Quote:
Originally Posted by 4444
your advice is terrible
so you'd rather he invest with a TD associate who will just buy into a mutual fund & rape him with expense fees
clearly this person is interested in starting to invest, thus he is willing to put in the time and effort
your advice for 3x leveraged FINANCIALS (of all things, which have gone up and down, up and down (more down than up)) is terrible given he's just starting
maybe your routine works for you, but for someone just starting who is willing to spend some time learning/reading up, my suggestions are solid, conservative, and will likely work the best (unless he wants to gamble, in which case a 3x leveraged ETF is the way to go, and for full disclosure, i do hold 1 3x leveraged ETF and 1 2x leveraged ETF, as part of a diversified portfolio)
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if he wants to put in time and effort... which is great by the way... open a paper account and trade for a year!!!!!....thats how you start out
what's he gonna do? troll the forums and listen to this CUU shit? what the heck? hows the stock doing by the way?
you hold 2x and 3x ETFs as part of a diversified portfolio?
trolololo... i hope you are moving that in and out on a daily or weekly basis...
yah and if doesnt want to lose that 10K, give it to a TD dude who will put that money to work... you're talking about MER expenses... which is what?
3%?....
the wealthy put money in hedge funds when they take 10-20% MER regardless of performance... you know why? cuz they are worth it
i would gladly give someone 3 percent if my money is managed