Thread: Advice for a investment newbie...

Your already making a lot of basic mistakes. Do yourself and your nerves a favor - find a really good, honest FC. It's not easy to do, but it is possible.

Originally Posted by Shawnny

Your already making a lot of basic mistakes. Do yourself and your nerves a favor - find a really good, honest FC. It's not easy to do, but it is possible.

Not exactly helpful. Maybe pointing his mistakes out or guiding him towards a good and honest FC would help.

hey send me an email kunal@bullson.ws i got ebooks on trading, investing, almost anything. Like 500 of them! i been collecting them for 10 years!

hey send me an email kunal@bullson.ws i got ebooks on trading, investing, almost anything. Like 500 of them! i been collecting them for 10 years!

and dont give up! its very admirable you want to take charge of your finances and your future. Its a suckers bet to put your money in someone else's hands. Nobody else is responsible for you and your family except you! your the man of the house its good to take charge and learning this all at an early age is very commendable

Originally Posted by KingNikan

Not exactly helpful. Maybe pointing his mistakes out or guiding him towards a good and honest FC would help.

I think it's very helpful. I believe there are three professionals that each person should seek out, till they find the ones that will fill their needs. Those three professionals are: a Dr., an attorney and a CFP or FC. Good, knowledgeable and honest people in these fields are hard to find. But, once you find them, they will become invaluable members of your team that you will follow, know matter where they go.

I would gladly point him towards my FC, as I believe he is as good as anyone out there. But, my FC and I are in CA and the OP is in Ohio. I could ask, but I don't think my FC can help him. Also My FC doesn't like to take on small accounts.

run awau from the market!! USA and Europe are fvcked and there is nothing anyone can do. The Euro and Dollar are both going to collapse at some point. Faith and hope in these have disapeared. good luck though

Originally Posted by Sir Robbins

run awau from the market!! USA and Europe are fvcked and there is nothing anyone can do. The Euro and Dollar are both going to collapse at some point. Faith and hope in these have disapeared. good luck though

That's why you need a good FC. They will make you money in any economic environment.

Originally Posted by Shawnny

I think it's very helpful. I believe there are three professionals that each person should seek out, till they find the ones that will fill their needs. Those three professionals are: a Dr., an attorney and a CFP or FC. Good, knowledgeable and honest people in these fields are hard to find. But, once you find them, they will become invaluable members of your team that you will follow, know matter where they go.

I would gladly point him towards my FC, as I believe he is as good as anyone out there. But, my FC and I are in CA and the OP is in Ohio. I could ask, but I don't think my FC can help him. Also My FC doesn't like to take on small accounts.

Any sources you'd recommend to find a good FC? Or any tips as in recognizing whether the FC is honest and knowledgeable? Any signs to avoid a FC?

Originally Posted by KingNikan

Any sources you'd recommend to find a good FC? Or any tips as in recognizing whether the FC is honest and knowledgeable? Any signs to avoid a FC?

Do a Google search for - How to find a good financial consultant. And start reading. Also you can check their records with the SEC and other organizations. Also, ask friends and family who they use.

Originally Posted by Sir Robbins

run awau from the market!! USA and Europe are fvcked and there is nothing anyone can do. The Euro and Dollar are both going to collapse at some point. Faith and hope in these have disapeared. good luck though

This is actually some of the best times to make money. Back in the collapse of 2008 I made our clients more money than any other year. Actively managing your shorts and longs is a good thing....buy and hold was dead in 2001.

any tips as in recognizing whether the FC is honest and knowledgeable? Any signs to avoid a FC?

Watch them for a few weeks/months to see how they do. Ask for free trials, free insight to what they are trading, etc. Most will give it to you if they are not with a larger corporation where they can't divulge everything. It's better to spend a few hundred dollars trying to watch how an advisor acts/trades than to end up losing thousands because you didn't wait a few months.


To the original poster...I have some PDF files also of trading books, trading advice etc if you want them. You can PM me if you would like and I can send you an email with them. Good luck with your adventure here. This is definitely one of the hardest industries to be successful at, if not the hardest in the world. Take the time to learn and trade simulated before you go in with real money. It will definitely save you some of your cash. Also make sure you study up on technical analysis and know it like the back of your hand. IMO it is the only way to make money in the markets, and 99% of the professionals I know are technical traders, not fundamentalists.