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In a message dated 7/17/01 4:32:06 AM Central Daylight Time,
nwinski@xxxxxxxxxxxxxxx writes:
<< I
think the time for Beans either has arrived or it is just around the corner.
Forget high tech stocks. It's time to buy Beans for the kid's college fund.
>>
****** I would not consider a "kid's" college fund to be risk capital. The
money used to speculate in futures should only be risk capital, money you can
afford to lose. Savings for college would not apply in my book.
****** If you were a broker and put out that recommendation you would be
opening yourself up to all kinds of litigation should the recommendation not
work out to the client's satisfaction. Litigation you would lose.
****** Many brokerage firms will not even accept accounts under the Uniform
Transfer to Minors Act, which is how you would have to set up an account if
the money was in the minor's name.
****** Perhaps you were kidding, thus the <G>. I don't think this medium is
clear enough to express such nuances accurately. Thus, I think your
statement is at best ill conceived and at worst highly inappropriate.
Nothing personal Norman, but what where you thinking?
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it! John J.
Lothian is the President of the Electronic Trading Division of The Price
Futures Group, Inc., an Introducing Broker.
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