Bank on Yourself (r) Authorized Advisor and radio talk show host Teresa Kuhn explores various money myths and misconceptions, advises readers how to get out of debt more quickly, avoid paying unecessary and excessive interest, and how to legally pay less in taxes. Teresa's contrarian approach to building a solid financial future flys in the face of conventional wisdom.
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Thursday, August 30, 2012
Savvy Ladies Webinar. On Demand
re: great time at the webinar yesterday..
I had a chance to do a "Money Myths" webinar for the great folks at Savvyladies.orgyesterday...
Hope you enjoy it.
Tuesday, August 7, 2012
The "Screaming Girl Effect" And Facebook Stock- The Ultimate Sucker Punch?
re: I hate to say I told you so...
by Teresa Kuhn, JD, RFC, CSA
Bank on Yourself (TM) Advisor
www.livingwealthyradio.com
"Screaming girl syndrome"...
Get enough young girls together shrieking their lungs out in one room and it doesn't matter how bad a band plays, how heinous their hair and clothing , or how boring and banal their lyrics.
In the 60's and on in to the 70's, "shrieking girl syndrome" virtually cemented the success of talentless spandex and hair bands that should have never left mom and dad's garage in the first place. Carefully induced mass hysteria, after all, trumps taste each and every time.
So what does this have to do with the price of Facebook?
Well, it seems the screaming girl phenomenon is alive and well and living on Wall Street. Want to sell an IFFY IPO at hugely inflated prices not warranted by reality?
Then you need to get yourself some "shrieking girls." In the case of Facebook's IPO the girls were hype-spewing financial journalists, television reporters, and so-called investment gurus..
You also need to:
1.Be adept in the art of persuasion As the Guardian's (UK) Dean Baker writes:
... insiders benefited from the ability of Mark Zuckerberg and his colleagues to convince investors that Facebook had much more profit potential than, in fact, was true. This ability to hype a product (in this case, company stock) can be an incredibly valuable skill, but it provides nothing of value to society."
2. Understand the deal is rigged... Distribute your shares at a discount relative to the initial float price to INSIDERS (investment bankers, employees, special friends of the banks, etc.) These folks only care about one thing: A sudden, immediate spike in the share values so they can dump their putrid shares off on small investors and make a huge profit before the con is exposed. Was there a wee bit of "insider trading" going on at Facebook? Perish the thought!
3. Let your investment banking buddies teach you the art of the NAKED short sell. Wait! That's illegal, isn't it? (wink, wink) Realfreemarket.org explains this process:
"Facebook is way overpriced, due to hype and the investment bankers propping up the IPO. The bankster naked short sells Facebook. In 3-6 months, pre-IPO share lockup agreements expire, and insiders may start selling, pushing down the price further. The naked short seller waits 3-6 months to cover his short, profiting from the hype.
The naked short seller counterfeits shares of Facebook. He sells them to gullible people who buy the IPO hype. The naked short seller waits a few months and then covers.
The average person cannot naked short sell. Your broker won’t let you. Only banksters and insiders may naked short sell. The stock clearing and settlement system covers up naked short selling, treating fails as equivalent to legitimate trades."
For years I have been telling people: the Wall Street game is hopelessly rigged against ordinary people and that the only folks who truly profit are banks and Wall Street Insiders.
The Facebook debacle only serves to reinforce my long-held belief that the corporate bankers and Wall Street brokerages are parasitic in nature and thus, require hosts in order to survive and prosper.
Those hosts, unfortunately, are thousands of ordinary,starry-eyed small investors looking for the magical "ground floor opportunity" , pension fund managers desperately seeking ways to get out from under the specter of unfunded liabilities, and non-profits looking for any way to generate more revenue.
Bloomberg's observes:
"Investors have to understand that "investing in IPOs is a fool's game" rigged for three groups: Wall Street banks, institutional investors, and the company going public. Small investors are not a part of the equation, and by participating in the frenzy, they actually helped fuel the "Facebook IPO hype machine."
If the blatant Facebook IPO con isn't enough to convince you to keep your money off Wall Street and under your own control... then what is?
Find out more about a way to protect all that you've worked for and gain peace of mind, predictability, and gains without risk.
Get my free CD or DVD by going to www.livingwealthyradio.com
by Teresa Kuhn, JD, RFC, CSA
Bank on Yourself (TM) Advisor
www.livingwealthyradio.com
"Screaming girl syndrome"...
Get enough young girls together shrieking their lungs out in one room and it doesn't matter how bad a band plays, how heinous their hair and clothing , or how boring and banal their lyrics.
In the 60's and on in to the 70's, "shrieking girl syndrome" virtually cemented the success of talentless spandex and hair bands that should have never left mom and dad's garage in the first place. Carefully induced mass hysteria, after all, trumps taste each and every time.
So what does this have to do with the price of Facebook?
Well, it seems the screaming girl phenomenon is alive and well and living on Wall Street. Want to sell an IFFY IPO at hugely inflated prices not warranted by reality?
Then you need to get yourself some "shrieking girls." In the case of Facebook's IPO the girls were hype-spewing financial journalists, television reporters, and so-called investment gurus..
