FA

StockBrokenUSA

1% is industry standard. Whether you contribute into it or not, doesn’t matter. Your overall balance sheet is indifferent to what account you contribute to so long as you are making contributions nonetheless. And you spelled it out pretty well. If you’re not savvy in this stuff, you need to shop around for an FA that you like and are comfortable visiting with. Some element of “being easy to understand” is also pretty necessary.  Back to the question:  The fee itself is not the issue.  The issue is you don’t feel comfortable enough with that person to warrant the 1% fee, so you’ll not see the value.  Go shopping for your advisor. You’ll have greater peace of mind when you find the right one. 

PaperHandsTheDip

Fundamentals don't mean shit for a stock. If you're pricing it based off FA or TA you're using boomer metrics and gonna lose. They don't work. Don't use them to price things - you'll get rekt

snickerscashew

That's so strange.. click “No, it wasn’t me” to alert Google when you get those notifs...maybe add another 2FA like Google authenticator app

snickerscashew

You have 2FA?

-lazaros-

Honestly, I’m the same as you. What helped me was getting a financial advisor. Probably not the highest return possible, but she gives me the push I’d never manage on my own. Sure, some people will say you can do better without one, and they’re probably right, if you’re not constantly overthinking every move like I do. The other thing is to take it slow. After the fact, there’s always a “logical” reason why the market dumped or rallied, but you can’t predict it ahead of time (e.g., rate cut happens: market goes up, because it's good news for stocks. Or market goes down, because it was already priced in and people sold the news). So I’d say give it a try, don't check every day, and keep some cash aside: that way you’re not panicking if the market tanks. And if it tanks...well, buy the dip and don't look for the bottom. That's how I missed opportunity (for example, when my FA was telling me to go all in after liberation day and I told her she was crazy 🤣)

Appropriate-Bee-6792

Get an advisor - 1.5% to Help you not make Mistakes from a professional is better than asking Reddit. Albeit there is value from both and negatives from both. The first 100k is always the hardest - you just don’t want to f it up on a few bad trades - buy the highs and own it all the way down. But if you don’t shoot the Puck your poor and FA don’t keep jobs by recommending high upside trades that are high risk. The only way to financial freedom is to be right and have some luck. You have to trust your instincts and let go of regrets

therealjerseytom

You'll find that this subreddit is very much anti-FA in general, since the whole premise is DIY investing, so keep that in mind. Opinions will be biased here. You have to ask yourself how hands-on or hands-off you want to be, and what that 1% is getting you. 1% adds up over time. If you are starting with $80k, the difference between a 9% annual return and a 10% annual return over the next 30 years would be $1 million versus $1.4 million. That ain't nothin'! For that reason, a lot of people are (understandably) very much against advisory fees, heeding the advice of the famous Jack Bogle, founder of Vanguard. In fairness though, a lot of people don't know what they don't know, and can make investment choices that either (a) leave way more than 1% of growth on the table, or (b) are over-risked/under-diversified, especially near retirement when they need the money. I've seen examples of both firsthand, and I think the one benefit of managed accounts is getting the risk tolerance right, as well as avoiding fuck-ups like how many people panicked and sold at the bottom this past April, only to watch the market then climb afterwards, to where we are now. Personally I'd suggest try managing this account yourself for the time being and see how it goes. The nice thing about IRA's is that you can buy and sell or change your mind / adjust your strategy without any taxable events.

Commercial_Seat_3704

Mohela using 2FA like someone else is gonna log in and pay my student loans for me lol

PaperHandsTheDip

I can't comment on what you should do. That's giving FA - which I don't do. \> I get you call it a meme.  It's the only company in existence that moons 40% AH on news that a CEO was appointed... which we knew was coming. What else is that? \> Curious if the announcement changed your opinion or potential of rate cut Nope. This company has never made money, even in a 0 interest environment. You can check it's income here: [https://www.macrotrends.net/stocks/charts/OPEN/opendoor-technologies/operating-income](https://www.macrotrends.net/stocks/charts/OPEN/opendoor-technologies/operating-income) Dropping rates won't make this one profitable... it's bleeding money and it will still bleed money. Just bleed slightly less money.

