the investment of his own free will, and he got burned. And now he wants to vent his frustration by blaming his broker and RJF. Maybe he should look in the mirror once in a while.
    As for you, Poppy, go to college, study economics, get a degree in it, and then come back and talk to us about how to invest. In the meantime, go write in your diary, listen to N*Sync, and plan your next slumber party for all your little friends. And if you really are Bozeke, which I suspect, then you have some serious issues and could use some professional help.

    And FYI, I don't drink alcohol, nor do I smoke, or do any sort of drug. Means more martinis for you, Bozeke.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Gradnomore...... do yourself some justice and add your jurors designation to your name. I'm sure you must be a Lawyer, otherwise you would be practicing law without a license and if that's true the least of your worries is that pimento issue we've already discussed.

    • You are wrong again, JERK! Unlike WallstJackass, I go by only one name, and that is Bozeke99. You are welcome to critisize me for taking the word of the RJF broker which I did. If you would take the time to read my first post, you might understand that I was complaining about RJF recommendation when CLN had fallen to $14.00 per share, and then the 4th of July rah, rah, patriotic b.s. to keep on investing.

      Are you an RJF broker? Probably. Tell me why any investor should use a full service broker. Does one not pay him for his supposed expertise in the market? Otherwise, why not save 90% in commissions and either go online or use a discount broker? Think about it jerk.
      There's a world of unbiased information on the net, but some people have a real job and don't have the time to do the so called due diligence.

      I hope that every customer of RJF reads your post as well as that of wallstjackass to get a good grip on how their money is being managed.

      • 3 Replies to bozeke99
      • Well punk, I have mostly transacted stock trades with discount brokers. The only reason that I traded with RJF is that one of my offices is in a small town 50 miles from a metropolitan area. If your pea brain can understand my original post, I was upset that RJF touted CPN after it had fallen from 27.00 to 14.00. I knew that they made a market(common practice with most brokerages) in CPN when I purchased the stock, and I also understand that one does not make money on every stock investment.

        You and your cohorts are too stupid or just unwilling to accept criticism of your firm.

        Like I said before, I only invested a small, very small, amount in this stock. If I lose the last ten percent of my investment, I definitely will not lose any sleep over it. My complaint was against RJF sending me literature telling me what great profits I would realize if I invested more in CPN (this after the Enron scandal).

        So if you or your buddies don't like my comments..........too damn bad!

      • First, learn to spell the handle right.

        Second, no, I'm not a broker. No Series 7 with my name on it to be found anywhere. Why? Because I don't want to have to deal with know-nothings like you who think they know everything about investing and then blame everyone under the sun because they lost money.

        Third, if I was a broker, I'd be giving seminars to clients and flat-out telling people NOT to take my word for it, to do their own research, to pony up the $20 a month for an internet connection, to pick up the Wall Street Journal, so they can look at many different sources and make an informed judgment about how they invest their hard-earned cash.

        Fourth, just because you were a moron and didn't do your due diligence before investing does NOT mean that RJF is to blame.

        Fifth, the reason that you, Bozeke, will never opt to go with an online brokerage (e.g., E*Trade, etc.) is because you are the type of self-righteous ignoramus who needs someone to blame when things go wrong. That's the popular mindset in America today, and to be quite honest, I'm sick and tired of it. Take responsibility for your own actions, and stop whining and complaining like a little girl...

        Sixth, speaking of whining and complaining like a little girl, Bozeke, maybe we need to get you a guest spot on Jerry Springer: "Bad Investment Decisions by Men Who Pretend to be Teenage Girls Online". Jerry would jump all over that.

        Seventh (and finally), get over yourself and go do something more productive with your life. Like anything!

      • First off, let me say, I'm glad to see this board come alive a bit. I certainly didn't want the discussion to get this contentious, I was merely trying to give you some sound advise. That being said, I'm sure you'll get even more creative with your name. BTW, have you ever met Raymond (LOL)? hahahahahahahaha

        With that out of the way, I find it scary and humorous that you still take zero responsibility for a poor investment and you still continue to condemn an entire firm for the words of one broker, even though based on your own statement, your broker was parrotting Goldman research. Sounds to me like you are pretty similar to one nut adolf. Once again.....RJF DOES NOT write research or make a market on that stock! Yes, I checked. Moreover, it's imperative that you evaluate performance in both absolute and relative terms.

        I'm not going to waste the time to go through the numbers for you but I'm sure you recognize that most have been hammered over the past 2 years. My condolances if you've been hit excessively bad. I've personally lost approximately $1.5 million in the past year alone but I also recognize that my gains in 1998, 99, and 2000 far exceeded that amount. Relative to the DOW,S&P, and NASDAQ I'm still up. What does $1.5 mil mean if you can't put it in context of my net worth. Did you give your broker credit when you made money or did you attribute those decisions to your , eh genius. LOL. Get the point? Suck it up and act like a big boy. Not all investments will work out. At least you didn't have your retirement in Enron, Worldcom, Adelphia, etc. If you actively trade stocks (again I recommend that you don't), you should investigate a WRAP account. At RJF, it would be called a passport or an elite account, I believe. By paying your broker a percentage of assets under management (AUM) he or she makes more as your assets increase and less if they decrease. Every major firm is going this direction (ML, UBS, Goldman, PRu, AGE, MSDW, etc). While there are still some conflicts of interest, this is a better model than a pure commissioned relationship as the broker gets paid for asset appreciation rather than for trade volume. Parenthetically speaking, most academic studies on the subject support the notion that active trading will significantly impair portfoio performance. Consequently, you should consider your trading activity. Market timing rarely works.

        As I know far more about this business than you could ever comprehend, I will repeat my recommendation: Don't rely on the brokers word for a stock pick. Most brokers do not have the capacity to discern a solid company from a load of hype. One defintition of broker per Dictionary.com is "A pimp or procurer." Does that make you the whore? Those brokers that pretend to have the capability to select stocks all by them selves will more often regurgatate what the equity analyst said during the morning meeting. Again I urge you to go into managed money products such as separately managed accounts or mutual funds so that your interests are aligned with the person investing your money.

 
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