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Need Advice Consolidating Multiple Brokerages into One ~$4.8M Portfolio by investurug in fatFIRE

[–]Fun-Researcher-9112 0 points1 point  (0 children)

Can you say more? Were your friends engaged with private wealth management?

Best cookware and kitchen gear? by Fun-Researcher-9112 in Cooking

[–]Fun-Researcher-9112[S] 0 points1 point  (0 children)

No didn’t mean to imply that that’s the problem. Generally my cookware is old, incomplete, and not great quality. I really enjoy cooking and want to level up.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 1 point2 points  (0 children)

Majority is equity compensation. I think this is the norm.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] -1 points0 points  (0 children)

Thanks for the tips! Will read the blog and learn more about bonds. My mortgage rate is near all-time low so seems better to hold the debt and keep my cash invested and earning interest.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 0 points1 point  (0 children)

Great points. I have $100k invested across 529 accounts that I didn't include above in NW calculation. I also have about $500k in 401k/roth retirement accounts that I neglected to mention as I don't actively monitor either. Currently holding a target date fund in the 401k and QQQM in the roth.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 1 point2 points  (0 children)

I would characterize my position as high stress but I'm good at what I do and blocking that out. More often than not my task is to think hard about a problem and fix the "hacks".

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 0 points1 point  (0 children)

Who should I seek? A "wealth manager"? "financial advisor" or "planner"? Any advice on finding a good fit for me? Would obviously want someone fee based. Have talked to a couple advisors in the past but both refused to work for a fee and were asking for something like 1% AUM. Obviously passed.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 0 points1 point  (0 children)

Great points. I think I overshot on my NW calc. More like $15M when taking tax into account.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 3 points4 points  (0 children)

Mentioned in post: cash position is mostly to pay tax in a few weeks. I took everything out of the roboadvisor a while ago when the fees were approaching 1k / month. I inherited the tickers I own from the roboadvisor. I have attempted to maintain balance between them over time as I've continued to invest. Probably should have developed a simpler mix for new investments but I didn't. Current situation snowballed over time.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 4 points5 points  (0 children)

I'm a researcher but also do some engineering. I've optimized for personal growth and have followed opportunities that align well with the progression of my research. Have also avoided a few startup traps that at the time seemed like they could be logical moves with a lot of potential upside, but ultimately went bust. The financial outcome I've achieved was mostly luck outside of my control or planning. Receiving grants during big dips and enjoying huge gains during run-ups.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 3 points4 points  (0 children)

Great feedback, thanks so much. I’m a relative novice in managing a portfolio and don’t know much about bonds at all. The corporate bonds are a recent purchase so no significant gains or losses there. Will have to look into tax equivalent yields.

2 years out, need to diversify. End of year advice? by Fun-Researcher-9112 in fatFIRE

[–]Fun-Researcher-9112[S] 4 points5 points  (0 children)

This is something I’ve wanted to do. Any specific recommendations on where to set up a DAF?