Class at 3sintel :
CLASSROOM--
2:51 PM [jonnywg] BARELY INVOLVED: let a financial planner, brokerage house advise you. You tell them your level of risk, and they set you up.
YOU WILL HOWEVER NEED TO BE AWARE OF ECONOMIC CYCLES.
MODERATELY INVOLVED: Your brokerage house/financial planner has set you up with his/her ideas and some of your ideas, and you are prepared to "buy insurance" (put options) when there is a major market downturn. You are also aware of economic cycles and when to swap out of certain securities and into others.
ACTIVELY INVOLVED: You know which securities (stocks, bonds, etf's) you want to own and are trained to spot market downturns and insure your portfolio, or at least tell your PM (portfolio manager) to buy the puts for you. A brokerage house that deals with high net individuals will have this level of ac
2:51 PM [jonnywg] above is just an intro to help
2:55 PM [classroom] I have been an options/ stock trader for over 8 years on my own. I took many years of training from a local billionaire who made all of his money in the stock market. He used to be a blue collar worker.
I AM NOT LICENSED TO GIVE FINANCIAL ADVICE. HOWEVER, I HAVE LEARNED ALOT. AND HAVE SOME GOOD INFO FOR YOU. IF YOU WANT TO BASH ME WAIT UNTIL AFTER I GIVE THE INFO. THANKS. THE FOLLOWING WILL BE MY OPINIONS BASED ON MY TRAINING AND EXPERIENCE.
...
Read More Link On Right
CLASSROOM--
2:51 PM [jonnywg] BARELY INVOLVED: let a financial planner, brokerage house advise you. You tell them your level of risk, and they set you up.
YOU WILL HOWEVER NEED TO BE AWARE OF ECONOMIC CYCLES.
MODERATELY INVOLVED: Your brokerage house/financial planner has set you up with his/her ideas and some of your ideas, and you are prepared to "buy insurance" (put options) when there is a major market downturn. You are also aware of economic cycles and when to swap out of certain securities and into others.
ACTIVELY INVOLVED: You know which securities (stocks, bonds, etf's) you want to own and are trained to spot market downturns and insure your portfolio, or at least tell your PM (portfolio manager) to buy the puts for you. A brokerage house that deals with high net individuals will have this level of ac
2:51 PM [jonnywg] above is just an intro to help
2:55 PM [classroom] I have been an options/ stock trader for over 8 years on my own. I took many years of training from a local billionaire who made all of his money in the stock market. He used to be a blue collar worker.
I AM NOT LICENSED TO GIVE FINANCIAL ADVICE. HOWEVER, I HAVE LEARNED ALOT. AND HAVE SOME GOOD INFO FOR YOU. IF YOU WANT TO BASH ME WAIT UNTIL AFTER I GIVE THE INFO. THANKS. THE FOLLOWING WILL BE MY OPINIONS BASED ON MY TRAINING AND EXPERIENCE.
...
Read More Link On Right
I have traded the wildest momentum stocks, but now am looking forward to boring dividend yields and INCOME FOR LIFE so i can ride off into the sunset with my love. (aka retire)
2:56 PM [classroom] FIRST DECIDE HOW INVOLVED YOU WANT TO BE WITH YOUR INVESTMENTS.
BARELY INVOLVED: let a financial planner, brokerage house advise you. You tell them your level of risk, and they set you up. YOU WILL HOWEVER NEED TO BE AWARE OF ECONOMIC CYCLES.
2:57 PM [classroom] MODERATELY INVOLVED: Your brokerage house/financial planner has set you up with his/her ideas and some of your ideas, and you are prepared to "buy insurance" (put options) when there is a major market downturn. You are also aware of economic cycles and when to swap out of certain securities and into others.
2:57 PM [classroom] ACTIVELY INVOLVED: You know which securities (stocks, bonds, etf's) you want to own and are trained to spot market downturns and insure your portfolio, or at least tell your PM (portfolio manager) to buy the puts for you.
A brokerage house that deals with high net individuals will have this level of active involvement available. You know when to re-allocate your assets (adjust your stuff). You might even follow your stocks, etfs and ride their ups and downs with options, making more money as they go up AND DOWN.
There are many ways to learn this. But it can be stressful. This would entail serious commitment and training from local or national teachers, (some online brokers have excellent educational programs for free others have paid training/coaching programs like options Xpress which is now owned by Charles Schwab.) If people are interested in my teacher, I could ask him if he would like referrals.
