.... So, you want to manage other people's hard earned money, you go one an internet forum and ask for advice how to do so; some one tells you that you are probably not qualified and it's a very complex business; you disagree (oh no! someone on the internet disagrees with you!!) - gets angry, and ... well, I'm not sure how this joe pesci/goodfellas reference actually work; am I joe pesci's character? I'm not exactly threatening to harm you; or are you the joe pesci character... in which case you are making a (obviously jokingly, I hope), death threat? Yeah... like I said, you are clearly mature enough to manage other people's hard earned money
Reading comprehension is fundamental. Lets review class the errors of his ways: 1. Going into a "respected" internet forum on trading and the stock market for knowledge does not mean I SOLELY rely on that info. 2. On the contrary, I never said the business of managing money was not a complex business. I am simply trying to pick intelligent minds on this forum from different perspectives and experiences on the subject. 3. And whoever said I was angry, but I am amused. 4. It was evident from your first message who is really more mature between the two of us. I do not ask for a lot, just some suggestions from the inquiry besides the typical suggestion of running off to pay an hour's advice to a lawyer without flushing out some knowledge on the internet maybe first. I guess that is too much to ask on here.
See, that's where you went wrong; perhaps you should have said that instead call other people names when they pointed out it's pretty irresponsible for you to manage other people's money at this stage. - or, just ignore them if you think they are wrong and add no value But instead, you went nuts..., with goodfellas references no less; I'm going to guess you probably work outdoors?
Sagacity, Im curious... What qualifications (schooling and/or market experience) do you have that would be of value to a potential client? I presently manage 9 accts for other ppl for S&P contract trading(big and small contract). Been doing it for a lil over 2 yrs. But giving advice is something i have neither the time or inclination to partake in. You either trade for other ppl or just give advice..usually not both. So again...your qualifications are?.. Joe, those are good questions/points. 1. I do not have any licenses currently. That is why I was looking into the Series 65. But just like you, if managing only 9 accounts, you do not need the license correct? 2 I am running into opportunities from network where maybe I can bring more income in by giving advice to some of the customers while trading in a seperate managed type account for the others. For you, you have seperately managed accounts and that is it? What licenses do you have?
True Corelio. And that is the point. I probably will at some future point. But lawyers fees are expensive so I want to make sure I know what I am paying for without any b.s. Risk/reward as in many endevours is not worth it not to seek out that advice if not properly planned in advance. Just trying to comb for anyone with prior experience/knowledge on subject to know what I should be paying for and what I shouldn't.
Wrong again. But keep up with the baseless assumptions. You are making progress though. Asking questions is good first step towards figuring it all out.