Advice

Date September 16, 2008

I can’t help but notice…

Amidst the failure of Lehman brothers, the Merrill Lynch buyout, AIG danger, Bear Stearns; right at the root, here is the common denominator:

The financial titans on Wall Street put all their eggs into a basket of mortgaged-back securities and other complex derivatives that depend on home interest payments for income flows.

Which means all these financial counselors didn’t follow the number one rule they seem to preach to all of us: diversify.

Category Posted in misc.

2 Responses to “Advice”

  1. Jason said:

    September 16th, 2008 at 3:25 pm

    Ah so true so true.

  2. Rachelle said:

    September 22nd, 2008 at 9:19 pm

    I’m no finance person, but after watching the documentary Maxed Out, I just want to scream let the natural consequences roll.

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