Hi Toofuzzy, You are quite correct about having a minimum position of at least $20k. Even with the best possible buy/sell/minimum stock sale settings, much less doesn't make enough per trade to even keep up with the typical index given commissions and lost income on cash reserves. The real problem is getting up to that size so that it makes sense.
Firebird400 seems to be doing quite well with his Pocket Change Portfolio so that is one approach. The other is LD-AIM, not that I have used it all that much, but I'm beginning to see the virtue of it when starting a position but I've not have a lot of luck in trying to apply it to already existent small positions. The old learning curve, etc.
So, to encourage more people to the list it might help if we had more discussion on both getting to a proper size. I think this is especially important given to the large number of recent college graduates who have less than great job in their choice of career - Starbuck's baristas, etc. - and their massive debt from attending college. I just read that about 34% of the 18-34 year old group are still living with their parents and have half the home ownership of the country as a whole. If we want the economy to succeed and boost our own income from our investments we need to be sure that those who will take care of us in our dotage are successful. If they can't buy stuff our economy will suffer as roughly 70% of our economy is consumer based nowadays.
Best,
Allen
Best,
Allen
AI
