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07-01-2013, 07:52 PM | #2 |
Dazed and Confused
Join Date: Jan 2002
Location: Somewhere Out There
Casino cash: $1630500
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m, no...do your research, I'm just trying to help.....I'm out
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Posts: 15,814
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07-01-2013, 07:53 PM | #3 |
Supporter
Join Date: Sep 2000
Location: Hollywood, CA
Casino cash: $10053648
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Buy low, sell high (and I don't mean stoned)
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Posts: 88,960
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07-01-2013, 07:54 PM | #4 |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
Casino cash: $1371084
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Posts: 15,062
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07-01-2013, 07:58 PM | #5 |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $10049239
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Posts: 24,946
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07-01-2013, 07:58 PM | #6 |
In Search of a Life
Join Date: Aug 2008
Casino cash: $1694497
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If you are unsure, then just buy a SPYDER fund or a safety stock with a high dividend like GE.
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Posts: 48,551
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07-01-2013, 08:02 PM | #7 |
Supporter
Join Date: Sep 2000
Location: Hollywood, CA
Casino cash: $10053648
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This. They have to follow "company rules", rarely think for themselves and usually don't have a clue where to put your money (Emerging markets, foreign, domestic companies, etc.).
I've said it before and I'll say it again, it's a scam. And there's no guarantee whatsoever that the money you invest wil be there in three, four or five years, let alone 20. |
Posts: 88,960
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07-01-2013, 08:02 PM | #8 |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $10049239
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If you aren't willing to put in the effort to properly analyze stocks then you should stay away from individual stocks.
Also, a good sell discipline is essential. Average retail investors actually do reasonably well at picking stocks. The difference between them and the pros is sell discipline and portfolio management. |
Posts: 24,946
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07-01-2013, 08:02 PM | #9 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1491900
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I'm assuming you have some sort of 401k/Roth Mutual fund and are just looking to supplement that with higher risk/reward options?
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Posts: 45,689
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07-01-2013, 08:03 PM | #10 |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
Casino cash: $1371084
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You have to find someone with excellent referrals and build a relationship with them. If they're good, they realize they work for you and profits for you is how they get paid. Have you ever worked with a financial advisor or are you speaking out of your ass.
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Posts: 15,062
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07-01-2013, 08:05 PM | #11 | |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $10049239
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Quote:
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Posts: 24,946
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07-01-2013, 08:06 PM | #12 | |
Supporter
Join Date: Sep 2000
Location: Hollywood, CA
Casino cash: $10053648
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Quote:
Most good financial advisers that I know have a $2 million dollar minimum initial investment requirement. |
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Posts: 88,960
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07-01-2013, 08:07 PM | #13 |
Debunking your bullshit
Join Date: Aug 2002
Location: KC area
Casino cash: $4890315
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Posts: 52,592
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07-01-2013, 08:08 PM | #14 | |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
Casino cash: $1371084
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Quote:
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Posts: 15,062
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07-01-2013, 08:08 PM | #15 |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $10049239
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I work in the industry. Our advisors sell the product I work on. We tell them what they can say and how they can say it (and our advisor base has a higher financial knowledge than most). Just about every financial advisor works off of a software package that tells them what they should recommend you. They are sales people.
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