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09-25-2021, 03:32 PM | #11491 |
The Planet's Only Superhero
Join Date: Sep 2002
Location: MO
Casino cash: $8586472
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Do you all handle your IRAs (Roth and Traditional) on your own or do you use a financial advisor? I changed jobs so I'm trying to figure out what to do with my old 403b.
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Posts: 2,833
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09-25-2021, 03:42 PM | #11492 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-63101
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Unless you are going to do something crazy with your investing strategy, I think it's pretty easy to just do it on your own with low fee index funds. You'll lose quite a bit in fees to most advisors.
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Posts: 52,578
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09-25-2021, 05:48 PM | #11493 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $224734
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Quote:
Target dated funds are a pretty good facsimile for what advisors could do. And most places have some sort of support functions to help with administration. If simple management is your thing you could roll it to your new gig. |
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Posts: 58,341
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09-25-2021, 06:58 PM | #11494 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1228491
VARSITY
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There are traditional financial advisors who take a percentage of your wealth each year and manage things. Those people seem overpriced to me. I did a research project about 18 months ago and interviewed financial planners around the country, and I'm intrigued by the newer type that are fee only advisors. They charge you an hourly rate for advice. Those people seem like they could be a really good deal if they know bigger strategic things to do rather than just picking stocks and funds for you. I think I will talk to one at some point about things like strategizing for Social Security and Medicare and things like health savings accounts where I've got a learning curve coming up.
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Posts: 143,344
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09-25-2021, 07:46 PM | #11495 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $-159600
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Completely agree. I struggle to understand what could possibly justify such high fees particularly for higher balance accounts. I have a similar feeling for Trust Administration/Executors. If you combine professional trust admin, financial planning for an account along with tax preparation, it could literally take the entire yearly prosit from an account.
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Posts: 1,831
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09-25-2021, 07:48 PM | #11496 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1228491
VARSITY
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Quote:
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Active fan of the greatest team in NFL history. |
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Posts: 143,344
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09-26-2021, 07:07 AM | #11497 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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Reading for the penny stock boys. I’m not endorsing these, just sharing articles.
https://www.tipranks.com/news/articl...FgQB9Uu3XAY%3D |
Posts: 46,167
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09-26-2021, 08:42 PM | #11498 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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NAKD poised to be a banger this week
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Posts: 40,658
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09-26-2021, 10:26 PM | #11499 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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TDRK ,low float , can make a big move with little volume
Got a small position established Friday and made 18% |
Posts: 40,658
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09-27-2021, 02:28 PM | #11500 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
Casino cash: $-581410
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“As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
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Posts: 22,028
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09-27-2021, 04:06 PM | #11501 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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ILUS up another 16%
CYBL 25% Bought NAKD at the PM open at 6 oclock which was a mistake I guess. Made 8% but it actually went up 21% |
Posts: 40,658
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09-27-2021, 05:12 PM | #11502 |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
Casino cash: $-581410
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I was a little slow to get on NAKD this morning but I'm up 17% so far.
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“As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
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Posts: 22,028
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09-27-2021, 05:19 PM | #11503 |
Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $258196
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I got a decent bite out of it today. Got in at .75 and then got stop lossed out at a little over .80. I probably could have relaxed on the stop loss % some since I figured it would be all over the place, but I was just looking for some green.
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Posts: 1,398
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09-27-2021, 05:27 PM | #11504 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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IFAN may continue to run this week
I've also had my eye on KOMOF but haven't pulled the trigger and the last 2 trading days have been 20%+ each day. |
Posts: 40,658
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09-27-2021, 07:39 PM | #11505 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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