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Hi All,
Need suggestions here. Please help me out. I was interviewed with IBM and got selected. Waiting for offer letter. Meanwhile got selected in another company and got offer too. Put down my ppr. Offer from another company is way beyond than IBM almost 22% more in terms of fixed. Now I’m confused that once IBM releases their offer then should I ask them to match with my holding or not ? Will they consider for negotiations? What’s your thoughts? IBM
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Nope. I also don’t have $10m+ in investible assets.
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Yeah K1 has it. If you have PE fund money, it can make sense for entree to funds.
Otherwise for the most part you’re paying 1% to underperform markets
I do not, and technically I am one (thank you, Dodd Frank). Any idiot can pass the Series 65.
It is very easy. I took it and started an investment advisory firm that only advises the funds I manage. Even though we’re in commercial real estate, buying LLC member interests is advising an entity (fund I run) about the purchase and sale of a security. So I had to become a financial adviser to essentially advise myself. A total joke, but, well, government and all. And the Series 65, I’ll reiterate, is extremely easy.
I have one. I'm 25 with ~$150K in assets but I have property and want to own more, so bouncing questions off of him and his knowledge has helped thus far
Fees are 1%. He calls me and makes trades on my behalf, focuses on other markets I hadn't thought of, helps with interest rate knowledge, loans I can take out on my portfolio/401K I didn't know about.
I majored in finance work in finance strategy so am pretty financially literate; however, his active management and advice has helped my portfolio and knowledge grow
If you look @ modern wealth, value is primarily derived from planning, banking, tax strategy and alts.
Planning - strategy to balance various elements of one's life, goal setting, ect
Tax strategy - working with highly concentrated stock positions, tax loss harvesting through brokerage accounts, ect
Bank - lower mortgage %, lines of credit, ect
Alts - mostly private investments, non correlated to public markets, better risk/ return
Apologies on any spelling mistakes typing and walking. Hope that helps
No. Financial advisors don’t tell me anything I can’t learn on my own. Plus they have fees that are obnoxious.
Yeah paying a 1% fee to underperform the market is wild.
D1 I think your advisor has conditioned you to think you can't do this stuff yourself but it really is so easy. I would never pay 1% of assets for the things you mentioned in your other comment.
What's the typical minimum investment size in alternatives through wealth managers? (E.g. for PE funds?)
I found value with mine. Applied a good risk tolerance and goals for both me and my wife and suggests investments accordingly. Has access of alternative investments. Got me over my analysis paralysis. He is a fiduciary and has a handle on my entire financial situation. Assists with estate planning. If I get hit by a bus, my family will have someone to step right in who knows the entire financial situation and complexities. He is a fiduciary and can serve as a trustee if necessary. I retired early and I want to stay retired. If I screwed up my financial situation it would cause some marital stress. I also don’t want to focus on investing all the time. I want to live out my retirement dreams and just monitor performance. Finally based on my assets, it is a .25% fee.