Posts tagged “learn to invest”

I get absolute truthful answers to my questions, “unadorned” with any hidden agenda

I have interviewed countless CPAs, CFPs, financial advisers, attorneys, estate planners… whatever, and it seems they all have the perfect solution to my problem. And what a coincidence! It just happens to be what they are selling… life insurance, annuities, social security adjustment… whatever. OTA is also selling something. They want me to take more classes. (Okay. They are a for profit business after all). But along the way I get absolute truthful answers to my questions, “unadorned” with any hidden agenda. And, wonderfully (and unlike ANYONE else), they have NO FEAR of the market or of working its subtleties.
OTA folks are not your Buy and Hold, “Don’t worry, your tanking stock is sure to come back… some day” folks. If something’s not working out pretty quickly, they are out of it. Plus, they will trade ANYTHING… Stocks, Bonds, Euro, Gold, ETFs, Soybeans, not to mention Diagonal Bear Put Spreads on futures on the S&P 500, etc., etc. Just try convincing your rep at Morgan Stanley, or Schwab, or Wells Fargo Advisors to do that! Are they expensive? Well, let’s just say they are not cheap. However, if you take all of what they have to offer, you’ll get what amounts to an entire college education over the course of only about six weeks and for the price of about one year’s tuition at a decent university (and without having to waste your time taking all those annoying and non-productive classes on the History of the Mesopotamian Bot Fly either). And don’t forget – like the bumper sticker says, “If you think education is expensive – try ignorance!”

Jim Knapp (San Diego, CA)

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