[user not found] wrote: ↑Tue Feb 13, 2018 6:56 pm
Scratch that, I'm wrong, they aren't using ETFs that do it internally. It's all external. Same end game, different investments. No appreciable impact.
How?
Their analysis shows that they are beating buying and holding the same ETF's that they're bouncing in and out of... Where are they lying?
Their analysis shows that they are beating buying and holding the same ETF's that they're bouncing in and out of... Where are they lying?
A traditional investment firm would do the same thing depending on the client and their goals.
Comparison here isn't wealth point versus buying on your own. It's wealth point versus a financial advisor.
I think in many circumstances wealth point would win. In your case, with very very specific very short term goals, you're doing yourself a massive disservice by not talking to someone about it.
Remember, if you retire at 50, you aren't looking to build an account to then draw down for 20 years (which might be a typical investment goal), you're looking to build a self sustaining account to provide INCOME for 40 years. This is vastly different.
You need something that's going to kick off X00,000 of profit annually for it to last your life and really provide for your needs. This is an extremely complex investment goal.
One guy that sucked is just one guy that sucked.
Who do you think will beat these guys and are you willing to bet my life on it? That's what it comes down to... and I trust computers more than humans at this point. The computer won't forget to check this shit all day every day, the human can ignore it for months at a time - especially if I ignore the accounts like you suggest I do. If I'm not on top of it every day, how do I know the advisor is doing his job?
Even if I AM on top of it every day, how do I know the advisor is doing as well as possible unless I become an expert myself? At which point I might as well do it myself.
We also don't need infinite retirement income. At some point the wife's parents will die and we'll be able to :melonwax: for another 20 years on that, if not indefinitely depending on how it all goes down. We need enough to get from 2035 to, say 2055 at the latest.
Who do you think will beat these guys and are you willing to bet my life on it? That's what it comes down to... and I trust computers more than humans at this point. The computer won't forget to check this shit all day every day, the human can ignore it for months at a time - especially if I ignore the accounts like you suggest I do. If I'm not on top of it every day, how do I know the advisor is doing his job?
Even if I AM on top of it every day, how do I know the advisor is doing as well as possible unless I become an expert myself? At which point I might as well do it myself.
I truly wish you the best of luck but a goal without a strategy is better known as a wish. Not trusting experts generally isn't a winning strategy but I hope (really) you're the exception.
What's not "expert" about the Wealthfront strategy?
Last edited by troyguitar on Tue Feb 13, 2018 7:19 pm, edited 1 time in total.
troyguitar wrote: ↑Tue Feb 13, 2018 7:17 pm
We also don't need infinite retirement income. At some point the wife's parents will die and we'll be able to :melonwax: for another 20 years on that, if not indefinitely depending on how it all goes down. We need enough to get from 2035 to, say 2055 at the latest.
:melonwax: needs to become a thing.
4zilch wrote: ↑Mon Apr 12, 2021 8:46 am
I'm a fucking failure.
I truly wish you the best of luck but a goal without a strategy is better known as a wish. Not trusting experts generally isn't a winning strategy but I hope (really) you're the exception.
What's not "expert" about the Wealthfront strategy?
Are they the ones that haven't turned a profit for you in 6 years? Or, are they the ones you just invested with?
4zilch wrote: ↑Mon Apr 12, 2021 8:46 am
I'm a fucking failure.
The problem I'm trying to solve is how do I successfully employ some reverse reverse reverse reverse reverse reverse psychology on my life... because everything that I think will turn out well ends up sucking, but if I try to do things that I think will suck then sees what I'm doing and makes that suck too, so I need to do some kind of multiple fake-out on that fucker.
troyguitar wrote: ↑Tue Feb 13, 2018 7:17 pm
We also don't need infinite retirement income. At some point the wife's parents will die and we'll be able to :melonwax: for another 20 years on that, if not indefinitely depending on how it all goes down. We need enough to get from 2035 to, say 2055 at the latest.
I dunno man. What if your wife tells them to sod off and they give all their money to Greenpeace?
Detroit wrote:Buy 911s instead of diamonds.
Johnny_P wrote: ↑Thu Feb 09, 2023 3:21 pm
Earn it and burn it, Val.
max225 wrote: ↑Mon May 01, 2023 5:35 pm
Yes it's a cool car. But prepare the lube/sawdust.
troyguitar wrote: ↑Tue Feb 13, 2018 7:23 pm
The problem I'm trying to solve is how do I successfully employ some reverse reverse reverse reverse reverse reverse psychology on my life... because everything that I think will turn out well ends up sucking, but if I try to do things that I think will suck then sees what I'm doing and makes that suck too, so I need to do some kind of multiple fake-out on that fucker.
Investing and life is about making the most of bad situations. During a downturn, move things around, and it's usually all up from there.
4zilch wrote: ↑Mon Apr 12, 2021 8:46 am
I'm a fucking failure.
[user not found] wrote: ↑Tue Feb 13, 2018 7:24 pm
FWIW, Troy - to retire at 50...
I assume that you'll need 100k a year
I assume you'll need some reinvestment every year as well to keep up with inflation.
I assume you'll want fairly safe investments to not destroy your principal.
With those assumptions I figure you'll need $5,000,000 earning you 3.5% annually.
Your current investment strategy had you on track for somewhere between $675,000 and $750,000.
You aren't being reasonable in your expectations which is one of the reasons you need a professional.
Good fucking luck, man. You're gonna need it.
Now to retire at 65, your plan is
We only need to get from 50 to 65-70, at which point a golden parachute opens up. 2 million would be enough, maybe less. We have 401k and IRA accounts in addition to this stuff.
troyguitar wrote: ↑Tue Feb 13, 2018 7:17 pm
We also don't need infinite retirement income. At some point the wife's parents will die and we'll be able to :melonwax: for another 20 years on that, if not indefinitely depending on how it all goes down. We need enough to get from 2035 to, say 2055 at the latest.
:melonwax: needs to become a thing.
As the only published author in a well-known motorcycle publication in the room...
troyguitar wrote: ↑Tue Feb 13, 2018 7:51 pm
You mean pay someone we don't know to change our strategy? We have a strategy.
Which is...
Max 401k and roth IRA, minimize spending, pile everything else into this wealthfront shit. If it ever goes up instead of down, maybe eventually retire...
troyguitar wrote:The problem I'm trying to solve is how do I successfully employ some reverse reverse reverse reverse reverse reverse psychology on my life... because everything that I think will turn out well ends up sucking, but if I try to do things that I think will suck then sees what I'm doing and makes that suck too, so I need to do some kind of multiple fake-out on that fucker.
I'm hiring these fuckers for reference, hopefully things go well.
troyguitar wrote: ↑Tue Feb 13, 2018 8:03 pm
Max 401k and roth IRA, minimize spending, pile everything else into this wealthfront shit. If it ever goes up instead of down, maybe eventually retire...
Those are tasks, not a strategy.
Dafuq is a strategy if not a set of related tasks designed to achieve a goal?
Desertbreh wrote: ↑Thu Oct 17, 2019 3:05 pm
DFD. The forum where everybody makes the same choices and then tells anybody trying to join the club that they are the stupidest motherfucker to ever walk the earth.
sees what I'm doing and makes that suck too, so I need to do some kind of multiple fake-out on that fucker.
