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Re: Another financial advisor horror story...
Old 11-08-2006, 10:21 AM   #41
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Re: Another financial advisor horror story...

Owning a little of everything is a pretty diversified "basket" ... yes, Vanguard has managed funds, heck, they need to make $$ SOMEWHERE.
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Re: Another financial advisor horror story...
Old 11-08-2006, 10:30 AM   #42
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Re: Another financial advisor horror story...

Quote:
Originally Posted by tryan
Owning a little of everything is a pretty diversified "basket" ... yes, Vanguard has managed funds, heck, they need to make $$ SOMEWHERE.
I was being facetious......... The one thing I will share is that EVERYONE has a BUY discipline, but I know of precious few that have a SELL discipline...........DIY-ers or not, sophisticated or not.

Throwing a bunch of money at index funds and checking off the "make sure I have enough money at retirement" from the to-do list Pontius Pilate style is a little too easy.....................
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Re: Another financial advisor horror story...
Old 11-08-2006, 12:31 PM   #43
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Re: Another financial advisor horror story...

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Originally Posted by FinanceDude
Throwing a bunch of money at index funds and checking off the "make sure I have enough money at retirement" from the to-do list Pontius Pilate style is a little too easy.....................
Why should it have to be hard? or complicated?

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Re: Another financial advisor horror story...
Old 11-08-2006, 01:39 PM   #44
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Re: Another financial advisor horror story...

How much sell discipline is necessary. DCA for 35 years into a target retirement fund, withdraw 4% (inflation adjusted) per year from same fund for next 35 years.

Play with it a little if great depression or major market increase. Or just take 5% each year of whatever is in the fund, should last "forever"
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Re: Another financial advisor horror story...
Old 11-08-2006, 02:02 PM   #45
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Re: Another financial advisor horror story...

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Originally Posted by astromeria
It's not so much people "choosing" to be ignorant as they are frightened and frustrated by the unknown, the high stakes, and the conflicting information. It's like doing home repairs--not everyone feels up to the challenge of roof repair, electical work, plumbing--or cleaning out their own chimney --so they let their house deteriorate or hire someone to take care of it for them.
I learned how to fix things by helping my Dad. I never learned anything about investing from him.

Maybe we need a Home Depot for DIY Investing?
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Re: Another financial advisor horror story...
Old 11-08-2006, 02:09 PM   #46
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Re: Another financial advisor horror story...

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Originally Posted by kcowan
I learned how to fix things by helping my Dad. I never learned anything about investing from him.

Maybe we need a Home Depot for DIY Investing?
I thought that was Vanguard.com??
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Re: Another financial advisor horror story...
Old 11-08-2006, 02:39 PM   #47
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Re: Another financial advisor horror story...

Quote:
Originally Posted by yakers
How much sell discipline is necessary. DCA for 35 years into a target retirement fund, withdraw 4% (inflation adjusted) per year from same fund for next 35 years.

Play with it a little if great depression or major market increase. Or just take 5% each year of whatever is in the fund, should last "forever"
Yep - Target Retirement 2015 - and 35 yrs puts me at 98.

Unfortunately for 42 yrs cursed with male hormones - 15% side money searching for 'The Stock' - Postscript to the 4th ed of Graham's The Intelligent Investor. A side effect of the disease is to read a lot of investment 'stuff'.

Ah well - keeps me from ratting the streets late at night or doing wild and crazy things with kayaks.

Successful investing is mostly an act of faith - ala De Gaul or Bogle's "stay the course."

heh heh heh heh heh heh - some things you just gotta go for - even against the odds. ?Saint's in the superbowl This year for sure!!
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Re: Another financial advisor horror story...
Old 11-09-2006, 04:06 AM   #48
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Re: Another financial advisor horror story...

most people do more research on buying a refrigerator than on their own personal finances..

to tell you the truth i think being a financial planner armed with life insurance and immeadiate annuties marketed to the right people can be a very very lucrative business. i wouldnt even need any other products.

id target the group of people that need an extra bang for the buck each month from an annuity and i would sell the life insurance to familys that are 2nd marriages with enough assets to have a nice comfortable life but if one died and a distribution was made to the kids then it would be tough surviving for the remaining spouse.

by selling the life insurance with the kids as benificiaries it would keep the kids from chomping at the bit going soooo when is that bit*h going to die already so i can get my fathers share.


sooooooooo what do you think? new career here?
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Re: Another financial advisor horror story...
Old 11-09-2006, 09:47 AM   #49
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Re: Another financial advisor horror story...

Quote:
Originally Posted by mathjak107
most people do more research on buying a refrigerator than on their own personal finances..

to tell you the truth i think being a financial planner armed with life insurance and immeadiate annuties marketed to the right people can be a very very lucrative business. i wouldnt even need any other products.

id target the group of people that need an extra bang for the buck each month from an annuity and i would sell the life insurance to familys that are 2nd marriages with enough assets to have a nice comfortable life but if one died and a distribution was made to the kids then it would be tough surviving for the remaining spouse.

by selling the life insurance with the kids as benificiaries it would keep the kids from chomping at the bit going soooo when is that bit*h going to die already so i can get my fathers share.

sooooooooo what do you think? new career here?
Well, if you are ok dropping all your moral values to make money, I guess it could work. But, I wouldn't call you a financial advisor............
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Re: Another financial advisor horror story...
Old 11-09-2006, 05:12 PM   #50
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Re: Another financial advisor horror story...

hmmmmmmmm dropping all morals to make money. i think ill leave that to my son, hes a young budding lawyer.
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