Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Recommendations for Financial Advisor (https://www.talkofthevillages.com/forums/investment-talk-158/recommendations-financial-advisor-353186/)

capecoralbill 09-25-2024 07:21 AM
"Caymus Others were not taking new accounts."

Would you mind telling us who was not taking new accounts?

Boomer 09-25-2024 07:39 AM
6% has always been too much, and as house prices shot sky-high, those commissions became an obscenity. I don’t even want to start thinking about what those commissions would come out to be in an hourly wage. Yeah. I know. They work soooo hard. But c’mon — thousands and thousands and thousand — for how much time???

It’s been so wrong for so long, but this so-called solution does not make sense.

Here’s an obvious question — or maybe it’s a dumb one. But why not have buyers’ agents work for an hourly wage?

Next obvious, or dumb, question: Wouldn’t it make sense to just call each listing agent? (Not easy to find out with TV houses but with the MLS it is.) Savvy buyers know how to do their homework and should be comfortable without someone who is “representing” their interests because some buyers can do that themselves.

Maybe I am being obtuse, but this whole thing looks like a convoluted mess of stress for buyers and sellers. Am I missing something?

Boomer

retiredguy123 09-25-2024 07:44 AM
Quote:
Originally Posted by Boomer (Post 2373413)
6% has always been too much, and as house prices shot sky-high, those commissions became an obscenity. I don’t even want to start thinking about what those commissions would come out to be in an hourly wage. Yeah. I know. They work soooo hard. But c’mon — thousands and thousands and thousand — for how much time???

It’s been so wrong for so long, but this so-called solution does not make sense.

Here’s an obvious question — or maybe it’s a dumb one. But why not have buyers’ agents work for an hourly wage?

Next obvious, or dumb, question: Wouldn’t it make sense to just call each listing agent? (Not easy to find out with TV houses but with the MLS it is.) Savvy buyers know how to do their homework and should be comfortable without someone who is “representing” their interests because some buyers can do that themselves.

Maybe I am being obtuse, but this whole thing looks like a convoluted mess of stress for buyers and sellers. Am I missing something?

Boomer
Boomer, I think you posted to the wrong thread.

Stu from NYC 09-25-2024 08:10 AM
Quote:
Originally Posted by wolfie (Post 2373143)
I am quite a few of my friends use West financial group. Our contact is Skip. We have been using him for a few years and have been very satisfied with the results located here. The Villages telephone number is 33524610645 and my name is Peter Wolfinger, and I am not easy to please when I play with my money I get good returns from them and to me that's what counts
Guess they talked you into buying annuities

Aces4 09-25-2024 08:42 AM
Quote:
Originally Posted by Boomer (Post 2373413)
6% has always been too much, and as house prices shot sky-high, those commissions became an obscenity. I don’t even want to start thinking about what those commissions would come out to be in an hourly wage. Yeah. I know. They work soooo hard. But c’mon — thousands and thousands and thousand — for how much time???

It’s been so wrong for so long, but this so-called solution does not make sense.

Here’s an obvious question — or maybe it’s a dumb one. But why not have buyers’ agents work for an hourly wage?

Next obvious, or dumb, question: Wouldn’t it make sense to just call each listing agent? (Not easy to find out with TV houses but with the MLS it is.) Savvy buyers know how to do their homework and should be comfortable without someone who is “representing” their interests because some buyers can do that themselves.

Maybe I am being obtuse, but this whole thing looks like a convoluted mess of stress for buyers and sellers. Am I missing something?

Boomer
Not obtuse but maybe oblivious to the subject.:D I think you posted this under the wrong thread. It happens to most of us sooner or later.:posting:

Caymus 09-25-2024 09:01 AM
Quote:
Originally Posted by capecoralbill (Post 2373404)
"Caymus Others were not taking new accounts."

Would you mind telling us who was not taking new accounts?
None of them were near The Villages. Two were in Massachusetts, one each were in Connecticut and Colorado.

petsetc 09-25-2024 11:15 AM
My obligatory post to anyone seeking investment advice.

Take time to read Paul Merriman’s 3 FREE ebooks.
1. First-Time Investor
2. 101 Investment Decisions
3. Get Smart or Get Screwed (read this first!)

Found at paulmerriman.com

Also on his site are recommended portfolios for using Vanguard, Fidelity, T.Rowe Price or Schwab for DYI'ers. Much good info, ignore the puffery and sales pitches.

If you do want to know too much about annuities, listen to Stan The Annuity Man® | Brutally Honest Facts About Annuities podcasts.

Podcast - Have Fun With Annuities(R) | The Annuity Man

Last recommendation is FIRECalc: A different kind of retirement calculator , a Monte Carlo simulation of your future.

FWIW

Plinker 09-25-2024 05:31 PM
Quote:
Originally Posted by Stu from NYC (Post 2373430)
Guess they talked you into buying annuities
Google his name. The article says he was arrested and charged with felony assault at Wolgang Pucks in Brownwood while intoxicated.
Just one of many examples of the importance of due diligence.


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