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taking q's about personal finance, crypto (exeunt)
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Date: March 19th, 2018 12:17 PM Author: gay bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637503) |
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Date: March 19th, 2018 1:46 PM Author: big corn cake Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638107) |
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Date: March 19th, 2018 10:29 PM Author: big corn cake NIGGER (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35642008) |
Date: March 19th, 2018 12:19 PM Author: laughsome private investor can you get me invited to the slack? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637510) |
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Date: March 19th, 2018 12:33 PM Author: gay bawdyhouse no (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637588) |
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Date: March 19th, 2018 12:33 PM Author: multi-colored unholy home coldplay fan (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637593) |
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Date: March 19th, 2018 12:37 PM Author: Sickened Vibrant Trailer Park Candlestick Maker (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637635) |
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Date: March 19th, 2018 12:46 PM Author: judgmental plaza Enjoy getting murdered (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637698) |
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Date: March 19th, 2018 1:32 PM Author: medicated cerebral box office travel guidebook (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638020) |
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Date: March 19th, 2018 1:38 PM Author: Sickened Vibrant Trailer Park Candlestick Maker (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638054) |
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Date: March 19th, 2018 1:02 PM Author: Aphrodisiac Sandwich Lol (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637807) |
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Date: March 19th, 2018 1:25 PM Author: white athletic conference (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637986) |
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Date: March 19th, 2018 12:22 PM Author: soul-stirring windowlicker piazza What are we going to do? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637532) |
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Date: March 19th, 2018 12:34 PM Author: gay bawdyhouse idk about you but im going to buy a new chain for single speed bike. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637596) |
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Date: March 19th, 2018 12:37 PM Author: soul-stirring windowlicker piazza Ok, well, what should I be putting my Roth backdoor into?
401K is in target funds
Also have agressive portfolio in Wealthfront. |
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Date: March 19th, 2018 12:47 PM Author: gay bawdyhouse don't think about each account as its own portfolio. treat all your liquid financial assets dedicated to retirement as one whole portfolio with a target allocation.
what does your current portfolio as a whole look like? i'd target something like 60/40 us-foreign total stock market index funds. if you're lazy you can just throw everything into vti. |
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Date: March 19th, 2018 12:34 PM Author: Razzle location useless brakes give xo target NW goals for age 25, 30, 35, 40, 45, 50, 65
25 should start at $500k right |
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Date: March 19th, 2018 12:37 PM Author: gay bawdyhouse target net worth is a bit deceptive b/c of student loans. target income seems more reasonable at least until you get older and are nearing retirement.
25 - 50K
30 - 80k
35 - 120k
40 - 150k
45 - 180k
50 - net worth, $1 million
65 - net worth, $2 million |
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Date: March 19th, 2018 12:41 PM Author: Razzle location useless brakes seems like u need to add a 0 at the end of each number and cr (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637666) |
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Date: March 19th, 2018 12:46 PM Author: Orange nofapping blood rage hominid i can maek it (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637701) |
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Date: March 19th, 2018 1:16 PM Author: Ultramarine nursing home shitlib 75 - die of a heart attack and all your savings was pointless (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637916) |
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Date: March 19th, 2018 12:34 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637599) |
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Date: March 19th, 2018 12:34 PM Author: Beady-eyed death wish (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637600) |
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Date: March 19th, 2018 12:35 PM Author: passionate dull weed whacker What does your portfolio look like? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637610) |
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Date: March 19th, 2018 1:14 PM Author: gay bawdyhouse 40% short term treasuries/cash
30% quantitative index strategy i developed
10% long-short equity fund
10% credit-focused closed end fund
10% in brk.b
note that i haven't really paid much attention to my personal portfolio and my circumstances are idiosyncratic so it's not a great guide to how i feel about markets
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Date: March 19th, 2018 1:17 PM Author: rose pistol Why so much cash?
