are you looking for people to become lps and you collect a fee for each?

Well, the first one said, "no." The second one said that it would provide absolutely no value, so "no."

Seems very cut and dried and simple, and that you just didn't like their judgment.

Not really worried whether you are offended by my lack of being in line or offering respect. If you told a good joke, I would respect that.

Hey Rick,
Not familiar with the shorthand "lps."
Fund is my dad's and his partner's. There was a financial incentive floated by the trader that if I brought people into the fund he would give me some % of what the fund (my dad and his partner) pay him to trade their funds.
I'm not looking to outsource sales of the fund, if that's what you mean. Just a personal project. Would do it for my dad regardless. They're at 3million and looking to grow.

You were a dick to me for no reason and you know it. I provided direct but polite replies to the mods who responded and you felt the need to come in and 'shut me down'. As if anyone's behavior on this forum is subject to democratic approval of other forum members.
In your defense, I don't think you actually understand what is problematic with what you did. That's a problem that affects a lot of 2p2 users with high post counts like you. You have this attitude that it's "your space" and treat any non-regular poorly by default. This is not my first rodeo on here, very familiar with the type.

True.

False.

True in relationship to the first part, false in relationship to the second part.

Can anyone good with money provide a little guidance as to whether I'm investing wisely?

I have most of my net worth in high yield savings accounts earning around 4% and around 1/5 in an IRA (that I max out every year) spread across various mutual funds, ETFs, and a little Apple. I'm 35. I read that major firms are bearish on the market so I am reluctant to over-commit my savings there right now and would rather wait for the next dip. Can someone tell me if I am doing this wrong? I still don't own a home but I also don't have to pay rent so there's no incentive to buy anytime soon with prices and rates high.

Between my poker income and day job which I won't have much longer I am earning quite comfortably and I keep my expenses quite low. Thanks!

You'll get more thorough advice at bogleheads, although most people there are very anti-market-timing. I tend to agree with them that market timing is futile, although I hypocritically do it myself, and I'm currently underweight equities. You could get more than 4% right now in various money market funds, like VMFXX. Or you could use something like CLTL or VGSH if you want a bit more yield or a bit longer duration (respectively). I don't think there's a good reason to own a bunch of different funds in your case, or to be overweight AAPL as if you know more than the market on that stock. It's not exactly underfollowed.

Since it's tax sheltered anyway, I would just sell everything in the IRA and use that money to buy VTI. It'll save you mental energy and it'll even have a slightly higher EV than whatever higher expense-ratio funds you're holding in there now. Waiting for a dip before you invest your fixed income into equities is whatever, but try to establish some objective criteria for what the dip looks like, lest you forever keep that money on the sidelines. A lot more money has been lost waiting for a dip than has been lost buying too early.

Just run a retirement simulation with something like this. I posted some more thorough ones months back in some thread that take into account risk tolerance too.

https://www.financialmentor.com/calc...ent-calculator

https://www.calculator.net/retirement-calculator.html

Those are super basic. Ideally you want one to include asset mix % like bonds and stocks. You sound like you are conservative from what you are doing now and aren't comfortable 100% in stocks. You need to figure out your risk tolerance. If the calculations show you can hit your goal being 60% stocks, 40% fixed income or whatever that's fine. You dont want to be 100% stocks if that isnt a fit for you.

The last thing you want to do is be 100% stocks and panic sell in a 40% market correction or do something silly bc you just were never comfortable w your portfolio. Its a marathon. Generalized vanilla advice isn't for everyone because everybody is different and has their own situation and goals.

If you have low fee, low expense ratio no load mutual funds and ETF's those may be fine. What are the funds? ETFs? What kind of IRA is it? Roth? Traditional?

Congrats on the Apple. It's at new all time highs. Many people probably don't realize that. Especially if they aren't tech savvy. Nothing wrong with being underweight in terms of overall portfolio (which is what I read )a few stocks especially if they are making new all time highs and have a bright future with strong management and fundamentals.

If you really want some advice , tell me first how many books about investing from reputable authors (who are they? ) have you read ?

Its essential to read . I see on this thread some good info but also a lot of confusion

What you ask is impossible , even if you would detail all the investments you have , its a lot of work to see in what assets they invest , the global cost , the management of the funds...so on

You mention ETFs.. there are over 3000 of them , and while some are great , most are awfull

Simplify things , SP500 is one of the best options

The easiest way a lot of people would make 5%/7% or whatever + is to automate the buys once or twice per year and just forget it

4% isn't terrible for your savings, but you're giving up between 3-7% per year, compounded, against the market on average. Major firms may be saying that they're bearish on the market but they're not going fully risk-off. You could pour the savings into the market right before a 20% crash, or, you could catch it right before a 20% rally. Impossible to say.

I'd say dollar cost average your savings into the market in a relatively short time frame like 6-18 months.

Another good way to check your ETF's is to check the Managment Expense Ratios on them (MER's)
If you bought any bank ETF check the MER. You are probably paying 2% in MER per year . Sell it all and buy it back in the comparable Vanguard, it will likely be 0.2% or less. If your funds are over 100k. Make the account Self Directed.

For those who asked: I’m in VT VOO SPY and QQQ. BUFIX for some real estate exposure without the hassle and SNXFX as well. It’s a traditional IRA. I’m not overexposed to any of them. And then some apple. Warren Buffet said some nice things about the company a couple years ago so I figured give it a try.

