Anonymous wrote:
The stock market long term average gain is only 5% annually.. If you pay an advisor 1% of the entire value of your stock portfolio each and every year you'll retire with peanuts.

An advisor can easily make up that 1% difference through tax loss harvesting and regular portfolio balancing. Of course, you can do that too if you remember to check on this every week or so.. but that takes time and research time that not everyone has.

Just like mowing the lawn and auto maintenance. I'd rather spend that time with my family.

Please just do it yourself

No one cares about your money more than you do yourself. It's about your wealth, future and the security of your family. I pay my landscaper $50 to mow my lawn not 1% of my entire wealth annually.

The stock market long term average gain is only 5% annually.. If you pay an advisor 1% of the entire value of your stock portfolio each and every year you'll retire with peanuts.

In order to retire wealthy you must accumulate the entire compounded value of your investments.

Managing your own money is easier and safer than mowing your lawn and cleaner than changing your own oil.

Charging 1% or any percent of another person's entire wealth annually is robbery. Besides most financial consultants are kids just out of college following script.

You are smart - you can do this yourself. You'll be financial independent at sixty. Be able to provide for yourself and your children.

You'll be smarter and richer - and you'll be giving this same advise to a different young person thirty years from now.

You can do this!

Anonymous wrote:Please just do it yourself!

I know how to mow my own lawn, and change the oil in my car, yet I hire other people to do it. I must be an idiot!

Anonymous wrote:Anyone use Savant Capital? Experience?

Used them for a few years now. They're independent (not pushing their own funds) which was important to us. They seem fairly well organized, and since they are big, they can pull in the right resources to help with your needs.

Anyone use Savant Capital? Experience?

We use Thomas Lee in Rockville and have been satisfied. At this stage in our life we don’t have the time or desire to manage our investments ourselves so having an advisor works for us.

We use an advisor at Edelman in Bethesda, and are very happy with his services.

Me again - you were so nice I thought I'd add a couple more ideas about five years from now. I'm not HG Wells, so its anyone's guess.

There will be driverless cars - anyone can make them but who will make the IC Chips to make the cars work? They must be super fast and accurate. Won't give you the name but they make gaming chips at present.

There will also be a need for analog chips that translate electrical signals to mechanical movements. Who is the leader in that field.

We can now regulate heat, air conditioning, lighting and a wide variety of electrical devices in our homes. During the next five years remote nternet control will be built into every device imaginable.

Biomedical and gene splicing to attack cancers will be common place.

Some baby boomer will live to be 120. Where will they live and what will they do? What drugs and nutritional supplements will they take?

I have my thoughts on those subjects and when you think about it and research it you will too.

I'm not being coy - I just want you to own your own success.

I'm here to anonymously bounce ideas back and forth.

You can do this!

Just look at the stocks in each fund, don’t duplicate. Fun for me before I put it into real este was Motif.com, where you can pick from different groupings by theme.

Anonymous wrote:Please just do it yourself!

No one cares more about your money than you do yourself.

Do not wash your money through a financial advisor who has no greater awareness about finances than you do.

Open a brokerage account with Schwab or Fidelity. Start with index funds like Vanguard 500. Get the CNBC app. and the yahoo app is very good as well. Identify the areas of the economy that interest you.

You are a smart person. The market is your personal vehicle to great wealth but its interest and fun too. Use your imagination. What kind of products do you think will be popular five years from now.

I'm interested in electric vehicles and lithium batteries more so than Tesla. I'm also interested in Chinese companies that sell products to their large emerging class of consumers. Those truly are not my recommendations, just examples of why being is the stock market is fun for me.

Please just do it yourself!

You are smart - you can do this yourself!

Heeey, thanks! I think I need you as my life coach. Yeah, I think I can do it to, honestly. I appreciate the vote of confidence.

Anonymous wrote:We live in DC. Middle class. Two school age kids in public school. Property owner. Decent 401k. Some inheritance. We need help with planning and investing. Would love to find a smartDC-based financial advisor who can help us plan and invest. We may have our children attend private school for high school and want our situation to look most advantageous for possible tuition help.

Warren Buffet.

Amazing and free.

Please just do it yourself!

No one cares more about your money than you do yourself.

Do not wash your money through a financial advisor who has no greater awareness about finances than you do.

Open a brokerage account with Schwab or Fidelity. Start with index funds like Vanguard 500. Get the CNBC app. and the yahoo app is very good as well. Identify the areas of the economy that interest you.

You are a smart person. The market is your personal vehicle to great wealth but its interest and fun too. Use your imagination. What kind of products do you think will be popular five years from now.

I'm interested in electric vehicles and lithium batteries more so than Tesla. I'm also interested in Chinese companies that sell products to their large emerging class of consumers. Those truly are not my recommendations, just examples of why being is the stock market is fun for me.

Please just do it yourself!

You are smart - you can do this yourself!

Napfa.org to find a reputable flat fee based planner in your area.

Mark Cecil, Wealth Advisors Group, Bethesda, MD.

We live in DC. Middle class. Two school age kids in public school. Property owner. Decent 401k. Some inheritance. We need help with planning and investing. Would love to find a smartDC-based financial advisor who can help us plan and invest. We may have our children attend private school for high school and want our situation to look most advantageous for possible tuition help.