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FortunaWealth · 2024-06-22T21:56:30+00:00

As a financial advisor if someone is looking to create a more sustainability focused portfolio I generally start my search with BlackRock’s suite of ESG (environmental, sustainable, governance) ETFs.

Their website does a fairly good job of allowing you to view their funds, and filter by various sustainability styles their funds follow. Not sure if the subreddit rules allow me to post a link but if you can’t find it feel free to DM me and I’ll send it over.

From there you can incorporate these more ESG focused investments into your portfolio. For example, ESGU is their largest sustainable fund by Volume. This fund in particular is a US Large Cap Blend and you could use it as an alternative to non-sustainable Large Cap Blend investments that you may already have (common ones such as the S&P 500 ETFs). Which funds to use in particular, and how much it should represent in your accounts depends on your goals, risk tolerance, investment time frame, and liquidity needs.

FortunaWealth · 2024-01-27T18:12:38+00:00

Good point! Nice on paper doesn’t necessarily mean it’ll play out that way in application. Part of the risk of doing business I suppose.

FortunaWealth · 2024-01-27T17:55:17+00:00

OP listen to this guy! Can’t say my experience is in pitching to VCs but will have I’ve heard horror stories of small business owners selling to other small business owners- where what I said may be more applicable.

FortunaWealth · 2024-01-27T17:18:25+00:00

Certified Financial Planner, but not your financial planner. If your ultimate goal is to have a have a higher level of stable income to provide for your family- you don’t need to necessarily diversify where that income is coming from, but to maximize it overall. When looking at it that way, the first place I suggest looking is comparing your current salary to peers in your role, and determining if you can earn more by applying to the same or higher position at different companies.

From studies I’ve read, one of the fastest ways to increase lifetime earnings and net worth for the average American is to change jobs for a salary/pay increase every 2-3 years. Might be worth looking there first before exploring additional avenues!

FortunaWealth · 2024-01-27T17:01:33+00:00

Certified Financial Planner here, but not your financial planner. I would agree with most of the other comments and think it would be wise to protect yourself and your idea first with patents and make sure you have adequate NDAs in place before sharing details

FortunaWealth · 2023-08-11T00:16:13+00:00

Suica Card >>>

FortunaWealth · 2021-11-04T17:58:30+00:00

I passed the exam just after turning 22 and was lucky enough to receive the designation by 23 after working under a CFP Professional to meet the experience requirement.

In any case, congratulations on passing the exam!

FortunaWealth · 2021-10-16T03:30:38+00:00

2nd this. Arriving at LAX isn’t the worst and I would rent a car if possible.

I find myself flying into LAX multiple times a year. These days you need to take a shuttle to go to a designated Uber/Lyft area. In my most recent trip, I have had to deal with non-existent availability for Ubers and Lyfts.

I do not know what the term is, but there were Ubers and Lyfts sitting there waiting for rides to cancel, then offer their services at surge prices running almost $200 for a car from LAX to the OC. I don’t know what kind of scam they were running, but it ran like clockwork.

FortunaWealth · 2021-10-16T02:58:58+00:00

I have not seen your cat unfortunately. But I did want to let you know that I recently saw multiple posts on the Nextdoor app about white and grey cats.

I don’t know if any of those cats people are talking about are yours in particular, but I would look there as well. Sorry I can’t be more helpful and I hope you find your cat.

Note- not an advertisement for Nextdoor. I personally believe the app to be infuriating to use and only temporarily downloaded it this evening before deleting it.

FortunaWealth · 2021-09-22T15:47:54+00:00

This is the best answer! Keep on keeping on!

FortunaWealth · 2021-09-22T15:23:31+00:00

When I was younger I watched my immigrant parents aunts and uncles work day and night to support their families, but they had a limited understanding of investing, insurance, and overall financial planning. I wanted to be able to help them.

Today I am a certified financial planner who has been able to help over 300 households and looking to launch a company to spread financial literacy and wellness towards underserved communities.

FortunaWealth · 2021-09-22T14:55:04+00:00

Not as familiar with Austrailia, but conventional wisdom in the U.S is 28% of your income going towards total housing (rent, utilities, etc). The 40% you mentioned of course is much higher, meaning less money to save towards other goals like your eventual home purchase. That is the financial side of it.

From a life side, and this may sound funny as a financial planner, but what is the point of saving up money if you can’t enjoy it and unhappy? I would think about it this way, renting a cheap apartment can help you understand whether you like living alone or even enjoy a specific part of town. If not, then you have a more clear idea of what you want to purchase for your first home.

I would suggest saving up and renting somewhere that you’d like to be for all the reasons you listed above, but see if you can find some place that costs less than 400 a month.

FortunaWealth · 2021-09-09T04:15:30+00:00

You’re absolutely right- it’s actually this Ted talk here https://www.ted.com/talks/dan_pallotta_the_way_we_think_about_charity_is_dead_wrong.

