Quote:
Originally Posted by Gandalf
Thanks to the OP for starting this thread and a huge thanks to those who have contributed, esp Greg (Grocery store guy be damned - now I can actually say I get some of my best investment advice from the guy who flags my autocross lol!). I've learned a ton in the short time I've been consuming this thread and really makes me want to get started. I like your simple, makes-sense approach Greg - esp about buy what you consume and/or understand. I run a technology company but I like to think I understand the inherent risks associated enough not to dump all my eggs in that one basket. I really like the thought of the long-term, steady-as-she-goes brands I do consume outside of technology. My money is doing little-to-nothing right now so now is as good a time as any.
Happy asking the noob questions. Choosing a broker looks like choosing a stock. I don't want to research it to death and end up doing nothing. I'm not talking about dumping $100k in - just starting small anyway. Any issue(s) changing online-discount brokers down the line? Afterall - correct me if I am wrong but I OWN the stocks regardless of where I buy/manage them, right?
G.
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Other than my feet still hurt.... I love doing that stuff! The only thing is I don't get time to chat! I'd rather be driving but the Mustang doesn't qualify - so it's kind of a "why bother". I did just register for a SAAC (Shelby American club) event at Thunderhill @ the end of April... so I'll get some seat time.
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YES! YOU own the stocks - and they're transferable to any brokerage. Open the new account -- do a little paperwork -- they'll handle the rest. Takes 10 days or so -- but if you're not "trading" -- who cares.
I'm a tech kinda guy.... and have made most all of my money investing in tech companies. However, this is also why it's so important to diversify - because as you and I know - tech can be hot or cold in a nanosecond. Techs are cyclical and subject to getting beat to the punch. Ask RIMM about that... right?
It's sad to find out how much money has been invested -- and after years -- there has been little to no return. TIME is the great healer of money and when a decade slips away - it's HUGE -- just huge.
