Parrot Picks Winners -
We try to present you serious subjects on our Naked News Commentaries. So you will forgive us if we take a small segue [SEG WAY] into the absurd or at least the light hearted. We pay stock brokers, financial advisors and the like a fair chunk of our investment portfolio for their supposedly sage advice. They spend fortunes telling us how good they are at making us money but usually they are much better at making themselves money, whether we make any or not.
So I love this story. A 5 year old parrot named Strawberry…. Yes you heard me right I said "Parrot"...as in the "Polly want a cracker variety"...came in 3rd in a recent stock investment contest with a return of almost 14% on her portfolio.
In these days of world recession and all time low interest rates, I would happily accept a 14% return on my investments.
What this suggests to me is that stock market investing is really no different that gambling. The stock market is a crap shoot and the average guy’s odds of winning or losing are probably just as good with a professional advisor, employing a psychic or asking your friendly neighbourhood pet shop parrot.
For those of you who are interested, I have developed an almost fool proof method of making money in the stock market. Empirically it works about 97% of the time. It is really quite simple. Whatever I do...do the opposite. Trust me. It is a proven method.
We would very much like to hear what you think of financial advisors, and stock market investing.