But THIS IS NOT FOR EVERYONE AND TAKES TIME AND DISCIPLINE TO LEARN HOW TO TRADE/INVEST WITHOUT EMOTION.
2:58 PM [classroom] KNOW THIS the stock market has predictable cycles of up and down. The stock market is based on FEAR AND GREED and memory. There is usually a bank/crisis of some kind every ten-ish years. There is usually a crash or major correction (downturn) every ten-ish years.
2:59 PM [classroom] DIVERSIFY WITH DIVIDEND PAYING STOCKS and CORPORATE BONDS.
3:01 PM [classroom] Go to yahoo finance and search the top holdings of the LQD this is an etf of corporate bonds (debt) I plan to own the debt of financials and a few other goodies in there. You will be surprised at the coupon (like a dividend) yields!!!!!
Stable high dividend yielding stocks: think utilities, consumer staples (stuff you eat, have in your laundry and bathroom, medicine cabinet and tobacco yeah yeah i know...) preferably companies that have good business in china and india .
Same with conglomerates. (GE and Honeywell are conglomerates, companies that have alot of businesses) healthcare, master limited partnerships (oil/gas pipelines and storage) And maybe a tech stock. Most tech stocks don't pay dividends.
However there are a few that do and don't move much. The danger there is new technology trends may pass them by. You will want to choose companies that are in good shape with the potential to increase their dividend over time.
3:02 PM [classroom] Another good diversification is retirement income producing funds like from vanguard or fidelity. They will have names like lifetime strategy fund, etc. Some brokerage firms will let you buy anyone's products Very low risk with 3% yield. Mostly bonds.
Many brokerage websites let you enter your risk tolerance and they will generate suggestions for you. But always talk to a human when making the final decision.
3:02 PM [classroom] Depending on what you invest in, you will get income monthly or quarterly which if not in an IRA is taxable income. Please Don’t ask me tax questions, I am not a tax pro…
.REINVEST YOUR DIVIDENDS. Live off the interest, and live within your means. LEARN ABOUT MUNICIPAL BONDS, GOLD SILVER, ANNUTIES LAND AND REAL ESTATE.
3:03 PM [classroom] RESOURCES FOR LEARNING: It is important to know about the companies you invest in. you can follow them on yahoo finance, but if you’re really serious you’ll want a pay site called briefing.com. that’s what the pros use.
Has a wealth of different kinds of info from recaps of the market, technicals and fundamentals and earnings calendars, analysts ratings, commentary…sector and entire market outlooks. Cnbc.com is a good resource plus you can watch some of their educational shows online like fast money and mad money (Jim Cramer’s very popular show) options action and money In motion. Cramer has good books, too . Thank you. And prosperous peace out to all.
3:04 PM [rosebud] Do you recommend "insured" municipal bonds?
3:04 PM [classroom] I AM JUST NOW LEARNING ABOUT MUNI'S MYSELF BUT I WILL BE ALL OVER THEM BECAUSE OF THE TAX FREE-NESS
3:05 PM [classroom] YOUU WILL WANT TO PICK REGIONALLY STRONG ECONOMIES LIKE TEXAS NORTH CAROLINA VIRGINIA AND UTAH
[classroom] ONLY TAX FREE STUFF I KNOW OF IS MUNIN'S . YOU WILL HAVE TO PAY TAXES ON ALL CAP GAINS STOCKS OR BONDS
[classroom] MUNI'S SORRY
[precious] What is the pro and con of a tax free municipal bond?
[classroom] BONDS ARE LOWER RISK GENERALLY THAN STOCKS, BUT AS I SAID ABOVE THOSE ARE ALL THE SAFETY PLAY, UTILITIES, ETC FROM ABOVE
[classroom] CON LOWER YEILD
[classroom] PRO NO SATE OR SOMETIMES FED TAXES
[wildwest25] would you reccommend using the wealth management services locally from a wf or chase or someone in new york like goldman sachs
[classroom] STATE
[classroom] WFC IS GOOD I SPOKE WITH THEIR PERSONAL BANKER INVESTOR LAST WEEK
[classroom] GOLDLEN SLACKS IS FOR SUPER HIGH NET FOLKS WHICH SOME OF YOU WILL BE
[classroom] JPM MORGAN CHASE IS EXCELLENT TOO
[dancing bear] do you have a a specific investment letter you like excluding WSJ
[classroom] DENNIS GARTMAN HE IS THE COMMODITY KING
[classroom] IT'S CALLED THE GARTMAN LETTER
[classroom] I MAY HAVE MISPELLED HIS NAME SORRY
[MsMarple] For an over 60 "Barely Involved" super high net investor, where do I find the "experts" to do all of this for me . . who only make money if they make me money yet safeguard (guarantee) my principal?
