Eh throw it all in the market. If we could predict exactly when to put in and pull out (lol) we wouldn’t be working, we’d be on the beach sippin on some sizzurp with all our profits.
Hey Dill, us “finance guys in the comment section” are getting tired of answering all your people’s questions pro-bono. So, we’re going to start charging for advice. Can we just send the billable hours to your office?
It doesn’t matter what fund family you’re in as far as load goes. They all charge the same, and keeping it within the same fund family be it American funds or MFS gives you breakpoints which is why firms do it. At $1m a client wouldn’t even pay a load. In brokerage accounts at any institution it makes sense to keep it in the same fund family for breakpoint reasons. Moving some of it to another family would actually make it more expensive. Many firms have fee-based accounts that eliminate all load and fund family issues and have different share classes at lower expense ratios because of the wrap fee.
I think you mean a CFP. A CFA is 99% of the time not going to be a financial advisor although there are some, and a CPA isn’t qualified to give investment advice unless licensed. So there’s that. Maybe while we’re at it though I can have my attorney diagnose my high blood pressure.
Sales charges are universal across the industry and has nothing to do with pricing charged by Jones or Ameriprise or Merrill Lynch or anyone in non fee-based accounts. You get what you pay for.
If it’s not emergency money, a Roth IRA is your next best bet unless you have high interest rate loans out. Pay those off first, then put it in a couple actively managed mutual funds inside a Roth and profit in 30 years.
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Shhh don’t say that. Then we wouldn’t have anything to protest about anymore.
Eh throw it all in the market. If we could predict exactly when to put in and pull out (lol) we wouldn’t be working, we’d be on the beach sippin on some sizzurp with all our profits.
Hey Dill, us “finance guys in the comment section” are getting tired of answering all your people’s questions pro-bono. So, we’re going to start charging for advice. Can we just send the billable hours to your office?
Thanks,
Finance guy in the comment section.
That’s what I do with all my clients. I just pick up the other side of the option and all should be merry 🙂
I don’t think he’s a troll, just an idiot.
I… I’m aware…
Naked shorts on the VIX.
A shares or GTFO.
Will moves size.
Hey man, quit while you’re behind and just leave this site. Stop wasting your time caring about other grown men on a site you don’t care about.
I still use rabbit ears.
I’d rather date a girl with a purse, dog. I’ll show myself out.
I mean…..
Good for you 🙂
It doesn’t matter what fund family you’re in as far as load goes. They all charge the same, and keeping it within the same fund family be it American funds or MFS gives you breakpoints which is why firms do it. At $1m a client wouldn’t even pay a load. In brokerage accounts at any institution it makes sense to keep it in the same fund family for breakpoint reasons. Moving some of it to another family would actually make it more expensive. Many firms have fee-based accounts that eliminate all load and fund family issues and have different share classes at lower expense ratios because of the wrap fee.
I think you mean a CFP. A CFA is 99% of the time not going to be a financial advisor although there are some, and a CPA isn’t qualified to give investment advice unless licensed. So there’s that. Maybe while we’re at it though I can have my attorney diagnose my high blood pressure.
Sales charges are universal across the industry and has nothing to do with pricing charged by Jones or Ameriprise or Merrill Lynch or anyone in non fee-based accounts. You get what you pay for.
Go ahead and wear a polo to a $50m closing meeting vs. a tailored Zegna suit and tell us how it goes, chief.
Lol Merril Hoge is a clown.
If it’s not emergency money, a Roth IRA is your next best bet unless you have high interest rate loans out. Pay those off first, then put it in a couple actively managed mutual funds inside a Roth and profit in 30 years.