World's First Investment & Financial Terms Translation Service Formed

(PRWEB) November 10, 2003

Over 400 Americans who participate in 401ks were asked how, if at all, the recent mutual funds scandal might affect them. 81% responded not at all. “Most weren’t aware of the scandal. Even if they were it wouldn’t matter much. Because 76% of them have no confidence in what they think a mutual fund is and most aren’t aware that the primary ingredients in their 401k plans are mutual funds,” states Tom McNeill CEO of the newly formed WallSt2MainSt.com Investment and Financial Terms Translation Service.

WallSt2MainSt offers a CD with over 3200 Main Street translations of investment and financial terms, an animated tutorial explaining 401ks and a How to Read the Financial Pages tool. The service also offers customers unlimited access to personal ‘as needed’ investment and financial terms translations.

For more information please visit WallSt2MainSt.com

“It’s unrealistic to expect the average American to adopt the language of investing into their everyday vocabulary. Yet, online trading has turned nurses and firemen into day traders. Tens of millions have 401ks without a clue as to how they work and the behavior of management at places like Enron, WorldCom and Montana Power has demonstrated the importance of understanding the language - even if all you do is work for a publicly traded company.”

The company also offers 401k Sponsoring companies a free online survey that tests the confidence levels of thier employees when it comes to understanding investment and financial terminology.

McNeill cites the "as needed" feature of WallSt2MainSt as it’s most compelling benefit. “We provide easy access to explanations of terms and phrases on an ‘as needed’ basis. If what you’re looking for isn’t on the CD you can come to the website and ask for a Personal Investment Terms Translation from our PITT CREW.”

“Would you bet on a horse if you didn’t know the meaning of the word furlong or play blackjack if you didn’t know what double down meant? Millions of Americans put their retirement and financial security on the line everyday with little or no confidence in their own idea of what the words mean. Financial news sources provide reports affecting all of us that most of us never read, watch or listen to. Why? Because, up until now, when money talked there was no one around to translate.”

# # #