Still Think a Small Cap is a Hat That Won't Fit?
WallSt2MainSt Offers Investment Translation Service
Manasquan, NJ PRWEB) September 23 2003-- For decades Tom McNeill has helped others manage their finances and prepare for a more comfortable retirement. Like many whove been formally educated in the world of finance, he was comfortable using the terminology of the industry in describing the upside and downside potential of investment opportunities to his clients.
I'd talk about no-loads and small caps to a dentist or auto mechanic and this glassy, semi-glazed expression would cross over their faces. Words we use in the investment world are words everyone has heard a million times so people think they know what they mean. We visited the online financial terms glossaries to but found definitions articulated with more Wall Streetspeak. So one had to look for definitions of the definitions!"
Thats when McNeill, along with his partners decided to form WallSt2MainSt Incorporated and launched WallSt2MainSt.com. The site offers a small business card size CD called the WallSt2MainSt Translator. Wall Street firms, financial editors even President Bush talks about the importance of educating the investor. We think, for millions of Americans, the education needs to start with a clear understanding of the terminology itself. Which is where WallSt2MainSt.com and the Translator come in. Its a great little tool. It has over 3000 Main Street translations of Wall Street terms and phrases. It also includes a very simple animated guide that explains how 401ks work and a How to Read the Financial Pages tool."
The company also has a PIT CREW that offers Personalized Investment Translation services at no extra cost to those who register on the site.
The personal translation service is huge. Once youve registered on the website you'll have access to direct, one-on-one translations of words not found on the CD. You can even ask for clarification of terms or phrases that are on the CD and ask for translations of terms or phrases found in articles and in the news. Its important for people to understand that we do not offer financial advice. Just pure and simple Main Street translations of Wall Street-Speak."
The website also has its own no-holds-barred online newsletter called The WallSt2MainSt Journal. Its like Wall Street Week meets Jerry Springer. We take the gloves off and welcome Main Street investors, Wall Street experts and the press to jump in the ring."
The team got its inspiration from the financial news headlines. When you stop to consider the effect Enron, WorldCom, Montana Power and others have had on Main Street America, its amazing. The people who hurt the most live on Elm Street, Walnut Ave and Main Street. They're school teachers, police officers and store managers who still think a convertible is a car and a small cap is a hat that doesnt fit. They've been told that they are 'participants' in their 401k and that the money they put into the account is a 'contribution.' Bottom line is this, if E.F. Hutton were still around to speak today -- wed be available to translate."
###
|