Need advice on saving / investing

Matthew Clinger · **Joined:** Wed Nov 07, 2012 6:21 am **Posts:** 79

It varies a bit, depending on what people can afford. Usually it is $100. For someone that is just starting out in investing, it's often less.

Bichon Frise · **Joined:** Fri May 04, 2012 2:23 pm **Posts:** 711

Just curious, did you ever work for Ameriprise....?

Matthew Clinger · **Joined:** Wed Nov 07, 2012 6:21 am **Posts:** 79

Bichon Frise wrote:

Just curious, did you ever work for Ameriprise....?

No.

Bichon Frise · **Joined:** Fri May 04, 2012 2:23 pm **Posts:** 711

Oh, ok. I'm just getting started in investing, so what's my cost for a portfolio going to be after the initial free one?

Matthew Clinger · **Joined:** Wed Nov 07, 2012 6:21 am **Posts:** 79

$50 for the second one. Regular cost after that. I figure, if someone is still with me after 2 portfolios, then they know that they're getting a good deal.

bpgui · **Posted:** Fri Nov 09, 2012 4:03 pm

So do you have the required licenses/certifications to be selling investment advice?

Bichon Frise · **Joined:** Fri May 04, 2012 2:23 pm **Posts:** 711

Every party has its pooper. SEC has a Matthew Ryan Clinger who worked at Ameriprise during 2008-ish. But isn't registered since he left Ameriprise. You can enter his name below.

http://www.adviserinfo.sec.gov/IAPD/Con ... earch.aspx

BTW, I'm not really interested in your investment advisement services Matt. Since you're not registered and all. Well, there are more reasons than that.

Also, in case anyone is being duped into using this guy's services, SEC warns specifically against this type of thing over the internet. Plus, Matt is suppose to be registered within his home state.

Matthew Clinger · **Joined:** Wed Nov 07, 2012 6:21 am **Posts:** 79

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

Bichon Frise · **Joined:** Fri May 04, 2012 2:23 pm **Posts:** 711

Matthew Clinger wrote:

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

You must not have gotten to your logic class yet. Just b/c someone does something, or a group of people does it, or even a majority, doesn't validate it as "right."

There's a difference between being a financial advisor and an investment advisor. While there is a lot of overlap, anyone offering specific investment advice needs to be registered with the appropriate governing agency. I'm sure you know this, but are downplaying your responsibility of needing to be registered with the state which your "business" is housed.

BTW, who's Patrick and what does he do out there in Lake Hills, CA?

kombat · **Posted:** Sat Nov 10, 2012 5:47 am

kombat wrote:

Matthew, I have 2 simple questions for you:

1) If Value Investing works, why doesn't everyone use it?
2) If everyone used it, would it still work?

Still waiting for an answer to these simple questions, Matthew.

DoingHomework · **Joined:** Wed Sep 23, 2009 9:01 am **Posts:** 4511

Matthew Clinger wrote:

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

Matthew, do you pay income taxes on the money you charge people? Do you have a business license and charge any local taxes on products/services?

Where are you located? (We'll need that for our simulation contest anyway)

Justus · **Joined:** Sun May 29, 2011 4:50 am **Posts:** 130

Matthew Clinger wrote:

You only need certification if you want to claim some certain title. There are tons of investment services all over the net. You think the people running them are all registered and certified? Not a chance.

From the sec.gov website

Quote:

Investment Advisers Act of 1940

This law regulates investment advisers. With certain exceptions, this Act requires that firms or sole practitioners compensated for advising others about securities investments must register with the SEC and conform to regulations designed to protect investors. Since the Act was amended in 1996 and 2010, generally only advisers who have at least $100 million of assets under management or advise a registered investment company must register with the Commission. The full text of this Act is available at: http://www.sec.gov/about/laws/iaa40.pdf.

GoldbergFinancial · **Joined:** Wed Sep 12, 2012 7:33 am **Posts:** 36

I work with Scottrade as an investment advisor since they provide the lowest cost to my clients and usually have physical locations close to where you live. I would recommend the stock market as well. I believe with the amount of money you have to invest you could even invest in a hedge fund, you might need to double check that but hedge funds are investment funds run by some of the brightest minds on wall street. I have had internships at a few and recently found a rankings website for hedge funds, its not a bad place to look. If you are interested you can email me

mgoldberg@goldbergfinancialLLC.com

brad · **Joined:** Thu Apr 05, 2007 3:05 pm **Posts:** 1184

GoldbergFinancial wrote:

hedge funds are investment funds run by some of the brightest minds on wall street.

And like most funds managed by the brightest minds on Wall Street, most hedge funds don't even beat the market:

http://www.bloomberg.com/news/2012-07-1 ... pical.html

"Hedge funds have trailed both the Standard & Poor’s 500 Index and a Vanguard index fund with the same 60/40 mix over the past five years, according to data compiled by Bloomberg. The balanced fund beat the main Bloomberg hedge-fund index in six of the last seven calendar years, according to data compiled by Bloomberg."

VinTek · **Joined:** Fri May 04, 2007 8:14 pm **Posts:** 985

brad wrote:

And like most funds managed by the brightest minds on Wall Street, most hedge funds don't even beat the market:

http://www.bloomberg.com/news/2012-07-1 ... pical.html

"Hedge funds have trailed both the Standard & Poor’s 500 Index and a Vanguard index fund with the same 60/40 mix over the past five years, according to data compiled by Bloomberg. The balanced fund beat the main Bloomberg hedge-fund index in six of the last seven calendar years, according to data compiled by Bloomberg."

How can you even begin to argue with such great hedge fund successes as Long Term Capital Management, Amaranth Advisors, Bailey Coates Cromwell Fund, Marin Capital, Aman Capital, and Tiger Funds? Google them and you'll learn all you want to know!

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