FA

VegasWorldwide

I have the same problem (not a FA but buying SPY vs FXAIX). I love spending on red days and often times, I put my order in for FXAIX only to see I bought in the green by 3pm after close lol With SPY, I get the price at the time of the order. so if im buying red, I get red. maybe your FA likes that control. in the long run, I don't think it matters. im sure there's been days I bought when it was green that turned red by close. I notice the other way more because I buy more when its red.

ziggy029

You can easily buy and choose index funds yourself, without the drag of a FA. Plus, why not VOO instead of SPY? It is functionally equivalent and the fees are lower.

DaemonTargaryen2024

> SPY expense ratio is 3x higher than VOO This completely lacks context. VOO is so ridiculously cheap that 3x its ER is still also very cheap. How much do you have invested? I can break down exactly the difference in annual cost. It’s negligible. Having said that, you’re right so if you want to buy VOO then fire the FA.

chopsui101

why you have a FA for your Roth IRA lol

kekehippo

Get a different FA, and after your fifth one you'll realize you have trust issues and also no clue what it is you are doing.

harrison_wintergreen

why are you using an FA who disregards your preferences?

One-Comfort-5534

Not what you want out a FA

TheSpeedofThought1

3$ is 3x more than 1$. Your FA thinks you don’t care cause you’re already giving him significantly more

hanskazan777

So how did your FA when you asked them this?

dysenterygary69

Traveling internationally and don’t have SMS text messaging for 2FA on my accounts. Am I fukd?

UniqueDesigner453

If the current admin continues to implement its policy goals, these people will very soon experience the FO to their FA

RhythmsOG

I would honestly go for August Puts, after Q2 Earnings last week in July. Not FA though lol

skibby1234

No. Pulled out months ago, letting my boring ass FA handle.

gold_flask

There’s a chance but it’s gonna need to really go back up. I would take the L and sell for minimum losses and avoid revenge trading (you will lose more), otherwise you’ll wake up tomorrow with a big loss. Not FA!

myparentscallmebillz

FTFT is moving and growing AH volume, just FA, just an FYI

bittabet

From your original post it just sounds like you haven't really spent enough time to understand what Bitcoin actually is. The problem is that it usually takes people a lot of time to get what it is, because it sounds so much like a scam at first. It's only when you start to go down this long and painful rabbit hole that it's value becomes clear. Took me five years to start thinking that it could be the real deal and an entire decade before I really got it. Now of course I kick myself for not looking into monetary economics when I first heard about Bitcoin and not looking more deeply into who guys like FA Hayek were since I just assumed that these were crackpot ideas. But when you start to realize that it's essentially what a Nobel prize winning monetary economist proposed for money it all starts to seem actually possible. Honestly the folks who have done the best with Bitcoin historically are people who were already fans of Austrian economics.

Significant_Camp9024

My FA has been telling me since the beginning of this mess that it’s going to get volatile but these dips and peaks will be a blip on the radar in 5 yrs. We’ll see.

myparentscallmebillz

well said! its just gotta stay stable till AH with small gains throughout the day. once AH, overnight, tomorrow PM starts, its game on imo. not FA either

SR70

See, right here is why I haven’t hired a FA. I inherited a portfolio that was already well diversified and doing really well at the time (3 years ago) and have taught myself a lot about the market and how things work (complete newbie at the time). I still feel like a fish out of water though when people start talking about trading jargon etc.

ChairmanMeow1986

Usually around a 1% long-term with a 60/40 allocation. Lot's of ways to look at this though, 60/40 is really conservative if you have a long time to hold before withdrawals. My point is essentially if you can't invest with confidence on your own a FA may well be worth it over VOO and Chill or Boggleheads even with the fee.

412sports

how do you find a FA you can trust?

PBlueKan

All FAs are required to be fiduciaries. It’s literally a regulatory requirement of their job. That said, all an FA is going to do is avoid losing money, and they’re only useful when you get to a higher asset tier and need access to exotic asset types.

KindGuy1978

No I followed my first FA's advice and was behind the asx index for two years. Found a new advisor, only 37k per annum, and she set up a slightly less diversified portfolio. But after a year I noticed they were making hundreds of tiny trades (under $1000 on a $5m portfolio) into products they owned. And we're still performing below the index. So I fired her, with the help of fiduciary sold everything off and put it into a very low risk etf as Trump was incoming. I'm finally ahead of the index.

