:) jiggreen

If you've given them a credit card number, you might also want to call your credit card company and see if you can block the charge. I'm not sure that'll work, but it's worth a try.

This is so bad, so very bad. I feel sorry for people who get suckered like this.

I think if I had an extra $3000 to lose (throw away), I'd buy some Outback Steak House, or some other wonderfully fabulous consumable that I like myself.

I suggest getting and reading Investing for Dummies, and have him read and memorize the second chapter, Investment Fundamentals, Risks and Returns before anything else, if he wants to do his own picking of investments. This will give him the basics, and there are lots of wonderful investing tools for little or no cost.

Money Magazine is a good read also.

Sounds like he could easily become a day trader, which I think of as a an on line daily gambler with the market.

Be careful. Don't put too many eggs in any one basket.

Diversify, diversify, diversify.

Sue

Did he get it cancelled?

Has he tried any investing 'on his own'?

Vicoub,
Are you sharing your back-up copies for free?
Are you comfortably investing on your own?

Welcome to Garden Web. I see you just joined today!

Sue...again

Yes, I'm interested, too - did you get the contract cancelled? I hope.

Does your husband know how to spell, "l i b r a r y"?

They can show him some good materials to learn about investing.

Maybe read some of my posts here, as well - they're free.

Tell him to put his $3,000. into buying, e.g. JNJ, or some other stock relating to stuff that people use even during a recession.

Or some of one or two of the cheapest stocks paying the highest dividends on the Dow-Jones 30 Industrial Average.

Too bad he hadn't started a few years ago - stocks are on sale now ... he'd be ready.

Few mutual fund managers are able to beat the growth rates of the part of the market averages to which their funds relate - if they have all of the professional skill that they talk so much about - how come we don't see a better record of growth?

Yes - stocks are on sale now ...

... while they may be on fire sale later, who knows.

Not much fun having your taxi arrive at the station to see the train pulling out ... with you not on it.

So, buy some shares now ... and a few after a few months, then wait a few months and buy some more.

The market will likely bounce around for several false starts before it begins an ongoing ascent, again. I doubt whether the recovery will be as early as many expect, or as speedy, or as robust.

But I don't like getting 2% or so on my money from the bank, losing about 0.5% to income tax ... and 2 - 3% to inflation ... and when I see the recent price changes in the stores, I figure that they've been fiddling with the criteria that they use to calculate it.

Canadian banks are well regulated and in good shape, so maybe it'd be a good idea to buy some of them? Or a pipeline?

Good wishes for increasing skill in managing our money: income and assets. It's a great hobby ... and *it pays well*!

ole joyful