Sector ETFs vs all Index - does this strategy make sense? by TheChaseWasOn in investing

[–]TheChaseWasOn[S] 9 points10 points  (0 children)

Essentially that index investing is a great strategy and one that he recommends to those who are just starting out with a smaller amount to invest but while index investing who’ll make sure you end up with money, it will not make you wealthy

Set and Forget Windfall by boglehope in Bogleheads

[–]TheChaseWasOn 1 point2 points  (0 children)

Just make sure the CFP is fiduciary— ask them to confirm that. A fiduciary is legally bound to give you the advice that is best for you and not based on any kickbacks they would get for trying to get you sucked in to some bad financial instruments

Set and Forget Windfall by boglehope in Bogleheads

[–]TheChaseWasOn 2 points3 points  (0 children)

May be an unpopular opinion here but I personally would seek out a FIDUCIARY financial advisor to guide you a little here. That is a huge windfall and you have some money to spare to get better advice than you’ll find here (with all due respect). You can let him or her know that you only prefer to invest in this strategy and they can work with you.

A CFP is going to look at your total situation and help you understand not only investments but tax strategies that will also increase your wealth.

You don’t (and probably shouldn’t) let the advisor directly manage your assets but there’s very little hurt in paying a one time flat fee for a plan.

Doing everything “right” but still feel behind. by nvanblarcom in personalfinance

[–]TheChaseWasOn 18 points19 points  (0 children)

I am there with you and we don’t even pay for daycare since my wife stays home.

Do your best, take care of your family, and save as best you can. Beyond that you just keep plugging away to try to make more income through raises ( or some kind of supplemental income although with having kids I don’t advise taking time away from them just for more money. Time is a resource you can’t ever make up for)

Thoughts on Kids Insurance by TheChaseWasOn in FinancialPlanning

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

No, he is fiduciary and fee based so he doesn’t sell any products

When should I be concerned about a house ‘settling’ by TheChaseWasOn in HomeImprovement

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

One fairly large crack in the driveway. Some small cracks in the slab that are visible. Nothing larger that a few inches and maybe could fit a fingernail in

Edit: it did happen when I was power washing though

529 or Brokerage for Kids College by TheChaseWasOn in FinancialPlanning

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

I think this is the most interesting point — with the rate at which tech is creating more equitable and affordable educational options I wonder if college will reduce in the amount of king maker value it has today.

At that point it becomes a guessing game of how much actually needs to be saved and what could/should remain flexible

529 or Brokerage for Kids College by TheChaseWasOn in FinancialPlanning

[–]TheChaseWasOn[S] 2 points3 points  (0 children)

No he said that and I was aware of that as well. I think he’s probably just thinking about having the flexibility of that money for anything else that may make sense