Meeting with financial advisor this week

[Liza1948]

Not a genius, but it seems I have a much better grasp then you do as to what many retirees want or use …

sure you got some retirees that still are swinging for the fences or want high equity .

but most retirees are in the 35-60% range and use balanced portfolios or balanced funds.

wellesly is one of the most popular funds with retirees ….but it lacks high inflation protection or protection from increasing negative real returns on cash instruments which is where gold tends to shine when other assets drop the ball

I already proved gold did a better job than bonds when mated to equities .

thanks for playing

Let me ask you a question. Do you often stand in a field, shaking your fist and yelling at clouds in your pajamas? Or, perhaps a better question, have you considered that your points of view would benefit from cogent arguments or ability to understand basic financial theory rather than inventing numbers and declaring yourself correct at the end of your clam-handed approach to challenges of your views.

Here's a hot news flash: no one has heard of the Wellesley approach. We also didn't go to the Trump Real Estate College and most people don't think retirement should be based on non-sensical, reality detached approaches to financial management.

You might benefit from trying to understand behaviorial biases in finance and economics, cognitave dissonance and ex-post evaluation biases in portfolio management.

 

[mathjak107]

Let me ask you a question. Do you often stand in a field, shaking your fist and yelling at clouds in your pajamas? Or, perhaps a better question, have you considered that your points of view would benefit from cogent arguments or ability to understand basic financial theory rather than inventing numbers and declaring yourself correct at the end of your clam-handed approach to challenges of your views.

Here's a hot news flash: no one has heard of the Wellesley approach. We also didn't go to the Trump Real Estate College and most people don't think retirement should be based on non-sensical, reality detached approaches to financial management.

You might benefit from trying to understand behaviorial biases in finance and economics, cognitave dissonance and ex-post evaluation biases in portfolio management.

You may benefit by paying attention and learning things you seem not to know about ..end of story.

i already proved your statement about gold was wrong with facts and figures …don’t waste my time with your rants

 

[Liza1948]

You may benefit by paying attention and learning things you seem not to know about ..end of story.

i already proved your statement about gold was wrong with facts and figures …don’t waste my time with your rants

I'm curious. When you were a child did a teacher ever tell you "No, Mikey, you are wrong and didn't do your homework" followed by you throwing a tantrum and yelling "I did so!' and walk out the room? When you were playing football in the fields as a child, did the other kids ever say "that's against the rules, you lost" only for you to reply "No, I won! You guys are just stupid" only to find that you are alone in the field with everyone looking in bewilderment and mild disgust at your approach to solving social interactions or anything has a basic challenge to your obvious fragile psyche?

 

[mathjak107]

I'm curious. When you were a child did a teacher ever tell you "No, Mikey, you are wrong and didn't do your homework" followed by you throwing a tantrum and yelling "I did so!' and walk out the room? When you were playing football in the fields as a child, did the other kids ever say "that's against the rules, you lost" only for you to reply "No, I won! You guys are just stupid" only to find that you are alone in the field with everyone looking in bewilderment and mild disgust at your approach to solving social interactions or anything has a basic challenge to your obvious fragile psyche?

I'm curious. When you were a child did a teacher ever tell you "No, Mikey, you are wrong and didn't do your homework" followed by you throwing a tantrum and yelling "I did so!' and walk out the room? When you were playing football in the fields as a child, did the other kids ever say "that's against the rules, you lost" only for you to reply "No, I won! You guys are just stupid" only to find that you are alone in the field with everyone looking in bewilderment and mild disgust at your approach to solving social interactions or anything has a basic challenge to your obvious fragile psyche?

our conversation is over . this is nonsense jibberish you keep posting .

seems like you joined to troll , there is nothing of value or interest you have posted here .

 

[Shero]

Oh, don't go Mathjack, got some of Liza's music to liven things up

 

[Pepper]

Why are we fighting?

 

[Liberty]

Wow, that conversation woke me up on a Tuesday morning...lol.

 

[mathjak107]

It wasnt a conversation, it amounts to just someone who joined trolling and adding nothing of value

 

[Liberty]

It want a conversation, it amounts to just someone who joined trolling and adding nothing of value

Seems like that happens a lot around here some days.

