Yeah my views on this will never change.
Abortion outside of rape / pregnancy that threatens the mothers life is murder.
It isn’t up for discussion with me at all and never will be.
My wife believes the same. And this is a deal breaker for me being with any woman ever.
Compare the rates, don’t take a loss. Another straight forward one.
Go ahead and pay cash if it doesn’t jam up your planned/budgeted investing.
If bauber’s style needs an accountant and shaw’s has a broker, does the bucket strategy need both or neither?
I use both for the money I invest and manage, and account for my own “free” cash. But use a CPA/lawyer to file for all of it.
I do the same thing.
It have a CPA / tax attorney do all my filings and tax strategy.
Ditto. I have a CPA for tax strategy and planning. I have a broker for investing. IMO until your assets are fairly significant you wouldn’t need either.
When would you say this happens?
I guess I’m asking to define “fairly significant”.
Obviously individual answers may vary. For example my advisor won’t touch any portfolio under $1M. His average client is $2-4M. You get very concierge service from him however. Also typically fees vary but the larger the portfolio you have the smaller the general fee. For entry levels investors wanting a full service investor, you can expect to pay 1% per year. If I had to throw a number out there I would say 250k would be the entry barrier of needing a full turn key advisor, but what do I know. Personally, under that 250k, I would just benchmark the S&P or Dow with an index fund and let it ride.
I saw this video yesterday and laughed out loud.
Fuck feminists. They only want ‘equality’ when it benefits them.
My $0.02 are that this information is objective and straightforward.
$1mm is the benchmark for concierge level investing. I would assume the advice to invest on your own below that is because most retail brokerages are going to do the exact same thing (find a fund or two and let it ride), but will charge you to do it.
I would suggest that if you’re unsure of how markets and funds work, paying a point vs inadvertently making a poor investment choice is probably worth it long term.
Agreed 100% that brokers with smaller portfolios will absolutely do this. They can’t possibly provide a high level of service for smaller portfolios as the time allocated would not be worth their percentage of the pie. My current broker is the same guy I started out with and as my portfolio has grown over the past 15 years (16x what I started with) his level of service has too. At this point we have a call almost weekly even if for just 20mins.
As we’ve morphed from car purchasing practices to general financial hygiene of sorts, I would add the “diversification” investment buzzword is important to consider as well. And not just across funds and market accounts, but in to other ventures.
I’ve gotten in to rental investing a little. I’m not a guru by any means but have a few properties in areas projected to appreciate in value, which keeps my initial investment growing, and also generate monthly revenue. This gives me flexibility to reinvest somewhere, or keep the cash where it ultimately assists with things like purchasing vehicles outright or whatever else. Sort of like dividends but you can leverage your investment for revenue sooner - and you can use loans to do it on the same principle BLShaw utilizes to determine whether or not an auto loan is worth it, plus additional tax write offs, but my CPA can explain all of that better than I can.
Lots of passive income streams to look in to once you have the cash. Just make sure they maintain your original equity too.
I moved this over to a thread you guys were already commenting on before. It seems more fitting.
I started a bit late to the game.
I wouldn’t recommend my path. I was still investing / managing myself in the double digits of millions. I made a killing off crypto. I have had very few losses financially I would attribute to luck mostly.
Personally, I don’t see that as chauvinistic. I see it as lovely. Your marriage sounds fair to me. Your wife is able to support herself should something happen to you (you change your mind about being married, as happens in many long marriages)?
I like men. I hide behind my husband when there’s a scary dog or dead thing, but I want his life to be a good one, and I want when he comes home it be to a warm, happy place where he feels relaxed and comfortable. Where his spirit is fed. I create that for the most part. He does it with me, but I saw his before-me house.
I protect us both with money as well. He out earns me, but my money sure is nice. Our money guy is his cousin, and he’s been really happy to have me in the family, with my love of earning and saving. I guess, thinking about it, we probably save more than my income by the time it’s all said and done. I appreciate my husband, and feel safe in all the ways - with the exception of potential cultural movements, i.e. the return of women’s subjugation.
And that’s why I continue to participate in these conversations.
I just noticed the clock and remembered the job I have to get ready for, so I’ll have to come back to this.
I agree with @EmilyQ, you don’t come across as chauvinistic. You just recognise the reality
As a woman though, I hate being smaller and weaker. It’s a scary position to be in and inherently comes with lack of freedom.
And real men hate those who prey upon those who are smaller and weaker. Which is why it’s important for society to encourage and cultivate the continued existence of real men.
Getting rid of real men won’t get rid of the shitty ones.
I found this book to be informative with respect to male archetypes - might perhaps change some people’s perception of “real men.”
That and she would own half of every business we own lol, which is perfectly fair to me. She has been there and supported me from the beginning.
You would have to kill all the good men for this to happen.
This is very true and why I push all women to train and carry. I don’t want women to be helpless as I have a wife and daughter.