I haven’t read much of anything on investing. I want a lower risk portfolio with good returns over the long term.

I just opened a brokerage account but haven’t deposited anything yet.

You're a tad over diversified with VOO and SPY. VOO has half the expense ratio of SPY with a .04% expense ratio. So you might consider dropping the SPY for VOO. VT is a good fund. Nothing wrong with emerging markets exposure. QQQ is fine. I saw the Schwab has a low expense ratio but I'm skeptical of that one and especially BUFIX. Don't think those are gonna help here. At first glance I'd say ditch those and just stick with those others. Need to resesrch them more but best case I wouldn't go over like 5% of your total port in those.

I used to work at top 10 financial company and had securities licenses. No longer though. You're doing real good. You'd be surprised at the crazy stuff that's out there. Hopefully you have a level term life insurance policy if you even have it. There are people with increasing term life out there. Lol. Keep at it. Keep a detailed monthly budget and stay out of debt and u should be fine.

Lower risks over the long term is significantly different than lower risks over the short term.

Just keep buying more low cost stock funds as money becomes available. VT and VOO and SPY already have real estate in them. Try not to think too much about it.

Checked out the Schwab one. It's bad. Didn't perform as well as the benchmark since inception or the last 10 yrs. Plus it's holdings are large companies which is what you already have with VOO. It's a large company fund like VOO. Saw 9% since inception vs benchmark 10%.

https://www.schwabassetmanagement.co...xfx-fact-sheet

Buffalo looks good. It beat its benchmark it looks like over 10 years by 2% or so. Thats good. Saw conflicting data on Yahoo finance. The prospectus should be accurate. 1% expense ratio for an internatonal fund is about on par. You could prob find a very slightly better exp ratio and the same kinda fund but its ok since they are consistently crushing their benchmarks. Last 5 years they are doubling it. That's a real good fund.

Thanks everyone! I'll ditch the schwab fund since it's underperforming, in favor of the others.

Just a quick question on trading. How hard is this? I have never traded before. I am a decent/good poker player who made money grinding live and online. I am bored with it though and not sure what to do. In the future I am looking at becoming a boxing promoter, this will start slowly.

What is the advice nowadays for trading? Are books worth it or out of date? Do I need to find some edge? My friend told me to trade. I said I have no edge. His response was that with my money I can nip in and out of the market, the big men are moving billions around. He was advising me to see if i can make 20% a year on the money I have. Is trading near impossible for most or doable?

Thanks.

I would absolutely suggest that you find some edge. Your friend was on to something when he said the big guys are moving/working with millions & billions of dollars. Thus, try to work where they do not. Go to the small and micro caps. This is NOT an efficient part of the market.

You also probably need to get specialty in some industries.

You are also going to have to do a lot of work & research. There is no other way.

If you can do the above, you have a shot to beat the market. I know people that have done it and continue to do it, but it is not easy.

Question about something I heard on a random podcast today: "Banks business model is to borrow short and lend long".

I understand what long/short mean in terms of taking a position on a stock/commodity/etc...but when I heard that quote I realized I don't quite know what they're talking about in this context. What does borrow short and lend long mean?

borrow money on a short term basis and pay out a low rate of interest, eg your current account

lend money long term at a high rate of interest, eg your mortgage

Hey folks - has anyone used a money manager in the past? How was the experience? How much liquid do you need to have to make it make sense (I realize that's not the key, nor the only question).

About me:

I'm 45 and looking to stop making lazy mistakes with my finances. I have a reasonable amount across:

- Multiple 401ks (~25%)
- Cash (earmarked for another home purchase - which has been sitting as cash for 6 years - massive leak #1) 24%
- Index funds (VOO, QQQ, MTUM, SCHB, SCHM, VTI, ARKW) 30%
- AMZN, SFDC, GOOG (21%)

I'm a W2 guy with nothing but my mortgage for deductions (no kids, unmarried).

My best friend of the past 30 years has made a great living as a wealth manager - and has never pushed it - or even suggested managing my money. I asked him about double exempt ETFs as an alternative to my habitual mismanagement of the cash (sitting at 4.25% savings account) - and he offered to help. Thing is, while I know and trust the guy entirely - I'm not sure I want to pay whatever I'd be paying - for whatever I'd be getting. That said - it kinda seems like i've been fumbling the bag for many years.

If your lawn looks like **** and you've proven over time that you are incapable of taking care of it, you ought hire a landscaper.

It's a good point. Have you used a financial advisor? CFP? Would you recommend it?

While sitting on the cash is definitely not ideal - it's also the cost of plans changing - and I'm not sure a financial advisor would have changed that. Perhaps - but I suppose that's why I'd like to know more about folks experiences. What they learned, why they continued or discontinued the relationship, etc.

I enjoy doing my own financial stuff, so no. If I didn't enjoy it or wasn't good at it, I'd hire one in a heartbeat.

Most of the people here are interested in financial stuff. You might have better luck by talking to your actual friends and family.

Yeah - I've spoken to a lot of folks - it's just hard to get well thought out, articulated answers. The reason I created a new account here is because I posted a ton from 2000 - 2014 (and have lurked sparingly since) - and know a lot of folks personally from that time. I was hoping for an unbiased opinion from some well thought out folks.