ApisBondar

20-30 days trip. It's been over a month of orange monkey tossing poo at the entire world. The port authorities only have eyes as far as the radar goes + some comms. The FO part of FA&FO is iminent.

chatterwrack

Place 6 minute’s worth of the movie in an HYSA then buy a stock with the rest. No need for a FA. You got this!

jay_sun88

First, I'm very sorry for your loss, and please accept my condolences 🙏🏻 Now, about handling inheritance, first educate yourself. Check out YouTube videos to learn fundamentals. Here's one @HarrysFinancialFitness Second, move money to a HYSA at Fidelity or Schwab. Do NOT consult FA! They will rip commission off you and run. Do NOT invest in anything you do not understand, like cryptos or options! Also, Check out r/SCHD and start small with DCA and keep it very simple. Also, on personal privacy, do not tell any friends or family about this. Payoff bad debts. GL 👍 and feel free to DM.

simplytwo

There are FA who are fiduciary's.  They promise to do what's best for YOU instead of what makes them the most money.

KindGuy1978

If you can find an FA willing to work on a fee basis. Most like their cushy 1% annum for the 12 hours per year they spend generating Panorama reports and putting them in PowerPoint. First year cost me $50k for exactly that. Their advice? Diversify. No shit Sherlock.

Yx2ucca

Two things, 1) it’s going to take time for shelves to empty. 2) Second quarter reports. I don’t think it was an accident that Trump started this bs at the beginning of a quarter. Gives him 3 months to FA. The end of the quarter is the FO.

snasna102

It obviously works on the average American. The world is no different than a stage; you get the odd comedian that gets a hold of the mic. Americans are the laughing stock, we get it’s Trump doing these things, we know… but you voted him in twice and the world is giddy about y’all FA’d and now you’re FO

myparentscallmebillz

seeing of big buys going on for MLGO, surely it must rise AH and not get worse, not FA as it crapped the bed today, anyone else buy at the perceived bottom for today?

bocageezer

I still remember the convo I had with my FA in 2011 when I wanted to buy TSLA at $70/share. He talked me out of it.

cgaMattK

Should have used the mobile Authenticator app and 2FA!!

tiwanaldo5

Vastly more powerful country who just took a massive L, 3 confirmed and overall 5 reported jets shot down in last few hours. India FA now they are FO. It’s not fair, bc they’re shit at it

aomt

I never said they look at H&S, did I? Or candles/patterns? It’s obvious when they invest billions (aka, moving the stock) they are not looking at 1m chart bull flag breakout. Levels, MAs, Macd, RSI, etc. this is purely technical stuff, nothing (aka zero) to do with FA.

lordofhunger1

I've seen a few board game shops online already go out of business or are in the process. Lots of peoples kickstarters were being made in China and are now subject to 145% tariffs that they didn't sign up for last year. We may still be in the FA stage but the FO stage will come.

Emergency-Prompt-

We’re still in the FA period. Q2 is moving into the FO timeline. What an odd summer this is lining up to be.

caffeine182

Sounds like you he average redditor should fire a first year FA then

Temporary-Catch2252

Were you an FA 20 years ago when mutual funds had huge front/back end loads, there were high fees, high minimum amounts, etc? the market is more accessible than ever. Free accounts, low fee index funds, fractional purchases, etc. i would add that ignoring this powerful tool also increases the chance to remain a poor. Thanks for encouraging others.

EndlessSummerburn

A month ago when we were in the “FA” stage, I’d say maybe that’s true. Now that we are in the “FO” stage, it’s a little late.