Additional_End5830

It might be that our friend uses a different cellphone or SIM card abroad so can't get the 2FA code on the phone, a problem I have had before.

Whobitmyname

You might not need a VPN for trading since brokers use 2FA, but it’s useful for security while abroad. [surfshark](https://watchinamerica.com/surfshark-vpn-best-offer/) and [express](https://watchinamerica.com/express-vpn-first/) are both fast and reliable options imo.

Vinyl-addict

Ehhh I’ll stick with TA and pretty lines but no math. My econ friend can do the FA for me, I just like pretty candles and flags.

contangoz

more are moving to advanced 2FA - im ok with ibkr, but it can be tricky logging in unless you know the settings well. i rather be safe than sorry

BeOptimistic1

Any legitimate broker is going to require biometrics, 2FA, etc. I've read many recent horror stories of what happens when a broker doesn't force and/or implement on every account. TastyTrade, for example, only recently offered 2FA for logging into the desktop/website app. Previously they just implemented it for bank withdrawals. The result? A few customers were hacked and several large high-risk trades were made to basically deplete the account balance. Apparently TastyTrade doesn't offer a security guarantee like Schwab, IBKR, etc., so the customers were basically out of luck.

TheBarnacle63

That is name of the account. I suggest reaching out to an FA

PaleInTexas

This is why I get my FA here

Dantheman11117

Thank you. Good point, I'll set some time with him. He's and FA too so I want to have a solid strategy before we talk so I'm not just asking for "free" advice.

_Spektor_

I called customer support and answered a few security questions. At first I was calling just to change the phone number to my mom's so that she could receive the 2FA texts and forward them, but the CS guy helped me get connected to a 2FA app while we were at it.

BHN1618

How did you solve the 2FA?

PaperHandsTheDip

No shit. Sentiment causes people to buy or sell, and the only thing that actually moves the price is when people buy or sell. Someone can do hours and hours of due diligence. "This one is a winner!" as they click the buy button. They traded because "this one is a winner" / sentiment... they didn't trade because of their FA. Sentiment is busted

wittyname01

Ask AI (and use the deep thinking option) about SPY, VOO and other reliable/ conservative approaches. Ask AI to assist you as a financial advisor and to ask you questions about what youre looking to accomplish so it can better taylor a custom approach. If you do ask AI always make sure to ask more than one (Maybe chatGPT and Google Gemeni, and/or Grok 3) AND THEN double check their answers with diligent research. You can gain a lot of the traditional wisdom or strategies that would be offered by an FA with this process but you absolutely have to triple check AI answer and cross reference its answers with answers from other AI (ALWAYS using the same prompt with each) THEN, cross reference with your own thorough research on the information it presents you with. Then, if you can, take your final results and run it by an actual expert, even if informally. Don't do any of this if you arnt confident in your ability to be discerning, thorough and exhaustive in your attempts to properly Vet the information given.

Individual-Actuary80

I mean why not borrow on margin & not use ur own money if ur certain. (not FA)

GodMyShield777


AllCapNoBrake

At least somebody has been taking my FA.

rbraalih

🌮 FA 🌮 FO Cause effect. Fries bag.

_Spektor_

No VPN, but I use my parents' mailing address. The one hassle I had was getting 2FA set up on my new phone since they don't work with international numbers, but once I got that configured it's been smooth.

warm_fork

*Severe* FA, i demand compensation

PaperHandsTheDip

This is FA!