 

[Tom 86]

When our plant closed in 94 I took out my Retirement & TIP Gave it to a Financial advisor Dow Jones. I transferred $250,000.00 Since I know nothing. about investments, I told him to do what he thought so I could still get my $1,800.00 a month out.

As of Dec. 31st, my portfolio is now up to $489,050.00 He had changed a lot around so I don't pay any taxes at the end of the year. So I trust him as I'm making $$$ while still taking out $1,800.00 a month.
I say just trust your advisor.

 

[bowmore]

There have been many posts on a sister site early-retirement.org about financial advisors. The main theme is you do not need them sucking up 20-25% of your withdrawal. They want to make investing complicated so you do not go off on your own.
The theme is ,"where are the customers' yachts?"

 

[Liza1948]

Oh, don't go Mathjack, got some of Liza's music to liven things up

not my fault if you don't like krieg

 

[StarSong]

On her fourth post in this forum a brand new member couches this humble brag as a request for advice: I have a portfolio worth over a million dollars, my house is paid off, I have no debt, enjoy three income streams (two pensions plus SS). Woe is me.

Pfffttt.... Asks for advice after stating she'd worked for an investment firm and has a financial analyst. States, "Any advice is welcome." Then attacks the advice and the long-term forum member who offered it.

Edited to add: First post was about a classic car she owns but her wastrel, unworthy, disaster area children want to sell it out from under her. (Ummm who raised these kids?)

Smells like a provoking troll standing on a steaming pile of bull**** to me.

 

[Pink Biz]

On her fourth post in this forum a brand new member couches this humble brag as a request for advice: I have a portfolio worth over a million dollars, my house is paid off, I have no debt, enjoy three income streams (two pensions plus SS). Woe is me.

Pfffttt.... Asks for advice after stating she'd worked for an investment firm and has a financial analyst. States, "Any advice is welcome." Then attacks the advice and the long-term forum member who offered it.

Smells like a provoking troll standing on a steaming pile of bull**** to me.

 

[mathjak107]

View attachment 202158

You can see from her answers she is trolling …….anyone who thinks wellesly is not a top notch fund for a retiree should not be commenting on what is good or bad about it on a retirement forum .

coupled with the fact the numbers show it becomes an even better deal when it has gold as down market protection , which has history of being Up in 98% of major downturns.

it buys a lot more equities when rebalanced then bonds did . which the Numbers i posted prove .
so I will not reply to the troller

 

[fmdog44]

AB said it best. The OP states they are scheduled for the annual visit with the financial advisor then flips to ask strangers for their advice. With all due respect, it makes less than no sense.

 

[Shero]

not my fault if you don't like krieg

No offense Liza, was only hoping to pour some musical notes on troubled water and I thought Mozart might not cut if for you

 

[Shero]

In conservative defence of Liza, it is not unusual for people to test the waters with others before speaking to a professional.
They may pick up some ideas and be able to ask some pertinent questions.
Is that so wrong?
.

 

[Chet]

Apparently you are a senior, so instead of thinking about investing you should think of how to spend and enjoy. Life is short and getting shorter by the minute.

 

[bowmore]

In conservative defence of Liza, it is not unusual for people to test the waters with others before speaking to a professional.
They may pick up some ideas and be able to ask some pertinent questions.
Is that so wrong?
.

The site to do that on is the early retirement financial independence site, not here
www.early-retirement.org

 

[Kaila]

In conservative defence of Liza, it is not unusual for people to test the waters with others before speaking to a professional.
They may pick up some ideas and be able to ask some pertinent questions.
Is that so wrong?
.

And to then hurl personal insults at someone who posts their idea in response? Did you see the posts, shero?

 

[RadishRose]

First post was about a classic car she owns but her wastrel, unworthy, disaster area children want to sell it out from under her. (Ummm who raised these kids?)

That gave her/him away as a troll right then and there....get sympathy first.

 

[Shero]

Ever heard the saying "Leave it to Beaver" folks?

In this case leave it to Matrix, life is too short to stress over something as trivial as this.

 

[StarSong]

Nobody's stressing, Shero. Merely calling 'em as we see 'em.

 

[mathjak107]

Ever heard the saying "Leave it to Beaver" folks?

In this case leave it to Matrix, life is too short to stress over something as trivial as this.

That was such a dirty show I remember ..I was like 10 years old and I heard june always telling ward he was a little to rough on the beaver last night …..ha ha