Odddjob

I can’t give u any FA, but I and many other bought or are buying

PaytonM21

I get so irritated of hearing that sentiment - "stock market is just a transfer of wealth from the poors to the billionaires." I'm an FA, and literally ALL of our clients are just regular ass people who worked some job or ran some small company, and they've grown their wealth and enjoying their retirements via the stock market. The only way billionaires are "extracting money from poors" is when poors decide to make horrible investment decisions, which is on them.

mpoozd

Half of this sub are bots Mods should do butt 2FA verification thing

Significant_Camp9024

I agree and we’re being gaslit to believe it’s all par for the course when it’s not. I like my FA but I also know he needs to keep his paycheck coming. There’s just something so unhinged about all of this. I think I’ll have to figure something else out for that money.

rails_royce

Not FA. Well you buy the amount of shares without paying the full price. So basically in this context you are doing 2 things that are important for me. Volatility will be high because shorters will fight back. Chances are you are going to hit your stop loss without even being able to react, it can go down and up so quickly… well that’s why stop loss are for. On top of that you are going to lend your shares to the shorters. Which is not great if you want a squeeze to happen. We don’t know when it will happen but shorters will try to shake your hands so leverage is not a good idea because that works for them. I am a noob so if that sounds BS I want to learn. Smarter people with more experience could probably correct me

DogonSiereht1

I am self directed but I still use a financial advisor for all the financial things I might be missing. I know how to save and invest, but since using my FA I am doing more retirement planning validation, insurance reviews, end of life planning, estate planning, and all the other financial things I might be missing. It is a great help to when there are life changes to get a professional perspective. I use her services on an hourly rate, and I use around 2 hours a year at $300 an hour. Some years we might not talk. Usually it is a sync to see if I am still on track, but lately there have been a lot of personal changes where I need to adjust the plan.

No-Relation5965

I think that your FA is being reckless with that advice. I suppose if you have a lot of time until you’ll need the money then it could turn out to be a good move. But I’ve seen a lot and this market is not making sense. Hopefully they have you in inexpensive funds with a diversified allocation. I had a FA for 8 years and he only put my money in funds with exorbitant fees and was churning my account. Returns were averaging 6% when they should have been at least double that. I left that advisor in 2020 and put the money in Vanguard and that turned out to be a very good decision.

Significant_Camp9024

I had a meeting with my FA last week. He said the worst 4 words in investing are “This time it’s different” which seems to be what you’re saying here. I agree with you and think things are going to get really crazy. He of course wants me to invest $50k a month for the next 3 months. I’m really leery about this plan. I’m almost 50 and don’t have a lifetime to recoup.

Significant_Camp9024

Yes, a large cd just matured and my FA wants me to take a portion ($100-150k) and invest. He wants me to invest $50k a month for 3 months. I think that Trump isn’t done trying to tank the economy and waiting for this impending recession makes the most sense but I have to listen to my FA right?

kaychyakay

Listen man, the reality is Trump is in this position now because he has faced ZERO repercussions for any of his actions till now. Like, we always say FAFO, but for him the FO stage never comes and gets to FA however much he likes! So this might just actually work out great for him! His idiot followers might just start consuming less, to show solidarity. They might just become 'woke' in practice while also dissing and taunting the 'woke' that they understand.

Dubstep_Panda

I don't, but I'm an FA. If you have the cash on hand and can keep investing, there's easily identifiable blue chip stocks that rationality would tell us shouldn't be DOWN after 5 or 6 years. And look, I agree, we don't know what's gonna happen. But the hyperbole and snap reactions from people with very long time horizons is dumbfounding. I've had to lock in massive losses for clients against my will because they let political bias influence them too much.

CyanSlinky

Feels like he has been in the FA phase for forever. Hope he gets a hefty dose of FO... but so far not really seeing it.

Charming_Squirrel_13

I literally loaded up on cash on January 16th. My FA was uncomfortable with the potential for a trade war and he was 100% right to be.

Fun-Journalist2276

Buy puts at open this is FA.... 

MyFeetLookLikeHands

TA works, FA on the stock doesn’t

Independent-noob

We passed the FA stage so we are going into the FO stage.

Rainy_Grave

Oh goody. The FO to trump’s FA.

mpoozd

BREAKING: The University of Zurich has been using AI bots to secretly manipulate Redditors since November 2024 WSB should do anus 2FA verification over here to detect bots 

YBHunted

Hell yeah, still sitting on a boat load of cash. My FA and I have decided we will sit on cash and buy large chunks at 10-20% low days from market highs. If it ever hits 30% we are dumping all my investable cash into the market.

Thatoneguy_501st

I am astonished how this sub completely negates the obvious point looming around. I say it is exactly as bad if not worse. People just have no experience living through very bad times. And I don‘t mean a recession. I mean unrest, wars and famine. We will have that. The instability is gonna unravel very badly. And the stock market is gonna tank very bad. Physical assets like Gold are a better hedge than a stock market that can be influenced by the whims of a madman. The trust in the US is a currency that has been lost massively. It seems a lot of people in this sub are still in the FA stage with naive comments that OP is a ragebaiter / AI poster. FO will come. Do you think the speculators in 1929 thought there would be a decade of downside ahead for them right before the dark age came that lead to the rise of Hitler and WW2? No.

christine-bitg

FA&FO. And they're about to Find Out.

christine-bitg

Completely agree with you. We are currently getting close to the end of the FA phase, and about to experience Find Out. (FA & FO)

sdgsgsdfgdfgsdfg

FA? whats it got to do with baristas

WhyNotSendIt

This is top tier FA

CelebrationFit8548

China had prepared for this sort of potentiality whereas the US's stock markets, export businesses and import sectors are all collapsing *due to the Orange clown's demented experiment* and many won't recover. China can easily find new markets and may have a slight disruptions in certain sectors, the US is in free fall. The orange skinned bully FA and now is heading towards the FO phase, *he* will walk away whilst many peoples lives are being destroyed for what?

Dubstep_Panda

Not using any data but personal experience, many of my clients (I'm an FA) needed to be talked out of locking in losses after liberation day. I didn't always succeed either. I'm sure tons and tons of retail investors oversold in a panic.

Spiritual-Kale4265

TIFO my 9/yo brother is a FA. Full port calls 0dte

Tigerking99999

By wolf - not FA but gold mine

clearthinker46

My point was to illustrate that Trump is not weak and powerless, but his only power is in doing damage, not anything positive. That being said, I don't think we have reached bottom yet, but I'm not ready to make any moves. I took defensive action in early January as I thought there was a risk this could happen. I thought the risk was low, but told my FA I was willing to forego some short term gain to mitigate the negative consequences. Additionally, every president has faced a crisis. I'm old enough to remember the [Cu](https://www.google.com/search?sca_esv=f35f7c11fd1fb00c&rlz=1C1YBKB_enUS504US504&sxsrf=AHTn8zrzmYnzy9hgqUFocYVIXiE-PYeLcw:1745439866768&q=Cuban+Missile+Crisis.&spell=1&sa=X&ved=2ahUKEwjr4PCZ_u6MAxXjGTQIHY6AIC8QkeECKAB6BAgYEAE)ban Missile Crisis. Kennedy, with help from his advisors handled that brilliantly. Look how Trump handled COVID. There will be another crisis in the next four years and I can't imagine this group of clowns will have any ability to address it. I've done quite well in the past selling puts on the S&P 500 when I felt the economic fundamentals were good. If I see a few days of overall stability, I may buy some puts as I believe the long term damage has been done and we won't be able to avoid a recession. I'm old and well established, so I have no need to make a quick buck, so I mostly just sit back and watch.

CVisionIsMyJam

right now we're still in the FA phase; haven't had sticker shock, missed rents, mass layoffs, etc. we have a 90 day pause, not a cancellation, and 'talks' of achieving a deal. If everything somehow works out and the pain is avoided, yes, this is the bottom. however, if this drags on too long and starts to be reflected in the lived reality of US citizens for more than a few months I think things will get worse.

NerdyDjinn

"The FO is a lot less fun than the FA was."

Cold-Permission-5249

FA: Liberation Day FO: Cave 3 Weeks Later

Sea_Nefariousness852

Nana said FA&FO

chuckroastvalue

I've been FA with leveraged inverse ETFs and now I've FO and want to share. Like most regards here I've been profiting off the downfall of TSLA for months, mostly day trading TSLZ. But about a month ago when it was about where it is now, I made a small trade and did not want to close it out for the day and said fuck it i'll let it ride. TSLA has been way up and down again, but here we are, basically same price as when I opened the TSLZ position and my overall loss is 26%. Same ticker price, 26% loss because the trade was open for a month. $100 not a bad price to pay to see how fucked holding these ETFs are longterm. (Yes I knew vaguely it was bad to hold them longterm before, I just really wanted to FA to FO).

rackoblack

You never go 100% non-stocks ever, if you're doing it right. Now if you'd said annuities, then sure, burn the FA at the stake.

savagevapor

I work for a large FA firm and our CIO hilariously put out a video that said, “now is not the time to panic”. I immediately started panicking.

