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Old 03-30-2011 | 06:21 PM
  #62994  
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DAL 88 Driver
At home on the maddog!
 
Joined: Mar 2009
Posts: 2,874
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From: Retired (mandatory age 65)
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Originally Posted by hockeypilot44
What is cash flow while you own the stock? Dividends? So buy good stocks with dividends? Got it.
Nope. You haven't "got it." If you care to read back over all the posts on this subject today, you should be able to get a better idea about how it works. I don't want to waste everyone else's time with it at this point.


Originally Posted by hockeypilot44
In all seriousness, I know nothing about investing. I just ragging on this method a little bit. $2500 seems like a lot for a two day workshop. It really does seem like one of those TV ads.
I understand. Everyone should analyze things with somewhat of a skeptical eye. As pilots, I think this is our nature and part of what keeps us safe. $2500 is a lot of money. I wouldn't recommend that anyone spend that much money to take an investment class unless they had really done their homework on it. But just to put it in perspective... $2500 is less than one month's yield in my DPSP/401k. And I don't pay anybody to manage my accounts. I pay commissions to Fidelity on the trades... which are minimal in the grand scheme of things because I only trade one day per month and it's not a huge number of trades. I pay $30 to Snider Advisors in months that I use their stock screener to open new positions (I find that I'm paying this most months but not every month). And $10 to be a client of Snider Advisors and have their customer support (which I can count on one hand the number of times I've needed in 6 years). Other than that, there are no costs... anything I get is all gravy. I consider that $2500 the best investment I have ever made. But that's just what I have determined for myself. I'm not trying to tell you what to think. I really didn't even mean to get dragged into this long of a discussion on the topic (partially my own fault for trying to be helpful).

Originally Posted by hockeypilot44
On a different note, I had a friend give me a bottle of Mona Vie. That stuff tastes horrible. I would rather drink 2 oz of scotch twice a day. According to wikipedia, the health benefits might be about the same.
The Snider Method is not a scam. I am confident of that. But if you think it is, then don't worry your pretty little head about it... cause you don't have to do it!