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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

69.0. "Commodities? Where to look?" by ISLNDS::HUTNICK () Tue Feb 18 1992 12:45

    I've always been told to "be careful of commodities" , "You got to know
    what you're doing", "with every person's loss there is an equal
    person's gain". et al.
    
    So why can't I learn what commodities are all about and be successful at
    it.? Does anyone know of a notesfile that talks about commodities
    regularly or a note in this or another file? Even if you want to call.
    I'd appreciate all information. Thanx
    
    Mark

T.R	Title	User	Personal Name	Date	Lines
69.1	British American newsletter	MPGS::DONADT		`Tue Jan 26 1993 12:17`	24
	Not too long ago, I received a booklet in the mail from a firm called British American out of San Ramon, Calif., authored by Ken Roberts. This literature partially describes a commodities futures trading method that the author claims is very safe. There are claims of big profits and occasional small losses. This did get my interest, but remembering hearing about futures trading being very risky I decided to get a book out of the library and learn a little more about commodity futures. Part of the scheme these people use is pyramiding, or parlaying. My understanding is that this method can indeed be very profitable but on the otherhand, you can lose your shirt if the market goes against you quickly. I suspect there is some type of hedging used in the Brit/AM scheme, but it was not disclosed in their booklet. Has anyone heard of this firm, used their method or have any information on how they can make commodity futures trading "safe"? I'm skeptical. Ray
69.2		SDSVAX::SWEENEY	Patrick Sweeney in New York	`Tue Jan 26 1993 12:40`	10
	There is no free lunch. Anyone with a "foolproof" scheme for making money in any market wouldn't be about to reveal it to anyone else. The commodities market involves a number of trades or transactions which are not "securities" and therefore are often less regulated, less disclosure rules, etc. This is where a lot of ripoff artists are out there trying to scam people. Not every marketing pitch that reaches you or me is going to be a scam, but I've yet to learn of one that was legitimate.
69.3		VMSDEV::HAMMOND	Charlie Hammond -- ZKO3-04/S23 -- dtn 381-2684	`Tue Jan 26 1993 14:45`	4
	RE: 69.1 There is discussion of British American in note 286. I suggest taking further discussion there.