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How badly is Wall Street cheating you?

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Cross-posted from TradingWithCody.com where I post all my personal trades in real-time.

How much faith do you have in the system of stocks, trading and investing on Wall Street?

Do you believe that it’s only a matter of time before the money that you think you have in your E-Trade, Schwab, Morgan Stanley, Merrill Lynch, Goldman Sachs, etc stock account is plundered like those of MF Global and Peregrine?

How much faith do you have that the price of oil, gold and most every other commodity and derivative product on the planet aren’t manipulated and rigged on a daily basis like that of LIBOR?

How much faith do you have that your deposits at Wells Fargo,  Bank of America or  JP Morgan are really going to be there when you go to pull out every last dollar?

How much faith do you have that the endless “debt crises” from the financial sector and/or Europe will magically fix itself with quantitative easing and bond buy backs and so on and so forth?

How much faith do you have that you aren’t being cheated on every trade you do by high-speed frequency trading computers that are front-running your every order and glitches in the system like that of Facebook’s first trading day and/or yesterday’s intraday trading snafus?

I’m being sincere in asking these questions. Please send me your answers to support@tradingwithcody.com or comment in the comments section below.

Cody Willard writes Revolution Investing for MarketWatch and posts the trades from his personal account at TradingWithCody.com. At time of publication, Cody was net long Facebook and net short MS. Follow Cody on twitter at http://twitter.com/codywillard.

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Cody Willard

Cody Willard

Founder, CEO & Chairman at Wall Street All-Stars, LLC
Cody Willard is the founder of Wall Street All-Stars and the principal of CL Willard Capital. Cody serves as an adjunct professor at Seton Hall University and writes TradingWithCody.com. He was an anchor on the Fox Business Network, where he was the co-host of the long-time #1-rated show on the network, Fox Business Happy Hour. He wrote a monthly investment column for The Financial Times as well as columns for TheStreet.com and was a regular guest on CNBC’s Kudlow & Company from 2004 to 2006. Cody’s stock picking ideas and economic outlooks have been featured on NBC’s The Tonight Show with Jay Leno, ABC’s 20/20, CBS Evening News, CNBC’s SquawkBox, Jon Stewart’s The Daily Show, as well as in the Financial Times, Wall Street Journal, New York Times, and many other outlets.
Cody Willard
Cody Willard

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