Posted by Brent_IL on April 24, 2002 at 14:13:13:
I wrestle with investment minimums also. One factor to consider is how near the person is to retirement age.
You’re looking for folks who will give you enough cash to play with. With the continuing flight from common stocks, I’d look for a $25K to $30K minimum rather than $2,500 to $3,000 simply because of the handholding involved.
Instead of a percentage of profits, stick with a straight return that you can guarantee. It?s more easily grasped.