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February 19, 2013 at 9:55 AM #759757February 19, 2013 at 9:56 AM #759758
bearishgurl
Participantflu, you are free to sit all day with your quickbooks acct up on your toolbar and the NASDAQ in “real-time” on another popup, managing your life with a fine toothed comb from an internet connection from “8 to 5” and beyond.
I just hope nothing “expensive” ever happens to you throughout life for which you have no control over :=0
February 19, 2013 at 9:57 AM #759760an
Participant[quote=bearishgurl]flu, you are free to sit all day with your quickbooks acct up on your toolbar and the NASDAQ in “real-time” on another popup, managing your life with a fine toothed comb from an internet connection from “8 to 5” and beyond.
I just hope nothing “expensive” ever happens to you throughout life for which you have no control over :=0[/quote]Uh, you mean like having cancer?
February 19, 2013 at 10:05 AM #759767Coronita
Participant[quote=bearishgurl]flu, you are free to sit all day with your quickbooks acct up on your toolbar and the NASDAQ in “real-time” on another popup, managing your life with a fine toothed comb from an internet connection from “8 to 5” and beyond.
I just hope nothing “expensive” ever happens to you throughout life for which you have no control over :=0[/quote]
BG,
Well gee .. I’d say going to get chemotherapy weekly/biweekly for the past year, feeling like shit half the time of my week, and meanwhile holding on to my otherwise higher stress job at the same time + getting promoted last week in the process (obviously because I was lazy) + closing on a shitty rental property during this period + raising my kid + managing my finances without getting my ass handed to me + looking for a newer SFH + dealing with tenants…all at the same time…
You’re right… I have it way too easy…I’m just sitting on my ass all day….
Sorry, if I have very little tolerance for excuses…Because frankly, you’re right life isn’t fair. A lot of people had it a lot easier than me. But what? You think I want a squeaky violin/sympathy vote. No thank you…
February 19, 2013 at 10:07 AM #759769bearishgurl
Participant[quote=flu][quote=bearishgurl]flu, you are free to sit all day with your quickbooks acct up on your toolbar and the NASDAQ in “real-time” on another popup, managing your life with a fine toothed comb from an internet connection from “8 to 5” and beyond.
I just hope nothing “expensive” ever happens to you throughout life for which you have no control over :=0[/quote]
BG,
Well gee .. I’d say going to get chemotherapy weekly/biweekly for the past year, feeling like shit half the time of my week, and meanwhile holding on to my otherwise higher stress job at the same time + getting promoted last week in the process (obviously because I was lazy) + closing on a shitty rental property during this period + raising my kid + managing my finances without getting my ass handed to me + looking for a newer SFH + dealing with tenants…all at the same time…
You’re right… I have it way too easy…I’m just sitting on my ass all day….
Sorry, if I have very little tolerance for excuses…Because frankly, you’re right life isn’t fair. A lot of people had it a lot easier than me. But what? You think I want a squeaky violin/sympathy vote. No thank you…[/quote]
You forgot about your x-mas present to yourself … which turned you into a “Certified Miata mechanic” in your “spare” time :=]
February 19, 2013 at 10:10 AM #759771SK in CV
Participant[quote=flu][quote=SK in CV][quote=flu][quote=SK in CV][quote=flu]
The only time money managers might be helpful is someone completely financially irresponsible..But chances are, those folks have nothing worth managing :)[/quote]I think maybe our host on this blog might have a different opinion.[/quote]
He’s different.[/quote]
Nice save.[/quote]
What?
He’s different.
There’s a difference between getting advice (and paying for it) and being ignorant/risk adverse and turning the kingdom over to someone completely.
And a majority of money managers available to average joe do not have your best interest in mind.
You’re just full of nit picking aren’t you SK? π
You know what. Forget it.. I take back what I say. I’m wrong. Most money managers for average joe are great at what they do. I think everyone should turn there money over to a complete stranger, completely count on them, never try to understand what they are getting themselves into, listen to whatever money manager says as 100% accurate..And in the unlikely scenario that the investment/speculation blows up, call up our government and ask for a bailout…Seems to work for real estate.[/quote]
I just take exception to the broad brush you waved in your comment. I don’t think it’s nit picking. It just isn’t black and white. It isn’t all money managers and investment advisors are worthless. Or most are great at what they do.
Some are very competent and do a great job. Some aren’t the least bit interested in the well being of their clients, only their own paychecks. And some are scam artists.
