How to reduce these expenses

Mar 7, 2018

  1. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Now, if YOU are going to manage your own portfolio... go for it. It'll get harder for you to do as you get older. Up until your late 60's, it'll be fun. After that, it'll become a chore. And unless you are an SEC accredited investor, you'll have a harder time finding someone to manage your portfolio "your way".

    Until then, I know my industry. I know my products. I know my strategies. You would obviously not be a fit to be a client of mine. Even if I was securities licensed again, most people OVER-estimate their stock market risk tolerance. Even and especially according to FINRA's own Financial Capability studies. People feel better about risk ONLY as markets rise.

    http://gflec.org/wp-content/uploads/2016/07/NFCS_2015_Report_Natl_Findings.pdf

    But you go ahead and do it yourself. You obviously need my permission, so I'm giving it to you.
     
    DHK, Mar 22, 2018
    #71
  2. mespinosa
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    mespinosa Expert

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    Covered call strategy is done all the time in retirement accounts and any broker would do that for you. pleaseeeeeeeeeee I cannot bear this level of ignorance from our financial advisors.
     
  3. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    This is an INSURANCE forum. And I already told you that Financial Advisors DON'T EXIST.

    I'm telling you that buying/selling stock options is NOT for middle America. But you go ahead and do it yourself.
     
    DHK, Mar 22, 2018
    #73
  4. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Lol - just because I had a Series 7, doesn't mean I ever bought stock options for any of my clients when I was with a broker/dealer.

    And I haven't found a FIDUCIARY AUM platform that would do that either - requiring a Series 65 - the FIDUCIARY license, rather than the merely suitable Series 7 license.
     
    DHK, Mar 22, 2018
    #74
  5. mespinosa
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    mespinosa Expert

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    Thank you! I got one to admit it and I have few million more to go:)
     
  6. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    I admitted that in post #14 of this thread - my first one in engaging with you in this long diatribe of stuff.
     
    DHK, Mar 22, 2018
    #76
  7. mespinosa
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    mespinosa Expert

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    Just check with schwab. they manage this kind of portfolios for middle america all the time.
     
  8. mespinosa
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    mespinosa Expert

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    That doesn't mean you are not going to claim you are one in your next client interaction.
     
  9. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    DHK, Mar 22, 2018
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  10. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Schwab is a "do it yourself" brokerage firm. Go ahead and hire them. Advisor liability is far lower when the client is taking on the risks of the strategies chosen.

    Online Options Trading | Options | Charles Schwab

    Apples and oranges.
     
    DHK, Mar 22, 2018
    #80
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