PaperHandsTheDip

I buy them ATM / slightly OTM. I only buy them on things that have already experienced massive downswings and I believe the market has overreacted to - basically making a bet "this will recover". It creates a bit of a safety buffer re: downside risks based off plain old boring FA. Floors are not absolute / guaranteed. There are a few different tools I use to evaluate them. For example - NVO is currently something I am long (Novo Nordisk). They make 50% of the worlds insulin and they invented ozempic. Look at the 1 year chart - it's down 61% right now. When I bought it was down \~66%. Now zoom out to the 5 year chart - it seemed very stable \~55 for a long time. This was pre GLP hype. This is the floor as that is where the market was valuing it \*before any GLP hype took over\* (which caused the massive surge). I bought below that under the assumption that "we are below the floor, downside risk is minimal here". From a FA POV - company is solid / fine. Products are in demand. From a growth perspective - it's growing like crazy... but not quite as quick as some people would have liked (due to competition from people like LLY). That's ok tho - LLY is \~2-3x more expensive. Market has actually mostly priced NVO completely out of the GLP race despite the fact they're going to be first to market with an oral weight loss pill (which is also \~25% more effective than lillys in clinical trials). IE: There are potential upsides / catalysts that could make it go back up. Will it? Dunno - it's a bet. I manage risk via sizing bets & placing ATM bets around floors.

Consistent_Panda5891

Main use case of quantum computer literally is crack stuff is not protected by 2FA or built in mechanism(max retry times...). We are nowhere close to handle a lot of states. I mean people use to say it would break everything but not, most of things are already protected. I would say most valuable target would get BTC from early known accounts. All you need is crack private key, in a decentrelized network which has not any protection. And obviously noone of this companies will be able to make this as it breaks the law. So not, quantum computing pure smoke except you invest it in the right horse which will not be a company rather a group of individuals

rc22cub

He’s complaining about lots of positions because his advisor is underperforming the index and it’s a “nightmare to handle” managing that many positions and researching. He also has concerns about reallocating and paying capital gains. If he sells positions to go into an etf or index fund, he immediately realizes those gains. If he holds the current positions, he’s already upset about the underperformance of his advisor or having to research them himself. The SMA would give him the index exposure without immediately realizing gains while still not having to manage or research the positions. The point isn’t to eliminate gains forever, that’s impossible regardless of his choice if he wants to leave his FA and not worry about researching himself. But he can eliminate a decent chunk of his current unrealized gains AND not force himself to realize gains while getting index returns quickly. It solves most of his problems.

RonaldWRailgun

Same. Now US Citizen, but my parents live abroad and I visit them every year or two, never had a problem other than the usual 2FA request to verify your login from a "suspect" location. I am not sure if they would add limitations past a certain amount of time, but I know that I accessed my accounts while abroad for up to 1 month without issues.

Gunnawunna1111117

CRWV… get ya calls for the run up next week . No lies. Not FA 👀👀👀👀👀🚀🚀🚀🚀🚀🚀

PaperHandsTheDip

Nothing pumps 500-600%+ in a month off no major news changes (great... new ceo. Some guy comes in and its suddenly worth billions more??? Is that new guy really worth not only billions, but a multiple hundred % multiplier???)... There were also pumping bots targeting this (I see the same thing in crypto / meme coins) - which I traded very similarly. Insiders offloaded heavily *below* $1. If insiders are selling, why wouldn't I be selling for 4-5x more off no major news changes??? Also - wallstreet analysts have an average PT of ~$1. I looked at FA, SA & the chart + bot activity... it checked all the boxes for me. I took my own bets + realized profits. Truth be told I'm not 100% sure (nobody knows) but it looked veeeeeery sus to me. Sus <- make bets & make money

naked_space_chimp

Yes, agreed of the security risks with AI browsing, IMO its fairly new & will improve, if its a security vulnerability then it can be fixed. We did not have CAPTCHA & 2FA before as well, right? Look at it this way, there will be always be email SPAM, you got to filter out the crap.

chopsui101

120 million isn’t a lot of money to manage.  110 million is amount AUM that a FA is required to register with the SEC.  Most financial advisors are registered with the sec.  Also the average is around 305 million aum

Cold-Piizza

I’m going brick phone for all of 2026. Pretty excited tbh. Have to get all my stupid 2FA apps in order

chopsui101

I would ask to see his previous performance, as in proof that what he has done. I see more than a few red flags. If hes really done 18% a year since 1998, that would put him in some of the top performing fund managers and why isn't he at some huge investment bank, so without actual hard numbers...I'm taking that as probably not true, especially if he manages money for a wide range of clients, so thats red flag #1. Also you said he was using momentum and quoted you an IRR which isn't term that financial advisors typically use. Generally you see private equity, hedge fund managers or FA who sell insurance products use IRR so red flag 2 for me. third, if hes using momentum, that generally means hes doing a lot of rotating assets....which can generate transaction costs for the customer which might explain why he wanted to quote IRR. That would be red flag 3 for me. Finally, the QQQ has returned on average 11% since 1998. I find it hard to believe that a fund manager using fixed income which has historically low returns in the 2000's, Inflation Hedge, European (which has drastically under preformed).....that combination could almost double the Q's over 25 years unless you were taking concentrated risks and not building diversified portfolios. So that would be red flag 4 for me.