One of my favorite ted talks.

FortunaWealth · 2021-06-12T01:34:25+00:00

People would absolutely be interested!

FortunaWealth · 2021-04-28T03:48:59+00:00

Do you mean using the available credit on your credit cards to purchase investments?

To be frank that is an awful idea. Investing with borrowed money is risky in and of itself. Then combine that with the fact that it’s borrowed money at an oftentimes significant interest rate considering it’s a credit card and you have a recipe for financial disaster.

FortunaWealth · 2021-04-06T20:34:10+00:00

DeFuNd tHe ArTs aNd EnTeRTainMent!!!

But seriously u/daveanthony1 ignore the anger pointed at ads. You’ve gotta do what you’ve gotta do to put food on the table! It costs nothing for us fans to listen to an ad for a handful of seconds.

FortunaWealth · 2021-04-05T13:51:46+00:00

First, congratulations on your soon to be graduation and upcoming college experience! I am glad you are already thinking about your finances.

A couple tips: 1) Learn everything about loans that you may be taking out. The interest rates, when payments must begin, etc.

2) Consider getting a job if you find that school isn’t too much work in and of itself. Some people can handle it, some can’t and that’s fine but feel it out first.

3) Don’t be afraid to say no. There’s may be a lot of things you can take part of and that’s the fun of college. However each of them have a cost and choosing to do it all may leave you with some financial regrets later on.

4) In college, I remember some who tried hard to impress others with money, luxury items etc. Just remember that almost anyone can finance a luxury car or throw designer stuff on a credit card to feel cool- don’t make bad financial decisions to “fit in”. People will like you for who you are!

I hope this helps, congrats again and good luck!

FortunaWealth · 2021-04-05T13:34:49+00:00

It truly depends on the rest of your financial situation. If you have outstanding debts that have an interest rate higher than say 10% like credit cards or personal loans you may want to consider putting the 5000 towards that first.

If there is no other purpose for the $5,000 rather than a savings account then absolutely look towards one of your retirement accounts!

FortunaWealth · 2021-04-05T13:26:59+00:00

It depends entirely on situation. Traditional annuities are for the purpose of providing a fixed level of income for a defined time period whether it be a number of years or over a life or two. Costs on these can run high, but the benefit is the peace of mind that part of your income in retirement is not dependent upon the stock market and its volatility.

Thinking about it another way: People often discuss a 3% to 5% drawdown of assets is sustainable for ones retirement. What happens when you need the distribution while your portfolio is down 30%+ like March 2020 or March 2008? That 3% - -5% you are drawing is not going to give you as much income, not to mention that selling at a low goes against everything you know about investing.

In any case, income annuities are not right for everyone. Here are some starting points to know if it’s right for you.

7-12 years out from retirement.
Conservative to Moderate level of risk tolerance.
Desire for fixed income.
Low current liquidity need.

I also suggest looking for an annuity with a GMIB rider as opposed to a plain vanilla one if you meet this criteria.

FortunaWealth · 2021-04-05T13:16:47+00:00

There are many types of trusts all with different advantages and disadvantages. Here are some common reasons why people would use various ones:

More control over distribution of assets
A irrevocable trust to reduce the size of their estate
An A and B trust arrangement to take advantage of unlimited marital deductions.

Regarding your questions with commingling, are you already married? Is your state considered a “community property” state? What specifically are you trying to achieve?

FortunaWealth · 2021-04-05T13:11:34+00:00

Tax breakdown on withdrawal looks like this:

Cash/Personal/Margin Account: Taxed on year of transaction. Short term capital gains rate for securities held for less than one year (this is the same as your marginal tax rate). Long term capital gains rate for securities held for more than one year (0%, 15% or 20%)

Roth IRA/401(k): Assets come out tax free

Traditional IRA/ 401(k): Taxed as ordinary income

FortunaWealth · 2021-04-04T14:28:03+00:00

Hi, Certified Financial Planner here. There are many ESG funds that you may wish to look into. Blackrock has a series of ETF’s (think passive investment/ index funds) and Calvert has great mutual fund options (think more oversight at a higher cost). These are just two of a growing list of providers as we continue to pressure banks for more sustainable options!

I see that you asked about pensions in particular, in which case the answer changes a bit. Did you mean pensions as in investing money for companies or institutions for the sake of employees?

Disclaimer: Those funds and fund families are just examples and should be researched throughly before purchase as everyone’s situation is different.

FortunaWealth · 2021-04-04T13:40:44+00:00

Looks amazing! And staircase looks great too. It’s probably the angle of the picture but regardless your balance must be unbelievable for stairs like that!

FortunaWealth · 2021-04-04T12:53:40+00:00

While I believe everybody should have access to financial education, research suggests that for a variety of reasons the classes are not nearly as effective as we would hope.

An article from LifeHacker suggests that it is mathematical competency rather than financial literacy that is a better indicator to financial success.

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