- Jun 8, 2016
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Funny I was thinking about asking the same thing, but for North Alabama. And I didn’t inherit $150kI have just inherited some money in a TDA Institutional Trust Fund, approx. $150k.
Does anyone have a recommendation for a good Financial Advisor in the Gainesville area?
The FA who handled the estate is not going to be retained.
Thanks.
Check with your bank or CU, they usually have a division that handles investments. A lot of them are associated with LPL financial, which is a reputable company.I have just inherited some money in a TDA Institutional Trust Fund, approx. $150k.
Does anyone have a recommendation for a good Financial Advisor in the Gainesville area?
The FA who handled the estate is not going to be retained.
Thanks.
Agree 100%. This is what I did a few years back and I've had comparable returns as the FA we use to manage our businesses PSP plan and IRA accounts. Vanguard even has target date funds that adjust stock to bond ratio as they age. They also seem to have enough different type of funds to meet different investment goals, growth/income and tax deferred, you can move your existing ones there if you prefer. Most of their funds are also very low cost compared to using a professional.Just a simple calculation. If you put your 150k in the stock market, and earn on average 8% a year, the it would grow to $333k after 10 years. But if you have an FA that charges you 1%, then it would only grow to $302k a year. Is their advice worth $30k? Worse yet, if you leave it for 20 years, that 1% is worth a staggering $140k difference ($742k vs $608k).
I suggest you just talk to Vanguard or Fidelity, and they usually even have complementary financial advisors that could give you basic advice on how to invest your monies.
It's a website not an app, but I like Marketwatch. It's free and you can easily set up a watch list. Often has some interesting articles. My bro-in-law is an FA with Raymond James and he uses it all the time.Do you guys have any suggestions on any apps (or websites but preferably an app) that is solid for tracking stocks and funds (just tracking, not trading)?
I don't care for the ones that overcomplicate the layout and try to squeeze every single number into one small screen
Looks like they have an app and does all the same. I haven't downloaded it yet, but I'll check back when I do.It's a website not an app, but I like Marketwatch. It's free and you can easily set up a watch list. Often has some interesting articles. My bro-in-law is an FA with Raymond James and he uses it all the time.
The app is exactly what I was looking for.It's a website not an app, but I like Marketwatch. It's free and you can easily set up a watch list. Often has some interesting articles. My bro-in-law is an FA with Raymond James and he uses it all the time.
My pleasure.The app is exactly what I was looking for.
Thank you sir.
I never noticed that. ThanksLooks like they have an app and does all the same. I haven't downloaded it yet, but I'll check back when I do.
Just use a laptop of desktop when dealing with financials....otherwise your retirement accounts may end up resembling one of the Donkey's late night bourbon filled post...I don't care for the ones that overcomplicate the layout and try to squeeze every single number into one small screen
I do, when actually looking to make adjustments, etc.Just use a laptop of desktop when dealing with financials....otherwise your retirement accounts may end up resembling one of the Donkey's late night bourbon filled post...
Gottcha...I thought you might be one of those guys who do everything on their phone....In my case my phone is 9 years old and is useless as tits on a Bull other than looking at it when it rings to see who I'm not going to be talking to..I do, when actually looking to make adjustments, etc.
For this I was just looking for simply tracking a fund or stock. Marketwatch provides enough information without cluttering the screen. I just like to see how things are doing with the stocks/funds, without having to always go in and out up the account.
I use my personal laptop for work and home stuff and have the computer separated as different "users" for each, so it is a pain in the ass switching back and forth during the day when working
I'm on here 95% of the time on my phone and I do a lot on the phone, but there are certain things that the laptop is just better.Gottcha...I thought you might be one of those guys who do everything on their phone....In my case my phone is 9 years old and is useless as tits on a Bull other than looking at it when it rings to see who I'm not going to be talking to..
That is true, last year was an outlier of a year for returns and if you had your money in the right stocks would've crushed the index. That doesn't happen all the time. Most FAs (what this thread is about) wouldn't have done a damn thing to position for the big breakout and would have kept you invested in funds. If your FA is different then please share with the OP.And you’d have underperformed by 1,000 basis points or more owning broad market index funds over the past 12 months.
It pays to know when you know. It makes sense to throw in the towel when you don’t.