PaperHandsTheDip

sounds like some solid FA to me.

AllCapNoBrake

Grats to those that took my FA, sorry to the buttcoiners losing their money: [Short it every weekend](https://www.reddit.com/r/wallstreetbets/comments/1mxgpfe/comment/nadl6gv/?context=3&utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)

Muklucky

Government literally marching military to the streets of major American cities for no reason, and not a peep from the 2FA crowd. Supreme cucks

Rare_Tomatillo_1183

If we do get a slight pull back, scale in a bit. Definitely not FA

Regular-Signal228

Exactly. FA will fuck it up in your place, instead of you.

Worldly_Designer_724

I’ve genuinely been debating getting a FA despite already knowing how to do all the shit they do So I can’t fuck up again

AllCapNoBrake

Read me out...you clearly did the same thing over and over and over again, which is a bit of a blessing around these parts...so do the opposite and go ALL-IN w/ the other 88%. FA.

RookieMistake101

If you can get the real JPM advisors and real MS advisors, the private wealth division, those guys are solid. Usually that 10m minimum. Otherwise use the boutique firms with big custodians who have a niche. I have a friend who is a CPA by trade but also a FA, he has a really good value add to his clients. My firm works really well in the private market space (think open ai, anduril etc) and with business founders. I have certs for helping people exit their business tax efficiently, for example.

EnZ07boyyy

NFA but here’s FA. If looking for short term profit crypto is dropping from here. Idk how fast or how long yet but a quick drop starting now

BillyBeeGone

>Why do I only hear the first year numbers? Because it's insane they make less than minimum wage to start. >Better raise than 95% of Canadians getting During 2003's bankruptcy they got their wages drastically slashed. That's why even without adjusting for inflation they only make $3 more per hour than the same FA in 2002. If you made $20 an hour and then you suddenly made $11/hr inflation adjusted how would you feel if some guy is whining a 34% raise is unfair? Still below what you once had

fthesemods

Better raise than 95% of Canadians getting. Damn. What's a mid point FA make by the way? Why do I only hear the first year numbers? Weird.

reaper527

> My guy, I'm literally an AC FA. so in otherwords you're not an unbiased party and are pushing propaganda.

TrulyRyan

My guy, I'm literally an AC FA. It's embarassing how confidently wrong you are. There's a reason why AC has been repeatedly saying it would make us the highest COMPENSATED and not highest PAID. The upfront portion is EIGHT percent, FYI.

Novel-Ground-4815

Thing is, these FA’s don’t get paid for delays, only flight time. Air Canada is one of the worst for on-time ops, like 50-60% chance of delay every flight. As a frequent traveller, that number is not an exaggeration. Not only that, they will never compensate customers for their delays, let alone their staff. They do this by refusing to maintain their fleet & then use a loophole to call it a safety event that isn’t in their control to avoid paying the legally required compensation. So, the customers have been getting fucked left, right & center. But these FA’s aren’t getting paid for the shit corporate is pulling. These guys deserve a rusty Air Canada plane up their ass so they can come back down to their senses. These FA’s are lowkey standing up for ALL workers/union rights in Canada. More power to them.

Spiritual-Fox-5139

Webull calls when will we pump? Where’s my FA

AllCapNoBrake

For those that took my FA to 50x short BTC on Saturday, grats. YGMI!