MaxwellSmart07

93 and FA wants greater bond allocation. Better late than never. And we don’t know how much $$$ we’re taking about and how much is needed to cover expenses, or was more $$$ needed or wanted.

evil_timmy

>In fact, the December survey represented the sharpest swing toward market optimism in the survey’s 17-year history    FA > and the April survey is the sharpest turn towards pessimism. FO

New_Collection_4169

To all the FA that dissuaded from buying gold back in March 🖕

Enygma_tik

That’s a pretty solid theory. Would you expect TSLA to go down similarly than UNH? It seems all the FA points to it crashing down but these mf always have a way to tricking retail somehow and doing the opposite of what we collectively think or where the logical market sentiment is going. My portfolio is very conservative (only 3K at the moment), so I’m just trying to get really good at the analysis part and making informed bets based on data - but I’m realizing this market is also crazy prone to wild changed based on random 🥭 tweets!

Ok-Network7413

OMG!! This scenario happened at market open on April 4, 2025 to my brother’s Tastytrade account! I’m an authorized trader on the account and was logged in with my log in. I was watching live the fraudulent trades! I immediately called my brother who was clueless and Tastytrade. I was on hold with Tastytrade and within 6 minutes the hackers had stolen $30,000 using far dated VIX options. The thieves continued and closed all positions. Tastytrade finally answered and froze the account and account now down over $37,000. The hackers supposedly used my brother’s login. He had a strong password and 2FA, and it did not help at all! I manage another 6 accounts at Tastytrade and realize now how weak Tastytrade security is and how we are all at risk at losing all our money!!!

Rough_Pangolin_8605

I have consulted with several very successful financial American advisors whom I could access through what connections I have and they have all said it is not a good time for international investments, that that are not doing this personally. I did meet with a FA from Pictet (ultimately, they wanted me to commit to investing too much money) who, of course, was saying that really everyone who has a certain amount of money should be diversified in this manner anyway. I have no idea what to do.

evangr721

I think my losses were partly poor timing of the market on the part of my fiduciary. Significant investment into IVV in mid march. I know timing the market is never the right play, but I think that’s largely responsible for most of my “loss” I could probably dive into the specifics but I’m at work, not the time. Appreciate it though. I had the same qualms that you bring up with my FA but eventually realized that their strategy will work for me longer term, no matter what “timing” mistakes they may have made this year.

evangr721

Tbf, 1.5y of gains were wiped out for me too, in a highly diversified, only index fund portfolio managed by my FA. Slow bleed from July until now. Diversification has its benefits, but also its downsides. I had a 16% return max.

Legal-Sample-2719

For all those questioning $SUNE, should I hold or sell or pump more into it… literally 2 ways to go, goes to 0 and gets delisted and lose everything or goes to or over $1 and you can make absolute bank, it will be a long hold and it will have good scalping opportunities but those are the only 2 ways it will go, so if you invest what you’re comfortable losing then you shouldn’t need to ask questions, do your own DD, read the 10k to its fullest and see what the company is about, they do not wanna get delisted, so guess where that takes us, just be in for the ride, not FA, and FYI I’ve been on stocks for about 2 months just getting head into books and learning all the time.

zkylord

The FA is a Certified CFP with a flat annual fee. The rationale is that via RC the FA would be able to see the whole financial picture.