DESCRIBE the index strategy |
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Date: March 19th, 2018 1:31 PM Author: gay bawdyhouse a lot of it is from crypto sales i'd made over the past few months.
i have more cash that's not included in that portfolio that's still on gdax for trading.
my strategy is based on trend following and momentum in broad equity indexes. |
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Date: March 24th, 2018 3:24 PM Author: irate voyeur property you left off crypto (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35678344) |
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Date: March 19th, 2018 12:36 PM Author: Heady Corner I have $50k to invest. How long should I wait for the crypto market to crash before I go in. Not interested in making a quick buck, holding for long term so it would have to be something that doesn’t collapse. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637622) |
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Date: March 19th, 2018 12:38 PM Author: Metal sanctuary depressive 180 (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637640) |
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Date: March 19th, 2018 12:39 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637648) |
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Date: March 19th, 2018 12:45 PM Author: Heady Corner Sounds like way to much work! how would I keep track of cap gains and losses if I rebalanced every 2 weeks? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637691) |
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Date: March 19th, 2018 12:47 PM Author: comical startling international law enforcement agency coinbase does this for you (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637708) |
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Date: March 19th, 2018 1:19 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637938) |
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Date: March 19th, 2018 1:33 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638026) |
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Date: March 19th, 2018 1:18 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637932) |
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Date: March 19th, 2018 1:19 PM Author: gay bawdyhouse lol no (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637936) |
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Date: March 19th, 2018 1:20 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637939) |
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Date: March 19th, 2018 1:29 PM Author: gay bawdyhouse crypto is not efficient and you don't want to market cap weight it. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638010) |
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Date: March 19th, 2018 1:35 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638030) |
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Date: March 19th, 2018 1:55 PM Author: indigo submissive casino hairy legs this is so hilariously stupid it's incredible (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638167) |
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Date: March 19th, 2018 1:57 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638173) |
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Date: March 19th, 2018 1:01 PM Author: henna marvelous persian stage just buy a fuckton of btc right now and let do (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637796) |
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Date: March 19th, 2018 1:19 PM Author: gay bawdyhouse you should not listen to anything tsinah has to say about crypto or investing.
crypto is far more volatile than anything else you own. the tricky thing is that if you do a lump sum you can fall into some nasty psychological traps because there is a really really good chance the market will rip against you.
i would drop $10k into btc/eth and simply observe your emotional reactions to the fluctuations first.
however, if you're looking for a "good" entry point i think eth at 300 and btc at 4000 is decent but the price may never get there. |
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Date: March 19th, 2018 1:21 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637952) |
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Date: March 19th, 2018 1:26 PM Author: gay bawdyhouse me = crypto portfolio 4xed the return of eth.
u = no crypto |
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Date: March 19th, 2018 1:36 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638037) |
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Date: March 19th, 2018 1:37 PM Author: gay bawdyhouse i took multiple large gambles and grew my stack to multiples of where it would have been if i had left it in eth. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638048) |
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Date: March 19th, 2018 1:43 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638085) |
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Date: March 19th, 2018 1:46 PM Author: gay bawdyhouse most of it was luck. a small part was skill. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638101) |
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Date: March 19th, 2018 2:54 PM Author: contagious double fault potus Dude how do you think you even have room to talk here?
Ex: literally made millions in crypto in the last year
You: renting some shitbox FL apt printing out fake “emotional support animal” certificates off the internet so you don’t have to give your landlord a $500 deposit |
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Date: March 19th, 2018 6:11 PM Author: jade goyim (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640096) |
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Date: March 19th, 2018 11:18 PM Author: out-of-control bonkers station (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35642429) |
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Date: March 19th, 2018 1:40 PM Author: Heady Corner I don’t monitor on a day to day basis since I don’t intend to pull any money out for years and years so volatility doesn’t bother me. It’s more important that this is something that’s not going away any time soon. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638065) |
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Date: March 19th, 2018 1:45 PM Author: gay bawdyhouse crypto has a very high chance of disappearing. there are plenty of unknown unknowns. for all we know someone could have found a fundamental flaw in btc/eth that they've been exploiting for years and the flaw only just comes to light. that would destroy the market.