AllCapNoBrake

Glad to see some of you regards take my FA: [https://www.reddit.com/r/wallstreetbets/comments/1mr8jbu/comment/n92x41a/?context=3&utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/wallstreetbets/comments/1mr8jbu/comment/n92x41a/?context=3&utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)

wanderingwheels

Back when I was a financial advisor there were a bunch of Sun Microsystems employees that were borrowing against their stock portfolios to buy houses and other big ticket items. The FA I worked with ended up fielding a lot of teary phone calls after things went south.

VegasWorldwide

I would personally learn markets, companies, financials, etc. that way, you can be your own FA for life. if you are one of those people who have zero interest in that, sure, just buy FXAIX but understand, we are at all time highs.

One_Ambassador2795

Buy BST for exposure to Anduril. Had a FA recommend to me almost a decade ago. Great CEF, with investments in private companies. A little pricey expense ratio though but worth it to me for steady payout, growth and exposure.

PaperHandsTheDip

TLDR: Just buy the fucking dip. Never had any luck with TA. I don't use it. Just fundamental analysis & sentimental analysis. FA tells me if the company is solid / financials are fine / it has a good product / demand / etc. IE: Is it actually maybe worth something. I use sentimental analysis to time my buys / sells. Buy when we are past peak pain and it's moved sideways.

ziggy-tiggy-bagel

But it different this time!! I had clients who I told to diversify and not have 100% in the tech market. Most listened and missed the meltdown. One told me the broker down the street could get him 40% or more a year. He moved his money, took huge losses according to his wife. I never did see him again. In my almost 30 years as a FA, I called the tech bubble and the bottom in 2009. I think the market is wearing rose color glasses.

RampagingDeer

This sounds solid. Thanks for the FA bro!

martinguitars60

This is a risk-on trade market. When the guy at my gym with no financial knowledge, comes up to me and says, “this market is hot I am getting.” Well as a former FA that is time to get out!”

eyeless_atheist

My coworkers father got lucky during this time. He had phantom shares in a company that was an online grocer, he walked away with a couple million dollars. He hired a FA and retired at 39. He became a full time stay at home parent and his wife continued her job as a teacher for the health insurance for the family.

Specialist-Signal516

A group I'm in just posted CGC will have an expected 40% rise. Obvious P&D but could ride the wave. Don't hold long-term or risk their rug pull. Not FA.

chaflamme

Check this out : https://www.coatue.com/east-meets-west Hedge fund analysis on tech stock. Shopify is considered one of the best companies in the world. You are shorting a stock with great fundamentals and huge potential growth. This is not FA, but the right thing to do is going long here m8

Darklingmy

I am taking away a 4k lesson of if the percetage would make my happy to hear from my FA, i should take my winnings and move to the next table.

mountainguy2020

I'm new to gold (just considering it) but wanted to share my reasons and see if the check with anyone else's. I'm considering a small store of gold (2 to 3 oz). Likely two 1 Oz bars, and one wearable bullion (ie simple 1 Oz bangle). Reasons: 1. If my life is hijacked. That's the most likely "financial meltdown" any single person faces. Someone gains access to your account and drains bank. Hacking your email is a good start, because then they can see every account you have linked to it, perform "forgot password" on various sites, and start finding your bank, brokerage, and bitcoin. Especially if you keep a password file somewhere. Even with 2FA there's no guarantee someone won't hack the backend, social engineer you or someone else, or hold you at gunpoint to authenticate/give access (ie, on a small scale, a new trend involves mugging for cash app transfers). Unlikely, yes, but I have a personal worst nightmare of waking up to a $0 balance one day, and that's when I learn about it. In this scenario, I would at least have a hard asset to bring in around $10K for living expenses and mortgage until I can figure out the next step. Sort of a hard "emergency fund" that's a little less accessible than my real one in a HYSA. 2. I'm choosing at least 1 Oz (maybe more) in wearable bullion. There is a premium for this, of course, so maybe just a single oz. The benefit of this is that jewelry is not considered a monetary device when traveling. You don't have to declare your rings or bracelets as value at borders, from my understanding. An understated, camouflaged simple bangle (amidst other, costume jewelery pieces) shouldn't draw too much attention. Hammered finish to further obscure. Wear under a shirt cuff, jacket, etc. I just like the piece of mind of knowing we have to bug out somewhere, we can take an oz with is that blends in more. Of course there's loss risk and theft of this piece, which bars also carry (in a different way). This would live in the vault until we need it, and just *maybe* my wife would wear it out for special occasions (anniversary, etc), and wear the single most expensive piece of jewelry either of us have ever had, with just a quiet secret between us about it. Being able to drive/fly/walk into Mexico with a long sleeved shirt hiding it, and knowing we can get (currently $3400) the peso equivalent without having to even say out loud were bringing assets just feels like a little insurance policy. The bars have the lowest premium and the bangle brings a bit of extra backup. Even carrying these 3 across a border at $4,500/oz wouldn't trigger a declaration (since the bangle doesn't count). It just feels like a bit of portable backup for worst case scenarios that make you feel unsafe in your own home or country. Everything else remains in regular stocks, bonds, and HYSA, real estate, etc. I just have some prepper in me, and this feels like a decent way to store some value without giving all the "cash under the mattress" to inflation. Open to feedback and corrections!

