Related Posts
More Posts
How will the work be in L&T Technology services?
;; Coming in San Diego. Happy Monday!
How does one find a mentor?
I’m in between projects. I have been for a while now. So if anyone is looking for a freelance copy and u/x writer, put me in coach! I’m available to work.
Check out my portfolio and let me know if we’re a good profit match.
https://www.clippings.me/contentetc
I’m also open to feedback on my portfolio. Thanks!
Daphne
Adderall withdrawal ain't no joke
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Mentor
My advisor got me access to private real estate funds that I couldn’t have invested in otherwise. I’m in 4 private real estate equity funds. One owns 7-8 large apartment complexes and is doing unit remodels, raising rents with the plan to sell once the cash flow is improved. One owns grocery anchored strip centers. It’s things I couldn’t own otherwise. Return has been lower than the stock market for the past two years but 2022 when the market was way down, these did fine. I’m also in 2 private debt deals. One is real estate related, one is just corporate debt. They pay around 9%. I keep most of my stock holding outside the advisors portfolio because I don’t think they can do any better than I can do.
Mentor
I pay a percentage of AUM. It’s a sliding scale that decreases as the balance increases. They require at least $1MM AUM. My contract says that I cannot disclose the rate I pay but it’s between 0%-1%.
A good fiduciary advisor will keep you focused on a plan and a risk model. Advanced ones may have access, or at least know about, investments you wouldn't find yourself. But, it's almost impossible to find a financial advisor who beat the market over the last 10 years. VTI and VOO are basically very inexpensive financial advisors.
?
VTI and similar are broad based ETFs that mirror the stock market indices they are designed to track. They cost almost nothing in management fees, and give you wide exposure to US stock performance. Study after study shows that when you account for management and advisory fees, active management underperforms index based ETFs.
Go check out boggle head investing.
If you have several million to invest, and are looking for something different than a set-and-forget investment, then things like private equity placements, reits, and similar are other options, but realistically, they make no direct sense until you're at $10M+ net worth.
Not even remotely. They charge a ton and offer zero value on investment guidance. A tax advisor as you get close to retirement is worth it though.
It depends on your net worth. In my experience, if you have above $10M of investable assets you’ll get access to quality advice. Below that, you might as well do it yourself.