My Plan for $10k

2manywhiners · Apr 13, 2006

Quote from 2manywhiners:
go to a broker. you should ask an investment adviser what he/she thinks.

keep in mind what your risk tolerances are, and also that most advisers don't care about you unless you have a six figure account and allow them to buy and sell at will or do it often yourself.

Seriously, if you have experience yourself then why are you asking anyone on here about what you should do with a 10k investment?

If you don't care about losing 10k, why not try letting it all ride on GOOG or some other highly volatile stock? If you care about protecting your 10k, then maybe you should consider diversifying in mutual funds or ETFs.

My opinion, if one of your stock picks starts to tank (take into consideration that using only fundamental analysis as the lone entry guideline and over only a one month period is mostly considered unwise at best) don't hold the loser for several weeks. If you don't want to compound the fees, just sell it and let it sit as cash until the next month.

Best of Luck.
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Quote from uptik2000:
This is terrible advice. The majority of financial advisors/brokers are clueless. I know this b/c I worked at MER and MWD and believe me, the only skill set they care about is sales ability.

And the advice to put it all in one stock like GOOG , only an idiot would do that.

Breaking $10,000 into 10 or so stocks is reasonable..but I think it really comes down to your money/risk management. Have a set of rules and risk/reward ratio and stick to it. In other words, have a plan.
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Hey, UP YOURS uptik.

Of course it's terrible advice. I said If he doesn't care about 10k, then he should put it all in Goog. I also said If he does care, then he should diversify and nurture it. Don't skew my post next time.

Oh by the way, Goog was $364 on 3/2. It opened at $408 today. He would have made $1,188. Or a little over 12%. Hmmmm...

Hydroblunt · Apr 13, 2006

Quote from $CostAverageMAN:

PTF, HTE, PWI, FDG, DMLP

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Nice picks. I'm jumping into PWI, looks great, cant resist.

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My Plan for $10k

2manywhiners

Hydroblunt