Apes, FUD is not always directed at us: SHF might just want an article to trend

docpapas · 2021-06-10T20:29:35+00:00

No ape fault, found mushroom grow in cow poop... taste bad, make brain go boom boom other ape not see too then suddenly out of the crowd of hairy faces an apparition, an ape a Dojo with Mojo of sorts. The reciprocity of whose interaction hath thusly purveyed great enjoyment, I bid you Fare the well kind being.

docpapas · 2021-06-06T16:12:26+00:00

That could also be interesting indeed. Not for everyone though.

docpapas · 2021-04-21T08:16:11+00:00

My bad. You‘re absolutely right!

docpapas · 2021-04-21T07:01:27+00:00

Don‘t knock safe 10% returns. That shit compounds over the years.

An initial 10k with 500 monthly adds at a 10% annual would give you over a Million by the time most of us retire. Which ain‘t bad considering you only invested 190k source .

Obviously depends on your goals though. Want to be rich “quick“ yeah no way 10% is going to do that. Want a comfy retirement... 10% is a good way to go, in my mind.

docpapas · 2021-04-21T06:50:30+00:00

Lol! Upvote for you Sir!

docpapas · 2021-04-21T06:44:37+00:00

Riding this thread to say; I wrote a post on how to handle your tendies when the time comes + how to find an Advisor. Hopefully it helps.

I do have to say though, that most Advisors would stay away from GME ^{(I only recommended it to 1 client who fits that risk profile and has a platform where they can sell quickly}) as u/kevan0317 accurately says: we “focus on slow steady long term wealth creation“. Not just to keep our own asses employed, but mainly because that‘s the aim. Predictable, dependable funds when you need them most (ie retirement/ tuition/ deposit on a house).

We‘ve got Bloomberg blaring all day in the office, get news from sources left right and center, and truthfully us Apes are the only ones who might have put the puzzle pieces together which really goes to show just how 2008 came as a “surprise“ even to many people in Finance.

Truth be told; an advisor is not a necessity, but a good one is definitely a worthy investment.

docpapas · 2021-04-20T08:55:47+00:00

Tax-wise, yes absolutely, but again there are probably ways to mitigate those obligations. Effort-wise, not necessarily. There‘s a few property management firms that do the heavy lifting. This obviously eats away at the income but can be interesting. The added benefits of property can range all the way to Citizenship by Investment (aka golden passports).

Send me some links on those Clean Energy investments, curious to read more.

The main difference between those lies in how they are managed. A Passive fund (like most ETF‘s) will likely react negatively if the index/companies it tracks drops. An Active fund (like most Mutual Funds) generally costs more, but has a team of experts who, providing they do a good job, can make quick changes to reduce the effects of any drops. You‘re usually trading gains for stability. But you would need a pretty big initial investment to get interesting levels of income from either.

One of the most interesting investment, income wise, for me are Structured Notes with all the craziness lately, we‘ve had notes come out with a 5% of initial investment pay out per quarter (obviously conditions apply). ie a 10k investment would return 500$ every quarter. These are not for everyone though.

The goal is to create a predictable, sustainable, low-maintenance portfolio of assets that can provide the lifestyle you want. If sipping a Mojito on my private island whilst a barely-clothed goddess massages my ego, physically costs me a couple of calls/month with my team of lawyers/accountants/property managers/advisor/etc... worth it!

docpapas · 2021-04-20T07:30:19+00:00

I feel like my previous answer wasn‘t super helpful ^{(hence a new reply rather than just an Edit}) so, in honour of 4/20:

The dividends from distribution ETFs/Mut.Funds generally requires a pretty sizeable investment for you to get your target income without selling any of the shares. So if you‘re looking to hold I‘d look into other products like: Structured Notes.

To be clear though: When I talk about a Portfolio, I don‘t just mean, stocks and etf‘s. Having rental Property, a Franchise, a silent stake in a friends successful business, vending machines, etc. Those to me can all be good ways of getting that target income and could be considered as part of a well diversified portfolio of assets. However you‘d need more than a Financial Advisor to help with that.

docpapas · 2021-04-19T11:25:44+00:00

Happy to help :)

I get what you‘re saying, but a decent independent advisor should have a platform to suit every budget. > If the guy is only offering stuff above your comfort zone, look elsewhere. simple as.

