Glenn Beck/Goldline hilarity... and fraud

[Skjellyfetti]

http://www.ritholtz.com/blog/2010/07/gl ... -goldline/" onclick="window.open(this.href);return false;

[Vidav]

Glenn Beck is an idiot.

[AZGrizFan]

People taking financial advice from Glenn Beck are almost as stupid as people taking healthcare advice from Barak Obama.

[houndawg]

People taking financial advice from Glenn Beck are almost as stupid as people taking healthcare advice from Barak Obama.

[YoUDeeMan]

Where's the fraud?

[Baldy]

Where's the fraud?

All you need to do is look at the graphic's "sources".
Mother Jones & Anthony Weiner - Far left extremists, and Peter Schiff, who has a brokerage agreement with a competitor of Goldline. Another one of ky's red herrings.

[BDKJMU]

1. I don't see any fraud
2. Having gold in your portfolio (doesn't have to be from Goldline) is a good idea.

[Skjellyfetti]

This is all over the news. I just liked the flow chart from that website.

Goldline is under investigation for consumer fraud by the DA of the State of California. Pretty fucking serious, imo.

And, you're right BDK, gold's good to have in your portfolio. I have it in mine. But, antique french coins aren't.

[JohnStOnge]

People taking financial advice from Glenn Beck are almost as stupid as people taking healthcare advice from Barak Obama.

Well, I will say that if I'd have listened to Glenn Beck I'd have pulled my money out of the stock market and put it into more conservative investments prior to the rapid decline of late 2008 and I'd have a lot more value in my retirement fund right now.

[AZGrizFan]

People taking financial advice from Glenn Beck are almost as stupid as people taking healthcare advice from Barak Obama.

Well, I will say that if I'd have listened to Glenn Beck I'd have pulled my money out of the stock market and put it into more conservative investments prior to the rapid decline of late 2008 and I'd have a lot more value in my retirement fund right now.

Maybe, but if you'd have listened to Chizzang in the past 60 days, you'd have saved yourself an 11% drop like I did.

[Skjellyfetti]

Maybe, but if you'd have listened to Chizzang in the past 60 days, you'd have saved yourself an 11% drop like I did.

The market is up over the last ~60 days... not much... but, it is up...

DOW:
May 28, 2010: 10136.63
July 29, 2010: 10467.16

[AZGrizFan]

Maybe, but if you'd have listened to Chizzang in the past 60 days, you'd have saved yourself an 11% drop like I did.

The market is up over the last ~60 days... not much... but, it is up...

DOW:
May 28, 2010: 10136.63
July 29, 2010: 10467.16

Market <> Mutual Funds...unless you're in an index fund. My funds were down an average of 8-11%....I earned 3.43% (and that was for the 2nd quarter)

[From the class of 09]

The market is up over the last ~60 days... not much... but, it is up...

DOW:
May 28, 2010: 10136.63
July 29, 2010: 10467.16

Market <> Mutual Funds...unless you're in an index fund. My funds were down an average of 8-11%....I earned 3.43% (and that was for the 2nd quarter)

sounds like those are some bad funds

[AZGrizFan]

Market <> Mutual Funds...unless you're in an index fund. My funds were down an average of 8-11%....I earned 3.43% (and that was for the 2nd quarter)

sounds like those are some bad funds

Nope....most funds were down 2nd qtr....just like the market.

DJIA - April 1st: 10927.07
DJIA - June 30th: 9774.02

That's a 10.5% drop.

[Skjellyfetti]

So now you're going back 4 months instead of your original "60 days"

[AZGrizFan]

So now you're going back 4 months instead of your original "60 days"

Read the thread, douchenozzle. i corrected myself by stating that those were my 6/30 statement figures I was quoting.