A share of the profits: investment research company finds success in stocks.Charles Payne Charles Payne revised the hymn-book of the Methodist denomination in the late 19th century. Payne published several books:
See also Adolescence. Ah, Wilderness! high-school senior has problems with girls and his father. [Am. Drama: O’Neill Ah, Wilderness! in Sobel, 15] Aldrich, Henry teenaged film character of the 1940s. [Am. . "I became interested in the market at age 14 and taught myself how to read the Wall Street Journal," he says. By age 17, he made his first investment in a mutual fund and a year later, purchased his first stock. Now Payne
The surname Payne stems from paganus, see pagan. People
In 1991, with $9,000 in start-up Start-up The earliest stage of a new business venture. capital, Payne launched Wall Street Strategies, a New York-based independent investment research firm. Wall Street Strategies provides technical analysis of the stock market, historic chats patterns, industry trends and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. to over 5,000 subscribers at more than 250 brokerage firms in the U.S., the United Kingdom and Canada. Information is sent to subscribers via e-mail, a faxed monthly newsletter, two hot line numbers (212-330-8246; 212-330-8314) and daily reports and audio recordings. Monthly rates for the service range from $190$ 1,000. No SEC regulation was required for Payne to launch Wall Street Strategies since he publishes his opinions on various stocks and does nor manage his clients' money. Wall Street Strategies pinpoints attractive investment opportunities for both professional and individual investors. "Our services are perfect for people who have at least $50,000 to invest," says Payne. Before starting his own business, Payne served in the Air Force from 1980-85. After leaving the service, he worked in the analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. assets management department of E.F. Hutton. But warring to break our on his own, Payne rented a one-bedroom apartment in Harlem, made some cold calls to secure clients and launched Wall Street Strategies, which now has 19 employees and $2 million in revenues. He says his biggest obstacle is attracting a larger clientele. "Right now, about 90% of our clients are brokers. But we want about 90% to be individual investors because that's a much larger market," says Payne. To attract more investors, he anticipates launching a Web sire. He is also increasing exposure through the media by appealing on WEVD-AM radio in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and on CNNfn and CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. TV stations, among others. Individual investor Joe Iannone saw Payne on one program and contacted Wall Street Strategies. "I'm glad I did because our of 40 stock suggestions, 28 or more will be winners," says Iannone. Payne says he plans to expand services to include money management. He wants to advise investors about when to sell stocks a service few research firms offer. "There are so many more services we can offer," says Payne. "We have the data down, we just need to find ways to fund expansion." |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion