- 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
Main Street starting to feel the pain in Retirement accounts
Posted on 6/13/22 at 7:19 am
Posted on 6/13/22 at 7:19 am
Fire my advisor. If you are an advisor what are your other options ? Gonna be a lot of upset people with their retirement account balances this year and probably next year. Started in Jan She says. That's when i started to feel it 
LINK
LINK
8
Posted on 6/13/22 at 7:26 am to FLObserver
Unsurprisingly, an average person doesn’t understand risk and standard deviations around an average return. This is really where FAs earn their keep because Main Street can irreparably harm their portfolios based on emotion.
This post was edited on 6/13/22 at 7:26 am
Posted on 6/13/22 at 7:31 am to FLObserver
If you plan to retire in less than 5 years and your advisor had been dumping your money into medium/long-term bonds with non-existent yields then you probably should fire them.
It’s crazy when you see that the 2025 target retirement funds are performing as poorly as the S&P.
It’s crazy when you see that the 2025 target retirement funds are performing as poorly as the S&P.
Posted on 6/13/22 at 7:32 am to FLObserver
Financial advisors are there for one thing YOUR MONEY. They don’t give a shite how much you lose as long as they get their income from you.
Posted on 6/13/22 at 7:41 am to FLObserver
If you can’t afford to “lose” $100 then you’ll never make $1k.
If you can’t afford to “lose” $1k then you’ll never make $10k.
If you can’t afford to “lose” $10k then you’ll never make $100k.
If you can’t afford to “lose” $100k then you’ll never make $1m.
If you can’t afford to “lose” $1k then you’ll never make $10k.
If you can’t afford to “lose” $10k then you’ll never make $100k.
If you can’t afford to “lose” $100k then you’ll never make $1m.
Posted on 6/13/22 at 8:20 am to Catchfalaya
quote:Bakers are there for one thing YOUR MONEY. They don’t give a shite how much their cakes suck as long as they get their income from you.
Financial advisors are there for one thing YOUR MONEY. They don’t give a shite how much you lose as long as they get their income from you.
They only get your money if they provide value. When they don’t provide value, they lose business.
Posted on 6/13/22 at 9:10 am to AllbyMyRelf
I never understood the want for a FM, historically and statically, they don't beat INDEX averages.
Do your own investing in ETF's of your liking, dollar cost average and be smart where you invest.
Do your own investing in ETF's of your liking, dollar cost average and be smart where you invest.
Posted on 6/13/22 at 9:12 am to oneg8rh8r
quote:
dollar cost average and be smart where you invest.
Most people cannot do this psychologically
Posted on 6/13/22 at 9:24 am to AllbyMyRelf
quote:They get paid regardless of performance. That's how AUM works. Your second statement is true.
They only get your money if they provide value. When they don’t provide value, they lose business.
How long you been in the industry?
Posted on 6/13/22 at 9:24 am to LSUtoOmaha
In other words, many are selling today instead of holding or buying. Not a good move even though this Down cycle is not likely done.
Posted on 6/13/22 at 9:26 am to LSUtoOmaha
quote:
Most people cannot do this psychologically
Exactly.
Posted on 6/13/22 at 10:17 am to FLObserver
I talked to a neighbor who is a financial advisor.
He tells his clients the same thing you tell your wife:
Calm Down.
He tells his clients the same thing you tell your wife:
Calm Down.
Posted on 6/13/22 at 10:23 am to beaverfever
So much went wrong with target date funds - the old 60/40 portfolio type methodology is out the window right now.
I feel bad for those that are not emotionally prepared for the roller coaster downward spiral that we are on at the moment.
It will separate those with intestinal fortitude from those without.
I feel bad for those that are not emotionally prepared for the roller coaster downward spiral that we are on at the moment.
It will separate those with intestinal fortitude from those without.
quote:
It’s crazy when you see that the 2025 target retirement funds are performing as poorly as the S&P.
Posted on 6/13/22 at 11:03 am to RoyalWe
quote:
They get paid regardless of performance. That's how AUM works.
Not really
Posted on 6/13/22 at 12:27 pm to oneg8rh8r
I agree, but people aren’t forced to invest with a FA. If someone does, clearly they saw some value in it.
Posted on 6/13/22 at 12:51 pm to FLObserver
quote:
starting to feel the pain in Retirement accounts
Starting? Mine has been since election day.
Posted on 6/13/22 at 1:02 pm to AllbyMyRelf
I think the common person out there has not real idea about that amount of ent and the issues the Federal Reaerve faces these days.
The fed is in a lose - lose situation. We are out of places to hide right now!!
The fed is in a lose - lose situation. We are out of places to hide right now!!
Posted on 6/13/22 at 1:37 pm to KillTheGophers
Good. Bring the pain! Hope every fricker with a 401K and/or not on welfare learns never to vote Democrat EVER AGAIN! And teach your children and grandchildren the same.
Only way people will learn. Hit em in the pocketbook.
Only way people will learn. Hit em in the pocketbook.
This post was edited on 6/13/22 at 1:38 pm
Posted on 6/13/22 at 1:43 pm to KillTheGophers
quote:
I think the common person out there has not real idea about that amount of ent and the issues the Federal Reaerve faces these days.
This was my point. Lady practically blamed the Financial Advisor for the 20% drop in retirement account.
Posted on 6/13/22 at 1:44 pm to FLObserver
I’m up over 12% for the year.
How could you not see this coming. I’m not sure how it’s smart to keep your money in the market when you see inflation coming. The Fed has no choice but to raise rates and we all know what the outcome of that will be. You can’t just print trillions and not expect consequences. Even an idiot like me knows that.
How could you not see this coming. I’m not sure how it’s smart to keep your money in the market when you see inflation coming. The Fed has no choice but to raise rates and we all know what the outcome of that will be. You can’t just print trillions and not expect consequences. Even an idiot like me knows that.
This post was edited on 6/13/22 at 1:47 pm
Page 1 of 3
Back to top
Follow TigerDroppings for LSU Football News