Declare Your Financial Independence
Wednesday, October 24, 2007 | Dylan JovineRating:
LET ME START OFF BY SAYING THAT YOU'RE NOT LOOKING AT AN ACTUAL PICTURE OF ME.What you're looking at is an impression of me - how I want to look. In short, you're looking at a ten year-old picture of me. Add ten years more of stress, late night work missions, late night dinners, an occasional cigarette habit, a recently acquired wine habit (thanks, Ben), and what do you have?
A man who looks in the mirror and is shocked at what's looking back at him: a 50-lbs. heavier version of his former self with a few gray hairs and lines on his face.
So, why did I use an old picture of myself in the first place? Because I've been working with the team here at Tycoon on a secret project. A project that has kept me so busy that I haven't even had time to sit down for a photo!
But the truth is that what we've been working on is much more than just a project - it's more like a WAR ... or better yet, a REVOLUTION.
If you're anything like me (sometimes referred to as "bitter", "miserable", or "sarcastic"), I know what you're thinking: "That's a lot of smack to be talking, Jovine."
It sure is ... but that's how confident I'm feeling as this project gets closer to completion. I'm beaming with pride ... we're all beaming with pride!
But before you write this off as hyperbole, you need to understand exactly where you sit today as an individual investor in the history of the markets:
Key Dates in the Evolution of the Individual Investor
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From the signing of the Buttonwood Agreement to the rampant schemes of Jay Gould to the Panic of 1907 to the Securities and Exchange Agreement of 1934 through the 1973-74 Bear Market, Individual Investors didn't even have a chance. |
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On May 1st, the Securities and Exchange Commission (SEC) banned fixed minimum commission rates after a long and nasty battle with the Wall Street “establishment”. This gave rise to discount brokers like Charles Schwab, who rushed to offer trades for a fraction of the price. For the very first time ever, the balance of power began to shift from Wall Street to the hands of individual investors. |
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The Netscape IPO awakened the world to the power of the Internet. But the impact on investors in particular was profound and immediate because it ushered in an era of online trading. Not only did online trading lower trading costs, but investors now had access to incredible amounts of information to help them make more informed investment decisions. |
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Previously, market data had been delayed 20 minutes. But now investors were able to trade using the most up-to-date and accurate pricing information. NYSE began taking steps toward quoting stock prices in decimals (as opposed to fractions). This lowered transaction costs further as the “bid price” and the “ask price” of stocks narrowed significantly. |
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In his 1.4 billion dollar settlement with 10 of Wall Street’s largest brokerage firms, Elliot Spitzer, the New York State Attorney General, found that the essential purpose of research, which is to give untainted investment advice, had become utterly corrupted. In effect, corporations paid the new bank/brokerage firms billions of dollars in investment banking and loan fees. What the corporations received in return was positive analyst coverage on their stocks, whether it was warranted or not. Left holding the bag were average, everyday investors who had invested billions of hard-earned dollars based on misplaced trust in the Wall Street establishment. |
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For the first time, investors were able to get investment advice directly from experienced Wall Street professionals with proven track records. No brokerage commissions. No hedge-fund fees. No investment banking relationships. No hidden charges. And no funny business (like journalists pretending to be professional investors). Just proven experts providing unbiased investment advice, free of charge (The Tycoon Report), or for a flat subscription fee (Fallen Angel Stocks, Point and Profit, The Trend Rider, etc.). |
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No longer will you need to pay for investment advice. From this moment forward, you will declare your financial independence as you learn the secrets to making money on 80% of all of your trades. Of course that means that over time, you will no longer need to pay firms like ours for investment advice. But that's OK ... we have enough money already. And since we can’t stop evolution, we may as well be trend setters. |
Watch your inbox for tomorrow morning's Tycoon Report to find out more details!
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Dylan Jovine
Contributing Editor
The Tycoon Report
