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Financial Lemmings

Discussion in 'Forex Beginner Q&A' started by GCAM, Nov 2, 2009.

  1. GCAM

    GCAM New Member

    Sep 25, 2009
    Likes Received:
    Asset Manager
    Dear Trader / Investor,

    Please do a better job differentiating between fact and opinion in the public and private media. Your job is to make sound decisions based on your gut feeling and solid data, not based on the analysis of a reporter, politician, or local pedestrian. They have their own jobs and agendas.

    Understand that some people are motivated by praise and flattery. Their only concern is what they say and how they appear at the occasional cocktail party. Ignore them. Some people are motivated by job security, and their only love is for their immediate job, which is fine, but their market opinions are driven by their personal agenda and have nothing to do with your bottom line. They are too busy reporting or regulating, which is how they increase their bottom line. So, ignore them as well.

    The truly sophisticated people who are purely motivated by their love of making money in the markets are too busy and could care less to read this memo or any other report for this matter. They have no ego and are too courageous and confident in their decisions to seek personal comfort and a false sense of security in the opinions of others. They are unaffected by the garbage that you are sold in the media and government. And they find prime opportunities on their own before the idea hits the media and masses. That is what separates them from the herd.

    Your current mentality is still similar to that of a herd of financial lemmings. So, heed this warning before you faithfully leap off a steep cliff. Self-righteous pundits are watching you with a smile from the sidelines and packing your parachutes for you. Most of them have no vested interest in their opinion or in taking the faithful leap with you.

    Take action now and start thinking for yourself. Turn off your television, throw out your newspaper, and get back to work. Time is money and you are wasting it. There are opportunities out there and you just need to take the time to do real research and find them.

    The most important part of an investment is your bottom line. It does not matter what other investors think or do, especially if they missed an opportunity by being late to the party.

    If you have any questions or comments regarding this memorandum, please feel free to reply. I am happy to hear your opinions.


    Chris Brueck
    Managing Director
    Gold Coast Asset Management Inc.

    Phone: +18883627855
    E-mail: Chris.Brueck@GoldCoastAM.com
    Web: www.GoldCoastAM.com

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