No. of Recommendations: 3
This happened prior to my knowing about MF or really anything about investing in the market. A co-worker came into my office with a marvelous story of how he was making lots of money with a investment adviser who was buying and selling stocks for him and he was doing very well. Not long after I too had sent this "adviser" my money and he assured me he was investing it to make me rich. I later discovered he was really just trading frequently and racking up some very high brokerage fees with his firm. I didn't even know what a margin was but he had me using them and soon I was getting notices that my stocks were being sold to cover the margins as the stocks were going down. It was a very expensive lesson. I learned there are questionable advisers who don't have your best interest in mind. The real lesson I learned was that the number one person who has your best interest at heart is you as well as don't invest in anything you don't understand. I got involved with the Fools in the early 1990's and I have greatly appreciated the education, guidance and recommendations I've been given. Thanks
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