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Poll: How do you feel about your financial life?



May 15, 2011 – Comments (14) | RELATED TICKERS: EXAS , CAGC.PK.DL , SUNEQ

I have posted a poll at my firm's Facebook page.  If you could answer it I would appreciate it.  It is a non-scientific poll, but I am curious to get some general feelings.  Feel free to "like" the page, I post some of the more important articles I find each week and am starting to update trades there.

14 Comments – Post Your Own

#1) On May 15, 2011 at 11:48 AM, BlackSwanCapital (67.12) wrote:

I chose: 

ON firm footing and getting far ahead. 


I feel that if you net out trust fund kids I'm probably in the 99 percentile.  I am 22, graduating from college in a couple of days with no debt to speak of and with a stock portfolio rapidly approaching 6 digits.  In many parts this was thanks to 2009 being the first year that I had money to invest...

If you don't mind me asking, how did you go about setting up your firm Bluemound Asset Management (nice acroynm btw), LLC?  Did you personally have to get any licenses?  Series 7?

Are you fee based or performance based?

Also, I love your take on EXAS, how do you see that playing out going forward?

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#2) On May 15, 2011 at 12:03 PM, kirkydu (89.47) wrote:

If you are 22 and have amassed almost six figues already you are for sure in the top 2% overall and 1% excluding those with inherited wealth.  Good for you.  If you want to get into investment management, I'd suggest becoming an analyst with a path to becoming a trader at a firm that has a bond operation.  By 30 you might be loaded and able to write your won ticket.  It's what I should have done.  But alas, I fell in love with a piece of ass and am a decade, and eight figures of earnings, behind now. 

I am a Wisconsin Registered RIA.  I am Series 65 licensed right now.  I gave up my series 6, 63 & 7 to go fee-only investment management and financial planning.  In the future I plan to offer a performance based fund, but you are talking $50m to get that started. 

I think EXAS will get bought out around $40s in the next couple years.  I hope they become the next Genzyme or Genentech and go over $100 instead.  We'll see.  The likelihood of failure there is extremely small for a bio-tech, but with all the upside.

To the fakebook hater.  I'm verifiably real.  Don't answer if you don't want to.  Not sure why the rant.

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#3) On May 15, 2011 at 12:54 PM, HarryCaraysGhost (57.40) wrote:

But alas, I fell in love with a piece of ass and am a decade, and eight figures of earnings, behind now.  Seriously..., dude that sucks.

To answer your question not that great,  Just seems like every time Mr. Market hands me some money the gov and higher prices are standing there with their hand out waiting to smack me around like a pinata.

Of course I'm dealing with very small figures, but hey their mine.

If I may quote Pulp Fiction-

I'm tryin' Ringo, I'm tryin real f*cking hard~

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#4) On May 15, 2011 at 1:12 PM, HarryCaraysGhost (57.40) wrote:

Heres my pick  #3 treading water.

I don't do facebook either, but I don't feel the need to take that out on you....LOL!

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#5) On May 15, 2011 at 1:19 PM, kirkydu (89.47) wrote:

Thanks for the reply.

I have no problem with people who don't do facebook.  I don't do Twitter or MySpace, but geewiz L0rdz is being silly with his privacy rants.  Almost every person with a credit card in America has had their info stolen at this point.  Take precautions, but to be a jerk is stupid.

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#6) On May 15, 2011 at 2:56 PM, kirkydu (89.47) wrote:

Well L0rdz I am my employer, so go ahead an speak.  Go rant somewhere else.

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#7) On May 15, 2011 at 4:15 PM, BlackSwanCapital (67.12) wrote:

I really like  EXAS too, although I took some profits recently because most of the positive catalysts seem to be a year or so away.

I definitely credit you writing about it as being one reasons why I originally researched it.   

But alas, I fell in love with a piece of ass and am a decade, and eight figures of earnings, behind now.  

Hehe, girls are expensive I take it. 

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#8) On May 15, 2011 at 6:43 PM, outoffocus (23.22) wrote:


Hey I did answer you poll and I liked the page.  I noticed you said you have your Series 65.  Someone just put me on to the Series 65 and I'm considering going for it instead of the 6 and 63.  I've always wanted to be a fee-based advisor anyway.  So far the mentoring that I've gotten in the Financial Advisory field has been spotty at best.  So I'm not sure about the best way to go about my Financial Advisory career.  Right now I think my ideal Financial Advisory company would be a company that would train me in running a fee based operation rather than forcing me to sell products.  But I have yet to find such a company so right now I'm kinda in limbo.  Any suggestions would be appreciated.  Thanks.

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#9) On May 16, 2011 at 8:24 AM, BillyTG (29.44) wrote:

kirkydu, I'd answer your poll if you could post the choices here.

L0RDZ, rather than trolling this blog, I think you should make your own new blog about facebook, and I'll gladly leave a comment.

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#10) On May 16, 2011 at 8:28 AM, BillyTG (29.44) wrote:

PS. Advice for all men:  Never, ever, ever, ever, never make any life-altering decisions (occupation, location, school, etc) based on a woman.  Men lead. Women follow.  If you mess with that formula, things will end badly. That is all.

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#11) On May 16, 2011 at 8:49 AM, mtf00l (44.69) wrote:


Are you married?

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#12) On May 16, 2011 at 10:04 PM, HarryCaraysGhost (57.40) wrote:

The comment got deleted,but I just wanted you  to know that If I ever, made my way up North I was planning on taking you up on your offer.

I was writing my second reply when you posted so I did'nt get a chance to reply.


And to Billy I always say happy wife happy life, I'm not legally married but we've been together for almost nine yrs, so it's pretty much the same thing.  

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#13) On May 18, 2011 at 12:29 AM, kirkydu (89.47) wrote:

outoffocus:  I would find a successful RIA firm and be an assistant or research person first, either that or get into the support staff at a Trust Company or Private Client group at a Regional firm.  Do that about two years, and slowly accumulate a list of people to talk to when you go out on your own, form a partnership or join a firm as an Advisor.  You'll need about $5m ready to be managed to not starve.  And, get a life insurance license and sell a lot of term life to people who are buying their next home (not starter homes, folks moving on up), you'll make a good impression (which could lead to investment relationships) and make a few grand a month to put food on the table.  I own and although I don't market it much, I use it to help people out and make a good impression (v trying to cram them into Whole Life which generally only makes sense for folks well into six figures of income).

I agree Billy, a woman is a decision to make, not somebody to make our decisions.  If I only knew then what I know now...

I'm truly glad somebody finds something I write useful.  What was it Franklin said,  Either write something worth reading or do something worth writing.  Hopefully I'm doing some of both in my life.  Thank you for the compliments.

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#14) On May 18, 2011 at 8:35 PM, outoffocus (23.22) wrote:

Life License: check

Experience with firm: uncheck.

Thanks for the advice. 

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