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Originally Posted by LeRoySmith
I've been talking to a guy in Ocala (the brick city group) about managing my money and I cant seem to make the leap. Its not that I don't trust him, but no one cares about your money as much as you do. The other part that's hard to swallow is the ~1% fee. That covers all my living expenses for a year and he is looking for a target that's lower than what I typically make on my own (he does make a very good case about lower volatility).
I've always stumbled my way to pretty decent results but as I age and my mind gives up on me it feels like I need help.
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I have the same concern. Who can I hire to step in and manage my investments when I start to lose it?
Right now I have lined up a trust company named in my revocable living trust and testamentary documents which works with accountants and financial advisors selected by their clients. The problem is finding a capable asset manager or team. I have heard some horror stories about what happened when investors who had done relatively or very well turned the management of their financial assets over to "professionals". In some cases many millions went down the drain. I find that scary. It has taken me a lifetime to accumulate what I have through hard work and sacrifices. I would like its value increased or at least retained for my heirs and devisees.
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Last edited by manaboutown; 12-03-2024 at 04:15 PM.
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