February 19, 2013 at 10:47 AM #759780Coronita
Participant[quote=bearishgurl][quote=flu][quote=bearishgurl]flu, you are free to sit all day with your quickbooks acct up on your toolbar and the NASDAQ in “real-time” on another popup, managing your life with a fine toothed comb from an internet connection from “8 to 5” and beyond.
I just hope nothing “expensive” ever happens to you throughout life for which you have no control over :=0[/quote]
BG,
Well gee .. I’d say going to get chemotherapy weekly/biweekly for the past year, feeling like shit half the time of my week, and meanwhile holding on to my otherwise higher stress job at the same time + getting promoted last week in the process (obviously because I was lazy) + closing on a shitty rental property during this period + raising my kid + managing my finances without getting my ass handed to me + looking for a newer SFH + dealing with tenants…all at the same time…
You’re right… I have it way too easy…I’m just sitting on my ass all day….
Sorry, if I have very little tolerance for excuses…Because frankly, you’re right life isn’t fair. A lot of people had it a lot easier than me. But what? You think I want a squeaky violin/sympathy vote. No thank you…[/quote]
You forgot about your x-mas present to yourself … which turned you into a “Certified Miata mechanic” in your “spare” time :=][/quote]
BG, my point is. Life isn’t fair. We aren’t on equal footing. But unless a person really is mentally challenged, if a person wabt something bad enough, go fvcking get it.
Very rarely are things ever going to be spoon fed to you. Very rarely is anything “easy” or “guaranteed”. If it were, everyone else would be doing it. Because fundamentally humans are lazy..If I don’t understand something, my options are (a) to completely ignore it or (b) understand it and then decide.
(a) means you *might* pass up opportunity
(b) You might end up wasting a lot of time with no expected outcome.Take your pick…But if you decide door (a), while it would be pretty funny for folks that opened door (b) and failed miserably such that we can mock them….don’t complain if the same person that opened door (b) didn’t fail. It might have been luck, it might have been work or both… It doesn’t matter. It was your choice for (a)….they chose (b).
I could sit here and make excuses for why I didn’t buy a bette home or more property in 2011, like I wasn’t feeling well, or I wasn’t around in SD or etc. The real truth is I chickened out and didn’t want to commit to it unitl much later…Oh well….Kudos to folks that managed to have the ball to scoop things up when everyone else was screaming with their heads cut off….
February 19, 2013 at 10:51 AM #759783Coronita
Participant[quote=SK in CV][quote=flu][quote=SK in CV][quote=flu][quote=SK in CV][quote=flu]
The only time money managers might be helpful is someone completely financially irresponsible..But chances are, those folks have nothing worth managing :)[/quote]I think maybe our host on this blog might have a different opinion.[/quote]
He’s different.[/quote]
Nice save.[/quote]
What?
He’s different.
There’s a difference between getting advice (and paying for it) and being ignorant/risk adverse and turning the kingdom over to someone completely.
And a majority of money managers available to average joe do not have your best interest in mind.
You’re just full of nit picking aren’t you SK? π
You know what. Forget it.. I take back what I say. I’m wrong. Most money managers for average joe are great at what they do. I think everyone should turn there money over to a complete stranger, completely count on them, never try to understand what they are getting themselves into, listen to whatever money manager says as 100% accurate..And in the unlikely scenario that the investment/speculation blows up, call up our government and ask for a bailout…Seems to work for real estate.[/quote]
I just take exception to the broad brush you waved in your comment. I don’t think it’s nit picking. It just isn’t black and white. It isn’t all money managers and investment advisors are worthless. Or most are great at what they do.
Some are very competent and do a great job. Some aren’t the least bit interested in the well being of their clients, only their own paychecks. And some are scam artists.[/quote]
Ok, can you recommend folks a good money manager who’s willing to manage someone starting out…..Say less than $100k? It’s a serious question. Because if so, i take it back and I’ll pass the word on to folks I know who are starting out who don’t want to do it themselves.
I haven’t seen any money managers that are good willing to manage an asset pool less $100k..Some require a minimum of $250k, which is more than what most average joe’s have.
February 19, 2013 at 10:59 AM #759785an
Participant[quote=flu]Ok, can you recommend folks a good money manager who’s willing to manage someone starting out…..Say less than $100k? It’s a serious question. Because if so, i take it back and I’ll pass the word on to folks I know who are starting out who don’t want to do it themselves.
