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Old 03-30-2011 | 04:45 PM
  #62981  
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DAL 88 Driver
At home on the maddog!
 
Joined: Mar 2009
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From: Retired (mandatory age 65)
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Originally Posted by Pineapple Guy
Does Snider have a recommended minimum account balance to begin? Can this be done with $100k?
The minimum is $25K. Although I'm a little hesitant to recommend it at that level. You would only have one position at $25K up to (I think, off the top of my head) about $80K. If you happened to get unlucky and get a position that went into a long winter, it would be pretty frustrating. The method puts you into an ETF in a one position account so as to eliminate the possibility of bankruptcy. Honestly, I don't know of anything else I would recommend in place of the method. I'd probably still do it at that level. But I'm a little squeamish recommending it to someone else with a small account. With $100k, you'd probably have two positions, maybe three. That gets more into my comfort zone.