Investing General Discussion

Synj

Synj

Dystopian Dreamer
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M Power said:
My mom has a wealth manager to maintain her retirement shit. I'm pretty sure her entire financial plan is to just maintain the same income no matter what the market does until she dies. It has worked out rather well for her so far. There are some funds she has that I still don't fully understand but they aren't typical investment style accounts to make money. Almost like an insurance. Either way it's all going to me when she's gone and the wealth manager is being cut out. He gets 1% but no yearly base.
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One of my friends was put into a bunch of crazy funds with leverage and wonky shit and all of them had expense ratios of like 1.3-2.0% and YTD gains of like 5%. Meanwhile no brainer easy af VOO is up 9.5% YTD.

Fucking scabs.
 
Synj

Synj

Dystopian Dreamer
<Gold Donor>
8,845
40,291
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M Power

M Power

Bronze Knight of the Realm
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Synj said:
One of my friends was put into a bunch of crazy funds with leverage and wonky shit and all of them had expense ratios of like 1.3-2.0% and YTD gains of like 5%. Meanwhile no brainer easy af VOO is up 9.5% YTD.

Fucking scabs.
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I made sure to check all of the funds she was put into. None of them have crazy expense ratios and most are just mutual funds of things most people invest in anyway. If it was anything crazy I'd have had her pull out of whatever nonsense it was.
 
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