Be as clear and concise as possible in your posts, and avoid using jargon or unnecessarily complex language. Use proper spelling and grammar, and make sure that your posts are easy to understand.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 4
Before the opening bell, the U.S. Bureau of Labor Statistics said headline PPI for April came in at +0.5% M/M, above the estimated figure of +0.3%.
"A primary reason for the beat in April PPI was a sharp increase in portfolio management and investment advice, up roughly 4%. This will add 0.06ppts to core PCE inflation in April.
https://seekingalpha.com/news/4105941-stock-market...Not the type of inflation the denizens of this Board would experience.
No. of Recommendations: 9
I’m always amazed at what some of my friends pay for advice and management. I say nothing
Many just want their hands held
No. of Recommendations: 8
I’m always amazed at what some of my friends pay for advice and management. I say nothing
I've learned to be quiet, too. I tried, didn't go well.
Many just want their hands held
This is true, and can be a valuable service, but our friends/family could get that from Vanguard or a robo-advisor for 0.3% or so.
I found an investment report from a Financial Advisor among my dad's papers. The guy was advising him to buy the "Investec FTSE 100 Enhanced Kick Out Plan 94" (WTH is that?), along with a "reduced initial advisor charge of 1.5% (normally 3%)". Dad didn't go for this particular one.
No. of Recommendations: 29
I took over the account of my mother in law when I saw the huge fees she was paying for a financial advisor. I fired the thief, and put her in a Vanguard managed account which was great for low fees, a trusted advisor, and a layer of separation from me. I was worried the heirs would assume something nefarious on my part but when she passed away the numbers made me a clear hero.
2% fees on a S&P index fund. $1500 to prepare a pie chart of allocations. It ought to be illegal to treat a little old lady like that.
No. of Recommendations: 1
"2% fees on a S&P index fund. $1500 to prepare a pie chart of allocations. It ought to be illegal to treat a little old lady like that."
And sometimes it's even worse: like a 2% fee on an underperforming, tax inefficient Active Fund which layers on another 1% fee! Terrible.
