Results 14,726 to 14,750 of 18222
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10-04-2021, 10:42 AM #14726
There’s a significant gap on the sp500 daily chart between 4000>4050
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10-04-2021, 11:21 AM #14727
I have a lot of clients with small unsolicited individual positions. They'd rather have everything in one place and not bother opening a RH account
I will waive my AUM fee for individual positions that the client wants to manage themselves (when to buy more, when to sell), but keep a tight limit on % of total investable net worth.
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10-04-2021, 11:36 AM #14728
That's pretty shitty financial advice. But, hey, it's 2021.
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10-04-2021, 12:01 PM #14729
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10-04-2021, 12:10 PM #14730
The best financial advice I ever received was to buy low and sell high. It seems pretty obvious, but in practice it's harder than it looks.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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10-04-2021, 12:24 PM #14731
The best financial advice is free. Well, a Bogle book or two may cost a six pack's worth of coin, but, the internet and other media is saturated with safe, simple advice that works. It's remarkable to me that most people actually pay for day to day advice. Sure, a tricky inheritance would need some one time advice, but, generally, dollar cost averaging saving, mostly equities when young and transitioning to a classic 60-40 equity bond mix with age, buy a house if you think you aren't moving for awhile, don't buy stupid shit like expensive cars that basically do the same thing as cheaper cars, live in a town with excellent public schools to avoid private school costs, and learn to cook. Easy.
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10-04-2021, 12:35 PM #14732
Ok, Suze Orman.
Look, I don't claim that what I do is overly sophisticated. I tell most people they could easily manage their own money (most clients are highly educated professionals) but do they really want to spend their time vetting positions on a quarterly/annual basis? Do they want to spend their time rebalancing allocations regularly? Also, investment management is one slice of the pie. How do you turn your hard earned dollars into retirement income? Is the 4% rule really all you need to succeed? When to claim SS? When to consider Roth conversions? Wealth transfer/gifting considerations? etc.
Clearly you are not the target audience, you know it all already. GL and keep dca into your super secret squirrel fund that outperforms all.
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10-04-2021, 12:36 PM #14733
facebook down...stock price too.
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10-04-2021, 01:05 PM #14734
You seem to exist to make them nervous, and make money from it. Why "vet" quarterly? Why worry about allocations so much? You want retirement income? Save enough in a Roth that you'll have some money for income. Claim SS maybe not at 62, but, pretty soon, because you're going to be really old, sitting in a chair, in your 70s, so, use it up. Fuck, I hear these people telling the public to wait until age 70 or so, and to me it sounds like a plot from the guvment to keep their money. Sorry, most people ain't making it to 80. Look around. 55 year olds look like shit, unless you're living in the mountains.
Ok wealth transfer and inheritances require a bit of gaming the ever changing tax codes, but, your accountant can advise on that.
I read once that most people, including your educated professionals, hell, probably mostly them, spend more time planning vacations than their personal finances. It's not hard, and, you really shouldn't dick around with it much, maybe once a year, because, if you really start worrying about it, you're inevitably going to do the stupid thing number one: panic and sell low after you bought high in good times. And there are always good and bad times.
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10-04-2021, 01:15 PM #14735
(Face Palm) not worth it to discuss/refute your idiotic generalizations...congrats you made me almost argue with an internet troll. Now go make an appointment with an independent CFP and make sure you're all set, because based on your statements...you might be having a bad time sooner than later.
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10-04-2021, 01:18 PM #14736
Is the stock market going to tank?
Taking Social Security early is horrible advice. The worst. It’s much better to drawdown savings and wait if you have the means. Especially if you have savings to draw that have already been taxed and interest rates are this low. I’m guessing you needed the money Benny? With a 6% cola this year anyone that has waited is getting PAID.
https://content.schwab.com/web/retai...-single-4.html
At 8% gain per year and now an additional 6% cola just waiting to full retirement age would have a significant payoff.
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10-04-2021, 01:22 PM #14737
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10-04-2021, 01:24 PM #14738
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10-04-2021, 01:25 PM #14739
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10-04-2021, 01:30 PM #14740
Do you still live in a place where you have to put bars on your windows? And I'm gibberish?
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10-04-2021, 01:36 PM #14741
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10-04-2021, 01:41 PM #14742
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10-04-2021, 01:49 PM #14743
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10-04-2021, 01:52 PM #14744
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10-04-2021, 02:06 PM #14745
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10-04-2021, 02:09 PM #14746
Lol, don't touch them, never will. Unwind quite a few BS products that people come in with though. Clearly you don't understand what a fiduciary adviser does, I couldn't touch those products and hold myself out as a fee only adviser. Sorry the annuities touched you inappropriately and you didn't seek advice.
If you took SS at 62 or even FRA, sorry. Where else can you get a guaranteed 8% annual return (not including COLA)? I can't promise that! Can't tell you how many people have showed up after taking SS early because of conspiracy guberment BS you alluded to.
edit: just say 4matic stating the same thing.
take a walk benny and listen to another Bogle interview
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10-04-2021, 02:13 PM #14747Registered User
- Join Date
- Jan 2010
- Location
- your vacation
- Posts
- 4,738
when you guys stop fighting over who has a smaller dick can someone answer a question for me
the gov't (or fed) buys up corporate bond debt?
this props the company up makes it look good
isn't it the same as giving food stamps and a monthly check to a welfare mom?
why do they do this? sounds like socialism to me
please answer in a way that a third grader can understand
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10-04-2021, 02:22 PM #14748
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10-04-2021, 02:41 PM #14749
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10-04-2021, 02:43 PM #14750
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