Angry ginger Posted February 1, 2020 Share Posted February 1, 2020 Just now, Polaris 550 said: 600 points is a LITTLE up and down???? with the market close to 30k yes Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 1, 2020 Share Posted February 1, 2020 13 minutes ago, Polaris 550 said: 600 points is a LITTLE up and down???? 600 is more than a little. A diverse portfolio wont be terribly upset by a 2% change in the market. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 1, 2020 Share Posted February 1, 2020 I've lost a ton since Jan 23. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 1, 2020 Share Posted February 1, 2020 1 minute ago, Polaris 550 said: I've lost a ton since Jan 23. A financial planner would have you aligned in a way that you wouldn't be all that concerned with the past week. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 1, 2020 Share Posted February 1, 2020 2 hours ago, AKIQPilot said: A financial planner would have you aligned in a way that you wouldn't be all that concerned with the past week. The main issue is you will likely be in investments that are seriously lagging the overall public market during the good times and nobody will give a crap. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 1, 2020 Share Posted February 1, 2020 4 minutes ago, ArcticCrusher said: The main issue is you will likely be in investments that are seriously lagging the overall public market during the good times and nobody will give a crap. True but at 72, Znotty is well past the time in his life where he needs to grow his portfolio. From what he said he has few if any beneficiaries. He needs a financial adviser that can help him spend down his wealth yet not expose him to significant risk. He is here almost daily worried about every little market fluctuation. If he really has any money he would be smart to let someone else help him make a plan to ensure it will last the rest of his life. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted February 1, 2020 Share Posted February 1, 2020 1 minute ago, AKIQPilot said: True but at 72, Znotty is well past the time in his life where he needs to grow his portfolio. From what he said he has few if any beneficiaries. He needs a financial adviser that can help him spend down his wealth yet not expose him to significant risk. He is here almost daily worried about every little market fluctuation. If he really has any money he would be smart to let someone else help him make a plan to ensure it will last the rest of his life. if he really had any money the 2% drops would be immaterial too them. fuck i am tight with a buck and i rarely even look at mine. Roll with the times i have a long way off and at 72 wont be as exposed to the market as i am today. hopefully i'll have had my ashes spread by then. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 1, 2020 Share Posted February 1, 2020 10 minutes ago, AKIQPilot said: True but at 72, Znotty is well past the time in his life where he needs to grow his portfolio. From what he said he has few if any beneficiaries. He needs a financial adviser that can help him spend down his wealth yet not expose him to significant risk. He is here almost daily worried about every little market fluctuation. If he really has any money he would be smart to let someone else help him make a plan to ensure it will last the rest of his life. Same age as my mil who has about 500k invested now. Guess where the financial geniuses decided to put her money she told them she doesn't need but doesn't want to loose it? Fucking GICs and not even the cashable kind. That from from 3 seperate financial losers. She is now making about 60k/year on that without giving away any original investment. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 1, 2020 Share Posted February 1, 2020 2 minutes ago, ArcticCrusher said: Same age as my mil who has about 500k invested now. Guess where the financial geniuses decided to put her money she told them she doesn't need but doesn't want to loose it? Fucking GICs and not even the cashable kind. That from from 3 seperate financial losers. She is now making about 60k/year on that without giving away any original investment. Well at least your MIL has someone to pass her wealth down to once she is gone. PS. 60k/year on 500k is not bad. Quote Link to comment Share on other sites More sharing options...
Beavis and Butt-Head Posted February 1, 2020 Share Posted February 1, 2020 2 minutes ago, AKIQPilot said: Well at least your MIL has someone to pass her wealth down to once she is gone. PS. 60k/year on 500k is not bad. x2 some are only making 12K a year on 500K around here and one of my neighborhood treat it like 2nd source of income and he gets 1K monthly direct dep from mutual funds based on 500K invested amounts. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 1, 2020 Share Posted February 1, 2020 46 minutes ago, AKIQPilot said: Well at least your MIL has someone to pass her wealth down to once she is gone. PS. 60k/year on 500k is not bad. My son will most likely end up with it along with her house. This same investment my own is going to be paying for my cottage, for free. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 1, 2020 Share Posted February 1, 2020 47 minutes ago, Beavis and Butt-Head said: x2 some are only making 12K a year on 500K around here and one of my neighborhood treat it like 2nd source of income and he gets 1K monthly direct dep from mutual funds based on 500K invested amounts. My understanding is advisors get like 0.5% mers for selling GICs. That's pathetic. Quote Link to comment Share on other sites More sharing options...
