Friday, June 30, 2017

Doing The Guilt Trip thing

I HAD SOME MONEY in a money market fund, under the management of my stockbroker, who gets paid by me, but not much, since I don't have much money. I told him that I wanted to move some of it into a more aggressive, more lucrative investment. He presented me with three possible options: a real estate fund, a financial services fund, and an investment involving an eighteen wheel truck broker. All three looked appealing. The transportation investment appealed the most to me, since it involved less of a time based commitment, and yielded higher dividends more rapidly. My broker agreed. So enthusiastic was he in fact that he offered to invest in a truck with me, fifty fifty. Meanwhile, his broker-dealer parent company found out about his participation, informed him that it was not permissible according to his contract with the firm, and proceeded to investigate him. He denied all involvement, hired an attorney, resigned from the brokerage firm, and continued with the investment. He began conducting all business in cash, in order to avoid leaving a money trail and to hide his participation in the forbidden investment. He borrowed three thousand dollars from me, in cash, to assist in his participation. Ironic, my stockbroker, borrowing money from me, and laundering it. Then, the investment collapsed. The trucking broker absconded with our money, claiming no fault of his own, claiming that there was simply a money flow problem, and that it would shortly be resolved. It wasn't. My broker and I decided to file a police report, hoping the D.A. would file criminal charges. I suggested to my broker that he himself might share some responsibility for my financial disaster, by virtue of his having introduced and recommended the flawed investment to me in the first place, asked him his opinion, and he and his wife threw me out of their house, rudely, I thought. Violence, directed at me, for asking a simple, straightforward, and perfectly relevant question. Then, my guilt kicked in. How dare I question my broker, a friend of mine, and his professional competence! How dare I even suggest that his professional conduct might have been less than perfect, that he might have introduced and recommended to me an investment without knowing enough about it and the person offering it! My cup runneth over with guilt. Cat guilt, blood guilt, and now, financial guilt. All of it unwarranted, all of it nonsense. (see articles pertaining to cat guilt and blood guilt below) Where will it ever end? Alas, it ends with girl guilt, in a forthcoming article.

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