iThinkiStartedATrend

We are in the FA stage still. Jacked to the tits with calls

New_User_999

This is very good news u/Dritzz-9966 [https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=319351931&type=HTML&symbol=VKTX&cdn=dc183b072dc8a5f635b4a0e2d23a23f9&companyName=Viking+Therapeutics+Inc.&formType=SCHEDULE+13G%2FA&dateFiled=2025-08-06](https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=319351931&type=HTML&symbol=VKTX&cdn=dc183b072dc8a5f635b4a0e2d23a23f9&companyName=Viking+Therapeutics+Inc.&formType=SCHEDULE+13G%2FA&dateFiled=2025-08-06)

abroadbroadband

We're in the FO stage after the FA stage In order it goes, Fo Re Me Fa So La Ti Fo There's another FO stage after this one 😒

BULLBOT-AI

**Claim**: A put option on Palantir (ticker: PLTR) has been initiated with €1000. **Evidence**: - [1] SG Zertifikate lists a financial product (ISIN: DE000FA2AMX8) linked to Palantir. This is a "put" certificate, allowing investors to profit if Palantir’s stock price falls. - [2] Another SG Zertifikate product (ISIN: DE000FA9DRP9) is also listed, confirming the availability of Palantir-linked derivative instruments. **Analysis**: The claim refers to purchasing put options (bearish bets) on Palantir stock. Both sources confirm that SG Zertifikate offers such structured products. However, the claim's phrasing ("gestartet" / "gegen Palatir") does not clarify whether the user actually purchased the product or is merely highlighting its existence. The evidence confirms the availability of these financial instruments but does not verify a specific transaction. **Sources**: [1] https://www.sg-zertifikate.de/product-details/fa2amx [2] https://www.sg-zertifikate.de/product-detail?isin=DE000FA9DRP9 **Conclusion**: **Partially true/misleading**. While put options on Palantir are indeed available through SG Zertifikate, the claim lacks context about whether a transaction occurred. The evidence supports the existence of such products but does not confirm any specific investment action.

Actual_Difference617

Every time TSLA drops near $300, buying calls has been the easiest money. FA for regards.

Successful_Ground373

Anyone who says they KNOW the answer to that question is lying. I was divorcing my husband and bought a stock VVUS because I thought he was a Virus I needed to get rid of. No other reason. Knew nothing about it. Biotech company. Got bought out 6 months later and I made 125%. I also lost 10 years of investing in the 2008-09 meltdown. Saw a lot of FA's through the years and they admitted when newspapers were around if they were out of ideas for Mutual Funds they would pin it to a wall and throw a dart at the stock page. Research is a must but sometimes its dumb luck. I bought Carvana in the late fall of 22' when they were supposedly going bankrupt at $4 sold it at 12 a few months later and today its at $375. Shoot me now but I didn't listen to the things I had been taught. It's an emotional ride.

