Stocks and Trading Thread - Channeling your inner Mono

[DGuller]

Are there any banks around that have financial advisors that actually help you with bullshit you can't possibly know, rather than try to sell you on shit so that they get to skim the fees?  Or is my experience pretty much par for the course?

[garbon]

UBS

[Admiral Yi]

IMO anyone who hands their money over to a wealth management guy is tossing 1% of their money out the window.  Every year.

[Admiral Yi]

BTW what is the expense ratio on your target retirement fund?

[DGuller]

BTW what is the expense ratio on your target retirement fund?

It's 0.50%.

[Admiral Yi]

And what is (are) the question you had for Salesman Dude, pray tell?

[DGuller]

And what is (are) the question you had for Salesman Dude, pray tell?

It started out as a different banking matter, not involving the 401k, or the financial advisor for that matter.  Had I known that active management was the only trick in his bag, and not just the first sales pitch for the suckers, I would've not wasted my time. 

I guess I also expected something like "here's what you're not doing, but you should be thinking about doing", about something I never thought about doing but is probably a good idea.  Given how complicated the world of finance is, and how intolerant I am of learning about the nitty gritty bullshit relating to this, I thought there was some potential of value add on his part.

[alfred russel]

DGuller, the problem is that you want:

a) a guy to not charge you an hourly or flat fee; which basically means a guy gets paid off commission;
b) a passive investment strategy that doesn't give the retail bank advisor space for commissions.

Also smart guy who is educated in finance enough to know about betas isn't going to be working at a local retail bank.

[Ed Anger]

I got butchered in the Nasdaq.

[crazy canuck]

Also smart guy who is educated in finance enough to know about betas isn't going to be working at a local retail bank.

Yeah, I think therein lies the problem.  If you walk into a retail space for advice, expect retail advice.

[crazy canuck]

I got butchered in the Nasdaq.

A sacrifice is needed from time to time.

[Ed Anger]

So hurtful.

[Ed Anger]

MUH SELL LIMIT ORDERS

[Tamas]

I am thinking about putting a tiny amount of gambling money into Bluejay Mining as the idea of Greenland mining intrigues me:
https://www.titanium.gl/

[Tamas]

Well I haven't. Too much like gambling even for me.

Screw Trump though.