My Brokers Have Terrible Judgment
Doh! I just learned that, after a boneheaded stock purchase a couple weeks ago of a couple of mortgage companies, my brokerage firm of Paulson Bernanke LLC went ahead and bought me controlling interest in a bankrupt insurance company.
Now, I'm no pro, but I would have thought maybe some shares in tech or healthcare or something like that might have been a better investment these days of my hard earned cash, instead of real estate and insurance. I'm only out a couple grand, since I have 300 million fellow shareholders, and it's bargain pricing... But still! These are not the soundest investments. And now they're talking about buying a failing S&L!
At least our contract is running out soon. I'll have the option to dump these guys in November. I figure it's a no-brainer.