itschaboy___

I mean you can call up your FA/sales guy and ask him for an allo, just be ready to put down as much as T. Rowe or Blackrock is to guarantee their anchor stake. I'm usually sympathetic to the retail trader but trying to price millions of induvial 1 share trades on a super hot IPO is just way less efficient for all involved during the live deal frenzy vs selling auctioning 100k stakes to counterparties you know 1) are good for it and 2) are likely to stabilize price by not flipping those into the secondary.

crazier_ed

it's the FA part of the discovery process for market prices...

jchills75

I’ve been lurking in this channel for a while. I recently came into a bit of money. I paid off all debt and hired a FA. I was thinking this was a mistake until I started looking here! (Degenerate ex-gambler here). I put $500.00 into Robinhood, I got lucky and doubled it. Thanks for constantly letting me know to not take on my whole portfolio myself!!!

floo82

Yeah I work with a bunch of rich old developers, most have an FA and trusts and shit. 4-5% risk free is something we haven't had for the last 15 years so they like it.

adkosmos

You earned $570k and dont know what to do with your money and need to ask strangers on the internet for advice? I think with a 15-year retirement wish.. you should be speaking with a fiduciary advisor and figuring out if retirement at 55 is achievable for you and what the plan is to get there. For example.. friend of my had the same idea, and after meeting with the FA, they basically told him you can't retire.

Outside-Jello6336

Check out ADIL, not a FA

kesavadh

ah yes. The FA phase.

laughing_dummkopf

To discourage me from trying to time the market, using an FA and for finding strategies about taxation. Lots of good advice once you filter out the ‘noise’.

freesects

Goog is an unstoppable force (FA)

IHadTacosYesterday

I saw one of these "Grabber" Blue Mustangs the other day and I'm thinking of getting one. Only problem is, this color is pretty popular, you see em a lot. https://visor.vin/search/listings/1FA6P8TH6R5118422?make=Ford&model=Mustang&year=%222024%22&agnostic=false&trim=EcoBoost

CryptoAnarchyst

Yeah bud... what you're missing is that TA is not the ONLY thing they use... they use FA and many other systems in place to make their decisions.

catastronot

Some H8TER (a fidelity FA) was laughing when I said I’m up 30% on the 1YR, so i put my cock on the phone

Rando1ph

I have a few buddies that are FA's and they joke that "MD" stands for money dumb. so there is that. But I get it, they are very specialized in the medical field.

HVVHdotAGENCY

Why would you assume the risk profile of a high earner is higher? If anything, it’s more common to see the opposite relationship: people with less tend to have a higher risk appetite to leg up and people with more wealth tend to devote more of their portfolio to defensive and low risk moves. That said, sounds like you’re “asking for a friend,” in which case just put it in ETFs if you don’t want to bother taking the time to learn investment strategy, or just pay an FA if you’re making that much.

tomsmac

Boy, I wish that more people would see this. Between AI and Crypto there is an insane amount of froth in the markets right now. Irrational exuberance. Grandmothers are asking about it. I lived through 1987, 2000 and 2007 and it looks EXACTLY like this. Have a cool story though. About 12 months before the [dot.com](http://dot.com) bubble burst my company (Sycamore Networks) went public and I was a very early employee. At the time it was the 2nd most successful IPO in Nasdaq history. My financial (MS who took us public) INSISTED that I not buy any stocks for right now. Then the bubble hit… I witnessed many of my associates wiped out but In about six months and with my FA’s Guidence we went on a shopping spree. It was right there that I secured generational wealth. No matter what size your bank account ALWAYS hire a financial advisor! Id be extremely cautious right now.

Bornagainghostbuster

This isn't FA but id look at LAC calls 3.5 Feb 26 or Jan 27 if you want less risk. Insane value for almost itm calls 7 months or 18 months out so no theta. Infinite upside for basically no risk. 

RookieMistake101

Brutally. I was a retail banker for a decade. The founder of our firm was a FA, one I fed business to for years. We worked at a major bank. He split off and took his book less than two years ago. I had already left to another bank, didn’t even have a book of clients, and brought my contacts with me to this new firm. Fortunately they’re large clients and they trusted me. People really liked what we were doing and how it differentiated from what big banks offer (compared to their retail wealth arm.) I work closely with CPAs who refer me business, that’s helped a lot. It’s difficult and slow but the sooner you start the better.

