Back in the 1980s, Jim Juris held a series 6 securities license along with a number of other licenses that were required for him to sell fixed and variable types of life insurance products, both fixed and variable annuities and mutual funds for a large insurance company as an insurance agent and Registered Representative.
Back in 1987 Jim had just resigned from the insurance company when the stock market crashed.
The DJIA fell by 508 points, or by 22.6% on October 22,1987. This became known as Black Monday.
Jim also worked for a very short period of time at a call center for a large mutual fund company assisting investors in buying and selling shares of mutual funds over the phone. Due to the market crashing in 2001 Jim was let go, along with many other temporary employees working at the mutual fund call center.
Jim Juris started the Five Dollar Investor blog because he has a strong desire to educate people about investing in mutual funds and ETFs (Exchange Traded Funds) with small amounts of money, even as little as five dollars, or maybe even one dollar.
He reveals his Fidelity Brokerage firm account mutual fund and ETF transactions for everyone to see on this blog.
During the months of February and March 2020, the stock market crashed. March 23, 2020 appears to be where the market bottomed, so far.
Jim felt this would be a good opportunity to do the opposite of what many people were doing. At the beginning of April 2020, Jim started buying stock mutual funds as well as Exchanged Traded Funds (ETFs) with very small amounts of money.
His strategy is to buy and hold his investments for the long term but occasionally there may be an exception to this strategy. You will get to see all of his buy and sell transactions as well as the actual profit and losses from those transactions.
In the first two months, April 1, 2020 through May 29, 2020, of investing in mutual funds and exchange traded funds, Jim has invested small amounts of money that range from $5 to $135.96.
As of the close of the markets on the last trading day in May 2020, Jim’s investments (4-1-2020 through 5-29-2020) have gained $25.08, up 13.26%.
This return is not typical!
Normally, if you make thirteen percent on your investments after a year, you would be very happy. Seldom do you make a return like this in a short period of time.
Not all of the money was invested at the beginning of April. Jim has spread out his investments over this two month period. Some of his money was invested in the last couple days of May 2020.
With the exception of one investment for more than $100, Jim’s investments are usually between $5 and $25 at a time into any one security.
I am considering studying for and taking the Series 65 securities exam. upon passing that exam I would be able to offer investment advice, but I would not be able to sell any securities.
If I wanted to sell securities I would need to take and pass either a Series 6 exam or a Series 7 exam.
I am hoping to be licensed to give investment advice sometime around the end of 2020 or the first part of 2021. Please check back around that time if you have any interest in my advice.
I will be charging a fee to provide the investment advice.
Please feel free to comment on my posts, even if you disagree.