As an FA I compete once in a while with bankers even at the local level. It’s laughable how they tout themselves as advisors when they don’t even have the series 7. They will sell these bullshit CD ladders in IRA’s that don’t even keep up with inflation.
You walk into a private bank or even a BoA/ML office and they guide you to their “financial advisor” who’s some 30 year old guido in a too-tight black shirt with a white tie and black slacks and brown shoes with an oversized Diesel watch.
Much like attorneys, financial advisors are a plenty, but good financial advisors are few. I know low cost is the thing to do nowadays, but you should pay for good financial advice much like good legal advice — you get what you pay for. Of all things to be cheap on, your financial future shouldn’t be one of them when hundreds of thousands/millions are on the table.
I know a lot of people think they can manage it on their own but most of them certainly cannot. The things I hear people tell me they think as fact are astounding. It may be ok to do your small index funds here while you’re young but as soon as you get married, buy a house, have kids you need to have a professional manage your finances. It takes the burden off of you and allows you to enjoy your life knowing someone is watching over your retirement plan and is making good decisions.
Also yes re: the CFP. I don’t have mine (yet) but definitely look for that when looking for an advisor. It means they are legit amongst the masses of posers that are out there.
Sorry for the rant/advertisement but I feel strongly about this and I have seen people get fucked over because of either a bad advisor or they thought they could manage it on their own.
Tl;dr: Don’t skimp on advice be it financial, legal, medical etc. It pays off in the long run.
He may sound like a prick but it’s the truth. People get tired of reading about folks complaining about their job prospects when they took a degree program that isn’t that in demand or useful. Not saying that’s the case at all with Parker because I have no idea, but it may fall under the category of “I got a comparative lit degree and owe $100k for it and now I can’t find a job. Woe is me.” We all have our struggles but decisions have consequences.
Agreed. Texting is stupid. I know everyone thinks it’s cool and funny to be able to ignore someone but it’s really a trash move so if I need an answer I’m going to call you. Sitting and texting back and forth for an hour as opposed to just calling and figuring it out in 5 minutes makes absolutely no sense.
Yeah I agree. Not going to digress too much but I used to listen to TBP every week and now I haven’t in months. Just has gotten bland and boring with unrelatable or insufferable takes/”bits.”
I guess I just assumed that they’d cross paths at some point but then again I live 1200 miles away from my family so they wouldn’t really meet unless one or the other came out to visit.
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I would tend to agree that one of those contenders is strong 😉
As an FA I compete once in a while with bankers even at the local level. It’s laughable how they tout themselves as advisors when they don’t even have the series 7. They will sell these bullshit CD ladders in IRA’s that don’t even keep up with inflation.
You walk into a private bank or even a BoA/ML office and they guide you to their “financial advisor” who’s some 30 year old guido in a too-tight black shirt with a white tie and black slacks and brown shoes with an oversized Diesel watch.
Much like attorneys, financial advisors are a plenty, but good financial advisors are few. I know low cost is the thing to do nowadays, but you should pay for good financial advice much like good legal advice — you get what you pay for. Of all things to be cheap on, your financial future shouldn’t be one of them when hundreds of thousands/millions are on the table.
I know a lot of people think they can manage it on their own but most of them certainly cannot. The things I hear people tell me they think as fact are astounding. It may be ok to do your small index funds here while you’re young but as soon as you get married, buy a house, have kids you need to have a professional manage your finances. It takes the burden off of you and allows you to enjoy your life knowing someone is watching over your retirement plan and is making good decisions.
Also yes re: the CFP. I don’t have mine (yet) but definitely look for that when looking for an advisor. It means they are legit amongst the masses of posers that are out there.
Sorry for the rant/advertisement but I feel strongly about this and I have seen people get fucked over because of either a bad advisor or they thought they could manage it on their own.
Tl;dr: Don’t skimp on advice be it financial, legal, medical etc. It pays off in the long run.
That train has left the station. About 2 months ago.
I’m gonna guess it’s gonna be somewhere along the lines of “buy high sell low.”
Idk why but I felt like you’ve written a ton of content on here. But lo and behold, it has been 2 years. I’m getting old.
Didn’t think I quoted this site in particular in saying that but my apologies.
I still get my WSJ delivered to my office because I like the smell of fresh newspaper.
He may sound like a prick but it’s the truth. People get tired of reading about folks complaining about their job prospects when they took a degree program that isn’t that in demand or useful. Not saying that’s the case at all with Parker because I have no idea, but it may fall under the category of “I got a comparative lit degree and owe $100k for it and now I can’t find a job. Woe is me.” We all have our struggles but decisions have consequences.
Agreed. Texting is stupid. I know everyone thinks it’s cool and funny to be able to ignore someone but it’s really a trash move so if I need an answer I’m going to call you. Sitting and texting back and forth for an hour as opposed to just calling and figuring it out in 5 minutes makes absolutely no sense.
Yeah I agree. Not going to digress too much but I used to listen to TBP every week and now I haven’t in months. Just has gotten bland and boring with unrelatable or insufferable takes/”bits.”
I just assumed I should pay for healthcare myself when I got a job.
At least the Hoosiers won… er… nvm. 🙁
Obligatory “it’s all down hill from here, chief. *laughter and pat you on the back so hard you stumble forward*”
I guess I just assumed that they’d cross paths at some point but then again I live 1200 miles away from my family so they wouldn’t really meet unless one or the other came out to visit.
Damn you’re engaged and the parents haven’t met yet? AND you’re going to a Michelle Wolf standup? T’s and P’s.
Won’t be long before Halloween is banned. In fact in many schools it already is.
Thought you’d take it more as a compliment tbh.
So eloquent.
Gotta respect it.
Doesn’t sound like your wardrobe back then was too far off from what it is today.