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      12-02-2019, 12:19 PM   #67
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Oh I'm worse than that. I worked for Edward Jones for a while, and have a Series 7, but the knowledge is a bit far back for me. I also think they make it much more involved than it really is.

"Let me make sense of investing for you, here, let me talk over your head so you'll just hand me the money."
It's pretty scary to me that you have a Series 7 and seem to have little to no clue about investing.

I'd recommend this book for investing.
https://www.amazon.com/dp/1118921283..._Nvv5DbM1Z58J8
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      12-02-2019, 12:21 PM   #68
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Quote:
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Quote:
Originally Posted by VisualEcho View Post
Oh I'm worse than that. I worked for Edward Jones for a while, and have a Series 7, but the knowledge is a bit far back for me. I also think they make it much more involved than it really is.

"Let me make sense of investing for you, here, let me talk over your head so you'll just hand me the money."
It's pretty scary to me that you have a Series 7 and seem to have little to no clue about investing.

I'd recommend this book for investing.
https://www.amazon.com/dp/1118921283/ref=cm_sw_r_tw_dp_U_x_Nvv5DbM1Z58J8
What's a series 7 is that some sort of degree?
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      12-02-2019, 12:24 PM   #69
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What's a series 7 is that some sort of degree?
It's an entry-level test "financial professionals" take so they can sell security products.
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      12-02-2019, 01:12 PM   #70
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It's pretty scary to me that you have a Series 7 and seem to have little to no clue about investing.
I have a clue, I'm merely asking for clues from others as well.
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      12-02-2019, 01:24 PM   #71
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What's a series 7 is that some sort of degree?
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      12-02-2019, 02:03 PM   #72
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You have a series 7?

I think we are getting trolled
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      12-02-2019, 02:08 PM   #73
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You have a series 7?

I think we are getting trolled
Why is that?
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      12-02-2019, 02:31 PM   #74
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Why is that?
A person who’s licensed to sell securities would not seemingly have zero understanding of what a security is. Or the basics of investing.

If he’s acting like he knows nothing to get a different type of input, well....that’s a form of trolling as well
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      12-02-2019, 02:32 PM   #75
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You have a series 7?

I think we are getting trolled
No troll sir. I have a Series 7 from many years ago. I worked for Edward Jones for about a year. It was a bit of a whirlwind if I'm honest, you learn all sorts of things you don't need in order to pass the test, then you're really just a politician because the BOA does all the real work.
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      12-02-2019, 02:34 PM   #76
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A person who’s licensed to sell securities would not seemingly have zero understanding of what a security is. Or the basics of investing.

If he’s acting like he knows nothing to get a different type of input, well....that’s a form of trolling as well
I'm only trying to get the new take on things. My time with EJ wasn't a positive experience on several levels. I'm not trying to be dishonest in my asking for help.
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      12-02-2019, 02:53 PM   #77
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Sorry about the market taking a shit today, I bought a couple of those vanguard funds and every time I do the price drops.
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      12-02-2019, 02:56 PM   #78
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Sorry about the market taking a shit today, I bought a couple of those vanguard funds and every time I do the price drops.
Yes it's because of the Hong Kong legislation so talks with China have stalled. Should rebound tomorrow obviously don't sell. Though the trade news broke over the weekend so I would have waited till just before the close to buy.
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      12-02-2019, 03:07 PM   #79
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Lots of love for Vanguard on here.

I use Fidelity, they have zero cost index funds, but their regular index funds fees have been reduced to a point where it's negligible.

Figure out your risk propensity for your age and make a "3 Fund Portfolio" or a 2 fund portfolio of index funds (Domestic stocks/International Stocks/Bonds) or (Domestic stocks/Bonds). Play with the % of each for your risk propensity.
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      12-03-2019, 09:59 AM   #80
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Yes it's because of the Hong Kong legislation so talks with China have stalled. Should rebound tomorrow obviously don't sell. Though the trade news broke over the weekend so I would have waited till just before the close to buy.
Just a bump in the road
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      12-03-2019, 02:02 PM   #81
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Quote:
Originally Posted by grocerylist View Post
Quote:
Originally Posted by VisualEcho View Post
Oh I'm worse than that. I worked for Edward Jones for a while, and have a Series 7, but the knowledge is a bit far back for me. I also think they make it much more involved than it really is.

"Let me make sense of investing for you, here, let me talk over your head so you'll just hand me the money."
It's pretty scary to me that you have a Series 7 and seem to have little to no clue about investing.

I'd recommend this book for investing.
https://www.amazon.com/dp/1118921283/ref=cm_sw_r_tw_dp_U_x_Nvv5DbM1Z58J8
I work in the field and a lot of those so called financial advisors are just sales people.
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      12-04-2019, 11:01 AM   #82
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Yes it's because of the Hong Kong legislation so talks with China have stalled. Should rebound tomorrow obviously don't sell. Though the trade news broke over the weekend so I would have waited till just before the close to buy.
Just a bump in the road
Looks like it's bouncing back today.
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      12-04-2019, 11:10 AM   #83
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How about VTSMX?

I've been lurking for the past few days to learn and did some research. Why are there more than one term for mutual fund? AKA index fund.
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      12-04-2019, 11:28 AM   #84
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How about VTSMX?

I've been lurking for the past few days to learn and did some research. Why are there more than one term for mutual fund? AKA index fund.
Never come across it.

Would be interesting to see the correlation of VTSMX and VIX
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      12-04-2019, 11:33 AM   #85
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Why are there more than one term for mutual fund? AKA index fund.
Index fund is a type of mutual fund, but not vice versa.

A mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed actively or passively.

Index funds usually are mutual funds that follow a specific index, AKA S&P 500, total stock market, International total stock market, etc. Index funds tend to be cheaper to hold as there is nobody actively managing them.
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      12-04-2019, 11:35 AM   #86
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Originally Posted by tigermack View Post
Why are there more than one term for mutual fund? AKA index fund.
Index fund is a type of mutual fund, but not vice versa.

A mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed actively or passively.

Index funds usually are mutual funds that follow a specific index, AKA S&P 500, total stock market, International total stock market, etc. Index funds tend to be cheaper to hold as there is nobody actively managing them.
I don't like having to pay anyone to manage anything. I just own stock and manage it myself. Costs me nothing and I even get dividends to reinvest or cash out.
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      12-04-2019, 11:42 AM   #87
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I don't like having to pay anyone to manage anything. I just own stock and manage it myself. Costs me nothing and I even get dividends to reinvest or cash out.
Investing yourself is great if you can do it properly, most people cannot, which is the appeal of index funds.

Index fund expense ratios are extremely low nowadays. For example Fidelity's S&P 500 index fund FXAIX is 0.015% ER, which equates to $0.15/$1000. They even offer a zero cost index fund FZROX. These funds also offer dividends in which you can reinvest or cash out.
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      12-04-2019, 01:39 PM   #88
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I feel like such a slacker reading the responses in this thread.
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