think about the odds of crypto 1) being around 5 years from now and 2) being established enough that institutions and retail investors start allocating a small portion of their portfolios to it. if that happens, crypto's market cap could easily exceed $1 trillion on a sustainable basis. most of that value, however, will likely be captured by a handful of coins (some that may not exist today) and most current coins will go to 0. depending on your estimate of those odds, you could justify allocating nothing to a lot of your net worth to crypto on a kelly criterion basis. |
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Date: March 19th, 2018 6:09 PM Author: henna marvelous persian stage she should just buy btc and let do. btc is the reserve currency of electronic money. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640089) |
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Date: March 19th, 2018 1:46 PM Author: Citrine mildly autistic laser beams (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638100) |
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Date: March 19th, 2018 12:37 PM Author: Metal sanctuary depressive How much do I need to retire if I already own property? Very low COL. Will you tell us when to start hoarding again? your timing last time was pretty fucking sweet.
Also, when do you see 3rd gen tech coming online with actual use cases? |
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Date: March 19th, 2018 12:39 PM Author: Crimson institution headpube I put $35k into ETH at about $1200. how stupid a move was this? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637649) |
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Date: March 19th, 2018 12:46 PM Author: Boyish emerald wagecucks Ouch. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637700) |
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Date: March 19th, 2018 12:48 PM Author: comical startling international law enforcement agency you'll be in the black by year end. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637711) |
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Date: March 19th, 2018 12:56 PM Author: aqua arousing abode legal warrant Everyone has been saying repeatedly never buy ETH above $200 (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637770) |
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Date: March 19th, 2018 1:02 PM Author: Aphrodisiac Sandwich (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637809) |
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Date: March 19th, 2018 1:21 PM Author: gay bawdyhouse kind of dumb. i was selling at those levels (but not as much as i should've been).
there's a decent chance you'll make money in a few years. |
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Date: March 19th, 2018 12:44 PM Author: Milky friendly grandma I believe Mark Cuban has said that a Costco membership is one of the best investments a regular person can make.
Do you know of any other pithy lifehacks like that? |
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Date: March 19th, 2018 1:25 PM Author: gay bawdyhouse when it comes to saving money most people have their priorities fucked up. they should be spending a LOT of time figuring out the best way to reduce their big ticket expenses, particularly rent/mortgage, and that means spending a lot of effort on getting the best deal possible up front. instead people focus their money saving efforts on scrounging a few bucks here and there with coupons, etc.
also, use camelcamelcamel's chrome extension to look at the price history of products you regularly buy on amazon. set some price alerts for when the price drops around the level of previous sales. could save you tons of money with little effort. |
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Date: March 19th, 2018 6:10 PM Author: henna marvelous persian stage that extension blows (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640092) |
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Date: March 19th, 2018 12:52 PM Author: Aromatic fortuitous meteor feces Is there value to holding eth if the velocity is high when it is actually used for transactions? Presumably there will be fewer icos going forward; so it’s utility for Ico contributions is downtrending. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35637737) |
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Date: March 19th, 2018 1:28 PM Author: gay bawdyhouse yes. i think eth has a good chance of supplanting btc as the premier store of value in crypto. there are so many apps being developed on ethereum that you're exposed to a lot of upside potential if one of those apps really takes off (or even better if the whole ecosystem takes off). (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638006) |
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Date: March 19th, 2018 1:38 PM Author: ungodly philosopher-king immigrant Say I am debt free and max out my 401K. What vehicles do I use to invest the next $20K a year? IRA? Roth? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638056) |
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Date: March 19th, 2018 1:50 PM Author: gay bawdyhouse depends on your income and goals.
but in priority for retirement saving:
1) hsa is almost always a good deal if you're eligible for one.
2) traditional ira if you expect your marginal income rate in retirement to be lower than your marginal rate today. otherwise roth (backdoor if you're eligible).
(bonus): if your 401(k) allows "after-tax" contributions that are distinct from roth contributions--this is called a "mega" backdoor roth.
