I've requested and been granted the position of Host of this group. [View all]

Last edited Sat Dec 15, 2018, 08:26 AM - Edit history (1)

Shortly after this version of DU was launched (way back in 2011!), I put up this post, in which I provided a little background and my experience in the Securities Industry;

So....the reason I petitioned the Admins for this privilege is because I noticed an uptick in participation in this group over the course of the last 18 months or so. Higher rates of participation to me, means a higher probability of a need for oversight. Those of you reading this and regularly check on/post in this group know that it is by no means the most heavily trafficked group on DU! Not by a long shot.

BUT.....

It is, in my humble opinion, a VERY important group to those that seek sincere, serious conversation and advice regarding investing, retirement planning, Real Estate and any and all matters that fall under the blanket of "Personal Finance and Investing" .

I HAVE ABSOLUTELY NO INTENTION OF BEING HEAVY HANDED IN ANY WAY!

I want to make that absolutely clear. While I have my own personal opinion regarding what kind of "advice" is appropriate on a message board where the participants do not know each other in real life, I am, for lack of a better way of putting it, "Pro-Choice" all the way down the line. In other words, post away. I'm not going to get involved in, as I said, heavy handed moderating of this group.

The reasons I might see fit to lock or otherwise interfere with a thread or post is if it deliberately attempts to promote a specific security or investment. In other words, posts that say "You need to buy stock in XYZ company RIGHT NOW!!" are over the top, as I think most of you would agree.

On the other hand, a post that said "You should check out XYZ company! They seem to be ready for a huge upswing (or whatever) and here's why", THAT would be perfectly fine, in my view.

Telling someone to make a specific purchase or execute a particular trade are things to avoid. Pointing out a trend or offering research to back up an opinion is a different story, and that is the point I'm trying to make.

Now why is that? Because if someone were to actually TAKE that advice and the trade goes south, it could mean the loss of large sums of money and as a result, could cause serious and irreparable harm. It's a matter of ethics. This is the very reason the securities industry places severe restrictions on licensed and otherwise "Registered Representatives" from commenting or offering advice on forums such as this one. Now I realize that most, if not all of you aren't licensed brokers. If you were, you would know all this and would comply without me saying a word. But since you AREN'T licensed, there isn't a damned thing the Securities and Exchange Commission can do about it anyway!

And for the most part, neither shall I.

I take this subject very seriously because dammit, it IS A SERIOUS SUBJECT and someone very close to me, who had a direct impact on my family, over the course of a few decades, took bad investing advice, ignored good advice and basically squandered a multi-million dollar asset pool before anyone could put a stop to it. All this to the detriment of people I love.

So...my intentions are simply to act like a Border Collie! Keep things moving along (Which they pretty much do by themselves, anyway!), don't let anything stray too far afield and keep the wolves at bay.

I am more than happy to answer specific questions in private via PM if anyone cares to contact me. I am by no means any kind of stock market expert, I am not an Attorney, an Analyst or a Certified Financial Planner and I am not, as I indicated above, currently licensed to trade any securities. But I do have experience which some may find relevant to their situation or concerns, and as such, am more than happy to provide any guidance or help I can.

I like to end my posts with the following, and it is my sincere wish for all;

May all your trades be net gains.

Paul