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1 June 2021, 09:53 PM | #31 | |
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Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
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1 June 2021, 10:51 PM | #32 | |
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Jason 116610 LN DateJust Pelagos FXD |
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8 June 2021, 07:51 AM | #33 |
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It's sad to hear that a financial advisor didn't help someone. It was a lifesaver for me when I went to one
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8 June 2021, 09:23 AM | #34 |
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This old thread has been brought back to life. We found a great FA locally. Approx a third of our portfolio is with him, and a third is in Vanguard being managed by me. The other 3rd is in real estate and some employer 401K. All is good now, thanks.
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8 June 2021, 10:37 AM | #35 |
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Excellent diversification!
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Jason 116610 LN DateJust Pelagos FXD |
10 June 2021, 07:13 PM | #36 |
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Better to pay an hourly rate for advice than a percentage of your wealth. The only exception is if the FA can put you into IPOs or alternative investments, LPs, etc. that you otherwise wouldn’t have access to. Typically this is only available to ultra HNW individuals.
If you have less than $10M to invest better to stick to index and target retirement funds IMO.
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21 June 2022, 11:37 PM | #37 |
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JPMC's private client program is run based on government training. What did you expect from an analyst who didn't know how to work with clients like you (wealthy more than)
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22 June 2022, 12:49 PM | #38 | |
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Less serious, but genuine, how many minutes of wisdom does 5 bottles of tequila equate to at 2022 billing rates? |
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27 June 2022, 02:44 AM | #39 |
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Real Name: Capt Swerve
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Seek FAs services for a specific advice (e.g., inheritance or tax minimization) or if you feel like you're not cut out for money management (e.g., you don't have any interest in managing $).
In general, to create an optimal portfolio you need two mutual index funds. One covers broad equity market; the other covers bonds and gov't securities. The mix between the funds corresponds to your risk profile. The more risk you want to take, the more your put in the equity fund. Setup automated investment and don't trade, especially when you really want to. The advice stems from financial theory (portfolio optimization) and history.
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