In the video link here Lee Munson of Portfolio Wealth Advisors welcomes the show of regulatory force against High Frequency Traders, but warns investors against thinking Wall Street has suddenly become a safe place for investing naifs.
Wall Street “has never been safe for nearly 400 years. Why should it be safe now? This is always going to be a pit of vipers.”
Investors are all too aware of the risk. Stocks have been sitting near record highs for three months but according to a recent Gallup poll fewer than half of the country thinks putting money in stocks is “a good idea.”
A lack of confidence in Wall Street is a serious problem. Not for the vipers and wolves, they obviously do fine with or without Main Street investors. In fact the entire gist of the HFT scandal is that it’s largely a matter of institutions stealing from one another.
It’s never been easier or cheaper for individual investors to invest. The problem with the anger and distrust is that it’s kept too many Americans from investing during one of the great bull markets in history. Stocks have doubled in five years while most of the country stood on the sidelines.
The answer to what ails your investments isn’t taking down High Frequency Traders. Hanging the HFT thieves will be satisfying but it won’t help you retire.
Investing for the long haul is still the safest, smartest way to build wealth. Everything else is a sideshow.
If you would like more information about how Lee Munson and the team at Portfolio Wealth Advisors can secure your financial future – just pick up the phone and call him. 505.884.3445