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Started By
Message
re: For all those poorly misguided do-it-yourselfers
Posted on 2/13/09 at 12:33 pm to GeneralLee
Posted on 2/13/09 at 12:33 pm to GeneralLee
question for wampa and amsterdam.... do you ever sell variable annuities to your clients, and if you do, what % commission do you get for selling those?
1
Posted on 2/13/09 at 12:33 pm to amsterdam
quote:
I never said that, I just said that you cant. I was not implying I could.
This whole thread was started off that... DIY's have no hope unless we bestow our gold upon thee.
Posted on 2/13/09 at 12:34 pm to amsterdam
name calling name calling...tsk tsk children.
again i provided facts you shoot back with opinions.
and for the cpa out there, i spend most of my time unjacking what a cpa jacked up. there are great cpas out there, of which i am sure you are one. i will make a deal... i wont do my clients taxes if you dont do your clients investing..
again i provided facts you shoot back with opinions.
and for the cpa out there, i spend most of my time unjacking what a cpa jacked up. there are great cpas out there, of which i am sure you are one. i will make a deal... i wont do my clients taxes if you dont do your clients investing..
Posted on 2/13/09 at 12:35 pm to Cash
quote:
I know, which is why I said most likely. I would hope someone with an income of $200/$300k for the past two years and a reasonable expectation that it will remain there would have a decent chance of a seven figure net worth.
Doubtful. I know several people that make close to that, and they aren't millionaires.
Posted on 2/13/09 at 12:35 pm to wampawampa
quote:
i wont do my clients taxes if you dont do your clients investing..
Next tell us about not chaning your cars oil.
Posted on 2/13/09 at 12:36 pm to MileHigh
quote:
Doubtful. I know several people that make close to that, and they aren't millionaires.
They probably need to talk to Wamp and Amesterdam.
Posted on 2/13/09 at 12:37 pm to wampawampa
quote:
again i provided facts you shoot back with opinions.
Show me my 'cliff' and I will grant you the 'fact' argument
quote:
and for the cpa out there, i spend most of my time unjacking what a cpa jacked up.
That explains why you dont have enough time to understand more about investing. Again this is why, unlike you clowns, I dont 'job drop' as it gets people into pedigree pissing contests as opposed to content... but feel free to conintue.
quote:
i will make a deal... i wont do my clients taxes if you dont do your clients investing..
Given I dont do taxes, sure.
Posted on 2/13/09 at 12:37 pm to amsterdam
quote:
I never said that, I just said that you cant. I was not implying I could.
What does "index funds suck, buy actively managed and loaded funds" mean then, precisely?
quote:
Actually this whole thing started with your assertion the market will lose another 50% based on your research. That is what Im calling you out for. I do not think you can accurately predict this. And if you do think you have the cred to back it up lets see some research.
I do think I can accurately predict it. We'll see. Winner gets to bump all of these threads in which you call bullshite on that target. My target on the S&P last year was 900, FWIW. I actually missed the whole dump after the bounce between 10/27 and 11/4 because I was expecting the down move to be over.
quote:
Btw, I never did get your reaction to the funds thread, You said you were going to dissect them that night. Never did get you thoughts
everyone pretty much verbally made the arguments that I was going to make graphically. I can still do it if you want tho.
Posted on 2/13/09 at 12:37 pm to GeneralLee
gosh gen lee...
i would love to debate va's with any one. yes my pay out is higher, and yes their advantages are greater. i would have to sit down for hours to go over all the advantages... but just start asking questions and i will answer...
as for college boy, and me imposing my will.... i know no one in this chat room will ever change their mind. i am cool with that. i just want that guy who is looking retirement in the face to pause and think for two seconds before he goes to bed at night... should i get an advisor and buy a book an go softly into that night....
i would love to debate va's with any one. yes my pay out is higher, and yes their advantages are greater. i would have to sit down for hours to go over all the advantages... but just start asking questions and i will answer...
as for college boy, and me imposing my will.... i know no one in this chat room will ever change their mind. i am cool with that. i just want that guy who is looking retirement in the face to pause and think for two seconds before he goes to bed at night... should i get an advisor and buy a book an go softly into that night....