RookieMistake101

There are CPAs that do financial planning but they charge fees like FAs. If you want retirement planning and your CPA to act as a corporate trustee…that’s not any cheaper or different than a FA.

alwayschillin

TBH I don’t think answering these questions is anywhere near a complex task at all and a good CPA who isn’t charging 1% annually is perfectly capable of doing so. I understand FAs need to make a living - and if your clients are happy then all power to you. But these services really aren’t as value add as you make them sound nor do they justify the fees charged. There just happen to be a lot of people out there who are uneducated or lazy and that allows the FA model to extract more money out of them. It is what it is, I don’t really have a problem with it. I will say though, having seen this first hand, one of the biggest value propositions of a well-connected FA is access to exclusive investment opportunities. Some IPOs here and there but mostly on the private investment side. Those are things you can’t get on your own, that can be highly lucrative and can be directly attributed to the FA relationship.

Acrobatic-Bar-3621

Doesn’t work that way. You have to sign off on any and all trades if you set it up that way. Never has my FA bought or sold anything without my support.

Majestic_Republic_45

They’re absolutely useless. I am considered a high net worth investor (not flexing - just qualifying)manage my own portfolio, and have canned 2 FAs due to being worthless. The only thing that is absolutely clear with an FA is their fee. They spit out a bunch of canned reports they can’t read and tell me I need to be diversified all day long. There was a comment below about from an FA that’s not concerned about beating the market and assists his clients with wealth preservation? lol - typical. And these folks think that commands 1-2%? Please! That’s called treasuries, CD’s, bond funds, and HYSA’s and then go back to sleep at your desk to finish off that grueling 6 hour work day. Buy and Hold solid companies and don’t sell! Keep dry powder around at all times to take advantage of dips. If u want to take a couple flyers with small amounts - fine. I have had basically the same dozen holdings for the last 20 years. I am retiring in 12 mos or less. When April hit - I felt like someone opened up the “free money” store. Was buying that dip all the way down. If u need help with tax planning, go see a tax attorney. An FA is the last person I would speak to for tax planning.

Worldly_Mirror_1555

Do you have any tips for how to find a good FA? My current FA is retiring, and I prefer working with someone for many of the reasons you listed.

wolley_dratsum

That’s highly unusual for a FA. I think my mother-in-laws guys had her in close to 50 different funds.

CollectionLeft4538

Talk to a TIAA FA about some of your concerns. Your dad is probably well diversified for 25 years. I know it was scary on the news about the market my crash, but it’s all fear mongering. The TIAA FA could ease some of your fears.

Paperback_Chef

Not that you, as a normal person, would be able to access. The value of an FA doesn't come from their ability to "beat the market."

Orange_Codex

NFA but if I was FA I'd say a firm yes. Partnerships, buyout potential, cash runway, optimistic results, solid personnel, obvious good management - it's all there. $3 is likely; a $5-$8 buyout is possible.

RookieMistake101

I manage wealth for a living. We have a small independent firm of 2 advisors overseeing $300m. I do want to start with the “most of them underperform the market” fact that drives me nuts. Most of our clients are not looking to beat the market. The majority of our clients want wealth preservation, tax mitigation, and income. Pure growth is worthless to the woman who needs to pay her bills every month and can’t stomach market swings like we saw in April. We offer so much more than telling you what companies we like. Financial planning for retirement, retirement planning for business owners, exit planning for business owners, generational wealth planning, investing in private companies, and family office services. I’d definitely agree that the role advisors played for the average Joe in years past is gone. You don’t need an FA to dollar cost average $1000 a month when you’re 30, single, w2 employee and just building your life. That’s not a good fit. Go buy VOO and close your eyes. You should come to us when you’re 45, started a successful business and are starting to pay hefty taxes, when you want to know what selling that business would look like and how to minimize tax implications on the sale, when your investments in your 20s have now grown massively and you need a way to minimize your LTCG, when you have a family and you want to ensure that your wealth doesn’t spoil them. I hope this is somewhat insightful. Happy to expand on something if needed.