Let me fit you with some cement shoes
At times I look around and realize how much I would love to live in China.
When I worked for the Big Tree, we were forced to use JPMorgan as our investment manager for our 401K. During a time of very high returns in the market, our fund kept losing money due to the constant trading by our brokers. During a course of 2 years, many of us saw our porfolios drop 60% in value. Instead of allowing the value of our shares to increase with the market, the brokers kept trying to daytrade with very poor results.
I don't subscribe to cowboy justice, but there have been days I would love to.
-Mizike-
When I worked for the Big Tree, we were forced to use JPMorgan as our investment manager for our 401K. During a time of very high returns in the market, our fund kept losing money due to the constant trading by our brokers. During a course of 2 years, many of us saw our porfolios drop 60% in value. Instead of allowing the value of our shares to increase with the market, the brokers kept trying to daytrade with very poor results.
I don't subscribe to cowboy justice, but there have been days I would love to.
-Mizike-
posted by Mizike at 7:56 AM
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