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.
He believes that you should invest for the long term rather than the short term. Jim considers long term to be a minimum of 3 to 5 years.
Jim also suggests that new investors only investing in no-load mutual funds that are rated five stars by Morningstar.
Please feel free to comment on my posts, even if you disagree.