Who makes money trading options? I don’t know anyone who has done well, long-term, in the options market. Nonetheless, there seems to be a rush towards these lesser-known investment vehicles. (I am loath to call them investments.) From 2004 to 2009, the volume of options trades done by individuals increased an astounding fivefold at Fidelity [...]
Most of the public knows, or think they know, who or what caused the 2008 financial collapse. The usual suspects are the mortgage companies, lax regulations, and banks and financial institutions that used Wall Street like a casino. But to my mind, other villains deserve equal scorn. Or more. The major credit ratings firms – [...]
In the financial world, we’re not supposed to label anything a “sure thing.” But here’s a pretty safe bet: right now, thousands of smart Americans are being scammed in an investment scheme. The evidence is overwhelming and stretches back through our history, from Charles Ponzi to Bernard Madoff, to the current allegations against “financial advisor [...]
