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[ezra816]

i am coming out of my cave.  my grandpa died a few months ago and it was really hard on me so i went into hibernation.  im ready to be a part of the world again now.

i went to florida last week but now i am back.

i have submitted all of my applications to grad school.  yesterday the last of the three profs i asked to write letters for me has finally

Comments

[norelle]

if your financial advisor actually lets you consolidate all your funds into one account, fire him on the spot. you want to have your accounts diversified as much as possible, otherwise you're putting all your eggs in one basket, a basket which is as volatile as that one market you are invested in.

[ezra816]

one account can be very diversified. a mutual fund is a combination of stocks and bonds--bonds are stable and low income and stocks are very risky but with a chance of high income. as long as your account is invested in many stocks and bonds and not just a handful, it is diversified. what i have now is a mutual fund with ag edwards (now wachovia), an account with blackrock, an account with oppenheimer, a 401K with etc etc, an account with etc etc etc etc. my grandmas ancient financial adviser in kansas invested one of them, a random guy here invested that one, another guy there, etc and there is no plan or consistency. with one financial adviser i can tell him my plan: i want some money easy to liquidate since im moving and going to grad school, but i want most of it untouchable for years. so maybe a CD? Not sure yet.

[norelle]

i'd still keep it in separate accounts- some more liquid than others. sure, you can probably transfer them all to the same bank or whatnot, but definitely don't put all your shit into a CD.