Thought For The Day

  • Thought For The Day

    Watching Investments

    I told my Pastor (at the Church I attend) I have decided to pull my investment port-folio from Goldman-Sachs since the resignation of Greg Smith, Goldman Sachs’ head of equity derivatives business in Europe, the Middle East and Africa. ABC News reported he “wrote a scathing op-ed in the New York Times on Wednesday as part of his resignation, saying the firm has lost its way and is ripping off its clients.” They are surely going to miss my $300 carefully placed in the European derivatives market over the past few years. If other investors, like me, pull their funding, Goldman Sachs may not last long. Of course the Company is denying any…