[Coronita]

Contrarian viewpoint, I think as the market bounces around on panic, this is yet another great opportunity to enter on a selloff and sell when there's another another dead cat bounce. The markets have been extremely volatile, yo-yoing up and down. I've reentered some long positions yesterday and will probably continue to do today if we have another down day. There's about 8 stocks that I've been moving in and out of over the past two months, and it's been working out just fine. All the earning came in above expectations, and forecasts were inline or exceeded. It seems like the volatility of the markets though have caused big swings. This will be the sixth round I'm playing with these.

Of course, all my indexes are lower from the peak too, but oh well.  

[Coronita]

If you need a living trust lawyer, I can recommend one that did one for our family for about $1500.

 

Also, another thing. If you work for a big company, they often have these financial planning seminars. Companies will come in and help you put a plan together for free. They deal is they are hoping to get your business (which you don't have to feel obligated to do). 

[Coronita]

If you need a living trust lawyer, I can recommend one that did one for our family for about $1500.

 

Also, another thing. If you work for a big company, they often have these financial planning seminars. Companies will come in and help you put a plan together for free. They deal is they are hoping to get your business (which you don't have to feel obligated to do). 

[Coronita]

If you need a living trust lawyer, I can recommend one that did one for our family for about $1500.

 

Also, another thing. If you work for a big company, they often have these financial planning seminars. Companies will come in and help you put a plan together for free. They deal is they are hoping to get your business (which you don't have to feel obligated to do). 

[Coronita]

When I started out, I never found a decent/capable financial advisor that was good AND willing to manage/help if "workable asset" was less than $300k.

Where I would see a financial advisor may help you initially is to put a financial plan together. But what they do isn't really earth shattering, and you could probably read about how to it and/or get one from the web. Beyond just planning,

The real question is how financially disciplined are you AND your wife? You don't have to answer that question here. Just think about it. If you +spouse have issues investing/savings on a regular basis, perhaps you need any advisor to just keep your financial health in check. If you or your wife don't want to spend time doing this, then there may be some value in a FA too (time is money).Questions you may want to ask yourself: do you/wife buy things spontaneously. Over the past year or two, what were your biggest expenses, what's your savings/investment percentage. If you invest, do you gamble alot on stocks or mutual funds (speculative buying). Was your portfolio beating boring index funds (if not, you're better off doing just indexes) etc. How much time do you really want to spend doing tis yourself?

The landscape of financial advisors is large. I would say that you would be hard pressed to find a good one without having a lot of working assets for them to work with. The ones that I ran into from brokerage houses are just that.brokers. They try to sell me stock tips, etc and charge hefty commisions. Pretty useless for me, because they're most of the time wrong imho. If you are well disciplined, I would just do it yourself.

For me, I use a gentlemen from Wachovia. Mainly because my wife wants a safety cushion in case me and her (mainly me) does something stupid. At the same time, my financial advisor wants to take more control of our assets. I don't want him to for the same reason that I feel we need a safety cushion in case he screws up.

Based on his performance, he does better than me when we're in a bear market, and worse than me when we're in a bull market. Also, he charges about a 2% commision per year over a majority of the asset he manages. I'm wouldn't say he's great, I wouldn't say he's bad. Just normal conservative returns.

 

I guess I'm not estatic about financial advisors because it seems my family's access to "great" financial advisors is limited because we don't really have "a lot" to really be on the radar of great advisors. Or at least, I haven't seen them. Multi-multi-millionaires on this board might want to chime in. Because their experience may be different. And of course, you may run into one that is good.

That said, there's a lot i think you can do for yourself, and there's plenty of information on how to. Skip the infomercials about getting rich quick deals though. Also, although plenty would disagree, skip Suzie Orman. Nothing wrong with her per se, just I find her hellishly annoying..Not what she says, I guess more about the people that ask her the dumb questions.

 

 

 

[Coronita]

When I started out, I never found a decent/capable financial advisor that was good AND willing to manage/help if "workable asset" was less than $300k.

Where I would see a financial advisor may help you initially is to put a financial plan together. But what they do isn't really earth shattering, and you could probably read about how to it and/or get one from the web. Beyond just planning,

The real question is how financially disciplined are you AND your wife? You don't have to answer that question here. Just think about it. If you +spouse have issues investing/savings on a regular basis, perhaps you need any advisor to just keep your financial health in check. If you or your wife don't want to spend time doing this, then there may be some value in a FA too (time is money).Questions you may want to ask yourself: do you/wife buy things spontaneously. Over the past year or two, what were your biggest expenses, what's your savings/investment percentage. If you invest, do you gamble alot on stocks or mutual funds (speculative buying). Was your portfolio beating boring index funds (if not, you're better off doing just indexes) etc. How much time do you really want to spend doing tis yourself?

The landscape of financial advisors is large. I would say that you would be hard pressed to find a good one without having a lot of working assets for them to work with. The ones that I ran into from brokerage houses are just that.brokers. They try to sell me stock tips, etc and charge hefty commisions. Pretty useless for me, because they're most of the time wrong imho. If you are well disciplined, I would just do it yourself.

For me, I use a gentlemen from Wachovia. Mainly because my wife wants a safety cushion in case me and her (mainly me) does something stupid. At the same time, my financial advisor wants to take more control of our assets. I don't want him to for the same reason that I feel we need a safety cushion in case he screws up.

