[5391] in Central_America
Re: New quotes for Fri Apr 8
wesommer@ATHENA.MIT.EDU (wesommer@ATHENA.MIT.EDU)
Fri Apr 8 21:53:40 1994
> So Hillary hit it rich once in beef futures. So what?
Well, last I heard, they hadn't completely disclosed the records of the
cattle futures trading; all that had been released was the day-to-day
changes in the cash balance in her account, and not the individual
trades which were made (which could be correlated with the market
prices on the day to determine whether the trades were at, below, or
above market rates..).
Also, the initial investment of $1000 was reportedly below the minimum
margin required ($1200 or $1500) to get started.
source: a recent WSJ editorial.
BTW, most individuals who invest in commodities futures lose money (as
opposed to common stocks, where most people make money in the long
term..)
