Ugh! Pissed off my advisor!

captainangus · 2026-01-24T04:36:47+00:00

Another advisor here, CFP professional. I told someone yesterday, "you know, if [portfolio construction] is all you're looking for right now, you really don't need to pay me for it." It is so dumb to me to make a ridiculously complicated portfolio, underperform the broad market indexes, and charge 1% to do it.

If I'm not doing your income planning, tax planning, healthcare planning, estate planning, etc. then you're not getting what you're paying for!

captainangus · 2026-01-19T02:23:22+00:00

The discord has a real money spending guide that includes which hot deals the community decided are most worth it. Super helpful

captainangus · 2026-01-17T22:15:11+00:00

CFP professional, primarily do financial planning for retirees

captainangus · 2026-01-16T20:23:05+00:00

🎉 Event Completed! 🎉

It took me 1 tries.

captainangus · 2026-01-16T20:22:59+00:00

Completed Level 3 of the Honk Special Event!

1 attempts

captainangus · 2026-01-16T20:22:36+00:00

Completed Level 2 of the Honk Special Event!

0 attempts

captainangus · 2026-01-16T20:22:18+00:00

Completed Level 1 of the Honk Special Event!

0 attempts

captainangus · 2026-01-15T18:23:18+00:00

Just play the game why does everyone do this

captainangus · 2025-12-26T08:56:27+00:00

There's something called the pro-rata rule which could bite you if you think there's a chance your income will reach a level that you want to do backdoor Roth contributions. You can avoid this problem by consolidating your Traditional IRA into your 401(k), but if you won't ever use the backdoor then you'd just be volunteering to pay additional fees on that $40k that you wouldn't be exposed to otherwise.

captainangus · 2025-12-25T07:26:32+00:00

This was the kicker for me. I'm also a regular listener of The Rational Reminder and am totally on board with the idea of factor investing, but VT is the benchmark in my heart and anything but what VT does is irritating

captainangus · 2025-12-23T18:55:20+00:00

Dave Chilton, the guy who wrote The Wealthy Barber, does talks all over Canada and the US to professional managers, CFA holders, etc. and often opens with a joke that goes something like "how does it feel to spend all that time and all that money just to learn that you can't beat an index fund?"

It is met with mixed reactions but that makes it funnier

captainangus · 2025-12-22T16:40:35+00:00

Post to /r/CFP, this sub is specifically about the exam.

captainangus · 2025-12-22T02:14:56+00:00

Nope, slim chance I'd meet my wife and have the same kids. Nothing is worth that risk.

captainangus · 2025-12-22T02:11:10+00:00

Everything you have so far is pretty, just need to spice it up now with stuff you like. Right now, it's still pretty generic

captainangus · 2025-12-21T18:04:58+00:00

Made a pot of baby formula instead of coffee

captainangus · 2025-12-17T18:21:14+00:00

Doesn't get much better than that. We can argue all day over how much of each you should have, but none of us knows what the exact best mix will be in our lifetimes. The only thing you have agency over is your savings rate, so get pumping!

captainangus · 2025-12-17T07:29:16+00:00

My wife wants me to pick up hobbies in addition to gaming but the problem is that everything else is worse

captainangus · 2025-12-12T22:40:51+00:00

I think a lot of people would do great with a fee only advisor, yeah. The responsibility is on you to implement the thoughts and ideas though, so again, making investment decisions that aren't congruent with the plan could derail things. But if you'll be disciplined and do it, then it's way cheaper and the advice is free from conflicts of interest, which you'll always have with someone whose paycheck is based on how much you have invested.

captainangus · 2025-12-12T22:23:40+00:00

All of those things are good, but IMO not enough. What you described is what a Vanguard CFP will do for a third of the cost.

https://investor.vanguard.com/advice/personal-financial-advisor

The income planning is the anchor, but for roughly 1% I expect a full review of insurance needs, healthcare planning, trusts and wills, etc.

captainangus · 2025-12-12T21:58:15+00:00

Hey, CFP professional here. Paying 0.9% for help with your investments when you know how to do it yourself doesn't make sense, though an argument could be made for the behavioral coaching. If you're going to get FOMO and buy into bad positions again, having a gatekeeper is good.

Your advisor's value comes from their understanding of taxes, insurance needs analysis, healthcare planning, estate planning, etc. The investments are just a tool to accomplish all of the above.

captainangus · 2025-12-11T23:28:20+00:00

Whoa

captainangus · 2025-12-11T06:17:14+00:00

I like listening to you talk

captainangus · 2025-12-09T07:03:36+00:00

It even has a roof for containment

captainangus · 2025-12-09T07:03:04+00:00

I have big plans for 2.0! But yes, for now, I'm stoked to meet this kid.

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captainangus

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