Can The Stock Exchange Guru Lead You To Your Next Fortune?

January 9th, 2010

Forecasting your way around the stock market
I play the stock market for 2 reasons: I enjoy it and I like making money without working. I guess I’m a gambler at heart but I don’t have the guts or the wherewithal to go to the casinos so I play on the stock exchange under the maybe-false impression that I can’t lose everything as I could in the casino. When the market is rising I float on a cloud and when it is falling I feel depressed, but my stake is small and should the worst happen, I can afford to lose it. At the moment my cloud is flying high in the sky.

My stock exchange car.
I used to drive a stock exchange car. Some years ago we sold our house and I was flush with money. I decided to invest a few thousand dollars in stocks and one evening I came across a company called Yahoo. I knew the name from my computer activities so I bought a hundred shares at $15 each. They began to rise. Then there was a rights issue and I suddenly had 150 shares and the price kept going up. It reached $117 before my nerve broke and I sold the shares, rushed downtown and bought a brand new car. What a coup, I thought, a free car, bought at the cost of 2 phone calls to a broker. I doubly enjoyed that car for years.

Our old friends
Three years ago we visited old friends in Canada. She was desperately ill after a stroke and her husband refused to leave her even though they had a full-time care giver. I asked him how he passed the time and he led me to his study which contained a long worktop and a few computers. “I play the markets,” he said. He belonged to one of these share advisory services and faithfully followed their tips, playing with enough money to do everything they suggested. The market was rising steadily in those days and so was the value of his portfolio. He tracked everything and the walls were plastered with print-outs of rising graphs. “You should join the guru-service,” he said.

I join up with a guru
Back home I did just that. I invested $6,000 and started playing. The tips came fast and furious and I chose and bought shares with a cash advance. Some were good and some were not. My fund rose to $7,000 in a year and then came the crash. I watched my fortune drop to $2,000. The renewal notice came from the guru service and I tossed it. I began playing on my own, buying and selling shares for small gains or losses. My fund is within reach of $9,000 now. The gurus keep writing to me and offering me advice. I sometimes check their results and in my opinion they know no more than I do. But then again, they are making money selling their advice.

Payday Loans

This entry was posted on Saturday, January 9th, 2010 at 9:57 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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