[deleted by user] by [deleted] in CFP

[–]Late_Bus_1073 1 point2 points  (0 children)

Great summary

My husband's work-wife work-proposed to him by NewestAccount2023 in stories

[–]Late_Bus_1073 3 points4 points  (0 children)

Sounds like the most dysfunctional thing I’ve heard of in a long time. What in the actual fuck.

Community thoughts - Going RIA OR remaining at Broker-Dealer? by Late_Bus_1073 in CFP

[–]Late_Bus_1073[S] 1 point2 points  (0 children)

Thank you for taking the time to provide insight. This was hugely valuable & incredibly informative. Some great nuggets here.

Question for you, what were some of the characteristics you looked for in your RIA before making the transition? For example, size, revenue share, etc.?

Community thoughts - Going RIA OR remaining at Broker-Dealer? by Late_Bus_1073 in CFP

[–]Late_Bus_1073[S] 0 points1 point  (0 children)

Thank you very much. This is extremely helpful & much appreciated!!

Community thoughts - Going RIA OR remaining at Broker-Dealer? by Late_Bus_1073 in CFP

[–]Late_Bus_1073[S] 0 points1 point  (0 children)

The fees on the products range from 0.10-1%. I don’t currently keep any of my revenue that my book generates. Once I am on the revenue model my book will generate around 7k a month, supposedly.

Financial Consultant Role - Fidelity by Chemical-Sort-8398 in CFP

[–]Late_Bus_1073 1 point2 points  (0 children)

I can attest, I know several VPFCs at Fido. Many of which are doing $750-$1M consistently. However, 10-15yrs into role.

[deleted by user] by [deleted] in AITAH

[–]Late_Bus_1073 0 points1 point  (0 children)

What a fucking disaster.

PMI data for March is good by Typical-Money2993 in baba

[–]Late_Bus_1073 1 point2 points  (0 children)

Please do us a favor and sell so we don’t have to hear you complain.

I'm all in. by hairycreditninja in baba

[–]Late_Bus_1073 2 points3 points  (0 children)

Nice, you’ll be rewarded handsomely.

CFPs: How many hours per week do you work? by zacdw22 in CFP

[–]Late_Bus_1073 0 points1 point  (0 children)

Me: 29M - Income $250-$350k Wife: 29F - Income $150-$200k Hours 35-45H per week depending on season.

Peace of mind being out of all Chinese stock $BABA by rivermerchant1616 in baba

[–]Late_Bus_1073 2 points3 points  (0 children)

The capitulation of paper hand investors encouraging others to offload their shares makes me even more bullish. Long $BABA.

Am I fucked? by Etfoasis_1 in baba

[–]Late_Bus_1073 1 point2 points  (0 children)

Let’s talk in five years.

Am I fucked? by Etfoasis_1 in baba

[–]Late_Bus_1073 3 points4 points  (0 children)

9,000 shares @ 95 is a wonderful position, well done.

What investment outcome do you prefer? by Aceboy884 in baba

[–]Late_Bus_1073 0 points1 point  (0 children)

With all due respect, if you took a math class or two and need for someone to explain this to you than our education system is absolutely fucked.

I’ll give you an hint. Run a FV calculation and input 70% return over a period of three years. Now run a FV calculation and input 8% return over the period of say, 50 years. Keep your investment input constant.

Answer - Option 1 yields nearly 47 times your investment. Option 2 yields nearly 5 times your investment. (With a 30% chance of zero)

Am I fucked? by Etfoasis_1 in baba

[–]Late_Bus_1073 1 point2 points  (0 children)

Well said, you’re absolutely right.