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To: SoldierDad

Ah well I’m happy to recommend Ameriprise Financial Advisors, tho I do suggest you choose one you find trustworthy after speaking in person with them.

One rule - never ever agree to a per trade fee or anything other than 1%-2% of total assets per year for all services (so called wrap fee). That pretty much ensures you will not be fleeced by your advisor (tho you may lose money in the market). To get started, go to www.investopaedia.com and read about investing 101 and retirement accts, like ROTH and traditional IRA. That way as you go see an investment advisor you’ll be relatively comfortable speaking about your options.

Index funds (such as S&P 500 index funds) are very cheap and conservative investments. When you get more comfortable and have built up reasonable portfolio (20-30k) you can start looking into allocations into more interesting things.


323 posted on 03/03/2008 12:24:18 PM PST by farlander (Try not to wear milk bone underwear - it's a dog eat dog financial world)
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To: farlander

I’ll check to see if Ameriprise is on the list of approved TSA’s for the company I work for. I need to get some investments going, and soon. Thanks for the tips regarding per trade fees and the internet site. I’ll check it out and then look for an investment company.


334 posted on 03/03/2008 12:59:04 PM PST by SoldierDad (Proud Dad of a 2nd BCT 10th Mountain Soldier home after 15 months in the Triangle of death)
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