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Any tax prep/review recommendations for MD?
Do you peeps meditate?
What’s the consensus here on local firms?
Your best excel tricks💻
BABA
I don’t have independence issues with those two.
Ey2 even hedge fund guys aren’t qualified to pick stocks, so def index.
Right, my point is there are two possible explanations for that: either you’re just lucky, or you’re a better investor than guys who pull 2% management fees from investors despite 90% industry loss rates against the S&P. If you’re actually that good with that little effort, I’m serious you should start a fund. Otherwise, acknowledge that it’s luck to generate 39% ROI by haphazardly picking stocks and don’t encourage other inexperienced people to do the same.
I made a 79% return on 49K this year individual stocks and at least above 28% in the past. I feel safer with individual.
Depends on your firm. EY has a blanket policy you can’t own an audit clients stock even if you have nothing to do with that audit or audit in general. I think other firms are more lenient at the non partner level (others please chime in)
Take a look at MCK and consider over MRK
Buy an index fund or index ETF. You don’t work at a hedge fund, therefore you’re not qualified to be picking individual stocks.
In laws own a hedge fund. Said buy BABA and hold for 20 years.
You don't work at a hedge fund so you're not qualified to pick individual stocks hahaha some of the shit I read on here. Unreal
@KPMG 2 agreed, if those guys’ full time job is to pick right and only 10% beat the market, market index is the way to go. @EY 3 if you really think you’re better at picking stocks than 90% of hedge fund managers with a fraction of the time research and experience they have, you should start a fund.
Thanks for the advice...I'm pretty happy with my 39% YTD return so I think I'll stick to my managing my own finances
I don't haphazardly pick stocks. But thanks chief. Never encouraged anyone to do anything...try reading