5 Lessons for the Next Financial Mania

5 lessons for the next financial mania

This is one of the most honest financial articles I read. Every financial experts always aays do not panic and be calm because your stocks will eventually go up. Its good to buy on this market. Well if you keep on buying Merrill Lynch, Lehman, Bears Sterns and AIG stocks during those times that they are lying, you will never believe geniuses anymore. And now they will say look Buffet is investing. Well Buffet is not only investing, he infuses money to save those who are in the brink. His investments help but the ordinary investors investment will never be able to help the company.

I hope that someday some research must be done. While the experts say buy during a sudden market fall, we should be wary because they are actually the ones panicking and they want us to buy their investment.

DANILO Y. PONAY of @ Oct 04, 2008 08:59:41 AM

We can get back our leaders by voting them out of office when they come up for reelection if they have not been accountible. I will be doing my research and will not vote for anyone who is wasteful of taxpayer money. I hope the FBI can get to the bottom of this and justice will prevail.

Trying to get by of NY @ Oct 03, 2008 21:23:45 PM

5 lessons

Great article but I don't agree with the don't trust yourself. If people can't trust themselves to make decisions - be they right or wrong - based on the information that they have at the time, then who can they trust? You just said don't trust the CEOs, etc. so people have to take the responsibility and learn financial literacy and make the best decisions they can at the time with the information they have at the time. That means financial literacy. No longer can we or should we depend on others to make such decisions for us because you get screwed because you let someone else take charge. At the end of the day, we all have to learn to make the hard decisions or suffer the consequences. Making the hard decisions doesn't mean you won't make mistakes but it means you make the best decision you could at the time. To me that is priceless.

simone hardy of NJ @ Oct 03, 2008 21:14:23 PM

Re: 5 Lessons ...

Yeah right. I was always a cash and carry guy. NEVER used credit until after I finally got a CIS degree. I'm now 54. Back when Money Market funds were making 25-35%(the 1970's), I busted my a&* to try to scrape up $500 to get into it. No way - not if I wanted to keep my jalopy on the road. I didn't have the "magic" it took to prosper then. Now, the shell game VISA played with my account put me 10K in debt. And me still living like a high-school kid of the 70's. I figure if they can steal from me legally, I may as well buy their stocks. So I bought all I could - $5k worth. Where is it going to be for the next 5 years? In the toilet. So now, after a cash and carry life-style, living with my mother, a jalopy car, at age 54, MAYBE I can scrape $50 bucks to get my 83 year old Mom something. When do the CEO's get to face their responsibility??? F*&^k you George !!! All you people have done, is prove the commies right.

R of AZ @ Sep 19, 2008 16:20:20 PM