Based on his performance, he does better than me when we're in a bear market, and worse than me when we're in a bull market. Also, he charges about a 2% commision per year over a majority of the asset he manages. I'm wouldn't say he's great, I wouldn't say he's bad. Just normal conservative returns.

 

I guess I'm not estatic about financial advisors because it seems my family's access to "great" financial advisors is limited because we don't really have "a lot" to really be on the radar of great advisors. Or at least, I haven't seen them. Multi-multi-millionaires on this board might want to chime in. Because their experience may be different. And of course, you may run into one that is good.

That said, there's a lot i think you can do for yourself, and there's plenty of information on how to. Skip the infomercials about getting rich quick deals though. Also, although plenty would disagree, skip Suzie Orman. Nothing wrong with her per se, just I find her hellishly annoying..Not what she says, I guess more about the people that ask her the dumb questions.

 

 

 

[Coronita]

When I started out, I never found a decent/capable financial advisor that was good AND willing to manage/help if "workable asset" was less than $300k.

Where I would see a financial advisor may help you initially is to put a financial plan together. But what they do isn't really earth shattering, and you could probably read about how to it and/or get one from the web. Beyond just planning,

The real question is how financially disciplined are you AND your wife? You don't have to answer that question here. Just think about it. If you +spouse have issues investing/savings on a regular basis, perhaps you need any advisor to just keep your financial health in check. If you or your wife don't want to spend time doing this, then there may be some value in a FA too (time is money).Questions you may want to ask yourself: do you/wife buy things spontaneously. Over the past year or two, what were your biggest expenses, what's your savings/investment percentage. If you invest, do you gamble alot on stocks or mutual funds (speculative buying). Was your portfolio beating boring index funds (if not, you're better off doing just indexes) etc. How much time do you really want to spend doing tis yourself?

The landscape of financial advisors is large. I would say that you would be hard pressed to find a good one without having a lot of working assets for them to work with. The ones that I ran into from brokerage houses are just that.brokers. They try to sell me stock tips, etc and charge hefty commisions. Pretty useless for me, because they're most of the time wrong imho. If you are well disciplined, I would just do it yourself.

For me, I use a gentlemen from Wachovia. Mainly because my wife wants a safety cushion in case me and her (mainly me) does something stupid. At the same time, my financial advisor wants to take more control of our assets. I don't want him to for the same reason that I feel we need a safety cushion in case he screws up.

Based on his performance, he does better than me when we're in a bear market, and worse than me when we're in a bull market. Also, he charges about a 2% commision per year over a majority of the asset he manages. I'm wouldn't say he's great, I wouldn't say he's bad. Just normal conservative returns.

 

I guess I'm not estatic about financial advisors because it seems my family's access to "great" financial advisors is limited because we don't really have "a lot" to really be on the radar of great advisors. Or at least, I haven't seen them. Multi-multi-millionaires on this board might want to chime in. Because their experience may be different. And of course, you may run into one that is good.

That said, there's a lot i think you can do for yourself, and there's plenty of information on how to. Skip the infomercials about getting rich quick deals though. Also, although plenty would disagree, skip Suzie Orman. Nothing wrong with her per se, just I find her hellishly annoying..Not what she says, I guess more about the people that ask her the dumb questions.

 

 

 

[Coronita]

Alex,

 

This is so easy to explain. Media makes money sellling to eyeballs. No one is going to read with a lame headline or topic. Media is great over-emphasizing history (what as happened in the past), and are a lame excuse for predicting the future. This is why media is the last place where you should get your financial advice. They are reporting what has already happened (the obvious). 

[Coronita]

Alex,

 

This is so easy to explain. Media makes money sellling to eyeballs. No one is going to read with a lame headline or topic. Media is great over-emphasizing history (what as happened in the past), and are a lame excuse for predicting the future. This is why media is the last place where you should get your financial advice. They are reporting what has already happened (the obvious). 

[Coronita]

Alex,

 

This is so easy to explain. Media makes money sellling to eyeballs. No one is going to read with a lame headline or topic. Media is great over-emphasizing history (what as happened in the past), and are a lame excuse for predicting the future. This is why media is the last place where you should get your financial advice. They are reporting what has already happened (the obvious). 

[Coronita]

I think even the shorts have made their money. When the DOW had its two big dips the Money Makers probably walked away with a lot of cash. Usually by the time you hear about a good deal, its too late.

 

You mentioned this yourself, but it seemed like everything opposite to what you do turns out good. Therefore, for my selfish reasons, I wanted you to short the markets.

[Coronita]

I think even the shorts have made their money. When the DOW had its two big dips the Money Makers probably walked away with a lot of cash. Usually by the time you hear about a good deal, its too late.

 

You mentioned this yourself, but it seemed like everything opposite to what you do turns out good. Therefore, for my selfish reasons, I wanted you to short the markets.

[Coronita]

I think even the shorts have made their money. When the DOW had its two big dips the Money Makers probably walked away with a lot of cash. Usually by the time you hear about a good deal, its too late.

 

You mentioned this yourself, but it seemed like everything opposite to what you do turns out good. Therefore, for my selfish reasons, I wanted you to short the markets.

[Coronita]

Also Alex_angel,

 

Short the markets!!!! buy lots of SDS!!!! Go contrarian!!!

[Coronita]

Also Alex_angel,

 

Short the markets!!!! buy lots of SDS!!!! Go contrarian!!!

[Author]

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