Quote:
Originally Posted by Schneed10
Calling me ignorant on financial markets couldn't be further from the truth. I hold a graduate degree in finance and work in the field. It's you who's talking on a subject matter you don't understand.
All those companies you named, none of them had stock go to 0. So even if they were heavy into just ONE of those companies, they still wouldn't have lost ALL of their money.
Like I said, it was typical for guys to lose 40%, 50% in the market, even if investing wisely. But the only way you can lose all your money in the market is if you invested foolishly.
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LOL....You take alot of things for granted.No one said they were heavey into one or another ...and yes you are ignorant of finance...if I were your parents I'd ask for my money back.You asked how could someone lose all their money by deversifying and I showed you it's possible.Now you try to change the discussion when proven wrong.You are the problem.....serously if you really have a finance degree and I came to you for advice then just like some of those athletes(not all)I would be in the crap house becuase you don't seem to know anything.You keep trying to mix the athletes that did what they were suppose to with the ones who didn't.
POINT>>>>>>>>>>If I have millions and I take my money to a finacial advisor(with a degree ...you know like yours) and he invests it and I did what he says,shouldn't he know to deversify? You always seem to go right by the Goldman Sachs stuff and the Berni Madoff stuff and make things up,again the fact that you are to ignorant of the facts to understand how these thing happen even more if you really have a degree is scary.