Guest Posted February 2, 2020 Share Posted February 2, 2020 1 hour ago, AKIQPilot said: True but at 72, Znotty is well past the time in his life where he needs to grow his portfolio. From what he said he has few if any beneficiaries. He needs a financial adviser that can help him spend down his wealth yet not expose him to significant risk. He is here almost daily worried about every little market fluctuation. If he really has any money he would be smart to let someone else help him make a plan to ensure it will last the rest of his life. I have 5 beneficiaries but two of them I will not put anything in their names, due to their age. So basically three that I am leaving everything to. I am just a whiner, when it comes to the market. I make a lot, but I also lose a lot. I won't talk about it anymore. I'll just STFU. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 2, 2020 Share Posted February 2, 2020 1 hour ago, Polaris 550 said: I have 5 beneficiaries but two of them I will not put anything in their names, due to their age. So basically three that I am leaving everything to. I am just a whiner, when it comes to the market. I make a lot, but I also lose a lot. I won't talk about it anymore. I'll just STFU. Try to live it up a little. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 2, 2020 Platinum Contributing Member Share Posted February 2, 2020 33 minutes ago, ArcticCrusher said: Try to live it up a little. this , no need to be the richest dude in the cemetary Quote Link to comment Share on other sites More sharing options...
Kev144 Posted February 2, 2020 Share Posted February 2, 2020 4 hours ago, Angry ginger said: if he really had any money the 2% drops would be immaterial too them. fuck i am tight with a buck and i rarely even look at mine. Roll with the times i have a long way off and at 72 wont be as exposed to the market as i am today. hopefully i'll have had my ashes spread by then. Tight with a buck aka cheap Quote Link to comment Share on other sites More sharing options...
Guest Posted February 2, 2020 Share Posted February 2, 2020 4 hours ago, Angry ginger said: if he really had any money the 2% drops would be immaterial too them. fuck i am tight with a buck and i rarely even look at mine. Roll with the times i have a long way off and at 72 wont be as exposed to the market as i am today. hopefully i'll have had my ashes spread by then. When I say I lost money recently, how much do you think I'm talkin' about? Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 2, 2020 Share Posted February 2, 2020 Just now, Polaris 550 said: When I say I lost money recently, how much do you think I'm talkin' about? $50K, maybe a little more? Quote Link to comment Share on other sites More sharing options...
Guest Posted February 2, 2020 Share Posted February 2, 2020 1 minute ago, AKIQPilot said: $50K, maybe a little more? I wish!!!! Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 2, 2020 Share Posted February 2, 2020 5 minutes ago, Polaris 550 said: I wish!!!! Hmmmmmmm. Quote Link to comment Share on other sites More sharing options...
The One Posted February 2, 2020 Share Posted February 2, 2020 Surprised that a very wealthy person with high end financial advisers would have to worry about ones investments Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted February 2, 2020 Share Posted February 2, 2020 1 minute ago, The One said: Surprised that a very wealthy person with high end financial advisers would have to worry about ones investments You must not be talking about Znotty. He doesn't have financial advisers. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted February 2, 2020 Share Posted February 2, 2020 23 minutes ago, Polaris 550 said: When I say I lost money recently, how much do you think I'm talkin' about? $100 maybe $200 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted February 2, 2020 Share Posted February 2, 2020 I just been kiddin' everybody, I ain't got shit in the market. Only a couple of bucks, chump change. Quote Link to comment Share on other sites More sharing options...
The One Posted February 2, 2020 Share Posted February 2, 2020 5 minutes ago, AKIQPilot said: You must not be talking about Znotty. He doesn't have financial advisers. He should.look into it ? Quote Link to comment Share on other sites More sharing options...
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