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First hour trading ???
Old 07-09-2011, 06:24 PM   #1
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First hour trading ???

Anyone know about its in smart money and kiplingers. Need $25000 investment?
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Old 07-09-2011, 06:47 PM   #2
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Sigh! A google search turns up that it is a day-trading outfit with the word "scam" used by many of the reviews.

The SEC requires $25,000 for folks who will get tagged as pattern day-traders.

Why would you want to work with this outfit when there are many major brokers that will cost you nothing: Fidelity, WellsFargo, Vanguard, TDAmeritrade, Schwab.

Get on track with one of these boys and use passively managed index funds with a buy-and-rebalance strategy.
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Old 07-09-2011, 07:14 PM   #3
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Old 07-09-2011, 07:58 PM   #4
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Thanks not doing it just asking
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Old 07-09-2011, 08:43 PM   #5
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Stop reading SmartMoney, Kiplingers, and Money magazines. They are all worthless financial porn.
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Old 07-09-2011, 08:46 PM   #6
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Stop reading SmartMoney, Kiplingers, and Money magazines. They are all worthless financial porn.
Kiplinger's at least is worth a read. I get the occasional good idea. I highly doubt the would suggest daytrading .
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Old 08-07-2011, 08:27 AM   #7
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Stop reading SmartMoney, Kiplingers, and Money magazines. They are all worthless financial porn.
Agreed. Mere needless distraction, no different from watching CNBC.
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Old 08-07-2011, 08:58 AM   #8
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Stop reading SmartMoney, Kiplingers, and Money magazines. They are all worthless financial porn.
True. Get a subscription to Playboy; at least they have good "articles" ...
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Old 08-07-2011, 06:04 PM   #9
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I would not be quite as fast to say that MONEY magazine is financial porn; there are a few noteworthy articles here & there.

Agreed, much of the "strategies" articles rely heavily on hindsight and simple extrapolation without real world events considered. Many of their assumptions of ROI border on the insane - 8% on stock funds, for example.

But, I do enjoy the articles like "one family's makeover", they help me to find other ways of LBYM, and how to stretch my limited resources. Quite a few are valuable in that they tell me what NOT to do ( those I send on to my kids ).

Finally, I figure that the annual subscription of $10 for 12 issues is not an unreasonable price to pay, even for something approaching financial porn.

( heck , people probably pay way more than that for real porn! )
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Old 08-07-2011, 10:20 PM   #10
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I was subscribed to most of the financial porn magazines for quite a while. I read them for fun, not for investing information. One thing I noticed is that early in each issue there would be an article that would say the smart thing to do is invest using an AA in low cost index funds. Then the rest of the magazine would be all about chasing yield, investing in the hot stocks or funds, and how to beat the market.

On a side issue, if someone wants a cheap ($5) one year subscription to Smart Money, check this out SmartMoney (1-year auto-renewal): Amazon.com: Magazines. It's an auto-renew, so make sure you cancel before the end of the year.
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