Of course I can, but do you think I wanna get into a game of gotcha with a couple of you jag offs?
Tax strategy isn’t all that hard if you are a competent advisor and your financial picture is not all that complex. We work with a lot of client accountants and lawyers in coordinating those strategies. I wish I could charge 2%, that’s a rip off. . Our fees graduate downward the more you have. The secret sauce is in the weightings of various sectors and staying up with current guidance. How many of you were overweight in emerging markets in the past year and a half? I bet not many. And of any of these assholes in here seems to think they have more knowledge than a whole team of PhD economists and certified financial analysts. I have a bridge I can sell them. There are multiple studies out there that prove professional guidance will outperform the average do it yourselfer. That said, if they want to do their own investing, knock yourself out. Then a year from now they have taken some profits on nonqualified money and gotten crushed on capital gains, that’s usually when they come to me.
No one works for free. And what I have found are the clients require most of my time are the least loyal and most demanding. I have fired a few clients because of that.
It’s one holding of many, and many IPO’s shoot skyward shortly after. So I waited till it declined a little bit, and dip my toe in the water. And it has declined a little bit more, big deal. They don’t always go down like you were implying. It’s a long-term hold for me and I have a great deal of conviction for anything Elon Musk touches. You got it all figured out so have at it with your Yahoo finance degree. These conversations go exactly how I assumed they would go. You dingleberries want to pick apart everything I say and basically pretend you know how I do my job. Its quite a bit different when you’re investing other people’s money and the responsibilities that entails. And for the record, I did not promote or recommend SpaceX to any clients. I had a few come to me and I bought a little bit for myself. The fundamentals just aren’t there yet but neither was Tesla four or five years ago.
By
DriftBusta ·
