Quote (Terps @ Jan 18 2022 11:30am)

Might be a mistake/unnecessary but I'm hiring a financial advisor and broker to handle my estate and investments. Going to be doing some tax maneuvering that I don't understand; figured let the smart shady people handle it.

Quote (Terps @ Jan 18 2022 12:30pm)

Might be a mistake/unnecessary but I'm hiring a financial advisor and broker to handle my estate and investments. Going to be doing some tax maneuvering that I don't understand; figured let the smart people handle it.

Quote (Terps @ Jan 18 2022 12:30pm)

Might be a mistake/unnecessary but I'm hiring a financial advisor and broker to handle my estate and investments. Going to be doing some tax maneuvering that I don't understand; figured let the smart people handle it.

Quote (joshd21 @ Jan 18 2022 01:25pm)

Considering this myself. Can’t decide if it’s worth the commission percentage to do this, considering my mutual funds are absolutely killing it.

I also enjoy investing and taking an active role in building my wealth. But our portfolios are getting so large we should think harder about diversifying and doing some long term planning.

Quote (stuartg85 @ Jan 18 2022 01:42pm)

my father in law is my advisor haha, not really, but we love to talk shop and this stuff interests me so i stay active



eh, this is probably the most common "disagreement" between me and my father in law. historically, i would agree that things like the S&P and diversification are the way to invest, but we don't live in the 1900's anymore, tech and ideas at companies roll over so quickly that being "safe" just means falling behind.

i think in the past it was recommended that you hold at least 30 different companies to be "diversified" when the smart money today you can get away with less than 10. there's so much dead weight in so many sectors that it's gotten pretty easy to minimize risk while still realizing decent gains.

i also like to take a few swings for fun (i bought peloton at 95 a year ago, watched it jump to 150 and got out of a little but kept some for fun, and now that company could go under rofl) so don't mind doing a good bit myself

also helps that my wife makes more than i do and has an advisor for her money :P

Quote (joshd21 @ Jan 18 2022 01:51pm)

My wife is a CPA and takes a very conservative approach to our investments, and we still made like 20% last year. She has our money primarily in large growth mutual funds with other positions in real estate, military, small cap, foreign growth, etc. nothing capping more than 10% of portfolio. By far were mostly invested in SP 500 & Blue chip.

My role is to have fun with 3-6% of our portfolio and invest in stocks. I think I’m slightly positive after investing for a couple of years, buts it’s a lot of work and I’m not that good at it.

Quote (Terps @ Jan 18 2022 12:30pm)

Might be a mistake/unnecessary but I'm hiring a financial advisor and broker to handle my estate and investments. Going to be doing some tax maneuvering that I don't understand; figured let the smart people handle it.