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re: Tips for a Young Investor

Posted on 10/10/13 at 4:57 pm to
Posted by JumpingTheShark
America
Member since Nov 2012
23401 posts
Posted on 10/10/13 at 4:57 pm to
Having a knack for investing will always stick with you, but while you are still in school you can get the proper academic background to become an energy trader. That's what I would recommend.
Posted by Turkey_Creek_Tiger
Member since Dec 2012
12343 posts
Posted on 10/10/13 at 7:44 pm to
quote:

Blue Horseshoe loves Anacott Steel.


I'm gonna make you rich, Bud Fox.
Posted by FloridaMike
Member since Dec 2012
1524 posts
Posted on 10/11/13 at 12:37 am to
Thanks for all the solid advice guys, I appreciate it. I had no idea that Tulane had an Energy Finance program, I will defiantly have to look into that.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
77570 posts
Posted on 10/11/13 at 7:07 am to
quote:

but while you are still in school you can get the proper academic background to become an energy trader.


he can trade energy futures right now if he so chooses.
Posted by BJ titsnbeer
Gods Country
Member since Mar 2011
217 posts
Posted on 10/13/13 at 2:22 pm to
quote:

if you'll be an investor for a long time, you can afford to be conservative and just pick up an easy 6 or 7 or 8 % with little effort and little stress


I'm a young investor and I work in financial services. Please tell me how I can generate a consistent effortless 6-8% annually. You will make me a very wealthy man with very happy clients.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/13/13 at 2:25 pm to
i'm assuming he's saying that in the context of not going for the 'homerun' while you're young like lots of people recommend for young investors
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5786 posts
Posted on 10/13/13 at 7:37 pm to
quote:

I have a great return on his account


quote:

I have a passion and talent for investing


Just to play devil's advocate here, you practically could have picked any stock over the last couple years and made a great return.
Posted by FloridaMike
Member since Dec 2012
1524 posts
Posted on 10/13/13 at 8:09 pm to
I get that, but I outperformed the market by a considerable amount. I did tons of research and homework on my stocks and they performed very well.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/13/13 at 9:50 pm to
Ill pay you $50 to manage my accounts next year
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4560 posts
Posted on 10/13/13 at 11:12 pm to
Broad index and a collection of dividend payers.

Possibly not 8% every single year, but pretty close annualized over the long haul. Of course if you're selling advice and collecting commissions, you might not appreciate the client's not churning his account for you.
Posted by FloridaMike
Member since Dec 2012
1524 posts
Posted on 10/13/13 at 11:27 pm to
quote:

Ill pay you $50 to manage my accounts next year
I'm offended by that low ball offer, make it 5,896.48 JPY and we'll talk.
Posted by BJ titsnbeer
Gods Country
Member since Mar 2011
217 posts
Posted on 10/14/13 at 3:36 pm to
I am a big believer in indexing. Roughly 70% of my investments are in various indexes with the rest being invested in blue chip firms.

quote:

Of course if you're selling advice and collecting commissions, you might not appreciate the client's not churning his account for you.


I don't work for commissions, thanks for the attempted knock on my profession though.
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