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Hi fishers! I have offer and signed contract with Deloitte UK and my start day is in the beginning of April. I need skilled worker visa, and we haven’t applied yet for that. Screening and onboarding is in progress. Immigration team doesn’t reply since reached me out 1st time. How much time does it usually needed to go through the whole process? How many days take for visa to be approved since application?Deloitte
Why is everyone so down on UWMC?
Any EY Dallas LGBT Fish? 🐠
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Booyahh, landed hedge fund number 2 for IPOs.
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Youre going all out your way to avoid a management fee when you’re clearly someone who needs help managing investments. Being cheap will get you cheap results
Dude you work for Goldman sachs
Talk with an advisor, that is literally their job to help you make those decisions. Lots of different types of advisors… some are fee only for advice, some you pay to invest your money, and some are commission based. I would definitely talk with someone so you have both quality investments and a tax plan.
Thats a relatively sizable amount for initial investment; how you invest and what investments you have access to it will depend on a variety of factors. Your risk tolerance, liquidity needs, time horizon, net worth, income, etc. I would advise that you speak with someone to see how this money your looking to invest plays a part in your overreaching goals. However, you can always go with a robo-advisor if you want professional management at for a lower cost/fee. Personally, my management fee is between 1.00% - 1.45% depending on the asset size, and my clients are willing to pay it for the advise, market commentary and professional management.
It’s not so bad to pay someone who does this for a living. I’m sure you are very good at your job and I’m sure people trust you to perform your job well, when called upon. Similar deal.
Cheers!
What do you do for work?
Mentor
Not to be awful but I agree with everyone here. If you don’t know what you are doing, hire a professional. It’s like you trying to perform heart surgery….can someone mentor me? 😂
Also he posted this in the Financial Advisors board, the irony😭😂
According to studies an advisor adds 3-4% long term compared to people who try to DIY. While there are some who DIY just fine, the average person does not want to make investing a large part of their lives and would be better off hiring a pro to do it.
On $1MM+ you should not need to pay over 1%, which would still net you 2-3% to the positive long term as long as your advisor is any good.
Make sure they are a Fiduciary, and not an insurance salesman playing dress-up.
Also, as has been said on here before, there are FAR too many variables for anyone to give specific advice here. Age, risk tolerance, goals, and more all play into investment/portfolio decisions.
Finally, an advisor should be able to help you create a financial plan. You would never a house without blue prints, but an amazing number of people are willing to invest more than their home value without a specific plan. At $1MM+ a plan should be included in your fees with a good advisor... or seek out a flat rate planner and write a check.
I am curious, if you work at GS, do they not give a discount for management to employees?
Thank you very much for those who gave some good advice. I’ve done a lot of research and I can invest on my own and have before, however, I have not invested this sum of money before or in this way and would like to get all the best advice possible. It may seem embarrassing but closed mouths don’t get fed, so I don’t mind. I will revisit the managed account offerings (which is the account I have opened with an FA) but have been receiving very mixed advice from professionals and colleagues.
Thanks
Like I did say before, if this is after-tax money, there should be some conversations around taxes, availability, risk, income, potential timelines for use, etc. Some models are better for IRA $ vs after-tax $ so please ask about that with your advisor!
If you are one of those who are worried about seeing loses investing a lump sum, best bet is DCA in a broad index like the S&P 500 over your preferred period (I like 18-24 months). Make sure you’re in a good money market. You can sell cash covered puts (historically have used 45-60 days and 12-15% out of the money) to supplement yield.