You also need to:
1.Be adept in the art of persuasion As the Guardian's (UK) Dean Baker writes:
... insiders benefited from the ability of Mark Zuckerberg and his colleagues to convince investors that Facebook had much more profit potential than, in fact, was true. This ability to hype a product (in this case, company stock) can be an incredibly valuable skill, but it provides nothing of value to society."
2. Understand the deal is rigged... Distribute your shares at a discount relative to the initial float price to INSIDERS (investment bankers, employees, special friends of the banks, etc.) These folks only care about one thing: A sudden, immediate spike in the share values so they can dump their putrid shares off on small investors and make a huge profit before the con is exposed. Was there a wee bit of "insider trading" going on at Facebook? Perish the thought!
3. Let your investment banking buddies teach you the art of the NAKED short sell. Wait! That's illegal, isn't it? (wink, wink) Realfreemarket.org explains this process:
"Facebook is way overpriced, due to hype and the investment bankers propping up the IPO. The bankster naked short sells Facebook. In 3-6 months, pre-IPO share lockup agreements expire, and insiders may start selling, pushing down the price further. The naked short seller waits 3-6 months to cover his short, profiting from the hype.
The naked short seller counterfeits shares of Facebook. He sells them to gullible people who buy the IPO hype. The naked short seller waits a few months and then covers.
The average person cannot naked short sell. Your broker won’t let you. Only banksters and insiders may naked short sell. The stock clearing and settlement system covers up naked short selling, treating fails as equivalent to legitimate trades."
For years I have been telling people: the Wall Street game is hopelessly rigged against ordinary people and that the only folks who truly profit are banks and Wall Street Insiders.
The Facebook debacle only serves to reinforce my long-held belief that the corporate bankers and Wall Street brokerages are parasitic in nature and thus, require hosts in order to survive and prosper.
Those hosts, unfortunately, are thousands of ordinary,starry-eyed small investors looking for the magical "ground floor opportunity" , pension fund managers desperately seeking ways to get out from under the specter of unfunded liabilities, and non-profits looking for any way to generate more revenue.
Bloomberg's observes:
"Investors have to understand that "investing in IPOs is a fool's game" rigged for three groups: Wall Street banks, institutional investors, and the company going public. Small investors are not a part of the equation, and by participating in the frenzy, they actually helped fuel the "Facebook IPO hype machine."
If the blatant Facebook IPO con isn't enough to convince you to keep your money off Wall Street and under your own control... then what is?
Find out more about a way to protect all that you've worked for and gain peace of mind, predictability, and gains without risk.
Get my free CD or DVD by going to www.livingwealthyradio.com
Thursday, August 2, 2012
Coming to A Computer Near YOU:
re: don't miss my first ever live WEBINAR on August 29 (and it's NOT for ladies only)
by Teresa Kuhn, JD, RFC, CSA
Our friends over at the non-profit SAVVYLADIES organization have graciously invited me to do a webinar on one of my favorite topics: MONEY MYTHS.
As you probably realize, a considerable amount of my time is spent in helping people solve money problems caused by listening to the same old bad advice handed out by conventional financial advisors: things such as "buy term and invest the difference," "no risk- no gain" , "banks are the safest place to keep cash." eyc.
So, I can't wait to get in front of a virtual audience of thousands and examine a few of the most prevalent (and harmful) money myths.
In this hour long web presentation, I will not only DESTROY THE MYTHS that keep you frustrated and broke, I will also offer you concrete alternatives that will keep your hard-earned wealth safer and under YOUR control (instead of you being a slave to banks and Wall Street)
You will learn:
1.Common mistakes people make with their nest eggs... and how to avoid them
2. Money myths: Believing these myths can be dangerous to your financial future
3. How to set up your own finance company and never have to BEG your banker for a loan again
4. Why a 401 K might be the riskiest thing in your portfolio
5. The Great American Retirement Hoax: Buy into it at your own peril
Admission is free, but there are only a limited amount of spaces available.. so REGISTER NOW.
Go here and sign up:
https://www1.gotomeeting.com/register/901694544
Can't wait to see you there!
by Teresa Kuhn, JD, RFC, CSA
Our friends over at the non-profit SAVVYLADIES organization have graciously invited me to do a webinar on one of my favorite topics: MONEY MYTHS.
As you probably realize, a considerable amount of my time is spent in helping people solve money problems caused by listening to the same old bad advice handed out by conventional financial advisors: things such as "buy term and invest the difference," "no risk- no gain" , "banks are the safest place to keep cash." eyc.
So, I can't wait to get in front of a virtual audience of thousands and examine a few of the most prevalent (and harmful) money myths.
In this hour long web presentation, I will not only DESTROY THE MYTHS that keep you frustrated and broke, I will also offer you concrete alternatives that will keep your hard-earned wealth safer and under YOUR control (instead of you being a slave to banks and Wall Street)
You will learn:
1.Common mistakes people make with their nest eggs... and how to avoid them
2. Money myths: Believing these myths can be dangerous to your financial future
3. How to set up your own finance company and never have to BEG your banker for a loan again
4. Why a 401 K might be the riskiest thing in your portfolio
5. The Great American Retirement Hoax: Buy into it at your own peril
Admission is free, but there are only a limited amount of spaces available.. so REGISTER NOW.
Go here and sign up:
https://www1.gotomeeting.com/register/901694544
Can't wait to see you there!
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