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Katherine Ross: Okay. So we've got father's day coming up. So of course I have to ask you, do you have any investing advice that your father gave you?

Sarge: Oh my father gave me a lot of advice. Actually the two folks that have impacted the way I think as a trader, there's three, there's three. It's my my Dad. He was a trader himself. He still is actually, pushing he's about .. I'm not going to say how old he is. He wouldn't like not one, but he's older than I am and he's still a trader. He opened my first retail trading account for me when I was 13 years old.

Katherine Ross: 13 years old.

Sarge: I've been trading my own books since I was 13.

Katherine Ross: So you might be the next Warren Buffet with that.

Sarge: I'm not the next Warren Buffett, but I did learn a few things along the way. My Dad taught me the simple things, the basic fundamentals, how to monkey around a balance sheet a little bit. PE ratios, what they mean, how to follow along earnings. How to, he didn't really teach me technical analysis so much. That was for guys who came later. I'll say the name, he'll never watched the video. A trader down here on the floor named Howie Eckstein, who was really a mentor to me and my in my younger years. And then Jim Cramer. So the three of them combined have worked to mold the way I think on my own. And it's why I usually lead with fundamental analysis. Although I do, I will go to technical analysis. That's how I figured out where the bus stops are. But if you want to know which way the bus is going to go, you have to first understand fundamental analysis and be able to read a balance sheet.

Katherine Ross: That's great advice. Thanks Sarge.

Sarge: Anytime.

What have you learned from your dad?

Real Money contributor Stephen "Sarge" Guilfoyle, a former NYSE trader, explains how his dad helped him learn how to invest. 


"My Dad, he's, you know, he was a trader himself. He's still is actually pushing...actually I'm not going to say how old he is. He wouldn't like that if he's watching, but he's older than I am and he's still a trader. He opened my first retail trading account for me when I was 13 years old. I've been trading my own books since I was 13...I did learn a few things along the way. My Dad taught me the simple things like the basic fundamentals, how to monkey around a balance sheet a little bit. PE ratios, what they mean, how to follow earnings," explained Guilfoyle. 

Related. Jim Cramer's Advice For Setting Up A Portfolio For Your Grandchildren

Watch: How Trading on the NYSE Floor Has Changed, According to Sarge