Join Early Retirement Today
Reply
Page 2 of 2 1 2
 
Thread Tools Display Modes
Old 08-27-2008, 01:51 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,483
Quote:
Originally Posted by 73ss454 View Post
So if you have let's say 1M and your earning 2% (20K). Now your giving your advisor/partner 1% off the top (10K). He's doing pretty good for no investment of his own.

Now if he's putting you in funds like Oppenheimer he's/she's getting 12B1 fees and a % of the vig to get in.

Read the Bogleheads guide to investing and dump your partner ASAP.

Go to Vanguard or Fidelity where they will give you a free advisor with 1M and if you index you'll pay less than .09%. About $900 in fees on the port of 1M.
At $1 million, he would pay no upfront fees, he buys at NAV........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Old 08-27-2008, 01:52 PM   #22
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
Value, Hmmmm, never thought of it that way.
73ss454 is offline   Reply With Quote
Old 08-27-2008, 01:55 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 2,020
I'll admit that I've often thought about hiring the ol' FinanceDude to handle things so I have more time for important stuff, like posting here...
Marquette is offline   Reply With Quote
Old 08-27-2008, 02:21 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,483
Quote:
Originally Posted by 73ss454 View Post
Value, Hmmmm, never thought of it that way.
On a DIY forum, why would you? Folks on here get rid of their advisors because they "can't beat the index". Well, their advisor was stupid because he/she trumpeted that they COULD "do better" than Vanguard or Fidelity or their "old FA", or whatever.

Why would keep an FA that brings you no value? I wouldn't want a client I didn't bring value to..........

Sorry for the ramble.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Reply
Page 2 of 2 1 2

« Hello from the South!!!!! | Sean from Ohio »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
MMND: Financially Independent? TickTock FIRE and Money 48 03-02-2008 09:25 PM
Do you financially mentor? travelover Other topics 58 08-23-2007 05:42 PM
Have you challenged your insurance company and won? Life_is_Good Health and Early Retirement 4 04-05-2007 04:09 PM
Financially helping the kids Nords FIRE and Money 14 06-05-2006 05:15 PM
Are you Financially Distructive? mickeyd Other topics 4 06-02-2006 03:35 PM

» Quick Links

Contact Us - Portal Page - FIRECalc - Sitemap - Community Rules - Terms of Service - Privacy - Accessibility - Top
Register | | FAQ |a Calendar | Mark Forums Read
© Copyright 2010 www.early-retirement.org. All Rights Reserved.
 
All times are GMT -6. The time now is 04:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.