d07wEQr5OSbWujQSIzZI

Jensen caught smuggling chips during Sleepy's admin. [](https://alb.reddit.com/cr?za=7scG77woLrKOVQiLQG4d6qGwzShg0Rbd_bJNPriy1HxFtd_e4xtxJBh02zZvXYrY578BWZ2RPy_zMeEdGOTp-KhX-RBVpq7-_lR9juVmc4P1WQYxU5EjXf4CopewUe0MzzJ_Drx23N_Wgj7zA205BoNYtIiDylqpnsaYOzFAWglHsL--II4BGcBP6Lde3ZjLpOpzVudfD8NRclKgucDGbzx-gI9Me03RtB2jXxTdXY0UHlw9xlCb9gc1nTEYZE_NU-4wdUjfebStA3yeIxAH0qIZos-vJK6vD5XRiVccBqYhVl6tqlZU7F-lWQmV_zTt3CO5WFcj1Of88Mpcxna9S8FA0xFFe0WR0_VI6T_s6WoRxm3vOWi4Tg4kvNsAxiGCpgs32HCUnl55X6uvzEP0euUAe5KNiuVLA6gP8LLqHVhXZhY8mjNprANS76f9JWFFUfwCmQt1TWGaMhKZGSTp4QByw8tpVY0ZOge14fCC0ZOJuu5vYWrG9nDu-ZfvDlC21KcN6LhaxTuWZ9qPb34R31qcLmPpJKac9fXQOvXm6m6BzRDcGqkh2g&zp=DXvvDm74Lw97xmv_4QKWBlEl3XHGHyy0hnOX2b9Umq54YbqJ6oodLFhyLWgTA76Lo9nViHleLG8x8y9_T54CBNirW1t6oWVKRWzgItgvcrp-VBnsS6KykIhGz0uY2H0suQ3ifoTT51Xukj6h4aglrjkidRtnu_ZqIbRbmeL0GVZ92ZrS6PW6P1qqXKbkvW64lseAQXnRKjoYlH00oXw1QYE2YE1x9Yn6Q8uo1nh1ELWI01lmSisYPT20KxYopx-TChSBYlUiPFpijQEmj7X0c3tUiQP0H22doAv4BM55PGtGvWED_JjMnmuvI_ed2AX6V7qWo7B9k9mAK5iKqgzEyt5WKo8Gx02VBv6yBG1Y7CeuAqAxUVC1zlc)

cinciNattyLight

There is only an FA ETF and a FO ETF, they trade inversely

No-Contribution1070

I'm already FA, looking for the FO part

joe-re

Yes, sort of. The problem with an incompetent or scammy FA, as opposed to a plumber or gardener, is that the result of the scam shows only a decade later.

joe-re

One problem I have is that, in order to not fall prey to bad financial advisors, you need to get some education about FA. To understand that you are being ripped off if the FA recommends you a mutual funds that has 1%+ fees to replicate the index when he takes a cut of those fees. Or those insurances where the sales commission fees are all frontloaded. There are a lot of predatory FAs and a lot of salespeople masking as FAs, and payment have a hard time spotting those.

ya_dont

Wife and I shopped a FA late last year, he didn’t come back with anything I wasn’t already doing other than whole term life insurance, which was enough by itself to tell him to kick rocks

GaylrdFocker

This is probably a waste of time/money. What's your income/net worth? Most people don't need a FA. [https://www.reddit.com/r/personalfinance/wiki/commontopics](https://www.reddit.com/r/personalfinance/wiki/commontopics)

Affectionate_Dish106

I'm pretty young, but I started trading the markets when I was 14. Not with real money, but using TA and FA to analyze different charts and everything. I even got 3rd in my state in a competition for Securities and Investments proficiency and knowledge and competed nationally. This past month has blown everything I know out of the water. Any stable conditions, data analysis, or future predictions have been nearly completely thrown out the window and somehow the market has made it abundantly clear that the only thing that they care about is Trump. It really puts things into perspective -- what US citizens/Hedge funds/Stock Market really care about when it comes to money, a tweet, and how much abusive power and influence our president can have on the economy. I'll disagree with you on one thing though. These huge volatile daily up and down swings are entirely satisfying and humorous; Pure entertainment. I myself might be getting in on quick scalps. I anticipate Daddy T making more moves in the coming week, so I'm buying cheap deep OTM 0dte calls at the beginning of every day, it's cheaper than holding for days bc theta gang. Eventually, I believe that he will make a move, sooner or later.

KrumpKrewGaming

Truth! You can't FO if you are still solving for FA. But I do believe the length of time you spend solving for FA is exponential. FA^ = FO

Bad_at_Stocks_33

So in the FAFO algorithm you just have to figure out what FA equals before you can solve for FO.

bleakj

Most FA's are unlikely to beat the market by more than their fees.

Independent_Roof9997

You have no cards, and say thank you. Also he did FA and now it's time to FO.

John_Vaginosis

FA??

javialmanza

I had a brief conversation with my FA and mentioned the market turmoil. He casually brushed it off as normal 10% corrections that happen every few years. I didn’t want to go there so I cut our conversation short.