First hour trading ???
- Thread starter Snowx800
- Start date
LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
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.
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.
FreeAtLast
Full time employment: Posting here.
- Joined
- Apr 22, 2008
- Messages
- 702
+1
brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Kiplinger's at least is worth a read. I get the occasional good idea. I highly doubt the would suggest daytrading .
Milton
Thinks s/he gets paid by the post
- Joined
- Apr 18, 2007
- Messages
- 2,360
Agreed. Mere needless distraction, no different from watching CNBC.
rescueme
Thinks s/he gets paid by the post
True. Get a subscription to Playboy; at least they have good "articles"
...
Coolius
Full time employment: Posting here.
- Joined
- May 15, 2010
- Messages
- 862
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!
)
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!
)
harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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.
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.
Similar threads
