January 22, 2007
Frequently Asked Questions
The following questions were sent to us by an attendee at one of our free information sessions. We thought others might find our answers helpful:
How many of the taxable accounts managed by Chronim have had a margin call? Will margin calls require additional funds to be immediately added to the account? Is there any other way to handle the margin calls?
There have been no margin calls in the history of Chronim’s managed accounts. This does not mean it could never happen. We are aware of 2 or 3 margin calls in accounts managed by our students, which involved small accounts and securities where the margin requirement was raised. Margin calls can be satisfied by either adding funds or selling securities.
Would you recommend using your method as a strategy for all investment funds or as part of a larger investment strategy also employing mixed asset investments?
We recommend using the Snider Investment Method™ as an income generating strategy for funds which will be invested for a minimum of two years. It is up to the individual investor to assess their needs and decide the portion of their funds to invest.
What are your criteria for selecting an on-line broker?
The most important criteria for selecting an on-line broker is good, unbiased trade execution and the ability to trade options in an IRA account. Commissions, interest rates paid on cash reserves, customer service, and account fees are also important.
What are your criteria for selecting an on-line stock screener?
On-line stock screeners must be easy to use and offer the appropriate bankruptcy predictors.
This method seems to be strictly aimed at the domestic market. Since foreign markets appear to be booming these days, is there any thought to applying this to global markets.
We do not have any plans to expand the Snider Method to include global markets. The research and history of the Snider Method is based only on domestic markets.
Is it required that the 8 hr on-line Options course be completed before completing the course?
We highly recommend the beginning modules of Options Basics to build a basic understanding of puts and calls. The advanced modules are included for students interested in expanding their knowledge.
You report that 8% of your survey respondents are no longer using your method in your account. What are the reasons given for no longer using your method?
Snider Method alumni stop using the Snider Method for numerous reasons. Some of the reported reasons include: Funds needed for other uses, they want out of the stock market, they are not happy with results, and they prefer riskier investments. This is not an all-inclusive list.
Since you have said that it may take as long as 24 months to fully close out a position, why do you only offer a 3-month (90 day) money back guarantee? When does the 90 days start?
The 90-day test drive starts as soon as you complete the class. The 90-day test drive is designed to let people experience how the Snider Method works and if the process fits their expectations. It is not necessary to have a position close to understand how the Snider Method works. By the way, our guarantee is the best one we have seen in our industry. Many other seminar providers require students to either leave in the first few hours of the seminar, or if they complete the seminar and want their money back they have to agree to trade with a representative of the company for a minimum time period. We allow our students to complete the seminar and claim a refund for any reason within the 90-day window.
Kim Snider, Kim Snider Financial Communications, Chronim Investments and/or Snider Advisors make no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 866-952-0100 to request the Snider Investment Method™ Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments are subject to risk including possible loss of principal.
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