[.Katt] WHAT IS WFC AND GOLDMAN SACHS ?
[classroom] EVEN THO THEY HAVE BEEN BASHED IN THE MEDIA GOLDEN SLACKS IS THE CREME DE LA CREME OF SMART INVESTING
[classroom] SORRY JARGON WELLS FARGO AND GOLDMAN SACHS
[.Katt] Ty
[classroom] I LIKE SCHWAB IF I COULD SPELL IT THEY ALSO HAVE ACTIVE INVOLVEMENT FOR HIGH NET WORTH FOLKS
[RocketFuzz] Will the welth management teams at the banks be adequate to get us started until we can get better educated on making our own investments?
[classroom] ALSO CHECK OUT THE LOW RISK MOSTLY BOND FUNDS I MENTIONED EARLIER LIKE FROM VANGUARD OR FIDELITY
[classroom] I WOULD NOT GO WITH A LITTLE BANK'S INVESTMENT ADVICE....WELLS FARGO, JPMORGAN CHASE AND SCWAB ARE VERY GOOD
[classroom] THERE GOES THAT PESKY LITTLE H AGAIN!!!
[wildwest25] my real question is would you invest locally where u can meet and interact on a personal level with your manager or allow someone out of state that has a good reputation handle it.
[classroom] LOCAL EDWARD JONES AND WELLS AND SCHWAB AND THERE ARE OTHER SMALLER KNOWN INVESTMENT HOUSES LOCALLY THAT WOULD BE GOOD, WHAT I MEANT WAS IF MY BANK IS SUNTRUST OR FIRST BANK OFJOE'S TOWN I WOULD STEER CLEAR. THERE ARE PLENTY OF GOOD LOCAL BROKERAGE HOUSES
[classroom] OOPS WHAT IF YOU LIVE WAY OUT IN THE COUNTRY...
[classroom] THEN GO WITH A REPUTABLE NAME LIKE ABOVE
[FRIEND3] What will the Capital Gains Tax Rate be on the cash in of the Dinar?
[classroom] OH MAN I WISH I KNEW!
[pmw1973] what kind of net would you need to be considered by goldman sachs ?
[classroom] I DO NOT KNOW EXACTLY SORRY
[classroom] BUT YOU CAN CALLL THEM AND ASK. AS OF TARP THEY ARE A BANK NOW
[bogeyboy] Aren't Muni bonds only tax free from State taxes if you live in the State where the bonds are purchased.
[classroom] SEE ABOVE I'M A MUNI NEWBIE
[from ~ jodi] I have been told that in the event of an economic downturn, the bondholders are paid before the stockholders...do you know if this is true?? Thank you ~~
[classroom] IT SURE HAPPENED WITH GM DIDN'T IT?
[classroom] THAT'S SUPPOSED TO BE GENERAL MOTORS
[mrsjim54] hi, what do you know about master limited partnership high-yield divi stocks? friend of mine is recommending those to me as havng between 13 and 18% yield, and 15% fed tax (think mitt romney lol )
[classroom] I DO NOT KNOW IF THAT WOULD BE TRUE IN EVERY CASE
[classroom] HOPEFULLY YOU WOULD RESEARCH YOUR COMPANY FOR IT'S VIABILITY....ABILITY TO DO GOOD BIZ
[drizz] How much in fees do we pay if we have someone who manages our account? Can the fees be negotiated?
[classroom] MLP'S I AM JUST LEARNING ABOUT SOME HAVE OTHER TAX RISKS....TWO I KNOW OF THAT ARE GOOD ARE KMP KINDER MORGAN PARTNERS THE MOST POPULAR ONE AND ENTERPRISE PRODUCT PARTNERS
[misskitty] In the event an investor is using multiple advisors, do you have any suggestions as to how to effectively coordinate the advice from those muliple sources? Should there be a lead advisor? Should they have periodic conference calls about the investors overall portfolio? What are best practices here?
[classroom] NOT ALL MLP ARE WELL POISITIONED FOR FUTUE GROWTH
[classroom] FEES THE WAY I LOOK AT IT IS THEY DESRVE TO PROSPER FOR HELPING ME OUT SO I WILL PAY THE FEE. SOME BROKERAGES ADVERTISE LESS FEES SO LOOK FOR THAT
[classroom] MULTIPLE ADVISORS CC SOUNDS GOOD IF THEY ARE FOR IT CAN I TAKE YOUR IDEA?
