Larry, Moe and Curley, Investment Brokers

Larry , Moe and Curley were sitting in their
favorite restaurant just off Wall Street have
their usual 3 martini lunch and discussed
events of the day and their client portfolios.

Larry : " I had 12 calls this morning
of customers who want to know why the
market was going down . "

Moe : What did you tell them ? "

Curley : " Yes , that " where another
sip of his drink offering .

Larry : . " You know, this is the usual
a normal correction and not to worry . I'm
viewing your account . The market always
return. "

Moe : " That's the same BS I tell them . "

Curley : "I have more than 300 accounts
and I can not look great except my 5
merchants. Who cares about the others right?
My company does not tell me that they have to sell when
their stock starts going down and they believe that the old
saw about ' hang in there for the long term . " I
blew out all my stocks last week. thank
goodness . The market has dropped 300 points
since then .

Moe : " It would be better for the customers
If our company would say that they should use
stop loss orders. "

Larry and Moe , screaming in a single
voice : " Do not say that if we fired" . they
both bonk him on the head spilling his drink .
" Nyuk . Nyuk . "

Yes, it may sound funny , but there is
more truth than fiction in which imaginary
conversation .

Why not tell brokerage firms
to sell when the market is their customers
decreases ?

There are two reasons . First, any large
brokerage do not want to get on the bad side
of a company . That company would be a public
offering later and they certainly will not
be asked to one of the stocks or bonds to sell . this
is where the big money on Wall Street .
The second reason is that they do not want the
customer to cash in his account. he would
take it out . Brokers earn money even if you do
no trade . It's not much, but it keeps the
pilot lights .

Brokers also discourage customers stop loss
orders because it is more paper work for them
and then they look at your account .
Unless your account is high 6 - or 7 figure - figure
you're not on the radar screen . Mr. Broker ( a
appropriate name for what he does with your
money) has an average of 300 accounts and many
have 600 or 700 . When new people come into their
office they give them the small bills .

When a broker passes his securities license
he gets two manuals . One is SEC regulations
to be followed , and the second is how
Open accounts. There is no third guide on how
to protect . customers money or trade brokerage
companies want their salespeople to follow
business line and push certain products . there is
no thought of customer protection .

If your broker is Larry , Moe or Curley 's
time in order to find a new one.

Al Thomas ' book , "If it does not go up , do not buy ! " Has helped thousands of people make money and keep their profits with his simple 2 - step method . Read the first chapter at  and discover why he's the man that Wall Street does not want you to know .