sowwy

 

damnit, now I need to listen to some Dire Straits

 

Nice, hypothetically who would you use to manage your investments, and hypothetically how much would someone need to get started?

 

i used wellsfargo private client services / wells fargo PMA cause i gets me all my other banking stuff (checks, wires, transfers, etc) free, but you can start investing with any amount of money.

etrade, scotttrade type services are good for purchasing stocks / futures / options. it really all depends on your level of comfort. if you want a hands off approach that you can throw money at for later in life just find a descent mutal fund. most mutual funds with have a minimum buy in between $2000-10000.

2 of my accounts are controlled by a money manager which means i work with an adviser to determine my level of exposure in the areas i'm investing in. for example, of account consists entirely of domestic mid and high cap companies while the other is small and medium cap foreign companys (split 40% europe, 30% asia, 30% TBD by the advisor as he sees fit). it allows allows me to control my level of exposure in different sectors (ie, energy, tech, oil, manufacturing).

on a smaller scale its easy for the individual investor to mirror the breakdown of large mutal funds asset allocations and use them as a guideline for investing.

my general rule of thumb that i pass along to just about everyone i know is that i never let myself get more than 5k invested in a single company, but thats because i got absolutely murdered on Lucent.

 

Just curious why you chose $5,000. Was that based on a percentage of something else? Or just what you're comfortable to "lose" (part of)?

 

It's a percentage of what this baller makes in a day...

 

If IX made over $250k a year, I don't think he'd be here.

 

I'll tell you what. If i ever made that much in a year, I'd be still be working.
I would get bored if i didn't work.

 

maybe I'll get a paper check this week.

 

it's pretty funny that i-club is that associated with work. I meant I doubt he'd be driving a LGT.

 

Guys that owns my company drives an envoy & wears levis

Worth $100+ million dollars

 

it seemed like a good number. and i'm a very habitual person.

 

the only other car i want costs less than an LGT


but your right... ive never made 250k in a year.

but i did have to right a 62k check to the feds one year...

 

baller. I never learned how to right.

 

i only got 300
I only made 13500 taxable income last year, due to 8 months of tax free pay

that sucks