- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is $1 million a lot of money in 2019?
Posted on 7/5/19 at 7:56 pm to TxTiger82
Posted on 7/5/19 at 7:56 pm to TxTiger82
quote:
wealth managers
Ought to never come into the conversation if you educate yourself and your kids properly. Using one is essentially an admittal of financial incompetence/laziness.
No one is EVER going to take care of your money as well as you will.
3
Posted on 7/5/19 at 8:22 pm to Decisions
quote:Exactly this! I feel the same way.
Ought to never come into the conversation if you educate yourself and your kids properly. Using one is essentially an admittal of financial incompetence/laziness.
No one is EVER going to take care of your money as well as you will.
I also hold this position with personal health. I teach my kids how to live healthy and never to pay a doctor to tell them what to do. No one is EVER going to take care of your health as well as you will.
Same goes with home repairs. Learning how to do plumbing and wiring is just a matter of time. Providing a shelter for your family is a fundamental responsibility. No one is EVER going to take care of your home as well as you will.
This post was edited on 7/5/19 at 8:23 pm
Posted on 7/5/19 at 8:29 pm to Decisions
quote:That's an odd take.
Ought to never come into the conversation if you educate yourself and your kids properly.
E.g., we are highly educated and successful managing finances. We keep about 1/2 of ours under roof, and divvy the rest out to managers. Each manager has differing expertise, resource access, and each comes at challenges slightly differently. Exposure to differing opinions provides good food for thought.
Aside from "educating yourself", the other DIY element is time and timing. Presuming one works in a field which prohibits continuous monitoring of personal portfolio(s), ability to take advantage of market moves, and stay atop contingency research is limited, even for the most educated investor.
This post was edited on 7/5/19 at 8:33 pm
Posted on 7/5/19 at 11:05 pm to Decisions
quote:
Ought to never come into the conversation if you educate yourself and your kids properly. Using one is essentially an admittal of financial incompetence/laziness.
Nah, that's a good way to lose everything, TBH. I'm not some investing genius who is going to beat the market. My assumption is that the less I do, the better. Sorry, but (at least in my case), "laziness" is the correct strategy. I recognize this cuts against the grain of some unarticulated principles you have, but your principles won't keep me from making stupid investment mistakes if I try to do it all myself.
This post was edited on 7/5/19 at 11:14 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News