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Rattlesnake Arch
Social climber
Home is where we park it
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Nov 29, 2011 - 02:36pm PT
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Cramer was (at hedge fund) and to a certain extent a momentum player, it's just a small gain and if you have more than a ten day hold time frame, pretty meaningless.
Certainly Cramer was small potatoes, thats probably why he went to TV. But if he is capable of generating volatility and profiting from it, you can bet there are much bigger players that also are doing this. In fact my belief is that much of the recent trading range volatility is not due to Europe, or macroeconomics, or any fundamental issue.
One can envision the Big Boys creating volatility to generate profits for their own accounts.
Fine, but not with my $400k.
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Rattlesnake Arch
Social climber
Home is where we park it
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Nov 29, 2011 - 02:44pm PT
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BTW I don't have $400k to invest - fun to talk about though.
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Jingy
climber
Somewhere out there
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Nov 29, 2011 - 05:57pm PT
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We don’t invest in nukes.
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BigNick
Trad climber
Los Angeles
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Nov 29, 2011 - 06:44pm PT
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The currency of the future is food (as it has been in the past), which is much more palatable then land or gold. I invest in high production, localized, urban food systems that exceed organic standards and can function off the water grid. Yes, urban farming is viable and conforms to the pillars of the triple bottom line. Come to LA for a farm tour!
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Gorgeous George
Trad climber
Los Angeles, California
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Nov 30, 2011 - 12:13am PT
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Sustainable housing from agricultural waste (I.e. Straw) see www.enviroboard.com
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Rattlesnake Arch
Social climber
Home is where we park it
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Nov 30, 2011 - 06:34am PT
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a fee-based RIA (Registered Invesment Advisor) has his interests aligned with the client by charging a fee based on the amount of a client's assets under management
Sounds good,Inner City. Couple questions.. what would the annual fee be on $400k? Could one expect to beat the S&P ??
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FRUMY
Trad climber
SHERMAN OAKS,CA
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Nov 30, 2011 - 11:40am PT
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RATTLESNAKE ARCH -- I started my investing with $50 in 1973. It's not about how much you have but the homework you put into it.
A few people here have good ideas. But most miss the target. It does not matter big investment house - small house. IT MATTERS WHAT YOU BUY.
Gold, Silver, or tinfoil are wothless TO ME - they don't pay dividends.
For many years I bought & sold Aluminum. Because I could by it dirty @ 10 cents a pound & sell it cleaned at 40 - 80 cents a pound. Cost of cleaning averaged 10 cents a pound.
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blahblah
Gym climber
Boulder
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Nov 30, 2011 - 11:41am PT
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Sounds good,Inner City. Couple questions.. what would the annual fee be on $400k? Could one expect to beat the S&P ??
Since the vast majority of invested money is professionally managed, why would you think that any particular manager will exceed average returns?
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Reilly
Mountain climber
The Other Monrovia- CA
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Nov 30, 2011 - 11:43am PT
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Short the Euro - TODAY!!!!! You'll retire before the end of next month.
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Inner City
Trad climber
East Bay
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Nov 30, 2011 - 11:55am PT
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"What would I pay"--most RIA's charge in the neighborhood of 1 percent of your assets under management per year.
"Should I expect to beat the S and P 500?" Tough question. As the S and P is an equity index, if you were someone with an extremely high risk tolerance and young of years, you could conceivably beat the S and P with the right allocation. But, it is too difficult for me to say given all the variables.
I know what I don't know (which is a lot!)
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JLP
Social climber
The internet
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This thread is full of horse sh!t advice.
Reality check: most of you are in debt. You've never had 400k to invest and you never will.
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FRUMY
Trad climber
SHERMAN OAKS,CA
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Dude what better advice than 14000 cans of sardines.
These people will complain about anything.
& it doesn't matter how miuch you have -- if you follow step 1 & 2 you'll be able to, in time buy all the sardines you need.
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MikeL
climber
SANTA CLARA, CA
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In these economic times, it would make sense to pay off debt as fast as one can. I know money is cheap, but equities' volatility is high, and bonds are lackluster. Sure, American treasuries still sell at a premium, but the global political and economic risks are unpredictable, at best. What has gone around financially in markets will come around for the U.S. sooner or later. The U.S. can no longer remain immune to global financial impacts. We're all in this together now.
Last, most of the readers here are probably old'ish: 6-12 months' worth of liquid funds will be important. Simply put: age is risky; you can be sure that something unpleasant is coming your way. (In today's world, one might want to redouble that warning.)
Pay-off the home or debt, and then one can dream a little more easily.
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