Is there any benefit to private banks/wealth managers? Cracked the $ threshold they typically set. What do you get?

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Emotional ball tickling to make you feel special and the odd gift.

Other than that, wealth managers are good at navigating the legal, regulatory, and tax implications of utilising large sums of money effectively.

If you don't do anything with your money apart from vanilla consumer saving/investing, it's not worth paying for one.

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Better to hire an accountant, attorney, and CFP if you feel the need. Complicated schemes cooked up to “improve performance” are riddled with fees for the advisor.

I work with a couple of CFPs and they have been well worth it for our family. Let me know if you want their contact info. Can’t hurt to have the conversation.

Pending your “level”- they may have investment opps not available to the general public like IPO allotments, Secondary markets to PE funds, exchange funds (not to be confused with similar sounding but vastly different ETFs). Sometimes these products are trash and not worth it and collect high fees - other times they are good. The main benefit in my opinion is having a one stop shop for all your financial needs and a single person quarterbacking it. Also have seen some interesting liquidity options if you have a liquidity constraint (want a $50M art piece but you have a significant portion for your wealth tied up in PE funds or some stock position you can’t exit- they’ll cut a loan using your yacht as collateral)

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I feel bad because I think I left money on the table. I demanded something (as a plantiffs PI) and the OC actually thought it was reasonable. This why we come in so high sometimes. Ugh.

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I found out a colleague who is the same rank/group/office as me has a 15k higher salary... Isn't that pretty ridiculous?

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My first appointment with a therapist to help manage my anxiety was canceled at the last minute... just what i need after spending days preparing for this session 🙄

Hi fishes,

Are there any opening for Scrum master position at lti yoe 4.6
Can join in less than 30 days

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Hello All.

Is this a good time to try and change companies or is it best to wait and see how the recession will affect the markets?

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How are you guys finding the brand strategy firms these days? I.e. Landor, Wolff Olins, etc. Growing & a good place to go as an alt to ad agencies?

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If you haven't seen it already, #ADHD2022 is trending on twitter, professionals from all over the world are discussing ADHD put on by CHADD (Children and Adults with ADHD/ADD). If you went or are virtually attending the conference, please share your experience! Cool thing to check out.

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Hi all! So first, husband and I are both 28. I’ve been pregnant before and had previous child at 23. I was obviously way younger. Didn’t even try to get pregnant back then. Fast forward five years later, want a baby badly. I am 50 pounds more than I was at 23. And my periods are now irregular. I do get them every month which the obgyn thought was a great sign. But I’m still not pregnant. I cant pinpoint ovulation as some months my period is 29-32 days and last month it was 45. Help

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Mom will be visiting me for a month but I'll be traveling Mon- Thurs every week. How do you all handle this to make them feel not ignored?

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12/23 Thread (General):

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How much do you take home after tax and maxing pre tax 401k while making 144k? Not sure if I'm doing something wrong with my withholding. I'm married filing jointly withholding at a single rate, 1 federal and 1 state. DC location. I'm only taking home $6k a month.

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Producer (social/some integrated) to product management (non technical)? I’ve been in social advertising for 4 years as a manager but did UX for a bit. I love managing teams but falling out of love with the work/life balance of advertising. Is it possible to pivot to tech again and also is the work life balance better? And if so courses I should brush up on? TIA!

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I was recently offered a “promotion” from Senior Director to… a Senior Director with a much bigger team.

I’m basically doing the same role the VP did before me (brand, campaigns, strategy, design, web, content all under me).

I was offered NO pay bump with the additional responsibility and NO title change. My base is 200k… and my highest paid direct makes 180k for doing about 1/2 the work. I get no equity because we’re private.

I work for a very profitable tech company. Is this fair?

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What’s up with the Harvard / Stanford or bust mentality here with MBA applicants? Lots of excellent schools in the top 10. Don’t see how Booth or Columbia would give you substantially different outcomes unless niche PE roles.

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I’m looking to get into commercial real estate as an analyst (pref in acquisition side). I’m older (43) but I’m willing to start entry level. Do I need to know Argus and how to model deals are is that something I can learn on the job?

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Im a BDM 22 year old on £25k per + commission. Over £500k sales this year and I’m thinking of asking for a salary increase.

Is there a smart way to propose this?

I don’t want to undercut myself and I don’t want to overshoot the mark. Im keen energetic and confident in my sales abilities.
I believe I should be earning more base salary and promoted to a higher position.

Should I wait for things like this or is don’t ask don’t get really important here?

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I’m considering Schwab roboinvestors to manage my investments actress various index funds aligned with my risk profile. Aside from the large 6% cash requirement, what are other downsides?

Additional Posts in Personal Investment Chatter

I was looking at the 2020 census data, and towns in southern California have median house value of $1M+ but the median income is only $100k. What am I missing here?

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How are you all treating your 401Ks? Are you just letting it sit there or are you reallocating?

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what’s the most you’ve spent on brunch 🤣

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I haven’t used my credit cards in years. They may close the cards unless I make some transactions. Shall I continue to keep these cards?

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Should I refinance a student loan of $9000 from 3.85% to 3.33%? I plan on paying within 15 months. Or is it better to invest?

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VOO, VTI or ARKK for first investment in Roth IRA? 23 years old for context.

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What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

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Has anyone ever done a postnuptial agreement? At the time of marriage, my spouse and I were relatively equal in terms of finances. I recently came into a large inheritance, and have also had more rapid career success. I’m not trying to be cynical, just trying to be smart. Nobody thinks they will get divorced. This would make me feel much more comfortable. Any guidance?

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My partner and I are in our late 20s and spend about $6k a month all in in HCOL area. We gross a bit over $400k annually. Is that reasonable?

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1 yr treasury bills almost at 4% interest. Maybe not a bad time to buy bills for those looking for a short term investment (assuming you’ve already maxed the Series I bonds)

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How much do you take home after tax and maxing pre tax 401k while making 144k? Not sure if I'm doing something wrong with my withholding. I'm married filing jointly withholding at a single rate, 1 federal and 1 state. DC location. I'm only taking home $6k a month.

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I’m considering Schwab roboinvestors to manage my investments actress various index funds aligned with my risk profile. Aside from the large 6% cash requirement, what are other downsides?

People investing in rental real estate what’s your ROI this year? My profit divided by current value is barely above 3% (and that’s with no renovations and 100% occupancy). Should probably sell it and invest elsewhere...

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After I max my 401k/Roth IRA, I put $ in my individual brokerage (all through fidelity) via transfer from my bank acct…is there a better or more tax advantaged way?

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I’m a first time home buyer and trying to figure out how to get started. Any good resources you all have come across or tips in general? Specific question in comment below

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25 95k net worth, at what point would it be worth it to have someone managing my money in the stock market rather than doing it myself? when I hit 200k net worth?

For reference I do my own investing now but don’t really understand a lot of it and am not particularly interested in reading up…

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I make $140k in New York. Should I invest a Traditional 401K or a Roth 401K or do a split?

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Did you share with your family when you hit a 1M net worth?

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What are you doing with the money you are saving right now?

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Should be close to breakeven after todays market gains (Invested around 60k during early days of market decline). How many of you are thinking about pulling money out today?

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