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To: DCBryan1

As a broker, I can’t recommend anything to you since I don’t know anything about your goals, suitability, etc.

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Very important point! A lot of people want to buy stocks to “make some money” without any consideration of their personal objectives, tolerance for risk, or knowledge of how complex investing really is.


28 posted on 01/12/2017 10:23:26 AM PST by Starboard
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To: Starboard
Very important point! A lot of people want to buy stocks to “make some money” without any consideration of their personal objectives, tolerance for risk, or knowledge of how complex investing really is.

I had a guy with very high income come to me. Poor bastard couldn't balance his check book. His credit was horrible....an MD no less.

Anyways before investing, we had to get him and his family's credit cards paid off, fees/fines paid off, lawyers paid off, malpractice insurance paid up, get his kids UGMAs set up, get his wifes ROTH set up, get them some Term life insurance, get them a Long term care policy, get their auto/home insurance up to a level to protect them from getting sued, buy an umbrella policy for him, close 5 bank accounts with cash sitting in them, get a trust attorney involved to set up a trust incase stay at home mom screws the pool boy, or the Doc runs off with his nurse intern, etc.

I mean, that guy was a mess, financially.

Don't buy any securities until you take care of your DEBT and family first. The best $2000.00 you can spend is with a tax/trust attorney and a CPA before ever coming to see me.

30 posted on 01/12/2017 10:28:11 AM PST by DCBryan1 (No realli, moose bytes can be quite nasti!)
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