[Lil General] Why not Suntrust?
[classroom] EHHHH
[classroom] I JUST DON'T HAVE A GOOD FEELING ABOUT THEM
[misskitty] How are investment advisors typically paid? Is it on a flat fee/retainer basis, commission per trade basis or otherwise. What is the preferred approach and what pitfalls should we look for? Is this a negotiable point?
[classroom] IT DEPENDS ON WHETHER THEY ARE FINACIAL PLANNER OR BROKERAGE HOUSES AND YOU COULD CALL AND ASK THEM. I DON'T KNOW THE EXACT ANSWER TO YOUR QUESTION
[divinegrace] what is the average fee of a broker and is it paid out only when there is a gain or also if there is a loss?
[classroom] I WOULD PREFER A BROKERAGE HOUSE OVER A FINANCIAL PLANNER. BUT IF YOU KNOW SOMEONE WHO IS GOOD BY ALL MEANS GO WITH THEM
classroom] BROKER FEES NOT MY KNOWLEDGE BASE SORRY
[from ~ jodi] I had thought that I preferred multiple advisors, as well...I didn't want any one entity knowing my total worth. Then it occurred to me that I would need a CPA at tax preparation time anyway, so, what would you sugguest, since I now see that you like that idea?? Thanks again!!!
[classroom] I DO KNOW THEY MAKE MONEY WHETHER YOU WIN OR LOSE
[classroom] I HAVE MULTIPLE ADVISORS
2:56 PM [classroom] FIRST DECIDE HOW INVOLVED YOU WANT TO BE WITH YOUR INVESTMENTS.
BARELY INVOLVED: let a financial planner, brokerage house advise you. You tell them your level of risk, and they set you up. YOU WILL HOWEVER NEED TO BE AWARE OF ECONOMIC CYCLES.
2:57 PM [classroom] MODERATELY INVOLVED: Your brokerage house/financial planner has set you up with his/her ideas and some of your ideas, and you are prepared to "buy insurance" (put options) when there is a major market downturn. You are also aware of economic cycles and when to swap out of certain securities and into others.
2:57 PM [classroom] ACTIVELY INVOLVED: You know which securities (stocks, bonds, etf's) you want to own and are trained to spot market downturns and insure your portfolio, or at least tell your PM (portfolio manager) to buy the puts for you.
A brokerage house that deals with high net individuals will have this level of active involvement available. You know when to re-allocate your assets (adjust your stuff). You might even follow your stocks, etfs and ride their ups and downs with options, making more money as they go up AND DOWN.
There are many ways to learn this. But it can be stressful. This would entail serious commitment and training from local or national teachers, (some online brokers have excellent educational programs for free others have paid training/coaching programs like options Xpress which is now owned by Charles Schwab.) If people are interested in my teacher, I could ask him if he would like referrals.
But THIS IS NOT FOR EVERYONE AND TAKES TIME AND DISCIPLINE TO LEARN HOW TO TRADE/INVEST WITHOUT EMOTION.
2:58 PM [classroom] KNOW THIS the stock market has predictable cycles of up and down. The stock market is based on FEAR AND GREED and memory. There is usually a bank/crisis of some kind every ten-ish years. There is usually a crash or major correction (downturn) every ten-ish years.
2:59 PM [classroom] DIVERSIFY WITH DIVIDEND PAYING STOCKS and CORPORATE BONDS.
3:01 PM [classroom] Go to yahoo finance and search the top holdings of the LQD this is an etf of corporate bonds (debt) I plan to own the debt of financials and a few other goodies in there. You will be surprised at the coupon (like a dividend) yields!!!!!
Stable high dividend yielding stocks: think utilities, consumer staples (stuff you eat, have in your laundry and bathroom, medicine cabinet and tobacco yeah yeah i know...) preferably companies that have good business in china and india .
Same with conglomerates. (GE and Honeywell are conglomerates, companies that have alot of businesses) healthcare, master limited partnerships (oil/gas pipelines and storage) And maybe a tech stock. Most tech stocks don't pay dividends.
However there are a few that do and don't move much. The danger there is new technology trends may pass them by. You will want to choose companies that are in good shape with the potential to increase their dividend over time.
3:02 PM [classroom] Another good diversification is retirement income producing funds like from vanguard or fidelity. They will have names like lifetime strategy fund, etc. Some brokerage firms will let you buy anyone's products Very low risk with 3% yield. Mostly bonds.
