Wealthy San Marino teens urged to give up iPods for eTrade

Full story: Pasadena Star-News

A Pasadena financial consulting group wants to turn mall crawling teens into thoughtful "shepherds" of their family legacies.

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richard Monterey Park, CA	Reply » \| Report Abuse \| Judge it! \| #1 Sep 18, 2010 They try to train them to be next Bernard Madoff. Kids should instead teach them the value of life instead of only greed.
whittier guy AOL	Reply » \| Report Abuse \| Judge it! \| #2 Sep 18, 2010 richard wrote: They try to train them to be next Bernard Madoff. Kids should instead teach them the value of life instead of only greed. reread the article. you missed the point
tyb stuck in cali El Monte, CA	Reply » \| Report Abuse \| Judge it! \| #3 Sep 18, 2010 Actually with an Ipod you have something tangible-as we all learned with the stock market/real estate meltdown,$$ can vaporise overnight. These 'ADVISORS" just want to sign up families for their business-they keep the fees regardless of how the stocks they pick end up. Real advice would be to tell people to only put $$ in FDIC insured checking/savings accounts-anything else is gambling....
Really San Gabriel, CA	Reply » \| Report Abuse \| Judge it! \| #4 Sep 19, 2010 You have to take risks to make money. It's not gambling, if the risk/reward profile is skewed in your favor.
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