Just curious what this even means? You aren't happy with 25% returns or you are mad you are missing out on 25% returns or what?
Some of us non-boomers like our stocks reasonably priced.
Just curious what this even means? You aren't happy with 25% returns or you are mad you are missing out on 25% returns or what?
I half agree. I prefer they be reasonably priced when I buy them but I would like them to be ridiculously overpriced when I sell them.Some of us non-boomers like our stocks reasonably priced.
Some of us non-boomers like our stocks reasonably priced.
In the month since I enlisted Edward Jones to handle my retirement account, it has grown by $2,200. I was very happy with that result. Over a full year, the interest rate would be about 14 percent if it kept growing at that rate, which it won't. I understand that. But still, I was happy. And all of that was strictly interest, because I don't contribute to it anymore.
Just curious, but is your Edward Jones account handled by someone in Ames? Mine is, and I couldn't be happier with the results the last 3 years since I switched. I also don't contribute anymore, but the gains have been fantastic!
That’s true.... I did that!A coke-addled cockatoo could have gotten you great returns the past three years.
A coke-addled cockatoo could have gotten you great returns the past three years.
Not sure I understand that logic, but should I thank my financial adviser or Trump for my "great returns"? Hell, I've been in finance for 30 years, and I still won't trust my instincts over a well-qualified financial planner. If I make 5% or 10% more than the average "cockatto", then I think I'm good to go...
How long can you borrow a trillion dollars a year to essentially let corporations buyback their own stock before a crash happens? Doesn't seem sustainable.
In the month since I enlisted Edward Jones to handle my retirement account, it has grown by $2,200. I was very happy with that result. Over a full year, the interest rate would be about 14 percent if it kept growing at that rate, which it won't. I understand that. But still, I was happy. And all of that was strictly interest, because I don't contribute to it anymore.
A coke-addled cockatoo could have gotten you great returns the past three years.
Just curious, but is your Edward Jones account handled by someone in Ames? Mine is, and I couldn't be happier with the results the last 3 years since I switched. I also don't contribute anymore, but the gains have been fantastic!
I do not think you should thank anybody. The market does what the market does for reasons far beyond the control of any individual, including the President of the United States. Just saying -- the market has been so good over the past few years that any idiot with a random number generator or the ability to buy into an S&P index fund should have gotten you great returns. Your adviser is not exactly displaying a unique or special talent there when the market is paying out for basically everybody of late.
Now, if you find their services valuable, then great for you. I tend to think financial planning is something anybody can do with a spreadsheet (or even a few sheets of paper and a basic calculator) and some organized thinking on their part, but if you find farming that out to a professional useful to you, then do enjoy it. Their fees are going to eat into your investment returns from the market, however, so they better be *much* better than the market average, else you are better off with a low-fee index fund. You get the same (or better!) returns without advisory fees eating into the return, which adds up long-term.
Or at least that is how I play it.
Do you mean earnings? Fixed accounts pay interest and you don’t need a financial planner to invest in fixed vehicles.
The sky is falling!
I bet you believe you can diagnose yourself when sick and prescribe yourself meds too. I mean anyone can be a dr. Come on! Financial
Advisors go through many many years of schooling and tests to learn and know what they know. I challenge you to go head to head with a advisor for 1 year and see how that turns out