Saturday, January 3, 2015

There is no free lunch unless you live in a cave for the last 10 years.

It is quite unfair to the SA authors. If you do not like it, do not access SA and end of story.

Yes, there are some articles that may not be good for your financial health such as 'pump and dump'... similar to the other financial sites. However, SA has far less than its share. Many articles are very good.

Most authors promote themselves and try to sell you something. If the authors depend solely on what SA pays, there will be no articles.

The lesson is you have to think whether the article makes sense and fits your investing requirements. You will not be successful in anything in life if you just follow without doing your own home work.

BTW. The wash sales does not allow you to take the current loss, but allows you to add to the cost basis on your current holding.

My broker charges me $4.95 per trade (after negotiation). Actually one account has many free trades by depositing $50K in that account.

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