Monday, September 15, 2008

Financial Advisors?

Speaking of Bank of America buying Merrill Lynch:

The deal will create "a company unrivaled in its breadth of financial services and global reach," Bank of America said.

"By adding Merrill Lynch's more than 16,000 financial advisers, Bank of America would have the largest brokerage in the world, with more than 20,000 advisers and $2.5 trillion in client assets," the bank said.


(CNN.com)

Wait--tell me why I'd listen to a financial advisor from a company which lost $17 billion and 65% of their share price in the last year?

4 comments:

K la said...

Oh, babe. You are so smart!!! I'm so glad you're dabbling in stocks now, you just upped your brain by 10 IQ points

Xirax said...

I know you just want to buy some AIG stock :D

What tools do you use?

The Writer said...

Curse Scottrade, I could have made some money off AIG, but Scottrade temporarily suspended online trading of AIG because of it's volatility. You had to call your local branch and make the trade over the phone, and that was too much hassle for an experiment.

Tools:

Scottrade (Online broker)
Shortsqueeze.com (Check the short interest)
Nasdaq.com (Check pre-market trading)
caps.fool.com (Get a lot of people's opinions of stocks)

Prin said...

If financial advisors were that good, why are they still working?