Too lazy to multiquote, but based on this additional information, "yes" is my answer to your previous question that masqueraded as an answer to the question that prompted your response.

I would probably put your knowledge level at approximately, "could be trusted to heat up hotdogs under close supervision after a few years of training. Might be capable of working up to operating a push-broom under guidance."

Very stupid opinion, sir. How would not knowing the best site to invest a HSA make someone unqualified to know about anything?

And why did you quote that post of mine if you were responding to another post of mine?

Because the ability to have rudimentary knowledge requires at least a rudimentary ability to gather knowledge.

How did you not know the answer to the question you are asking? Also, how did you not know the answer to your previous question?

Because it was strong confirmation of the statement I wished to make. How did you miss that I stated that in my post?

"The smartest man in the markets says passive investing has reached a mania. Stay out of index funds and ETFs, some of which will get liquidated"

So a guy who makes money skimming from his customers says don't invest in index funds? Color me unconvinced.

Out of curiosity, what makes him "the smartest man in the markets"?

Yes. ACTIVE investing is where its at now! didnt you know?!?


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I also watched the Gundlach interview where he said passive investing is following the herd, causing a bubble in the S & P. Kind of made me feel like a b*tch.

So just to confirm, you believe someone who has never had the option to own a HSA should automatically know the best place to start a HSA otherwise that person is stupid and knows nothing about every topic related to this thread?

Not knowing where is the best place to have a HSA is not rudimentary knowledge to those who haven't ever had the option to have a HSA. I hate to keep saying this about you, but that is a very stupid opinion.

32 y.o. small biz owner
I have a sep ira and roth. I want to hit the easy button for my portfolio - anyone have a recommendation of a book/guide etc to asset allocation for indexes or target date funds?

It's fun to have some money in individual stocks but I want to dump money into appropriate funds and not think about it

Look up what asset allocations the target date funds are using and copy that. Or just put your money in a target date fund. 32 is pretty young though so you're probably fine with 100% equities, depending on your risk tolerance, income and goals.

Investing For The Rest Of Us: How To Invest In Stocks Using Index Funds: Passive Investing Strategies Everyone Can Use by David Wright. Free on Kindle Unlimited.

Honestly, if you want a simple 3 fund portfolio:
VTSAX (total US)
VTIAX (total international)
BND (total US bond)

In whatever proportions are appropriate for your age and risk tolerance.

You missed answering my questions. I did take into account that it seemed probable that a person who occasionally touts the benefits of paying for financial services has both an internet connection and has logged into a brokerage account of some sort and has most likely seen that their brokerage offers HSAs.

Similarly, I assume that in a thread about cooking, that most people who post answers will most likely have encountered at least the concept of what a grape is even if they have not had the opportunity to eat a grape. For instance, they will most likely know that it goes into the mouth rather than the ear.

I will grant that there is no natural law in effect that makes it impossible that there exists a knowledgeable foody who doesn't know which orifice that grapes most likely are intended for.

He keeps saying he asked about the best HSA when what he asked was:

Given the amount of effort and research required to find a financial advisor trustworthy enough that giving them a percentage of your net worth every year makes more sense than simply buying a target date fund, it is indeed damning that the forum's most outspoken proponent of financial advisors is asking questions equivalent to "Does anyone know how to use a search engine?".

eh if there's any lesson learned in investing it's don't do what everyone else is doing or you lose your ass.

I wonder if we weren't in the longest bull market in history then people would be less likely to tout passive investing.

There doesn't really seem to be a better play though.

The firm that I invest my retirement accounts offers HSA accounts with high fees to invest. Since this thread is all about paying the minimum fee I thought it would be a good place to start - and seeing as I got my questioned answered I’d have to say I was right.

Of all the stupid/noob questions asked in this thread it is a bit surprising you would jump on me for asking for a recommendation on an account I don’t have experience with.

I think he is pointing out the irony that you often give opinioned advice on important topics around these forums that most people consider to be awful and yet you don't know how to gather simple information about a simple question, which is revealing of an ineptitude that makes your opinions look plain dumb instead of just bizarre.

I don’t think I’ve ever given advice itt, but one thing I’ve said that many itt strongly disagree with is that I believe active will be better than passive going forward. I did google companies that offer HSAs and I didn’t find there was a consensus that x company’s is the best so I asked here what this thread thought was the best.

It is hilarious that my question has become such a big deal. Amazing how tilted people get when someone suggests active could be > passive.

"It is difficult to get a man to understand something, when his salary depends on his not understanding it."

-Upton Sinclair

This was some specific advice you gave out. Hiring someone for even 3% is preferable to passive investing, which is very lol.

Except for my uncle Joe, he’s really sharp and only charges 5%.


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I think he was making a point that the average person who knows nothing is better off overpaying for someone who knows what they're doing vs that person going DIY. I don't think he actually specifically advised anyone to actually do that. His previous sentence seems to imply that by mentioning 1%...

I don't think that's what he meant, but even the premise above isn't true. A DIYer can literally take 5 minutes and figure out a basic strategy to be passively invested with zero to minimal cost.

If that's what he meant, he's absolutely wrong. 3% + 2% inflation, equals net zero, and probably negative if he's anything less then lump sum/buy and hold, which even the most disciplined people cant pull off.

Thanks

Thank you

Some DIYers might, but not all. Please note I said average person. The average person, some, can and will make catastrophic mistakes without properly given and followed advice. The whole point being overpaying someone is less costly than DIYing.

Right, but I think he was just throwing out a larger number than 1% for the purposes of making a point. He could've said 2 or 4 it wasn't particularly important.