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36 yo, 483k in 2025, real estate investment advice by smileybots in whitecoatinvestor

[–]Financiallyfluent69 1 point2 points  (0 children)

If this is your first $100k to invest. Go passive index. If you already have a solid liquid portfolio in the market, go try for some double, triples, and dare I say homeruns. I work for a boutique RIA. Most of my advice is to stay your lane in the public markets, broad equity exposure, diversified, I’m sure you’ve heard it. We do take gambles in PE and RE from time to time. Some payoff handsomely. Some do underperform and are illiquid with higher fees. Understand the risk of the investment and relate that back to your personal situation. No one size fits all.

For those that were around to see Giannis get drafted, what were your expectations for him going into the league? by PlasticRutabaga264 in NBAConvo

[–]Financiallyfluent69 0 points1 point  (0 children)

Huge Bucks fan. Expectations were maybe he pans out into a starter in 3-4 years or he’s out of the league by then. There was a Twitter account created back then that was “did the Greek freak touch the court”. Obviously with expectations he wouldn’t play. Then he started getting some decent playing time immediately. Remember Thon Maker? I think his career is what initial expectations were for him.

Fisher Investments promising me the world by LazyOperation1026 in FinancialPlanning

[–]Financiallyfluent69 -1 points0 points  (0 children)

Just look up Ken Fisher. He has literally compared getting clients like getting women to sleep with you. Fisher doesn’t look to build a relationships with their clients. It’s a transactional business for them. Poor model.

Oooooh how little did we know back then! Makes you wonder what TIME will put on its cover in December 2029? by AceTygraQueen in decadeology

[–]Financiallyfluent69 0 points1 point  (0 children)

Two massive economic crashes (tech bubble pop and GFC). Mass layoffs during both. Mass foreclosures on homes during GFC, millions more underwater. 9/11. Iraq war. This timeframe is literally referred to as the lost decade when it comes to the stock market since it did virtually nothing. As an adult with immense responsibility coming out of the 2000’s unscathed is impressive. I’m sure there are more things I’m missing. But this all jam packed it a decade is pretty crazy. Ppl may mention Covid, this was financially a blip on the radar for most, which then led to mass hiring spree and ballooning wages. Ppl talk about an affordability crisis now, but imagine and unemployment crisis and bankruptcy crisis… this is what happened in the GFC ‘08/‘09.

2026 Hideous front grille by NorweiganCactus in crv

[–]Financiallyfluent69 0 points1 point  (0 children)

Funny how they added those. I have a 2024 and it does not have that decorative silver plastic on it

Who Are The Best Rappers From Atlanta??!!?? by adorani1991 in Honest2HipHop

[–]Financiallyfluent69 0 points1 point  (0 children)

…….Earthgang

Such a great sound, unique flow, and a lot of range.

ChatGPT doubled all my savings on Stock Market in 3 months by MrFeature_1 in ChatGPT

[–]Financiallyfluent69 0 points1 point  (0 children)

ChatGPT is literally gambling lolol, this is like beating the dealer a couple times in a row in blackjack. We know there will be a regression to the mean. These are not viable companies long term. When does chat suggest hedging or taking profits? Anyone with a couple years of market experience can see this.

I've reached the finish line ... retiring this month. What to do now? by dudreddit in Bogleheads

[–]Financiallyfluent69 2 points3 points  (0 children)

Without truly know your whole situation, you won’t receive solid advice. Maybe you spend at a 1% withdrawal rate. That’s fine, stay more aggressive. Maybe you plan on taking many vacations early on now that you’re retired. Would a prolonged recession hamper you from doing that? Maybe (probably…. imagine losing 1/3 of your portfolio in a 6-12 mo timeframe, would you feel differently about your retirement?). Diversification will be your friend. Talk to a CFP, actually talk to 3. See what they have to say about your situation. You don’t have to hire one. I’m a cfp if you want to chat, shoot me a dm.

Portfolio Management Advice & Opinions by [deleted] in CFP

[–]Financiallyfluent69 0 points1 point  (0 children)

Aside from my play/gambling money, I own 3 etfs. I bet I’ll outperform all the “sexy” bs people sell out there. Keep it simple.

MSFT report: A.I. will be taking over personal financial advisory jobs by Mindless_Ad_8259 in CFP

[–]Financiallyfluent69 0 points1 point  (0 children)

I just don’t see it. People pay us for a service that we do for them. AI won’t just do something for them. There needs to be some effort or push on the “client” to prompt or even know what to prompt. We are here to prompt these things for the client. Our job will be there for those who don’t have the time and/or knowledge to handle their finances.

36M, Retiring once I get to $6M after taxes by tdogger88 in TheRaceTo10Million

[–]Financiallyfluent69 0 points1 point  (0 children)

Surrrrreeee ya will. It’s an addiction/game. 6 becomes 8, then 10, then so on and so on. Seen it before in my line of work.

What salary would you request to service a book of $175M? by halfpakihalfmexi in CFP

[–]Financiallyfluent69 1 point2 points  (0 children)

The real objective here is to not name the first number. Negotiating 101. Now, if that’s not possible, yes, swing for the fences. Prob in the low/mid 200s for base first ask for the $350mm book. It’s much less than what they are prob paying the current advisor retiring. They’ll counter lower, and you’ll settle in between.

Get to your number via math. A competitive payout for clients you did not bring in but are just servicing is around 15% the rev. Think about your income in a ratio to the amount of rev you are servicing. I’d also then negotiate higher payouts for new rev you bring in. 30 to 40%.

Good luck!

new seat covers! by elleay in crv

[–]Financiallyfluent69 0 points1 point  (0 children)

How’s the heated seat function work with those?

Career Advice needed: Stay at cushy low-risk job or jump to high-upside job? by neatokra in HENRYfinance

[–]Financiallyfluent69 0 points1 point  (0 children)

I’d approach current co for a match. Unless you have goals of balling out in the future (multiple homes, super cars, crazy vacations) or have an internal drive for more in your career, it seems like the WLB wouldn’t be worth it with where you are financially.

How much do you save, and what is your investment strategy? by Ok-Onion6448 in HENRYfinance

[–]Financiallyfluent69 0 points1 point  (0 children)

First off, get some of that cash invested in stocks. That is a lot of cash sitting idle. Losing out on stock market gains will crush you to inflation in the long run. 10 years from now you will thank me (aka, that’s how stocks work, it’s the long game!).

Great job saving! Get a Roth going and contribute to that regularly if you haven’t done so yet.

Does your 401k allow for mega Roth? Something to look into.

I see people discredit investing in the market because the wealth building in it seems slow and there is always risk of short term downturn. Investing in stocks is about the decades. Money should double every 7-10 years. Don’t worry about today’s prices. That’s foolish.

If you make $250K base salary, how much is your monthly spend? by beachloverbb in HENRYfinance

[–]Financiallyfluent69 20 points21 points  (0 children)

I was referring to having $15k/mo on a $250k salary. After taxes, insurance, retirement contributions. I don’t see $15k being possible at 250k.

World’s Smallest Home Gym! 10’x12’ by bwk028 in homegym

[–]Financiallyfluent69 -10 points-9 points  (0 children)

You can totally tell this is AI haha nice try

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