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Personal Finance and Investing

Fiendish Thingy

(15,575 posts)

23. It Often depends on how much you have to invest

Reply to JudyM (Reply #22)

Fri Jul 31, 2020, 06:03 PM

Jul 2020

Once you’re over $100k, the advisors will come find you.

In the US, we use Ameriprise, but you need to specify that you want a fee-for-service, non-commission advisor who is a licensed fiduciary, not just a CFP (certified financial planner). They charge us $700 per year, and do an annual plan with graphs, etc. Showing our goals, if we are on target, etc as well as the performance of our portfolio.

If you are in California or Nevada, let me know, I can send you the contact info for our advisor.

In Canada, we were pleased with Raymond James, I think they might have branches in larger US cities.

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401k question [View all] SheltieLover Jul 2020 OP

Not CDs now. Interest rates are at historic lows. Look into money market funds, ETFs, index funds. brush Jul 2020 #1

Yes, but SheltieLover Jul 2020 #3

Instead of one or the other, think in terms of balancing your portfolio with a portion in CD's nt Shermann Jul 2020 #5

Tyvvvvm! SheltieLover Jul 2020 #8

TYVM! SheltieLover Aug 2020 #27

It will be OK. Trump is the self-proclaimed Debt King. We've got lots and lots of debt progree Aug 2020 #28

Im sure SheltieLover Aug 2020 #29

You have a bigger risk of running out of money in retirement than losing it in the market Fiendish Thingy Jul 2020 #14

As are money market funds. And are easily available. With CD I think you may have to pay question everything Aug 2020 #26

What are your timeframes? Shermann Jul 2020 #2

I was thinking SheltieLover Jul 2020 #4

That might be wise to see what shakes out after the trump debacle is over. brush Jul 2020 #6

Tyvvvvm! SheltieLover Jul 2020 #7

My broker said that it was better to wait until things shake out until after the elections SWBTATTReg Jul 2020 #9

Tyvvvvm! SheltieLover Jul 2020 #11

I'm sure there is a target retirement fund option brokephibroke Jul 2020 #10

Thx so much! SheltieLover Jul 2020 #12

Target funds UrbScotty Jul 2020 #15

TY For explaining! SheltieLover Jul 2020 #18

Get a good advisor (fee for service, not commission) and tell them your goals/needs Fiendish Thingy Jul 2020 #13

Ty so much! SheltieLover Jul 2020 #19

I've been trying to find one of those, a bit of a challenge. JudyM Jul 2020 #22

It Often depends on how much you have to invest Fiendish Thingy Jul 2020 #23

Thanks.The ones I've contacted all want the money moved to their institution, don't want to do that. JudyM Jul 2020 #24

Ah, I see. Then yes, you may have a harder time finding someone. Nt Fiendish Thingy Jul 2020 #25

Wise words from my financial adviser... BigmanPigman Jul 2020 #16

Same boat brokephibroke Jul 2020 #17

Absolutely! SheltieLover Jul 2020 #21

I'm looking at SheltieLover Jul 2020 #20

The only thing I will add is to point out that trying to time the market PoindexterOglethorpe Aug 2020 #30

Thank you! SheltieLover Aug 2020 #31