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I always appreciate your responses and listen closely. Regarding prpfx you said, "its still a good fund for protecting your assets and you will never be devatstated by any event but it was never designed as a growth fund".
Can you tell me how you feel about Vanguard's VTSAX and VTIAX? How bad can VTSAX be hit in a big market correction?
any income can be considered but i would figure it as a bucket 2 item. why? because if you lose a tenant or have to evict a dead beat the income can be questionable .
i like bucket one to be based only on safe,secure,consistant income as that is for the near term spending..
The problem with searching for CFAs and contacting them is the vast majority of CFAs work as backroom-type analysts in specialized, institutional firms - not as retail advisors. Their experience with personal finance matters is surprisingly limited.
To the OP, consider searching for a fee-only RIA (Registered Inv. Adviser). Most of these guys are not affiliated with any particular funds (just an account custodian) and don't accept commissions. Find a few firm names, then go to IAPD - Investment Adviser Public Disclosure - Sitemap and search for them. View their summary, then look on the left-hand column for their "ADV Part 2 Brochures." This document will explain in plain english what they do, how they manage, what they charge, any disciplinary actions, etc.
For instance, CaptainNJ, according to the firm you mentioned's ADV, they manage roughly $1.4 billion and charge a combination of fees and commissions, mostly in the 1.00-1.50% range for both (per year and per transaction, respectively). They are also a principal broker for their own advisory clients, which requires a conflict of interest disclosure.
its okay , i don't mind the questions. it may be a question someone else has anyway. just keep in my mind the answers are only my opinion and as of right now i am no pro nor even allowed to give investment advice.
Very gray area.... it is not just based on getting paid. anyone can sue anybody for anything. the last thing you want to do is have to pay a lawyer because you gave someone financial advice and they got burned. whether the case has merit or not doesn't ease the grief and expenses .
it is best to keep the advice to the public at large and not get involved with specific one on one individual cases.
Last edited by mathjak107; 03-26-2013 at 02:27 PM..
Well if anyone is going to sue MathJak you know right from the beginning he has $5500!
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