Yeah, I don't think the index fund is going anywhere anytime soon. I think its an excellent vehicle for someone like yourself who doesn't have the time or desire to do a little research and actively trade. What i am saying is that these robo adivsors will outperform in a bull market. When a bear market comes around, and it will at some point, the actively managed funds will come back in style. Also, the move to index funds provides a lot of opportunity for active managers. For indexing to work, you need half or more than half of people to not index. The more people that move to indexing, the easier it is to beat the index. So i guess what i am trying to say is that people are quick to dismiss active management right now, but i think people will see the value in it when the bull market stops. Also, i comment on these things as an investor. I know my day job is to trade, but i invest with a totally different philosophy than what i trade with.
Im not sure you can open one without children. I had to provide their SSN when opening accounts. edit: I guess you can open one in your own name, but im not sure if you can transfer to your children. I know you can transfer from one kid to another but not sure about parent to kid.
That is something that the Freakonomics episode spoke about: how having too much money in index funds could be bad for the market. It was interesting to hear.
I think you can choose any child like your friend's kids and then change it at any time to your offspring when you fail to pull out
there are famous examples in spades, if like 80% of a stock is in indices thats almost a short squeeze waiting to happen (in the right conditions)
This is what he used to sell me on opening with him, and why my dad uses him. He states often that he won't beat the market when it's good, but where he makes his clients money is in bear markets. Problem is, I have luckily never been through one with him, so I don't feel that loyalty others do. He also states he doesn't predict one coming soon. If that is the case, guys like Jack Bogle talk often about the difference in cost from an Index fund (<0.5%) compared to an active investor 1-2%, and how if you merely take that difference invested over time. that's my biggest hold up. I'm currently paying 1.25% to an active investor to be outperformed by my Betterment account. Even if/when we go through a bear market or correction, he would have to do substantially better than Betterment/Wealthfront, because each year I will be netting 1.25% over him that will keep compounding right? I feel like I'm debating myself in circles, it's making my head spin.
You've talked about it numerous times in here to seemingly convince yourself to drop him, seems like you need to shit or get off the pot.
Early on, sure. B Take a couple hours out of your life and read Bogleheads Guide to Investing. Then stop fucking around with a 1.25% fee for "active mangement."
Are you worried about hurting the ad visors feelings or your dads feelings? If that is part of your answer, don't let it be. Its your money, and screw other peoples feelings. 1.5% is too high. I would talk to him and just be frank. Ask him if he could do it for .75% and if he says no just move your money. Its not really that big of a deal and i think you would have a better peace of mind with your money at Wealthfront. Agree with Name P. Redacted, i think you want to move your money but for some reason are hesitant.
Don't agree with me, I'm trying to get to the top of Bill the Butcher's libtard power rankings. Your endorsement probably hurts.
And if you have a generous parent/uncle/grandparent they can also get the card and tie their rewards to your kids (mine did). It'll be worth tens of thousands once the kids are ready to go to school.
I believe the credit card can be attributed to any of fidelties accounts so it's a very good thing to look into
the lending club note i bought on the exchange that was in the grace period has made two late payments but is now current. if the whole thing is paid off i will make approximately 85%
Yeah it can go to a brokerage or retirement account, also. 2% cash back on everything with no limit or annual fee is a pretty sweet deal.
Looking into a investment called GPB Automotive Portfolio. They own 68 legacy car dealerships with a push to own over 100. My grandfather owned a legacy car dealership and their is solid money in it. They target 8% annual return, but it can push towards 15%.
I'd be interested in hearing more about this. I consult for the auto manufacturers and suppliers and for compliance reasons I'm not really able to invest, but I haven't really looked into investing at the dealer level before.
Can't remember if I mentioned this in here before, but have you guys seen this new online bank account called Beam? Hasn't launched yet and information is limited but supposedly it's FDIC insured, online banking, no fees and it's guaranteeing 2-4% APY. I'm on the waitlist but it seems like there is a catch somewhere
If they are claiming to be paying 4% on a FDIC account, I have some beachfront property in Iowa to sell you.
I'm skeptical hippo about this, and especially 4%, but is 2% really unrealistic? I use Ally to park my emergency fund and it's at 1.15% now.
I don't see why it seems crazy. Fed rates are slowly slipping up, in theory the FDIC savings rates should start bumping up too.
2% would be the higher end of promo rate, but 4% is on par with a 30 year mortgage rate. It's crazy to give it as a deposit. Sounds like Indy Bank in 2007
Just my guess because I never heard of it until tonight and didn't read the link. I'd imagine they will have several types of accounts. If it's truly savings then no risk. Anything else then yeah, of course.
Where is my cash invested? Is my money safe? And how secure is my information? Your cash at Beam, like your deposit at your primary bank, is not “invested” (a term used more often in the securities industry), but “loaned” in the form of mortgage, commercial real estate loans, etc. Beam or its partnering bank does not take inappropriate risks on loans at the expense of financial safety and soundness. And remember, your cash at Beam is always FDIC-insured. Your money stays in an FDIC-insured deposit account provided by Beam's bank sponsor; FDIC insures up to $250,000 per depositor. Beam takes the safety of your money seriously. Your Beam mobile app observes strict bank-level security standard and all your data is appropriately encrypted to protect against unwanted cybersecurity risks.
Is there alimit to the amount of money you can deposit and earn 4% on? Seems like they might have a low limit? Just guessing
doesn't say it on the FAQ page, just no minimum amount to open an account. They are limiting the number of people in the first wave, maybe that will limit it?
https://brokernotes.co/wp-content/uploads/2017/08/traders-as-100-people-2X-1.png Thought this was interesting.
Random and not really on topic, but I don't really even know what sports car means anymore. Seems like everything with two doors is the 'sport' model
Shoutout to whomever recommended IMGN Up over 10% each of the last two days and almost 80% since June.
Today I learned your employer automatically caps your 401k contribution so you don't go over the max. Good to know.
I'd do the math on that to maximize your match. Might not be an issue but it's possible depending on contributions
Yep, I scaled back my contribution % so I'm contributing at least the minimum in every pay period throughout the year. My bonus came through today and they contributed to my 401k out of that, which they've never done before. All my careful planning was thrown off. Mo money mo problems. and, yes.
"Fundrise is an online real estate investment platform that is primarily marketed to non-accredited investors. Fundrise has been labeled as the first company to successfully crowdfund investment into the real estate market."
Looking into fundrise and a couple of things that are not great imo. In order to get all of your principal back they have to actually sell the assets that you invest in. Basically you are looking at 5 years on average to get your money out. What happens if the market corrects in 5 years? Who decides when to sell? You are relying on their "experts" and it doesn't tell you much about who they are that i could find. One of the portfolios i checked out was heavily invested in the Los Angeles area with over 45% of the portfolio in 3 los angeles area properties. I wouldn't exactly consider that well diversified. I think its a good idea, but could use some polishing. Not for me yet.