Many brokerage websites let you enter your risk tolerance and they will generate suggestions for you. But always talk to a human when making the final decision.
3:02 PM [classroom] Depending on what you invest in, you will get income monthly or quarterly which if not in an IRA is taxable income. Please Don’t ask me tax questions, I am not a tax pro…
.REINVEST YOUR DIVIDENDS. Live off the interest, and live within your means. LEARN ABOUT MUNICIPAL BONDS, GOLD SILVER, ANNUTIES LAND AND REAL ESTATE.
3:03 PM [classroom] RESOURCES FOR LEARNING: It is important to know about the companies you invest in. you can follow them on yahoo finance, but if you’re really serious you’ll want a pay site called briefing.com. that’s what the pros use.
Has a wealth of different kinds of info from recaps of the market, technicals and fundamentals and earnings calendars, analysts ratings, commentary…sector and entire market outlooks. Cnbc.com is a good resource plus you can watch some of their educational shows online like fast money and mad money (Jim Cramer’s very popular show) options action and money In motion. Cramer has good books, too . Thank you. And prosperous peace out to all.
3:04 PM [rosebud] Do you recommend "insured" municipal bonds?
3:04 PM [classroom] I AM JUST NOW LEARNING ABOUT MUNI'S MYSELF BUT I WILL BE ALL OVER THEM BECAUSE OF THE TAX FREE-NESS
3:05 PM [classroom] YOUU WILL WANT TO PICK REGIONALLY STRONG ECONOMIES LIKE TEXAS NORTH CAROLINA VIRGINIA AND UTAH
[classroom] ONLY TAX FREE STUFF I KNOW OF IS MUNIN'S . YOU WILL HAVE TO PAY TAXES ON ALL CAP GAINS STOCKS OR BONDS
[classroom] MUNI'S SORRY
[precious] What is the pro and con of a tax free municipal bond?
[classroom] BONDS ARE LOWER RISK GENERALLY THAN STOCKS, BUT AS I SAID ABOVE THOSE ARE ALL THE SAFETY PLAY, UTILITIES, ETC FROM ABOVE
[classroom] CON LOWER YEILD
[classroom] PRO NO SATE OR SOMETIMES FED TAXES
[wildwest25] would you reccommend using the wealth management services locally from a wf or chase or someone in new york like goldman sachs
[classroom] STATE
[classroom] WFC IS GOOD I SPOKE WITH THEIR PERSONAL BANKER INVESTOR LAST WEEK
[classroom] GOLDLEN SLACKS IS FOR SUPER HIGH NET FOLKS WHICH SOME OF YOU WILL BE
[classroom] JPM MORGAN CHASE IS EXCELLENT TOO
[dancing bear] do you have a a specific investment letter you like excluding WSJ
[classroom] DENNIS GARTMAN HE IS THE COMMODITY KING
[classroom] IT'S CALLED THE GARTMAN LETTER
[classroom] I MAY HAVE MISPELLED HIS NAME SORRY
[MsMarple] For an over 60 "Barely Involved" super high net investor, where do I find the "experts" to do all of this for me . . who only make money if they make me money yet safeguard (guarantee) my principal?
[.Katt] WHAT IS WFC AND GOLDMAN SACHS ?
[classroom] EVEN THO THEY HAVE BEEN BASHED IN THE MEDIA GOLDEN SLACKS IS THE CREME DE LA CREME OF SMART INVESTING
[classroom] SORRY JARGON WELLS FARGO AND GOLDMAN SACHS
[.Katt] Ty
[classroom] I LIKE SCHWAB IF I COULD SPELL IT THEY ALSO HAVE ACTIVE INVOLVEMENT FOR HIGH NET WORTH FOLKS
[RocketFuzz] Will the welth management teams at the banks be adequate to get us started until we can get better educated on making our own investments?
[classroom] ALSO CHECK OUT THE LOW RISK MOSTLY BOND FUNDS I MENTIONED EARLIER LIKE FROM VANGUARD OR FIDELITY
[classroom] I WOULD NOT GO WITH A LITTLE BANK'S INVESTMENT ADVICE....WELLS FARGO, JPMORGAN CHASE AND SCWAB ARE VERY GOOD
[classroom] THERE GOES THAT PESKY LITTLE H AGAIN!!!
[wildwest25] my real question is would you invest locally where u can meet and interact on a personal level with your manager or allow someone out of state that has a good reputation handle it.
