DJIA is down again. 9971 and counting

jaguar · 07-24-2004, 02:41 PM

If they don't know about it they shouldn't be near it is a fairly good rule

Still, do you guys stick to straight funds and direct stocks? Do the funds diversify much or stick to common equities?

lookout123 · 07-24-2004, 02:57 PM

generally i pick one fund family with the client and diversify within that family. Lord Abbett for instance, they have 40 different funds available to the average consumer. once in the family i can rebalance as needed withouth ever incurring additional charges for the client. within those 40 funds there are a lot of options.

obviously the basics of income, growth&income,growth,and aggressive growth. but there are many choices and strategies within each category. most clients can find a strategy to meet their needs and comfort level with the one fund family.

within the fund family - i split my client between 2 - 10 different funds, depending on $ amount, so you can create a plan to meet their specific needs.

i'll never create a george soros with the options i offer, but it takes care of most of the people i market myself too.

i generally stick to mutual funds and the bond market. i offer individual equities, but i'm not a stock jockey and have no intention of becoming one. i don't handle options and commodities - i just don't find them to be appropriate for my clients.

07-24-2004, 02:41 PM	#1
jaguar whig Join Date: Apr 2001 Posts: 5,075	If they don't know about it they shouldn't be near it is a fairly good rule Still, do you guys stick to straight funds and direct stocks? Do the funds diversify much or stick to common equities? __________________ Good friends, good books and a sleepy conscience: this is the ideal life. - Twain

07-24-2004, 02:57 PM	#2
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	generally i pick one fund family with the client and diversify within that family. Lord Abbett for instance, they have 40 different funds available to the average consumer. once in the family i can rebalance as needed withouth ever incurring additional charges for the client. within those 40 funds there are a lot of options. obviously the basics of income, growth&income,growth,and aggressive growth. but there are many choices and strategies within each category. most clients can find a strategy to meet their needs and comfort level with the one fund family. within the fund family - i split my client between 2 - 10 different funds, depending on $ amount, so you can create a plan to meet their specific needs. i'll never create a george soros with the options i offer, but it takes care of most of the people i market myself too. i generally stick to mutual funds and the bond market. i offer individual equities, but i'm not a stock jockey and have no intention of becoming one. i don't handle options and commodities - i just don't find them to be appropriate for my clients. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

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