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Old 08-17-2007, 09:03 AM
  #11  
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How many of you use fund managers? How do they charge? Do they just take a % of the money they make you? I've always been solo. Currently I'm sitting on small-mid cap areas but my next buy will be a large cap. Haven't found one I'm wanting to get yet. Will be a couple months before I do. Right now I'm a little to aggressive but until I can spread more out it looks like I'll just have to hold tight lol. I've never even spoken with a fun manager so I'm curious as to what they offer and how they charge.
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Old 08-17-2007, 01:30 PM
  #12  
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Originally Posted by Pilot41 View Post
So are you telling me you're a millionaire? Must be easy. The only ones getting rich on that show are the ones producing it.

Are you saying no one has gotten wealthy from saving and investing wisely over the long haul using mutual funds?
Not yet. The ones on the show are already rich. All I'm saying is that mutual funds are almost never the best option. To each their own.

Originally Posted by vagabond View Post
Must be getting old, but I am a "buy and hold" kind of girl, I favor the old reliables like Boeing (and yes, I also own FedEx which was way down today), and I believe in Uncle Warren by also owning a few shares of Berkshire Hathaway. I do own shares of my beloved Alaska Airlines, but with the price so low, I'm a little ashamed to admit it now.
Your Berkshire Hathaway is the class A stuff right?

Powerball is $210 million for Saturday's drawing.
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Old 08-17-2007, 01:49 PM
  #13  
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My daddy made me read "The Smartest Investment Book You'll Ever Read" by Daniel R. Solin... he pretty much talks about how Index Funds are the best. Specificially mentioning Vanguard and Fidelity if I remember correctly.

except, what do I know, the only investment I have is ONE share in Southwest

oh yeah, and I'm going to win that powerball too.
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Old 08-17-2007, 04:32 PM
  #14  
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I read a book called "The Wealthy Barber" and it said just the opposite, to use mutual funds. Either way the main thing is to save and live in your means. I should make the club next year depending on the market by using mostly mutual funds. Remember if it was so easy with stocks every stock broker would be a very rich man who did not have to work for you. Also, I do not try to time the market during down times I am just buying the good funds I researched cheaper.

Just my 2 cts. Either way you have to save first!!

Also, the realtor selling the get rich books on TV says he is rich also. Do not believe evey thing you see on TV.

Originally Posted by JMT21 View Post
Not yet. The ones on the show are already rich. All I'm saying is that mutual funds are almost never the best option. To each their own.



Your Berkshire Hathaway is the class A stuff right?

Powerball is $210 million for Saturday's drawing.
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Old 08-17-2007, 06:09 PM
  #15  
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Originally Posted by JMT21 View Post
Your Berkshire Hathaway is the class A stuff right?

Powerball is $210 million for Saturday's drawing.
There are some things you just don't ask a woman - her age, her weight and her Berkshire Hathaway shares.

Well, I don't know about the rest of us little guys, but here's what the Associated Press had today.

NEW YORK - The president and chief executive of a division of package delivery company FedEx Corp. sold 9,800 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, David F. Rebholz reported he sold the shares Tuesday for $109 to $109.38 apiece.
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Old 08-18-2007, 01:33 PM
  #16  
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Originally Posted by ToiletDuck View Post
What do some of you think? I was up a little over 17% for the current year. That's on a small group of stocks I've purchased on the side since I've been working here at RAH. No idea what my long term ones are doing. The market is plunging which for younger investors could be a good thing allowing some to get in while the market is down. For those getting ready to retire it could hurt dramatically.

What say you on where we stand? My EWA (iShares Australia) has dropped $4.00 today alone. Any of you selling or holding out to see what happens?
At your age you should be getting in the habit of maxing out your 401K to company match. Then Roth IRA. If you can still afford to invest max out the 401K to the IRS limit.

I wouldn't play with putting money into stocks starting. You'll get better returns with disciplined 401K and Roth IRA investing.

If you can and are making good on the market. Its time for a second / side career.

-LAFF
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Old 08-18-2007, 02:02 PM
  #17  
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LAFF, what kind of "second / side career" you talkin bout?
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Old 08-18-2007, 02:51 PM
  #18  
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Buy, Buy, Buy, puts occasionally and calls.... I'm long this week on GRS, XJT, USG, BBI, all trading at low PE's and with solid book value.. Vector Vest will make you rich~ That's all i'll say.
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Old 08-20-2007, 04:40 AM
  #19  
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Originally Posted by mcartier713 View Post
LAFF, what kind of "second / side career" you talkin bout?
Certified financial planner. Its an industry worth looking into.

For the record- I can't have a second job because the AF won't allow it.

PM Skyhigh and pick his brain. He's a smart guy and he won't lead you wrong. His montorship has helped me see aviation is best kept as a hobby and not as a primary occupation.

-LAFF
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