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How much does your investment advisor make?
Posted on 5/27/14 at 3:12 pm
Posted on 5/27/14 at 3:12 pm
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.
11
Posted on 5/27/14 at 3:14 pm to RedRifle
Cocksucker lives in Connecticut and has three houses so I am just glad he cut me in on his grift.
Posted on 5/27/14 at 3:15 pm to RedRifle
$0
Posted on 5/27/14 at 3:18 pm to RedRifle
Mine makes an honest living. Whatever it is, he deserves every penny.
Posted on 5/27/14 at 3:21 pm to trillhog
I used to get taken for a ride till the market crash in the 1999-2000. Fired that cocksucker and started investing on my own. I had talked to a few over time and not one could come up with a plan for me to retire that was a real number that I would need at 57. Well, I was forced into retirement at 52 due to health and I'm glad I took on my own planning. 
I'm doing ok.
I'm doing ok. 
Posted on 5/27/14 at 3:22 pm to RedRifle
I don't have an investment advisor 
Posted on 5/27/14 at 3:22 pm to RedRifle
quote:
investment advisor
These people don't know their arse from a hole in the ground half the time. Usually, they recommend whatever Mutual Fund recently came in and bought them lunch to get them to listen to their sales pitch.
I read articles, prod the rumor mill, and educate myself. I do my own investing...
Here's a hot tip... O&G isn't going away anytime soon.
Posted on 5/27/14 at 3:22 pm to fishfighter
If your investment advisor makes less than you do, how is he helpful?
If he makes more than you do, are you getting ripped off?
If he makes more than you do, are you getting ripped off?
Posted on 5/27/14 at 3:24 pm to RedRifle
So, I used to intern with a Investment Advisor/Financial Planner firm here in BR. We had 5 advisors inhouse and I will say there is a vast disparity between "the good" and "the bad".
A full financial portfolio really only costs $175-300 but they commission off their products and additional advice. But they then have to cut the company their cosigned to a commission off that consulting fee + residual amount on products.
I never quite understood the gimmick truthfully. Just buy a subscription to Morningstar, that's pretty much the same exact advice you'll hear unless you have "wealth" money and go to wealth management advisor at like Goldman Sachs or some crap.
Your average Joe 50thousandaire aint getting that advice though. They getting Morningstar reports and trend data based on age.
A full financial portfolio really only costs $175-300 but they commission off their products and additional advice. But they then have to cut the company their cosigned to a commission off that consulting fee + residual amount on products.
I never quite understood the gimmick truthfully. Just buy a subscription to Morningstar, that's pretty much the same exact advice you'll hear unless you have "wealth" money and go to wealth management advisor at like Goldman Sachs or some crap.
Your average Joe 50thousandaire aint getting that advice though. They getting Morningstar reports and trend data based on age.
This post was edited on 5/27/14 at 3:25 pm
Posted on 5/27/14 at 3:25 pm to Traffic Circle
Everybody thinks they are a financial genius until the shite hits the fan.
Posted on 5/27/14 at 3:25 pm to Traffic Circle
Mind blown
Posted on 5/27/14 at 3:26 pm to Cajun Revolution
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.
Posted on 5/27/14 at 3:26 pm to trillhog
quote:
nothing
i'd imagine you'd invest a lot in blindfolds, duct tape, rope, etc.
Posted on 5/27/14 at 3:26 pm to fishfighter
I need to start investing for sure. As per the contracts I make/have signed I get paid a yearly salary in one lump sum. So I absolutely know I need to start investing it, but I just don't know where to do it?
Mutual Firms? Securities Hedge Funds? Help me...
Mutual Firms? Securities Hedge Funds? Help me...
Posted on 5/27/14 at 3:28 pm to Broke
I have financial investor friends that just give me free tips. They don't make that much money because they are just getting started, but they are in the meetings with the big boys and hear about everything.
Posted on 5/27/14 at 3:28 pm to LobbyingLeprechaun
quote:
Mutual Firms? Securities Hedge Funds? Help me...
Lord. Ask around and get recommendations for an advisor. Go talk to them. If you like them and trust them, hire them. If not, walk away and keep looking.
Posted on 5/27/14 at 3:28 pm to LobbyingLeprechaun
Index fund
Posted on 5/27/14 at 3:28 pm to RedRifle
I just bury my money in my backyard
Posted on 5/27/14 at 3:28 pm to Broke
quote:
Everybody thinks they are a financial genius until the shite hits the fan.
It isn't a loss until you sell it.
Just start accumulating and don't worry about what the stock price is one day to the next. We're talking 30+ years of buying. Just keep buying reputable stocks you like. As you get nearer retirement, start transitioning into dividend paying stocks that have been there forever. Saving 30 plus years and then putting that into dividend payers should yield you a nice little yearly income once you are retired.
Eta: I'm using the term "stocks" loosely... you don't have to buy into individual companies. Mutual funds are fine investments.
This post was edited on 5/27/14 at 3:31 pm
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