NetNews Usenet Archive 1992 #27/NN_1992_27.iso/spool/misc/invest/13980

Internet Message Format | 1992-11-19 | 1.6 KB

Path: sparky!uunet!olivea!gossip.pyramid.com!pyramid!pyrps5.eng.pyramid.com!jmuth
From: [e-mail] (John Muth)
Newsgroups: misc.invest
Subject: Re: Beginner questions -- where can we go for help?
Message-ID: <[e-mail]>
Date: 19 Nov 92 17:39:02 GMT
References: <[e-mail]>
Sender: [e-mail]
Organization: Pyramid Technology Corporation, Mountain View
Lines: 28

In article <[e-mail]> [e-mail] writes:
>Hello,
>
>It seems my wife and I have money *sitting* in our checking account.
>
>Neither of us have MBA's and neither of us have the time or desire to
>study-up on all the ins and outs of investing.
>
>We think we want something like an Investment Advisory Service --
>hopefully one which charges an hourly-based rather than percentage
>based fee.  Is there such a thing?  And are there any recommendations
>for one in the southern SF Bay Area?
>
>What advise do you have for beginner investors?

Go to the library and check out some books on investment basics. You don't
have to become experts, but you do have to learn something before investing.
Concentrate on books about finacial planning and no-load mutual funds.
Until you feel comfortable with the subject and start to get an idea of
what sort of investments are compatable with risks you are willing to
take, just leave your money in the bank.

In the meantime, avoid anyone calling themselves a "Financial Planner".
I most cases these are insurance sales(wo)men. No matter what your
circumstances, you can bet their advise will be to buy a whole life
policy.

-John Muth