How many are loving paying their financial advisor now?
 

Not expecting many got people out when the should have. What excuses do they give you? Wait 10 years and it will be fine. Many don’t have that long

If an investor hasn't been aware what going on and impacting the US, Canada and Europe they may want to move out of the cabbage patch they are living in. I've lived through the 9/11 stock market lived through 2008 market drop, Covid drop last year. I didn't need a financial advisor to clue me in or advise me, with inflation and the upcoming housing bubble tell me I'm wrong.

Since one cannot consistently time the market best course of action is to buy good stocks or funds and stay the course.

Otherwise all to often you will sell low and buy high.

Most villagers don’t have time on their side. The downside of equities. Liquidity drives markets

S&P officially in a bear market - 20% lower. Target lost 35% in one day. Hang on as it’s not over yet!

Very true but since we seem to be living longer cannot run out of money so some should be invested in equities problem conservative ones like a value fund or dividend growth.

My pension is in real estate, only my children and grandchildren's inheritance is in the market, they should have plenty of time and will most likely see this happen again before they need it so I'm in for the long haul as I was through the last few cycles.

Ran across this when searching for a “Fee Only” (not fee-based) advisor. I pay an advisor like I pay my accountant or attorney - by the hour. I rarely need to call now as I am retired and no longer own a business.

Two investors:

Beth: Starts with $10,000 and adds $8,000 annually into index fund earning 8% (this is conservative as the S&P 500 has returned, on average, 10+% for many decades, including reinvested dividends). Her balance: $2.29M

Joe: Same as Beth but returns are 7%. This reflects a 1% AUM fee.
His balance: 1.74M.

I will pass on the “free” polo tickets and T-shirts. For those that would like help in managing their portfolios, I would recommend Vanguard. You can speak with a CFP and they only charge 0.30%.

If investment counselors knew the market ups and downs, they would all be rich, and not need your commissions to make a living.

A very wealthy and astute investor was once asked about his secret for success and he answered - "I sold too early." The obvious point he was making, is that he didn't try to perfectly time the markets, which is impossible. It's also a good segue into a saying that my dad likes to use, which is - "pigs get fat...hogs get slaughtered." Both sayings go a long way in explaining the Oracle of Omaha's - many decades of success.

Very true, stick with the winners as they continue to win.

Bear market
 

Nope. The NASDAQ is in a bear market but not the DJI or SPX just yet. To be in a bear market the DJI must close below 29440 and the SPX must close below 3837 today.

I'm a big fan of Vanguard but not so much their advisory services. I used them for a few years and after we set up the asset allocation 60/40 they did nothing. Their philosophy is pretty much to put everyone in a 60/40 allocation and leave it. Its not a bad plan however what do you need them for when you can do the exact same with a vanilla 60/40 fund which costs you maybe ,002%

You say tomato and I say tomato or however you spell them.

I agree. I have been a Vanguard client for over 35 years yet have never utilized their advisory services. Also, I have never paid and will never pay an AUM fee.
However, there are many people with little or no knowledge of how to structure and manage a portfolio. Also, they may have no desire to learn. That’s okay. These individuals would be far better served with a company like Vanguard where they can speak with a CFP than the local Villages “advisors” peddling high-commission indexed annuities plus high AUM fees.
They have no idea just how much they are paying for, what I believe, is poor advice that is hazardous to their wealth.

If he were so astute, he would not need to sell. I’ve done unbelievably well by just hanging in there…doing nothing. Buying 10 sh of BRK in 1992 a $16,600@ was helpful. Thought I was crazy since it had been $8000 earlier that year. If this astute investor was selling prematurely, it was because he had a profit…and no one got rich paying capital gains tax. He had less to reinvest in his next adventure.
Clark Clifford, a renown Washington lawyer, once analyzed a complex deal. His summary was 2 words, “do nothing”. And enclosed a bill for $25,000.

100% agree.

Interesting how well one can do by doing nothing

Nobody complains about selling at a profit.

Never had one and never will. Prefer to make my own decisions and execute through Vanguard and Fidelity brokerage accounts.

Actually they do if they find that what they sold keeps going up and up and up

I don’t need to touch my funds for 8 years, so waiting is not an issue.just got off the phone with my guy, about buying different stocks for the last to weeks. When the market is down I buy, works for me, but maybe not everyone

I remember TOTV postings like this in March 2020 when we had a V shaped drop and recovery in the market. Lots of folks think they know what they are doing but truth of the matter is they don’t. Age doesn’t make you smart.

Watch out if you’re male, over 45, and think you know about investing - MarketWatch

I bought a few shares of BRK @ $3,000 in the mid 1980s. Lucky buy.

This is the beginning of the green new deal for those of us who haven’t figured it out yet….turn off oil/gas supply the machine shuts down…

If your advisor is astute he will tell you to vote in November.

No problem at all. You don’t just pay when the market is up.

Don't blame your financial advisor. Elections have consequences and so do radical economic policies.

STAGFLATION, showing signs since 2020… if you weren’t slowly selling off stocks during peaks it’s your own fault.. Cash is King

You should of fired your financial advisors a long time ago if you are worried about a drop in the market. At this point in our life you should be invested in high value income stocks and bonds that pay your income whether the market is up or down.

three letters, VTI

Curious - do you know anyone knows when to “get out”? Doubtful!!

For several decades now every pull back in the economy was rescued by the Fed Reserve using their bag of tricks. During this time far more advisors lost clients by being bearish rather than by being bullish because "they fought the Fed."

Interestingly this time "fighting the Fed" meant being bullish since they were quite vocal that they were going to aggressively raise rates to get inflation under control.

Add to that the governments war on oil, the embargo on Russia, mind blowing Federal deficit spending and soaring inflation, most financial professionals just kept on being bullish. Why? Well, like the Geico commercial said. "Because that is what they do"



.

And you think individual investors looking to TOTV for investment advise are smart investors? Everyone will tell you about their WINNERS, but NOT THEIR LOSERS!!! The road to Hell is paved with Good Intentions and the road to Financial Ruin is paved E-Trade Trade Tickets!!!

One great thing about a down market is BARGAINS! Especially, legacy stocks for the kids like Apple and Tesla. Trick is finding the bottom. Since my investments are for inheritance, there is plenty of time. I’m in for the long haul.

I don't have a financial advisor ..... I do have a fiduciary, and I've been doing better than expected.

How to lose
 

Take a big % out and probably miss the big run back up and stay down. I don't want to tempt you to play the market if you don't put in the time & effort to learn how you will probably be worse otherwise.

For a non investor get a low cost advisor and have mainly low expense ratio etfs & funds but mainly indexes it is too hard to pick stocks and time well. S&P 500 VOO and total market VTSAX dividend growth VIG SCHD maybe QQQ for tech

The more your advisor buys & sells the more they make doesn't matter if you do.

Timing the market is a fools game. You have to be right twice. Once when to get out, the other is when to get back in....if ever.

For many years I have been in for the long haul. It must be my nature. I was 80% solid stocks and 20% cash until a few weeks ago when a significant real estate investment property I had held for 37 years sold for a crazily high price. That brought me up to 50% cash. Last week I put my toe in the water and bought a little stock. Not much, just a few shares. I am taking my time and not in a hurry as I see buying stocks right now as trying to catch a falling knife. The Fed plans to raise the prime rate in June and again in July. Inflation is running wild. Many people have become financially stressed. A recession is on the horizon. And so on...

One word......”plastics”