ClandPhoenix (93.73)

4 Comments – Post Your Own

#1) On April 23, 2009 at 4:03 PM, catoismymotor (88.71) wrote:

Thank you for posting the link to that story. I enjoyed reading his account of the conversation with Mr. Klarman. Not everyone out there has the right mentality to be an investor. But one can be taught! I know that until a few years ago I did not possess it. It is a shame that Mr. Goldberg has decided to throw in the towel instead of taking some initiative.

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#2) On April 23, 2009 at 4:54 PM, ClandPhoenix (93.73) wrote:

I found it quite interesting how this article put the average or lower net worth investors plight relative to his/her dependence on an entity that rationally does not have the investors best interest at heart in perspective.

It is my understanding that a hedge fund manager cannot accept contributions from anyone with a net worth of less than $250,000 (correct me if I am wrong pulling this knowledge from fuzzy memory). So essentially no investment entity can be created with the lower net worth investors interests parelleling thier own. At least not in terms of a small investor niche hedge fund.

Is the lower net worth investor who knows he does not have the skill to be or has no interest in being an investor/speculator doomed to 401k(s), and Roth(s) managed by institutions that do not care about him/her?

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#3) On April 23, 2009 at 5:13 PM, truthisntstupid (61.52) wrote:

Direct stock purchase plans are offered by many if not most companies now.  Minimum initial investments range from as low as $50 (PNW) to $100 (ETN)  $250 (Most companies).  Using direct stock purchase plans I have built a position in WIN, AEP, PGN, PEP, HOG (ouch), OKE. I have PEP and HOG dividends reinvested and have the dividends sent to me from WIN, OKE, PGN, and AEP.

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#4) On April 23, 2009 at 5:14 PM, truthisntstupid (61.52) wrote:

Direct stock purchase plans are offered by many if not most companies now.  Minimum initial investments range from as low as $50 (PNW) to $100 (ETN)  $250 (Most companies).  Using direct stock purchase plans I have built a position in WIN, AEP, PGN, PEP, HOG (ouch), OKE. I have PEP and HOG dividends reinvested and have the dividends sent to me from WIN, OKE, PGN, and AEP.

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