Comments (15)

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Oct 26, 2018

quit hogging the blunt man

    • 5
Oct 26, 2018

Why is it wack?

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Oct 26, 2018
Oct 26, 2018

I'm not in the industry so wondering what this graph is representing? What's 0.06% and 2.27% representing?

Oct 26, 2018

Passive is computer controlled, active is paying someone to do it. Basically saying, paying someone to do it for you yields significantly lower than having a Vanguard fund.

    • 1
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Oct 26, 2018

Some lawyers get rich by protecting rich people from other rich people

Oct 26, 2018

Ummm...people who do this, OP, are incredibly important to a well-functioning economy. They're allocating capital to the most efficient uses in the economy, which includes companies that need financing to grow.

Oct 26, 2018

I sat on the board of a smaller foundation, and we had to find out how to invest saved up capital (tens of millions. I shit you not, it had been sitting on a savings account up to that - for YEARS - as they had burned themselves 15 years ago on some shitty managed funds).

The process went like this: Hire a consultant, get told which investment firms to use -> contact firm, get in touch with a wealth manager -> Get pitched a couple of mediocre cookie-cutter fund.

You have to understand, the majority of the board consisted of absolutely clueless (financially speaking) people, who were more than willing to pay a nice fat premium for additional hand-holding and 24/7 support/availability.

I suspect this is rampant for similar entities, and is essentially how many people in the industry manage to stay alive (and thrive).

  • ij29824DE
  •  Oct 27, 2018

r/woosh

fucking moron

Nov 1, 2018

r/im14andthisisdeep/

WSO's COO (Chief Operating Orangutan) | My Linkedin

    • 2
Oct 27, 2018

No fucking way

Dec 11, 2018

Right. Wealth management companies earn this way. I recently joined Life Long Wealth Management Group as an intern.

Dec 11, 2018
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