Posted by Observer [hendricks] on October 30, 1999 at 18:37:41 {G0PnT/qYmkKXEKSkVakwYYuWjGb576}:
In Reply to: 2 BUSTED from the GB posted by ros4GB on October 30, 1999 at 16:56:22:
To GB Member:
Please clarify a number of your comments.
3% interest is certainly not enough to compensate for the effects of inflation historically. Who supplied you with this information?
You mentioned that the Society encouraged short-selling. Could you please provide me with the referenced journal(s) (Awake or WT, etc.)? For short-selling is extremely risky business, and you could lose your "shirt" as any serious student (investment analysts/bankers/traders, et al) of Investment & Portfolio Management will tell
you. It is highly unlikely that an ordinary publisher will have the financial resources to short-sell, and that the conservative Society would recommend it (I could be mistaken!). Actually, a more reasonable way to take a negative position in a security is through "put" and "call" options.
Are you saying that mutual funds managers manage the society's investment portfolio(s)? Please advise.
Unless I am mistaken, I do not understand how senior staff elders and members of the governing body monitor and handle the society's investments at the NYSE? Please clarify.
Regarding some of your other comments, I will let those pass. But I am puzzled by some of your references to portfolio and money management and would appreciate an explanation. Thanks.
Observer