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things that are making you happy

Discussion in 'General Chat' started by globetrotter, Feb 14, 2008.

  1. L'Incandescent

    L'Incandescent Senior member

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    Some of my best clients come from the forum, but I do not manage anyone's money.
     


  2. A Canuker

    A Canuker Senior member

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    I work in that field up here and fee based does not assure you a better level of service as compared to a commisioned based person. IMO it is much more important to see what the plan is that the advisor is going to instruct for you and your situation. Do they have a record of doing what it is they propose or does it appear to be more by the seat of thier pants. Are there review dates, how often and what/why will go on for these? What is thier buy and much more important sell rational?

    We run a mixed fee and commisioned based system for our clients. Be watchful of a 100% fee based system vs commisioned when it involves bond/fixed income holdings, fee based is fine as long as it is reasonable and you are not being crushed with the current intrest rates we are facing.

    Does the person actually buy bonds or is it just a stock market game? Bonds are important and there will be a time where you will want/wish you had them.

    I only know about the Canadian investment systems so I can only speak to those but the above thoughts should translate to every spot on the globe to some degree.

    Feel free to send me a PM or post here and I would be happy to help to expand what it is you should/might want to look for and what to avoid. Clearly these are all just my thoughts and reality could be a different beast.
     
    Last edited: Jan 18, 2013


  3. in stitches

    in stitches Kung Joo Moderator

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    :smarmy: ?
     


  4. foodguy

    foodguy Senior member

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    did not intend to give offense, or to besmirch commission. my comment was more a reflection of my own suspicious nature. though, if you are of a similar nature, y ou might want to consider that factor.
     


  5. A Canuker

    A Canuker Senior member

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    No offense taken, far from the case. I just wanted to point out that it is by far more important to know that the person whom you are dealing with has a plan that can be put into action. The buisness has moved more into a fee based design because the revenue is easier to predict, can be higher than commision and allows a person more time to pursue clients/buisness/golfing/jerking off but it has little to do with enhancing the client in most cases. There are situations where a fee structure does make sense vs commision like if there are minimum commisions and your advisor wants to run a broader based portfolio than the dollars invested can allow when you factor in the historical turn over that the portfolio has or if the client has little intrest in answering my phone calls and just wants stuff handled, there it works great.

    Fee based is sold as a alingment of intrests such that the person who manages your money only gets a enhanced reward when your dollars rise but this might not be the case. I'd be watchfull of a sales tactic where the advisor is "managing the managers", this is just a glorified mutual fund and has little positive effect on long term returns from what I have seen.

    Again, just my thoughts. It took me a long time to see the benifits of fee based for the client but I have long believed in client first and myself second. It can be good when used correctly but it can have greater downside if used for personal gain.
     
    Last edited: Jan 18, 2013


  6. foodguy

    foodguy Senior member

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    ms fg and i are the ultimate in passive investors. buy and hold all the way. more from laziness than anything else. but we did have several investment accounts, a couple 401ks, pension funds, etc., that we wanted to rationalize (and then forget about). it's worked great for us ... we meet with her a couple times a year, she tells us how we're doing, gives us some things to think about for the next six months (someof which we actually act on). then she sends us a bill.
     


  7. acidboy

    acidboy Senior member

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    oh, that's me. I can send you my profile, jgold. but since relationships like this is built on trust, and there are so many opportunities that you're going to miss while waiting for my documents, you can wire your money over to me and I will hit the ground running deciding on what color benz s-series villa in the italian countryside to lease savile row tailor custom titanium bike aman resort financial instrument to suit your investment and goals.
     
    Last edited: Jan 18, 2013


  8. LawrenceMD

    LawrenceMD Senior member

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    [VIDEO][/VIDEO]
     


  9. Neo_Version 7

    Neo_Version 7 Senior member

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    Hate how his girlfriend just smirks after he brought all of the groceries in one trip. Lazy hag didn't even bother to help him out.
     
    Last edited: Jan 18, 2013


  10. Piobaire

    Piobaire Not left of center?

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    So we know lunch was dairy...
     


  11. Piobaire

    Piobaire Not left of center?

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    http://trailerpark.wikia.com/wiki/Freedom_35
     


  12. L'Incandescent

    L'Incandescent Senior member

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    I am reading Sartre's Les Mains Sales (a play). When I take a break and come to SF, I read the posts in the overly-earnest, didactic tones of Sartre's characters. (Not on purpose, that's just the groove I'm in, you know?) The result is entertaining, especially with Neo's posts.
     


  13. Liam O

    Liam O Senior member

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    Reading your posts always makes me laugh dude. Never change.
     


  14. Lady Canuker

    Lady Canuker Senior member

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    Made tacos tonight topped with caramelized onions, fresh Roma tomatoes, baby spinach and sour cream yummy
     


  15. L'Incandescent

    L'Incandescent Senior member

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    Were the shells made of bacon?
     


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