3) taxable account. if you buy equity index funds and don't intend to make lots of trades it can be extremely tax efficient. |
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Date: March 20th, 2018 8:14 PM Author: ungodly philosopher-king immigrant Can I do Roth and traditional?
I have like 10K in my HSA. At some point it’s too much eh? 30K? |
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Date: March 20th, 2018 8:21 PM Author: Bateful Chest-beating Tank RE HSA: One factor to consider: What is your expected lifetime amount of medical expenses that could be funded from your HSA? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648567) |
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Date: March 20th, 2018 8:27 PM Author: gay bawdyhouse yeah you can contribute to a roth and traditional in the same year splitting the 5500 limit but it's almost never a good idea.
just max out your hsa and treat it like a roth. yeah, you can use it for medical expenses but i don't recommend it. |
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Date: March 19th, 2018 1:38 PM Author: big corn cake Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638057) |
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Date: March 20th, 2018 1:45 AM Author: big corn cake N I G G E R |
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Date: March 19th, 2018 2:45 PM Author: curious hell when moon (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638501) |
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Date: March 19th, 2018 2:46 PM Author: gay bawdyhouse 5 years (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35638512) |
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Date: March 19th, 2018 6:05 PM Author: curious hell LMAO (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640069) |
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Date: March 19th, 2018 5:58 PM Author: glittery theatre Zil's market cap on 12/31/18? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640038) |
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Date: March 19th, 2018 11:18 PM Author: burgundy stag film $20 billion (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35642428) |
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Date: March 19th, 2018 6:28 PM Author: buff shrine cuckoldry Which of these has the highest expected value on 1/1/2021? I don't need the money now.
A. Selling my ETH today and paying short term cap gains rates. (It's still up 3 or 4x since my average buy.) Buying VTI with those winnings.
B. Selling my ETH in July after long term cap gains rates applies to all of it. Buying VTI with those winnings.
C. Leaving it all in ETH.
TYIA.
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Date: March 19th, 2018 6:57 PM Author: gay bawdyhouse C by far
however it doesn't mean it's the optimal strategy for you. you could do a combination of all 3 depending on how big ETH is as a portion of your net worth and your risk aversion. |
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Date: March 19th, 2018 6:58 PM Author: passionate dull weed whacker Whoa cr (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640383) |
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Date: March 19th, 2018 8:14 PM Author: Hilarious 180 gas station jew UNGGGHH (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35640929) |
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Date: March 19th, 2018 9:05 PM Author: Maroon personal credit line What are your thoughts on gold and silver? I never got into crypto and don't want to be. However, I own quite a lot of precious metal ETFs and am strongly thinking of reallocating into my active business (the vast majority of my other assets are either in my active business or in life insurance policies, very little stock market exposure to speak of). (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35641337) |
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Date: March 19th, 2018 10:26 PM Author: burgundy stag film If a million bucks fell into your otherwise poor, just-starting-your-career lap what would u do with it Do you know any good resources for starting ur own startup (ico or no) |
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Date: March 20th, 2018 1:29 AM Author: burgundy stag film pls (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35643232) |
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Date: March 19th, 2018 10:32 PM Author: mind-boggling ratface I have 50k to invest. Should I put it all in Amzn and Shell for the dividends? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35642043) |
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Date: March 19th, 2018 11:52 PM Author: burgundy stag film (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35642726) |
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Date: March 20th, 2018 1:33 AM Author: Vermilion Community Account gun to your head, you have to pick either TOMO or DRAGONCHAIN to hodl for 5 years. which? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35643245) |
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Date: March 20th, 2018 2:16 AM Author: burgundy stag film cq (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35643375) |
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Date: March 20th, 2018 2:32 AM Author: jade goyim Tomo.
TOMO!! |
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Date: March 20th, 2018 12:55 PM Author: Concupiscible House-broken Space whats the value add of personal wealth management if one is already semi-informed (invests in low cost indexes, maxes out retirement funds etc.)?
