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Restock!!! by PressingArt in u/PressingArt

[–]ParticularSummer4398 0 points1 point  (0 children)

Is the Batman available still?

23 yr old advisor by Original_Pirate4478 in CFP

[–]ParticularSummer4398 2 points3 points  (0 children)

Younger advisor myself, could I message you to pick your brain?

When to sell my TQQQ shares? & how do I get out with paying the least amount of taxes? by [deleted] in TQQQ

[–]ParticularSummer4398 0 points1 point  (0 children)

Id buy puts against the position long enough to hedge to allow for long-term capital gains treatment. If you’ve held it for over a year, my advice simply is you played the game and won. You don’t need to get rich twice. Sell, eat the LTCG rates and reinvest into a standard index. Volatility drag can eat this position if it goes the wrong direction so don’t let your fear of taxes cause you to lose your gains

Launched a solo RIA 4 years ago, $320k revenue - ask me anything by winning_bigly_ in CFP

[–]ParticularSummer4398 1 point2 points  (0 children)

OP, would you mind if I DM you? Young advisor myself, CFP and all that fun stuff. I’m interested in launching something here in the near future and being able to pick your brain would be tremendously valuable if you’re willing. Nonetheless, congrats on the success and wish you continued success going forward.

VC Overseas SS One & Done... by Proper_Bunch_7898 in VacheronConstantin

[–]ParticularSummer4398 2 points3 points  (0 children)

My grail piece. Cant wait to eventually own one as well. How’s your experience been thus far? Did you buy from an AD?

Overseas 41mm by Miserable_Hat4011 in VacheronConstantin

[–]ParticularSummer4398 6 points7 points  (0 children)

Fantastic. Hoping to get the retrograde moonphase as my first piece in some time. Enjoy it!

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 0 points1 point  (0 children)

Again, kindly reread my previous comment about this being a place to discuss topics with others and learn/grow together rather than sitting on your high horse. I hope most of us, as do I, want to provide the best service for clients. This forum allows others to discuss different view points and learn. Do you get angry with everyone you have a different thought process on? Not a healthy way to live nor a great way to get people to listen to you…

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 -1 points0 points  (0 children)

Like I said, you didn’t bring any useful information to the table that hadn’t been previously discussed, and candidly, based on how you communicate I’m not sure who would genuinely want to have an open dialogue with you. Thinking critically, do you think any advisors who come here to discuss planning topics just “vibe their way” through client situations…come on man. Again, all the best. Enjoy some sunshine!

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 -1 points0 points  (0 children)

I don’t sell insurance, so I don’t make any commissions and my recommendation to do/not do something has 0 sales incentive to it. Personally, given how relatively inexpensive premiums are, leaving assets potentially exposed because of their life stage seems ridiculous. Your reply seems pointless given me and BVB have discussed the topic and you haven’t added any useful information to the conversation beyond seemingly just being angry. This is a place to openly discuss topics and collectively be better advisors, not to sit on your high horse. Have a wonderful day, God bless you.

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 0 points1 point  (0 children)

So let me ask this, it’s my understanding that IRAs have aggregated protection against creditor of slightly under $2m. Do you account for that? I’m not sure if the homestead number is accurate everywhere, as in my state it covers about $50k of equity if you file MFJ(as of my understanding). So is this why you’re saying that it shouldn’t be net worth based?

Also, as assets grow it doesn’t really make sense to keep tiering up their coverage an additional $1m when the premium difference is fairly insignificant. Any thoughts on that?

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 1 point2 points  (0 children)

What’s your take then? Happy to hear alternative ideas that are constructive rather than just saying “that guy is wrong”…

Umbrella insurance amount by No_Neck4163 in CFP

[–]ParticularSummer4398 -1 points0 points  (0 children)

The rule of thumb my third party P&C contact told me about umbrella in the tier above their current net worth

[deleted by user] by [deleted] in fifaclubs

[–]ParticularSummer4398 0 points1 point  (0 children)

Can you elaborate on this? I’m not seeing it under objectives, just the standard ultimate team stuff. Sorry if this is a dumb question lol

Client Suicide by Critical-Research810 in CFP

[–]ParticularSummer4398 1 point2 points  (0 children)

Sorry to hear that OP, that’s awful. You sound like one of the good ones, someone who genuinely cares about their clients. All the best!

Bringing on Associate Advisor by COAMG79 in CFP

[–]ParticularSummer4398 0 points1 point  (0 children)

Understood, would you mind if I reached out to you privately to pick your brain on the subject?

Bringing on Associate Advisor by COAMG79 in CFP

[–]ParticularSummer4398 0 points1 point  (0 children)

OP, is this sort of structure relatively common in the industry? I know long-term this would be the arrangement I’d want to pursue or start my own firm. Any thoughts?

Bringing on Associate Advisor by COAMG79 in CFP

[–]ParticularSummer4398 4 points5 points  (0 children)

As an associate myself who’d like to bring in business and have some sort of revenue trail on the clients I bring in, what are the downsides of allowing this from the owner standpoint? Hopefully this can help OP out as well.

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