To all the members of the Fairway Fan Club,

First I want to express my gratitude and appreciation to all the members of the Fan Club for the out pouring of your gifts, visits, calls, cards, letters and loving concern shown me during my recent illness and on going recovery.  My family and I cannot put into words how much it meant to us the way you rallied to me in my greatest time of need.

I would like all of you to know that the feeling of concern is mutual. I feel like the well being of my former students is confirmation that all the years of my exhaustive efforts in the teaching profession did not go in vain.

When I think of the well being of my former students a few things that I have already experienced quickly come to mind. Things like retirement, illnesses, and child rearing are to name a few.

Now that I have been retired for a while I have had the  opportunity to study financial issues that have direct bearing on me, my wife, and others I care about the most. Needless to say that includes everyone in the Fairway family. Because you are so near and dear to me I feel compelled to share my findings that are quite disturbing.

 While I was in the hospital looking at the many gifts you had sent me, it occurred to me that what ever happens to me can also happen to you as well. All the issues and circumstances that I have faced in life may also be things you may one day have to face. I have been fortunate, thanks to my son and some very good advice; I have avoided many potential disasters. But, I feel there is still much work to be done. I say this because when I was you’re teacher I always tried to instill more than just reading, writing, and arithmetic. I tried to teach things that I thought would better prepare you to face the challenges that life would ultimately throw your way. Now it is decades later and I am yet in the mind set of sharing with you things I feel you need to know. 

I have become a member of Wall Street Insight. Www.WallStreetInsight.net Wall Street Insight is a free to join financial educational social network aimed at rebuilding trust between members of the general public and members of the financial professional community. This is done through education and counseling. Www.WallStreetInsight.biz I have studied much of the information provided by Wall Street Insight and it has brought some circumstances to light that are in need of serious attention.

Wall Street Insight is Wall Street's only dedicated social network and it has evolved into a powerful organization. While I am only a member, I do have a fair amount of influence over the policy makers of the company. Moreover, the management of Wall Street Insight has assembled a wide array of behavior modification tools and techniques that are ready to be administered to members of the financial community and the general public. Many of these techniques may cause some discomfort, but they will ultimately benefit everyone involved.

At this point, I would like to present some of the disturbing issues that have come to my attention to you the members of the Fairway Fan club. I am interested to hear what you have to say about the topics I am about to discuss.

1. We at Wall Street Insight have examined the facts and ran the numbers several times. We have very strong reasons to believe that the mutual fund and retirement accounts of the vast majority of Americans are being secretly raided by the very people we are suppose to trust, the money managers. We have found very few people in the working class that are able to avoid the seepage (theft). Everyone from police officers, executives, office managers, teachers, nurses, state employees, county employees, city employees, airplane pilots, and truck drivers just to name a few are being affected very negatively. In many cases the hidden damage is estimated in the tens if not hundreds of thousands of dollars per person. This angers me because these finance managers are already making huge sums of money and get bailed out when they need it. For them to steal money from the everyday hard working people that do not earn those large pay checks or get bailed out is simply an outrage. To add insult to injury, these money managers have actually employed lobbyist, which are no more than common thugs, to forcefully maintain the status quo that enables them to continue to steal. I feel as if something needs to be done to protect the innocent hard working person trying to save for their future.

2. Wall Street Insight has studied the performance of a certain group of money managers. These money managers are consistency scoring in some cases as little as 10 on scale of 1 to 100. This in my mind is no different than the math exams we all used to take in school. If you do not score at least 60 on an exam you are considered failing and in need of some sort of additional assistance designed to help you increase your score. If the person managing your money post a score like 10, 20,or 30 on an exam where 60 is the lowest possible passing score we would also say that manager needs some sort of remediation. What really disturbs me is these same failing money managers are earning pay checks that rival professional athletes, coaches, performers, and actors who are under constant pressure to perform well. How is it these money managers are not put under the same pressures to perform well at their jobs like the rest of us living in the real world? In my opinion these failing money managers will need to find a way to improve performance if they want to continue to earn the large pay checks. Otherwise we must find more talented money managers. I feel it is insane to pay a money manager top dollar when they are repeatedly failing. We must make it easier for these failing money managers to get help because if they perform well the everyday investor that has money in those same managed accounts will benefit.

3.  We at Wall Street Insight have also discovered financial advisers are actually collecting fees for keeping their clients in these failing funds. With this type of arrangement in place it is hard to believe these advisers we trust actually have our best interest at heart. There needs to be some sort of motivating mechanisms put in place, designed to encourage financial advisers to pressure the failing money managers to better perform. If these advisers insist on making a living of off us, their clients, then they need to be able to speak on our behalf when it is time. Under the present circumstances that are the least they can do.

As I mentioned earlier Wall Street Insight is about to implement initiatives designed to change the behavior of the bad players I speak about in this letter. I would like to know how you feel about these issues, so I am soliciting your feedback. I have the ear of the Wall Street Insight decision makers. Before I advise them on how they should proceed I would like to hear what the members of the Fairway Fan Club have to say about the information that I shared in this letter.

Please take some time to listen to the videos, form your thoughts, register on Wall Street Insight and express your opinions on my Wall Street Insight blog page. I will share with the company decision makers whatever you have to say.

http://www.youtube.com/channel/UCLbUeKNbuuEKgQbHTioyp6Q/playlists

http://www.youtube.com/channel/UCLbUeKNbuuEKgQbHTioyp6Q

Thank You,

Mr. Norman

 

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