I read Investor's Manifesto which you rec'd - seemed like Bernstein was was very big on minimizing fees. |
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Date: March 20th, 2018 8:16 PM Author: gay bawdyhouse the advantage a competent advisor will give you is mostly in making sure you don't make stupid mistakes in taxes, asset allocation, tax location, etc. if you hire an exceptional manager you may be able to find someone who can outperform after fees but i think those advisors are maybe 1-in-a-100. i think i can actually generate some alpha after fees and taxes (and have so far) but i charge such outrageously low fees that i'm practically giving away my services.
from what i've seen even reasonably smart and educated people can make stupid errors in investing. i've seen nutella, earl et al do some dumb things and i'm pretty sure they would've been better off paying me instead of going it alone. |
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Date: March 20th, 2018 11:45 PM Author: Concupiscible House-broken Space (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35650135) |
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Date: March 20th, 2018 1:01 PM Author: arrogant galvanic step-uncle's house What cryptos are you high on? Any upcoming ones? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35645309) |
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Date: March 20th, 2018 8:14 PM Author: gay bawdyhouse ZIL, ETH
i rike cosmos and tezos. can't wait for them to be released. obviously i participated in both icos. |
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Date: March 20th, 2018 8:21 PM Author: burgundy stag film I've honestly kind of lost the plot on tezos. We're bullish on it as a platform vs other new "blockchain 3.0" things because of huge warchest, safer smart contracts (formal verification), and breitman's competence as a developer, right? It only seems to really rise above others on the warchest. Zilliqa (which you're also bullish on) has their contract language that should be similarly safe contracts (also formally verified), for example (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648568) |
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Date: March 21st, 2018 12:24 AM Author: henna marvelous persian stage tezos' big thing is the on chain self governance whatever the fuck
like an asian man having himself a yummy bowl of ramen, it'll be <><>NO FORK<><> |
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Date: March 21st, 2018 4:48 PM Author: burgundy stag film Oh yeah, totally forgot about the governance thing. Even though btc forks are pretty passe now (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35654633) |
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Date: March 20th, 2018 8:07 PM Author: mind-boggling ratface (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648459) |
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Date: March 20th, 2018 8:10 PM Author: Navy police squad chapel VTSAX vs. ICX? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648474) |
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Date: March 20th, 2018 8:13 PM Author: gay bawdyhouse icon is total nonsense imo but they've raised so much money they might actually be able to hire good enough developers to execute their vision.
would personally rather own vtsax even though ICX has a higher expected return (90% odds of going to 0, 10% odds of maeking it). |
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Date: March 20th, 2018 8:39 PM Author: Navy police squad chapel VEN vs. ICX? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648662) |
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Date: March 20th, 2018 8:45 PM Author: gay bawdyhouse no strong feeling. (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648698) |
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Date: March 20th, 2018 8:20 PM Author: Razzle location useless brakes Are you accepting xoxo clients? How much rake? (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35648557) |
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Date: March 20th, 2018 8:29 PM Author: gay bawdyhouse for crypto, i only manage my own money. may set up a hedge fund.
for traditional financial stuff, maybe. my fee is asset-based, max at 0.5% for small accounts, and drops precipitously for large accounts. for example, i have a $20 million client who pays about 0.2% per year. |
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Date: March 20th, 2018 11:44 PM Author: Razzle location useless brakes for traditional financial stuff, do you take on completely new clients or just on the side from existing referrals? if new clients, how do you get them comfortable with your biz?
like say i or other xo poa wanted to give you 100k to start with to see how things go (and not get madoffed). would you be up for that? |
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Date: March 21st, 2018 4:49 PM Author: burgundy stag film (http://www.autoadmit.com/thread.php?thread_id=3922815&forum_id=2#35654639) |
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Date: March 22nd, 2018 11:54 AM Author: gay bawdyhouse i've taken on completely new clients. it's really case by case.
i don't try to make prospects comfortable. i just explain my structure, fees, process, limitations as thoroughly and honestly as i can.
i wouldn't do it for $100k unless there was a strong possibility of a $1 million+ allocation eventually. however i offer personal advice/analysis quite freely and i often given detailed comments to friends/family that ask for it. |