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MY income is derived from the money I have in the stock and bond markets. The stock market for all intents and purposes put in the bottom in October 2002. There are ALOT of good quality companies that can be had at near rock bottom prices. So this is the bargain sale of the century......there aren't any other catagory of investment that is cheap right now. Bonds are expensive with interest rates at 40+ year lows, Real Estate has been booming at least here in SO CAL. Colllectables have been strong for years now especially Antique Guns.....it's almost like a feeding frenzy. So there is no other place to put your money, with any expectation of a good risk to reward ratio. Remember you want to buy when it's a buyers market, when everyone else is afraid to tred there.

Most Brokers aren't worth a $#!+... so you have to look far and wide for someone who knows what they are doing. They usually tow the party line....what the Brokerage recommends and only know what the company research department tells them. They might as well be selling used cars for what they know.

BUT I BELIEVE IN GETTING PROFFESSIONAL ADVICE......look if you needed an operation you wouldn't 0perate on your self would you?

What you are looking for is a PORTFOLIO MANAGER.....there fees are about 1 1/2% of the account value per year. That means that all trades whether it is 1 per year or 1000 per year are paid for out of that 1 1/2%. So there is no incentive for a Manager to churn your account to rack up trading fees, cause there are none. Also the more money you make the more money the Manager makes. In a sense you are creating your own Mutual fund, but having your own portfolio has some distinct advantages over a MF.


Here is the line as of now. Pick a nice large gona be here tommorow company such as Motorola or Ford at under $10 a share and pays a 4% dividend. Buy and keep buying for the next couple of years to creat yourself a large position in each... then in about 5 years look at the account value and say Geez I'm rich. Simple huh... no magic. No special insight needed.

In more normal markets you do have to have some expertise to minimize your risk...otherwise it is like going to Vegas and playing roulette. Also I would recommend watching Bloomberg Financial Network on cable. Just turn it on and start listening to what they have to say. It's a good education......just beware of the Greeks that they have on who are touting stocks. They allready have their postions in place and are advertising them to sell when they come on the program. Bloomberg is about business and not business/entertainment like CNBC has become.