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Geeks and Finance Seminar

RE; #6,  The holder of the money has no bearing on diversification.  The 
scope of your stocks has the impact on diversification.  And that doesn't 
mean you have 100 tech stocks, but you have ones from a variety of sectors, 
be it tech, biotech, goods, medical, hospitality, real estate (REITs), etc.

Depending on what you want to do with your money (long-term investing, or 
shorter term goals, there are different ways to identify what the size of 
your position should be.  Want to figure out how much you should invest in a 
position, I typically use the equations?

   total capital * max percentage loss of total capital on individial
position = maximum loss per trade
   maximum loss / percentage of cost sell rule = position size

Of course, this is a guideline and isn't for everyone.  I'm not a financial 
planner and not qualified to give stock advice.  :-)

Take a hike!  Go to

>From: "Lucas Wagner" <lwagner2001 at>
>To: discuss at
>Subject: Geeks and Finance Seminar
>Date: Mon, 13 May 2002 13:11:37 -0400
>First of all, I want to thank Jerry and everyone else who came to last
>month's BLU meeting.  I had a fantastic time and received some great
>ideas... I just wish I could have worn my FSF "floating gnu" t-shirt and 
>a tie. :)
>If you want me to talk with you personally about your situation, drop me an
>e-mail at lucas.c.wagner AT aexp DOT com or give me a call at 781-684-3743.
>As I touched on at the meeting, I'm building a workshop/seminar about geeks
>and finance.  Since I'm the only financial planner in the area who is a 
>and tech user, I wanted to develop something that is relevant to us as 
>and answers our questions.. particularly as regards to the tech industry 
>job market right now.
>These are actual questions I've compiled.
>Some areas so far:
>1.  Can I save for retirement as a 1099 contractor?
>2.  What is a 401(k) and why should I not overuse it?
>3.  What happens to my 401(k) if my previous employer goes bankrupt?
>4.  What happens if I'm disabled and I'm between employers?
>5.  What are the penalties for using my qualified (e.g., retirement) money
>in times of hardship?
>6.  Why isn't having two different IRAs with two different custodians 
>banks or other financial institutions) being "diversified"?
>7.  What happens if my IRA custodian goes bankrupt?
>I'd like some feedback about what you want to know about your money; if it
>is personal in nature, drop me an e-mail.  Give me some hard questions,
>particularly if you have hangups on certain issues.  I'll also try to
>include the "Pros and Cons of Indexing" since a lot of people these days
>don't understand what indexing is and what it isn't.
>When I've compiled the results, I'd like to put on a meeting to answer them
>all... give it a debugging.  It'll be fun... plus I'll cater in some food.
>Join the world)B?s largest e-mail service with MSN Hotmail.
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>Discuss at

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