I haven’t seen any money managers that are good willing to manage an asset pool less $100k..Some require a minimum of $250k, which is more than what most average joe’s have.[/quote]I’ll second this. I can use a good money manager who have a proven track record of beating the index and have a minimum <$50k. I'm being serious as well. The reason for <$50k is because I want to start small to see if their performance can be trusted before I put in more.
February 19, 2013 at 11:03 AM #759786bearishgurl
Participantflu, if it turns out to be not worth it to “upgrade” your primary residence, you can just “remodel” the one you have to suit you. I don’t see you losing money on that, unless you put in a pool … and maybe not even then.
The bottom line is, your kid(s) live in the attendance area of the “highly-acclaimed” TPHS. That’s as good as it gets there in CarmelV. You aren’t going to get better schools by buying a house in the same area which costs $200K + more than yours will sell for.
Schools ARE the reason why you wanted to live there in the first place, right?
February 19, 2013 at 11:08 AM #759790Coronita
Participant[quote=AN][quote=flu]Ok, can you recommend folks a good money manager who’s willing to manage someone starting out…..Say less than $100k? It’s a serious question. Because if so, i take it back and I’ll pass the word on to folks I know who are starting out who don’t want to do it themselves.
I haven’t seen any money managers that are good willing to manage an asset pool less $100k..Some require a minimum of $250k, which is more than what most average joe’s have.[/quote]I’ll second this. I can use a good money manager who have a proven track record of beating the index and have a minimum <$50k. I'm being serious as well. The reason for <$50k is because I want to start small to see if their performance can be trusted before I put in more.[/quote] Your mileage may vary... When I tried to do the same thing, the first thing they wanted to know is what is your total net worth and asset allocation. And rightfully so, they wanted to do a health check on where you are at and where they think that want to take you. You can lie to them and say you only have $50k, but then you wouldn't be off to a very good start with someone you're suppose to trust. Or you can tell them you only want them to manage $50k and never anything more..At which point, they might tell you to take a hike or they might do it anyway for a trial period with the understanding it must be more in the future...
February 19, 2013 at 11:11 AM #759793an
Participant[quote=flu]Your mileage may vary…
When I tried to do the same thing, the first thing they wanted to know is what is your total net worth and asset allocation. And rightfully so, they wanted to do a health check on where you are at and where they think that want to take you.
You can lie to them and say you only have $50k, but then you wouldn’t be off to a very good start with someone you’re suppose to trust.
Or you can tell them you only want them to manage $50k and never anything more..At which point, they might tell you to take a hike or they might do it anyway for a trial period with the understanding it must be more in the future…[/quote]I have no problem to let him/her manage more in the future if the net return exceeds the market. If they’re that confident in their performance capability, I don’t see why they wouldn’t start with a low limit to hook in the younger crowd who have high income growth but doesn’t have $100k in cash.
February 19, 2013 at 12:32 PM #759801dumbrenter
Participant11. You actually take time to read this contradictory list instead of getting some work done that actually pays.
12. You spend too much time on Piggington.
February 20, 2013 at 12:55 AM #759840CA renter
Participant[quote=AN][quote=flu]Your mileage may vary…
When I tried to do the same thing, the first thing they wanted to know is what is your total net worth and asset allocation. And rightfully so, they wanted to do a health check on where you are at and where they think that want to take you.
You can lie to them and say you only have $50k, but then you wouldn’t be off to a very good start with someone you’re suppose to trust.
Or you can tell them you only want them to manage $50k and never anything more..At which point, they might tell you to take a hike or they might do it anyway for a trial period with the understanding it must be more in the future…[/quote]I have no problem to let him/her manage more in the future if the net return exceeds the market. If they’re that confident in their performance capability, I don’t see why they wouldn’t start with a low limit to hook in the younger crowd who have high income growth but doesn’t have $100k in cash.[/quote]
Be careful when someone is willing to manage smaller sums in anticipation of managing larger sums if the investments work out. This is how most Ponzi schemes work — they give investors the promised returns in the beginning to gain their trust, then lure them in for higher amounts once they’ve earned their trust…and then, it’s all gone.
Yeah, I know, I know…according to some here I’m a “permabear” who’s afraid to take risks (which isn’t true at all). Still, it’s worth remembering. There are countless stories, some of them very well known, that back up what I’m saying.
February 20, 2013 at 3:41 AM #759842moneymaker
ParticipantCA renter thanks for posting exactly what I was thinking. It’s never too late to learn about money, the best way to save money is to not spend it.
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