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-   -   Chimpansees and stock brokers (http://archives2.twoplustwo.com/showthread.php?t=210712)

aflaba 03-10-2005 02:21 PM

Chimpansees and stock brokers
 
1) Is it true that chimpansees and stock brokers are equally good at makiing money on the stock market?

2) Most of the money money on the stock market is handled by professionals. Is it possible for a private person to make money in the tough competition with the professionals?

Ray Zee 03-10-2005 03:16 PM

Re: Chimpansees and stock brokers
 
the chimps do better as they dont know old wives tales

the brokers make money by convincing you they know something so you can buy or sell, and they pocket a commission.

you make money by not buying what brokers push as thats overvalued, and find your own stocks to buy in companies that look to grow. and hold on until that happens or you find something better to invest that money in.

parttimepro 03-10-2005 05:01 PM

Re: Chimpansees and stock brokers
 
Chimps are actually only the third-best primates at investing. Gorillas are pretty good, but if you really want to get rich, you need to find a baboon. The bigger and redder the butt, the better the trader. Unfortunately, most baboon-led funds have pretty high expenses, and a lot of them charge front loads. If you just want to match the market, FideliChimp has some index funds with low fees.

Stay away from gibbons, though. You'd be surprised how far they can throw their feces.

aflaba 03-11-2005 10:08 AM

Re: Chimpansees and stock brokers
 
Thanks for the answers.
Interesting reading.
Especially interesting that they are only the third best primates [img]/images/graemlins/shocked.gif[/img]


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