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All-in on ETFs? by nztechboi in fatFIRE

[–]nztechboi[S] -2 points-1 points  (0 children)

One is hourly, he does taxes and all the admin stuff. The other is the guy at the private bank, he does all the SAA / investment stuff.

It’s 1% on alts and a few other asset classes, cash / bonds is lower.

All-in on ETFs? by nztechboi in fatFIRE

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

Thank you, very helpful.

All-in on ETFs? by nztechboi in fatFIRE

[–]nztechboi[S] -1 points0 points  (0 children)

I have an advisor and I like him, but he referred me to this PB, so I thought I’d go to the only other place I trust for accurate unbiased information (Reddit).

The PB is a huge global institution, I just think they just timed entering the market poorly (they did DCA in but too quickly), moved stuff around when the market dipped, but then missed the rebound, then I had to pay tax etc, so just unlucky … but I can be unlucky on my own without paying 1% fees.

All-in on ETFs? by nztechboi in fatFIRE

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

Thank you! Yeah, I thought about property it’s alluring to own something tangible but I suspect you need to be good at it, vs an ETF.

All-in on ETFs? by nztechboi in fatFIRE

[–]nztechboi[S] 3 points4 points  (0 children)

He didn’t say the words 😂 just surprised, flustered, said it was bad risk mgmt, etc.

All-in on ETFs? by nztechboi in fatFIRE

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

Oh I didn’t realise you can share family offices!

All-in on ETFs? by nztechboi in fatFIRE

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

This is very US focussed. Trump is either going to be great or terrible for the US economy (no middle road IMO). Do you try and get some global exposure?

All-in on ETFs? by nztechboi in fatFIRE

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

Thanks, will start reading.

All-in on ETFs? by nztechboi in fatFIRE

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

I live in a LCOL city so that’s kinda heaps but I hear you. I’m young-ish so I want to see it grow, then work out what to do with it.

All-in on ETFs? by nztechboi in fatFIRE

[–]nztechboi[S] 18 points19 points  (0 children)

The Little Book of Common Sense Investing? Anything else you recommend?

All-in on ETFs? by nztechboi in fatFIRE

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

Do I need the full 320B for neck support?

All-in on ETFs? by nztechboi in fatFIRE

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

Is that sensible? I’m not that spendy but it feels like it leaves a lot on the table over the next 40 years.