Tag: financial advice
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How to start investing
You overheard a convo at the canteen. “Bro, did you buy the dip?” Or maybe at CNY: “Ah boy ah, what are you investing in?” And you’re too embarrassed to admit that you don’t know what they’re talking about. I get it. Investing is scary and confusing. There are so many choices, warnings, and advice…
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AI made me a retirement plan…with some problems
I asked AI if it could make me a retirement plan. Gemini concluded I could retire at 65 with $8560 a month. Was it right? The starting line I gave it an age of 31, a starting amount of $100k, a monthly contribution of $500, and a retirement age of 65. Oh, and I told…
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What do financial advisors do for you?
Investing is solved. Low cost, globally diversified index funds can meet the investing needs of the general public. If you’re not a member of the 1%, what could financial advisors offer you? A great question, and one that isn’t just a flat rejection of financial advisory. Yes, I would recommend treating what financial advisors say…
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Investing mistakes that financial advisors/RMs make
Your financial advisor/RM is likely making investment mistakes. This is not because they are malicious. Rather, it is because they truly believe in their (misguided) advice. They are also influenced by their incentive structure, which is simple: Sell. No sales = no income. If you want to put food on the table, you have to…
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Is “VWRA and chill” good advice?
VWRA is a splendid way to invest. It is extremely diversified. It is very low-cost. It is set-it-and-forget-it material. It is advice that gives you the best outcomes. Historically speaking, a 100% equity portfolio is the best strategy for retirees. So “VWRA and chill” is good advice, right? Financial advice isn’t so simple It involves…