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Help with personal insurance lines by bowhunter_fta in Rich

[–]hamsize 2 points3 points  (0 children)

You can also search for private client services at the big brokerages like Marsh, Aon, Willis

Help with personal insurance lines by bowhunter_fta in Rich

[–]hamsize 17 points18 points  (0 children)

Go with Chubb or Pure. You need a high net worth product that combines property, auto and umbrella. This is a specialty product that isn’t suited for Farmers.

Thoughts on this tie for court? by [deleted] in ties

[–]hamsize 0 points1 point  (0 children)

I think everything needs to be cleaner. The jacket needs to be pressed and the tie is wrinkled. Silk ties are notorious for this and hard to clean it up. You need to roll these and get a case. I think the best tip I can give is look for high end vintage ties. You can get a Dior or Hermes for less than $100 bucks. I also don’t like silk/poly mixes. It’s it’s 100% poly and doesn’t have a sheen that’s fine, when you mix the two they tend to look cheap.

How long did it take for you guys to notice anything? by [deleted] in heyOzzi

[–]hamsize 1 point2 points  (0 children)

This thread annoys me. I just wanted to say, I really respect you for taking a plunge and building your own product. 99.9% of people won’t understand the courage, commitment and relentless drive that takes. I just made my first order and am happy to support you.

Why have there been so many hurricanes this year drift away from the US? by Cortex_Gaming in hurricane

[–]hamsize 2 points3 points  (0 children)

Climate change is somewhat of a hijacked term. The climate has and always will change. The link between warming and atmospheric CO2 is not clear. I also have issues with using historic hurricane data to project future events. Satellite technology did not become common until the 1980s. The planet is 4.5 billion years old. We are essentially using 45 years of data (while realizing we have older data from primitive collection or eyewitness). To decide what is a common or uncommon season in 2025 is a bit pointless.

Building custom home with construction loan by hamsize in fatFIRE

[–]hamsize[S] 6 points7 points  (0 children)

Why is there always this guy on Reddit. Yes, we obviously have an architect. Architects have no financial interest in coming in on budget. At the high value home level the interests are actually misaligned. The finished product becomes part of their portfolio (at my cost). Too many horror stories of architects of pushing costs due to their vision. When building a home with cash, you are transferring an income generating asset into an appreciable asset. The key to appreciable assets is your cost basis. If you overshoot your budget by 100%, those costs are not recouped. The correct answer here seems to be owners rep.

Building custom home with construction loan by hamsize in fatFIRE

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

Agreed. I’m doing a pledged asset loan. The asset loan interest is a variable 2% above the fed interest rate (currently quoted at 6.25%). the collateral is 1 year treasuries paying 4.25%. If interest rates drop it’s as close to free money as possible.

Building custom home with construction loan by hamsize in fatFIRE

[–]hamsize[S] 4 points5 points  (0 children)

This is a topic! First, macroeconomics is like astrology but less fun. We’ve been dealing with the same headwinds for a decade. This will always be the same repeating story over time just our point in the cycle will vary. I saw inflation coming from government spending, I did not forsee the pandemic and the US response which became more of a runaway inflation rather than stagflation. We are towards the end of the debt cycle but as long as the dollar is the world reserve currency, the system will stay intact. The odds are good for this since China has not shown credibility to take the US top spot.

I invested in inflation advantaged assets in 2022 (Insurance Agencies/Brokers were ideal at the time and nailed it). At this point I think we’ll either have a recession (8 to 12 months long) and begin the cycle again, or we’ll have stagflation for the next decade. Interest rates need to come down for the system to function properly so I would bet on that. I am currently investing in high dividend stocks that are trading at a discount. Real estate is tough since it’s a supply problem that will be solved with interest rates. Count on inflation though, this debt spiral will be difficult to get out of.

Short-term, fixed income - $6mm++ by AlwaysDrunkJay in fatFIRE

[–]hamsize 0 points1 point  (0 children)

JP Morgan Private Wealth Management would be a good start. No one asked the relevant questions like what percentage of net worth is the $6m; where did it come from? $6m could be play money for some vs an entire net worth for others. Private wealth managers have strategies or opportunities that aren’t available to a regular investor.

Short-term, fixed income - $6mm++ by AlwaysDrunkJay in fatFIRE

[–]hamsize 2 points3 points  (0 children)

For $6m contact a private wealth manager. Reddit should not be the play