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re: How much does your investment advisor make?
Posted on 5/27/14 at 3:29 pm to RedRifle
Posted on 5/27/14 at 3:29 pm to RedRifle
quote:
Mine charges a management fee. He's a member of a 7 person team here in NO and they all have CFPs etc. No commissions.
There is one guy I know that's amazing. He if a CFP and a lawyer. I'd give him my money all day long.
But a management fee is garbage. Nobody will monitor your money the way you do. Paying for advice is one thing but a management fee for someone watching 100K 401 in mutual funds is bs.
0
Posted on 5/27/14 at 3:30 pm to jimbeam
quote:
Index fund
Isn't a Mutual Trust (or fund) a type of index fund?
Posted on 5/27/14 at 3:31 pm to RedRifle
Index funds and forget about.
Posted on 5/27/14 at 3:31 pm to LobbyingLeprechaun
You want help?
The most important component is your individual circumstances, the sum of your parts.
Talk to your richest friends, network, and sit down with someone that knows their shite who will advise you. Not some hack, a fricking professional. Don't take strategic advice from any stranger.
If you're going solo, stay the frick out of individual equities but for a small percentage of your net worth. I'd recommend this anyway. Sucker's game.
Buy land in a crashed market if you can hold it. Especially if you can homestead it and it's of significant value. If you homestead something for two years, you can make a tax free killing.
The most important component is your individual circumstances, the sum of your parts.
Talk to your richest friends, network, and sit down with someone that knows their shite who will advise you. Not some hack, a fricking professional. Don't take strategic advice from any stranger.
If you're going solo, stay the frick out of individual equities but for a small percentage of your net worth. I'd recommend this anyway. Sucker's game.
Buy land in a crashed market if you can hold it. Especially if you can homestead it and it's of significant value. If you homestead something for two years, you can make a tax free killing.
This post was edited on 5/27/14 at 3:33 pm
Posted on 5/27/14 at 3:31 pm to I Love Bama
Posted on 5/27/14 at 3:33 pm to jimbeam
Just regularly put money into funds that have been stable forever. It will add up big over the years.
FWIW, my inheritance is in a fund dominated by Exxon. I don't think that company is going anywhere.
FWIW, my inheritance is in a fund dominated by Exxon. I don't think that company is going anywhere.
Posted on 5/27/14 at 3:34 pm to RedRifle
quote:
Just saw that my investment guy bought a new house on Eleonore St and I was kind of surprised because I didn't think they made that much money. Low-six figures sure but now I'm guessing he makes at least $200k.
Zero, did it myself, have been in the game for 40 years, retired in my 50s. Have never seen a shred of evidence that an advisor will create greater returns than just doing a little research and using mutual funds, but I have seen a countless number of people that lost fortunes on the advice of advisors over the last 40 years.
Posted on 5/27/14 at 3:35 pm to jimbeam
quote:
jimbeam
The money board is the only productive time I spend on TD.
You called it.
Posted on 5/27/14 at 3:35 pm to RedRifle
quote:
Mine charges a management fee. He's a member of a 7 person team here in NO and they all have CFPs etc. No commissions
Same here, but they only handle a small portion of my investments. The majority is in real estate.
He makes more than I thought. Apparently we use the same facility in Florida to house our boats and he was boarding a 50' Marquis. So not only does he make more than I thought, he makes waaaaay more than I thought.
Posted on 5/27/14 at 3:35 pm to EA6B
Who do you use to invest in mutual funds?
Company, website, etc.
Company, website, etc.
Posted on 5/27/14 at 3:36 pm to EA6B
quote:
Zero, did it myself, have been in the game for 40 years, retired in my 50s. Have never seen a shred of evidence that an advisor will create greater returns than just doing a little research and using mutual funds, but I have seen a countless number of people that lost fortunes on the advice of advisors over the last 40 years.
One can't be advised while maintaining checks and balances over his/her strategy?
I do like your strategy, however. It is what people need to be doing if they're going solo.
Posted on 5/27/14 at 3:36 pm to TheCaterpillar
Vanguard website
This post was edited on 5/27/14 at 3:37 pm
Posted on 5/27/14 at 3:37 pm to I Love Bama
quote:
The money board is the only productive time I spend on TD.
I lurk like a son of a bitch over there...
Posted on 5/27/14 at 3:39 pm to Clyde Tipton
Mine manages my money very well and has helped me on numerous things. I don't really care if he makes $500k a year. The guy does a great job. If he gets paid well then good for him. There is zero reason I have to be mad about it
Posted on 5/27/14 at 3:39 pm to The Third Leg
quote:
Buy land in a crashed market if you can hold it.
I did that and had already gave it to my kids with the understanding they can't sell it for as long as me or the wife is alive. Any monies that come off it, come to Mom and Dad.
Of course, we pay the taxes. 
Besides that, my Mom gave me a big chunk of land and to protect it if I get even more sick, That was the reason I gave it to them. One has to hide it for 5 years if they ever need to go under Medicaid. No sense haven't to sell it to pay for doctor bills. Posted on 5/27/14 at 3:45 pm to fishfighter
(no message)
This post was edited on 5/27/14 at 7:14 pm
Posted on 5/27/14 at 3:49 pm to Traffic Circle
quote:
Isn't this Government fraud?
Gaming the system as Obamacrats would call it.
Posted on 5/27/14 at 3:51 pm to RedRifle
$100 a year.
Posted on 5/27/14 at 3:53 pm to PokerPlayingTiger
Mine does ok. I don't mind paying whatever he wants because I am sleeping with his wife.
Posted on 5/27/14 at 3:58 pm to Janky
quote:
Mine does ok. I don't mind paying whatever he wants because I am sleeping with his wife.
Me too. Must be the same chick no?
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