Best investment book(s) for beginners

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SweetrollStealer
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Re: Best investment book(s) for beginners

Postby SweetrollStealer » Sun May 03, 2015 1:12 pm

Another thing worth noting: you will probably be restricted from actively trading individual stocks as long as you are working at a law firm (i.e., you will have to have trades approved by the firm and you may be entirely precluded from making a trade in certain circumstances). So not only are the diversified index funds recommended ITT good financially, as long as you work at a law firm you won't have many other options anyway.

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Anastasia Dee Dualla
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Re: Best investment book(s) for beginners

Postby Anastasia Dee Dualla » Mon May 04, 2015 11:18 am

SweetrollStealer wrote:Another thing worth noting: you will probably be restricted from actively trading individual stocks as long as you are working at a law firm (i.e., you will have to have trades approved by the firm and you may be entirely precluded from making a trade in certain circumstances). So not only are the diversified index funds recommended ITT good financially, as long as you work at a law firm you won't have many other options anyway.


Though this is true enough, you can still invest to the extent there are no conflicts. About once a month, I send an email to the firm with the stocks I am interested in purchasing (I typically hold my positions for a long time) to get the "go ahead." I haven't had a "you can't do that moment yet."

hdunlop
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Re: Best investment book(s) for beginners

Postby hdunlop » Mon May 04, 2015 11:21 am

Curious about this. How serious is it? If I have a small handful of tech stocks, I'd I end up doing ip would I have to divest? Or say baby Berk and insurance law. Or Big Railroad law.

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Anastasia Dee Dualla
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Re: Best investment book(s) for beginners

Postby Anastasia Dee Dualla » Tue May 05, 2015 3:02 pm

hdunlop wrote:Curious about this. How serious is it? If I have a small handful of tech stocks, I'd I end up doing ip would I have to divest? Or say baby Berk and insurance law. Or Big Railroad law.


I have baby berk and a few others that I, stupidly, did not divest in before starting. A couple of those on the list I won't be able to sell until I leave the firm without raising flags. But most of those are blue chip and I would hold on to them anyway for dividend income. The stocks I have looked into after arriving at the firm have no raised any issues so I haven't had that much trouble with the rules.




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