[classroom] LOCAL EDWARD JONES AND WELLS AND SCHWAB AND THERE ARE OTHER SMALLER KNOWN INVESTMENT HOUSES LOCALLY THAT WOULD BE GOOD, WHAT I MEANT WAS IF MY BANK IS SUNTRUST OR FIRST BANK OFJOE'S TOWN I WOULD STEER CLEAR. THERE ARE PLENTY OF GOOD LOCAL BROKERAGE HOUSES
[classroom] OOPS WHAT IF YOU LIVE WAY OUT IN THE COUNTRY...
[classroom] THEN GO WITH A REPUTABLE NAME LIKE ABOVE
[FRIEND3] What will the Capital Gains Tax Rate be on the cash in of the Dinar?
[classroom] OH MAN I WISH I KNEW!
[pmw1973] what kind of net would you need to be considered by goldman sachs ?
[classroom] I DO NOT KNOW EXACTLY SORRY
[classroom] BUT YOU CAN CALLL THEM AND ASK. AS OF TARP THEY ARE A BANK NOW
[bogeyboy] Aren't Muni bonds only tax free from State taxes if you live in the State where the bonds are purchased.
[classroom] SEE ABOVE I'M A MUNI NEWBIE
[from ~ jodi] I have been told that in the event of an economic downturn, the bondholders are paid before the stockholders...do you know if this is true?? Thank you ~~
[classroom] IT SURE HAPPENED WITH GM DIDN'T IT?
[classroom] THAT'S SUPPOSED TO BE GENERAL MOTORS
[mrsjim54] hi, what do you know about master limited partnership high-yield divi stocks? friend of mine is recommending those to me as havng between 13 and 18% yield, and 15% fed tax (think mitt romney lol )
[classroom] I DO NOT KNOW IF THAT WOULD BE TRUE IN EVERY CASE
[classroom] HOPEFULLY YOU WOULD RESEARCH YOUR COMPANY FOR IT'S VIABILITY....ABILITY TO DO GOOD BIZ
[drizz] How much in fees do we pay if we have someone who manages our account? Can the fees be negotiated?
[classroom] MLP'S I AM JUST LEARNING ABOUT SOME HAVE OTHER TAX RISKS....TWO I KNOW OF THAT ARE GOOD ARE KMP KINDER MORGAN PARTNERS THE MOST POPULAR ONE AND ENTERPRISE PRODUCT PARTNERS
[misskitty] In the event an investor is using multiple advisors, do you have any suggestions as to how to effectively coordinate the advice from those muliple sources? Should there be a lead advisor? Should they have periodic conference calls about the investors overall portfolio? What are best practices here?
[classroom] NOT ALL MLP ARE WELL POISITIONED FOR FUTUE GROWTH
[classroom] FEES THE WAY I LOOK AT IT IS THEY DESRVE TO PROSPER FOR HELPING ME OUT SO I WILL PAY THE FEE. SOME BROKERAGES ADVERTISE LESS FEES SO LOOK FOR THAT
[classroom] MULTIPLE ADVISORS CC SOUNDS GOOD IF THEY ARE FOR IT CAN I TAKE YOUR IDEA?
[Lil General] Why not Suntrust?
[classroom] EHHHH
[classroom] I JUST DON'T HAVE A GOOD FEELING ABOUT THEM
[misskitty] How are investment advisors typically paid? Is it on a flat fee/retainer basis, commission per trade basis or otherwise. What is the preferred approach and what pitfalls should we look for? Is this a negotiable point?
[classroom] IT DEPENDS ON WHETHER THEY ARE FINACIAL PLANNER OR BROKERAGE HOUSES AND YOU COULD CALL AND ASK THEM. I DON'T KNOW THE EXACT ANSWER TO YOUR QUESTION
[divinegrace] what is the average fee of a broker and is it paid out only when there is a gain or also if there is a loss?
[classroom] I WOULD PREFER A BROKERAGE HOUSE OVER A FINANCIAL PLANNER. BUT IF YOU KNOW SOMEONE WHO IS GOOD BY ALL MEANS GO WITH THEM
classroom] BROKER FEES NOT MY KNOWLEDGE BASE SORRY
[from ~ jodi] I had thought that I preferred multiple advisors, as well...I didn't want any one entity knowing my total worth. Then it occurred to me that I would need a CPA at tax preparation time anyway, so, what would you sugguest, since I now see that you like that idea?? Thanks again!!!
[classroom] I DO KNOW THEY MAKE MONEY WHETHER YOU WIN OR LOSE
[classroom] I HAVE MULTIPLE ADVISORS