Posted on 2/13/09 at 12:37 pm to GeneralLee
quote:
what trade was that?
basically short subprime debt. IN Summer of 2007.
Posted on 2/13/09 at 12:38 pm to wampawampa
quote:
i just want that guy who is looking retirement in the face to pause and think for two seconds before he goes to bed at night...
Ie someone please hire me.... PUHLEASE!
Posted on 2/13/09 at 12:39 pm to wampawampa
quote:
i am cool with that. i just want that guy who is looking retirement in the face to pause and think for two seconds before he goes to bed at night... should i get an advisor and buy a book an go softly into that night....
That's pretty much the worst argument you could've made. Somebody "looking retirement in the face" needs to be like 0-10% equity, and they sure as hell don't need to be paying your fees. I feel pity for the 60 year old who walked into your office with his retirement next egg in November 2007 and was told "it's always a good time to buy!"
Posted on 2/13/09 at 12:39 pm to wampawampa
quote:
i would love to debate va's with any one. yes my pay out is higher, and yes their advantages are greater. i would have to sit down for hours to go over all the advantages...
quote:
i know no one in this chat room will ever change their mind
Of course not, you would have to find a new career.
Posted on 2/13/09 at 12:39 pm to Colonel Hapablap
quote:
basically short subprime debt. IN Summer of 2007.
Unless that was your long term strategy, they you would be a DIY jump off a cliff fail. Havent you been paying attention colonel? Actual results should not distract from the theme!
Posted on 2/13/09 at 12:41 pm to Cold Cous Cous
quote:
That's pretty much the worst argument you could've made. Somebody "looking retirement in the face" needs to be like 0-10% equity, and they sure as hell don't need to be paying your fees. I feel pity for the 60 year old who walked into your office with his retirement next egg in November 2007 and was told "it's always a good time to buy!"
+1. That shite pisses me off more than screwing young people. At least they have a chance to earn the money back in their job. Someone about to retire needs to be in ALL fixed income stuff, and they should have been moved to treasuries in late 2007 if their advisor had any fricking idea what a credit market was.
Posted on 2/13/09 at 12:41 pm to Cold Cous Cous
quote:
I feel pity for the 60 year old who walked into your office with his retirement next egg in November 2007 and was told "it's always a good time to buy!"
Sounds like someone needing whole life.
Posted on 2/13/09 at 12:42 pm to igoringa
quote:
Unless that was your long term strategy, they you would be a DIY jump off a cliff fail. Havent you been paying attention colonel? Actual results should not distract from the theme!
I think I'd be satisfied with turning $100,000 into $6M over the course of 6 months. I'm not greedy, I'd be satisfied to leave that in long term treasuries for the rest of my life.
Posted on 2/13/09 at 12:42 pm to Cold Cous Cous
quote:
60 year old who walked into your office with his retirement next egg in November 2007 and was told "it's always a good time to buy!"
Of course, that might have actually been the one moment in a lifetime, when it would have been a good point for such person to have bought a variable annuity.
Posted on 2/13/09 at 12:43 pm to igoringa
quote:
What is the first sentence of the first post that started this thread again
His words not mine, he can say what he wants. I for one, am not trying to convert anyone I have always said that debating you guys is more fun.
I agree that your profession does not an argument make. I bring it up so often b/c you guys love to bash that fact. Also it doesnt help the argument, but does lend to its credibility. Quality of your argument always comes first.
As to the alter theory, you guys cant be serious. We write completely different.
BTW totally had you pegged for a CPA. Dont ask me how I knew. I just did.
Posted on 2/13/09 at 12:44 pm to amsterdam
Totally had you pegged for a tool. Don't ask me how, just did.
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