First, Sam didnt work for free; and lethbridge casino poker room he didnt intend to manage my money either.
Without bothering to read the Special Situations Prospectus, filled with all kinds of footnotes and exemple de contrat de prêt d argent entre particuliers gratuit disclaimers explaining that the 18 percent return was just a fuzzy guess, I quickly filled the necessary papers to hand my savings to Sam.
After all, I did have.
He did charge me a 4 percent commission for the privilege to turn my money over to the Special Situations fund team, which charged another 2 percent annually for management fees.Either learn how to manage your fortune or make sure you dont hire someone to lose it for you.Mega Millions logo (Photo credit: Wikipedia).On a Saturday morning in the winter of 1985, I was shopping at Mid-Island Plaza Mall.A Series 7 and a Series 63 investment licensesthe first is a federal license; the second is a NY state licenseanyone can take the tests for these licenses.At that point, I did feel really stupid!
I do know this rule very well, not as a lottery winner, but as a naïve investor with.
He asked me whether I have any investments.
In the early 2000, scores of investors lured by the advice of major investment firms invested in high tech stocks like.At the beginning, I was angry with Sam for not explaining to me all the costs and risks associated with investing in the Special Situations fund, as it was part of his job.Why did I have to hire Sam to manage my money in the first place?Eventually, I did get mad at myself. .Cisco Systems (nasdaq :csco JDS Uniphase jeux pour compter l'argent (nasdaq:jdsu Ciena Corporation (nasdaq:cien EMC, corporation (nyse:EMC and Lucent Technologiesnow Alcatel-Lucent (nyse:ALU) trading near triple digits back then and in the middle-teens or single-digits ten years later.What did Sam know about money management that I didnt?Long Island, new York where I came across Sam, an investment consultant, who was soliciting business for his firm.Here goes 6 percent of my money for the first year.Retirement, account (IRA) with Long Island Savings Bank.As it turned out, my decision to hire Sam to manage my little savings account was a disaster. .
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