^ if anybody goes with these guys would like to know if they live up to their hype. I manage my own money at the moment but I have heard really good things about them.
High net worth wealth management - worth it?
- Thread starter nottyboi
- Start date
the last 10 years, was a decade for fund managers to hit wave after wave of some decent returns. Will this upward momentum continue, in which we haven't seen since the 1800s or will the waves crash and burn. Be cautious my friends, the elephant lingers in the room
^the last 10 years, was a decade for fund managers to hit wave after wave of some decent returns. Will this upward momentum continue, in which we haven't seen since the 1800s or will the waves crash and burn. Be cautious my friends, the elephant lingers in the room
That's why most people need a professional managing their money.
They are supposed to mitigate against these things. This is also where the fraudsters with Ponzi schemes get exposed!!!
What kind of math is this ?
11.95% is a fabulous return over 20 years. But compounding at 12% should lead to a portfolio doubling (72/12) in 6 years. Over 20 years, the portfolio should be up 10 fold, not 3 fold.
And that is the power of compounding.
Fisher Investments claims to have a compounded return of 8.6% since 1995 (after fees). That's 24 years for almost an 8 fold increase.
Guided Wealth does not appear to disclose what compounded rate of return it has historically provided to investors.
How do money managers make money? Guess what? It's from YOU! All the fees that they collect from you. If they were any good, they wouldn't need a job managing your or anyone else's money, they'd be trading/investing their own capital, making themselves richer.
How many times are you going to shill this lame operation? You got called on them before.
They were known as Mangrove before ...
https://terb.cc/vbulletin/showthread.php?597989-I-need-investment-advisor-help
VBB
if you have the time and know how to deal your own cards, then you can enjoy the dealer with nice boobs. But if your idea of making money is playing the slots, then pick the dealer with the most expensive suit
I have used the same advisors for 20 years across 3 firms. I only pay per trade and I make those decisions and have a pretty good return over that period using dividends as reinvestment funds. Talk to my guys at least twice a month and they know my investment strategy, buy and hold through the bad times and never panic sell! You only lose money when you sell, mind you the same goes for profits!
He's had advisors for 20 years but the advice he's offering here is so rudimentary. Makes me wonder as well what it is he is paying his advisors for.
very nice. Seems like you have all hands on deck Cap! a long term position trader locked on to treasure island. Always great when your team is on the same page, to execute and lock on
Not sure if I understand this, but if you make the decisions, why are you not doing the trades on your own? It sounds like you repaying this firm to execute your instructions. Can you clarify this?
I manage a portion of my investments myself and have an advisor managing the rest. I'm quite happy with his work and find him useful in many areas. Aside from making some good calls on equities that I otherwise would not have selected, his advice on other matters increases his value to me. One thing that people need to understand, however, is the need to keep fees low. I cannot believe that people are paying as much as 1.75% for this service. It should be illegal! I'm currently at 0.5% and feel that this is fair to both parties.If you get above 500k u should try and get that 1.25% lowered to 1. And make sure you are not paying any other fees embedded in products that he might put you into. Definitely at 1 million tou should be 1 percent fee all in (or even less if you are relatively passive and are investing for capital protection instead of growth). I pay less than 1 percent for professional manager and zero for the money I manage myselfI
100%
36 years of alpha stock picking means you have a 95% chance of continuing success .A fund bragging about 10 years of beating the market is mere chance when you consider the thousands of funds out there IE a few will beat the average over 10 years by the laws of probability.
Hedge funds are a way to steal money from the stupid rich people
ETF and index funds save 2% over mutual funds and you pay that 2% to mutual funds even when you lose and when you gain 6% the funds take 33% of your profit. You supply 100% of the risk capital and they take a huge chunk of the profit. What a lop sided retarded business partnership.
To answer the OP the answer is no.
They want at least 1% and will beat average only by luck. ETFs guarantee average for .01%.
Money managers are for people who are afraid to manage their savings and do not realize how simple it is to do with index funds, esp Vanguard, and ETFs.
Stick your $ in an index and forget about it. Do not pull it out when the market falls as that is an excellent time to buy.
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