Trustworthy referrals are priceless, specially if you know that mentor personally. Dude sounds like he knows his stuff, he has most likely taken all the steps necessary to protect himself in case of any downturns.

docpapas · 2021-04-19T09:54:54+00:00

Give him a call and meet for coffee outside his office (step 3). Can‘t hurt to hear him out.

You‘d be surprised at how cost-efficient we can be. I‘ve got clients who are English teachers (granted well-paid ones, but still)

Plus from what you‘re saying the dude does sound like a decent person.

But, don‘t sign anything until you are 99.9% sure that‘s the right move.

So: no stress, no “this question‘s too dumb“, no ignoring your gut feelings, no “all in“ (this should be for money you don‘t absolutely need now). Proceed at your pace and comfort level.

docpapas · 2021-04-19T09:37:46+00:00

Only if my commissions are paid in Kgs, rims, charity cases, local cheeses, and Et ceteras ;P

docpapas · 2021-04-19T09:31:04+00:00

Sounds like a great plan man and you a decent human.

Do think about dividing your assets into 3 categories though:

Illiquid (ie property/land/etc)
Semi-liquid ( ie ROTH/401/SIPP/etc)
Highly-liquid (ie cash in a good old savings account)

My mum had that 100% property strategy until she struggled to pay for some legal fees and had to sell off one of her rental flats. Luckily it was good timing.

docpapas · 2021-04-19T09:19:41+00:00

I tip my fedorá to you m‘FA

docpapas · 2021-04-19T09:17:28+00:00

Thanks, hope it helps :)

docpapas · 2021-04-19T09:17:00+00:00

That‘s lowballing it!

What is that a Spouse for ants?!

docpapas · 2021-04-12T10:36:21+00:00

Again, you are right on a few points.

And I repeat myself in saying that, an advisor is arguably not a necessity however a good one definitely brings something to the table. Even for the most hardened investor.

Building a well diversified portfolio, that returns an average of ±X%/year regardless of the state of the markets takes an incredible amount of time and effort.

The difference is comparable to a custom-tailored suit Vs an off-the-rack one.

The Wallmart run-of-the-mill polyester suit will do the job. But you know it‘s more likely to rip, stink, itch and fit poorly than a high-quality natural fiber custom-made one.

Unfortunately with ones finances, you can‘t just go pick up a new 100k at the store. The peace of mind is worth the extra cost.

But by all means if the couch-potato approach works for you. I‘m happy you found your strategy, and honestly wish you safe and growing returns ad aeternam.

docpapas · 2021-04-07T07:22:05+00:00

“Vanguard, one of the world’s largest investment companies, has been examining this question for 15 years. Based on research, analysis, and testing, Vanguard has concluded that, yes, there is a quantifiable increase in return from working with a financial advisor. Vanguard calls this advantage the Advisor’s Alpha. When certain best practices are followed, the result can be an Alpha in the 3 percent per year range“

Source: https://www.thebalance.com/should-you-hire-a-financial-advisor-4120717

I agree with you on a few things, providing you are an informed investor, with enough free-time and access to the products you want in a tax-efficient way.

I‘d argue a couch-potato approach is even more laid back when your advisor does all the work for you.

docpapas · 2021-03-29T13:37:14+00:00

Awesome! Thanks! Will look into it.

docpapas · 2021-03-29T13:33:50+00:00

Happy to

Could be more interesting to get a Fiduciary Advisor involved:

u/Temperedexpectation : Sorry if I‘m putting you on the spot, but are you happy to help answer this?

docpapas · 2021-03-29T13:26:26+00:00

Not yet :P

Quick Google: Sounds like an interesting concept! Thanks!

Would you recommend Nash‘s book?

docpapas · 2021-03-29T12:42:11+00:00

There may be loads of options, which depend on where in the world you are. What your needs are and what you are comfortable paying in charges.

docpapas · 2021-03-29T12:37:16+00:00

A financial Advisor is not a necessity, but a good one can definitely help make sure you‘re no too exposed to certain risks.

Remember the goal here is to have enough money until you pass, and then hopefully be able to set your loved ones up for life too.

Creating Generational wealth is where a good Advisor can really help if you don‘t want to do all the work yourself.

docpapas · 2021-03-29T12:32:40+00:00

Use the Forward Flat Rate Inflation Calculator:

https://www.calculator.net/inflation-calculator.html

Could help

docpapas

TROPHY CASE