Anyone have any experience with FINANCIAL ADVISORS during the last crash?
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Poast new message in this thread
Date: September 23rd, 2019 1:41 PM Author: Appetizing Dingle Berry Chapel
most dont know anything more than anyone else
(http://www.autoadmit.com/thread.php?thread_id=4349199&forum_id=2#38873509)
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Date: September 23rd, 2019 1:41 PM Author: Primrose fragrant point codepig
most financial advisors are morons
of course they got caught w their pants down
(http://www.autoadmit.com/thread.php?thread_id=4349199&forum_id=2#38873510) |
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Date: September 23rd, 2019 2:17 PM Author: Primrose fragrant point codepig
if there's a recession, it depends on the type.
if it's deflationary, you want to own long term treasuries
if it's inflationary, you want to own cash and maybe gold
in terms of crypto, just buy a tiny bit of btc/eth/xtz (maybe 50-25-25) and forget about it. if you try to move in and out of the market, you will probably fuck yourself.
(http://www.autoadmit.com/thread.php?thread_id=4349199&forum_id=2#38873667) |
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Date: September 23rd, 2019 2:20 PM Author: Primrose fragrant point codepig
most financial advisors don't put you in only an s&p 500 fund. they try to make it fancier by adding small-cap, value, international, energy/mlp stocks, reits, etc.
of course, hilariously enough, all those tilts have massively underperformed plain vanilla s&p 500 exposure over the past 10 years.
a good advisor will assess your psychological makeup, assets, liabilities, and construct a portfolio around them, in addition to helping you with tax, estate, etc. planning.
(http://www.autoadmit.com/thread.php?thread_id=4349199&forum_id=2#38873688) |
Date: September 23rd, 2019 2:27 PM Author: Curious bright church tattoo
Financial Advisors ("FA's") are salespeople. At most they have some fraud credential like a CFP (LOL @ Julia striving for that). Literally all they do is a risk profile for their clients and then place them in a predefined portfolio that was created to align with that profile.
That's it, they have no market knowledge or savvy beyond the average idiot on the street. It's 100% a relationship job that boils down to telling people not to try to time the market and stick in it for the long term.
(http://www.autoadmit.com/thread.php?thread_id=4349199&forum_id=2#38873756) |
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