For your consideration: Profit From The Société Générale News And ETrade.com Global Trading

So lots of people are talking about Societe Generale and the trader who cost them nearly 7.2 billion. We, at the Money Kings, decided to take a closer look at this issue today, because we smell a chance to make money on any temporary loss felt by SocGen due to the recent news mania.

The media blitz regarding SocGen’s supposed tragedy reads more like a piece from a mystery novel instead of actual business news. The perpetrator, Jerome Kerviel, now bears the honor of having his picture and life story all over the tube, the paper and the net. Lucky him. He’ll now be in Wikipedia forever.

He supposedly comes from a second tier family in France, according to the Chicago Tribune. Yes, you heard us correctly: a second tier family. What? You didn’t know? France has an inbred class system. First tier family members should only have had the access, control, experience and education to do that which Kerviel is accused. How shocking! Blah. Blah. Blah. This guy has now joined the ranks of celebrity.

Forget Kerviel. Forget the hype. Forget seeing his photo everywhere. Let’s talk about how maybe we all should consider buying shares in France’s second largest bank. Kerviel or not, SocGen isn’t going anywhere soon. Sounds like “buy and hold” to The Money Kings.

Now, SocGen’s share trade (from their web site @ www.socgen.com) “Société Générale's shares are listed on the Paris Stock Exchange (deferred settlement market, continuous trading group A, share code 13080) and on the Tokyo stock exchange. They are also traded in the United States under an American Depositary Receipt (ADR) program.”

In order to actively trade these shares you’ll have to open a global-based trading account preferably with an online broker. Give ETrade.com Global a try. You’ll be able to trade in Canada, UK, Germany, Japan, Hong Kong and, of course, France. You’ll also be able to convert 5 different currencies.

Right now, The Money Kings, recommends this anytime you see too much negative media hype about one particular company: Read between the lines. Follow the fundamentals. In this particular case, with an ETrade.com Global account, you might just be able to pick up some discounted shares for greater future earnings!

Good luck out there.

The Money Kings

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