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I just pay a CFA to manage my funds. He charges me 1% annually, and that's what I netted in 2013 after fees/tax. It's mostly fixed income, technology, oil/gas
by newwb 12y ago
I just pay a CFA to manage my funds. He charges me 1% annually, and that's what I netted in 2013 after fees/tax. It's mostly fixed income, technology, oil/gas, REIT, type of investments in the stock market. I make occasional trades, but I don't do it full time.
Interesting because if it wasn't for 2008, I wouldn't be nearly as wealthy as I am now. I lost quite a bit of money in 2008, but also made more than double my money back as the market recovered. Which is why I don't worry too much when people warn of market crashes...if I could survive 2008, and come out on top, it doesn't seem like there is much to be afraid of. I could be wrong, but it doesn't appear that way.
- sixQuarks 12y agovery dangerous thinking. Seems like you lucked out. Don't expect 9+% returns forever. The last few years have been a tremendous bull market.
- newwb 12y agoJust curious about why you say this. I'm not saying you're wrong (because you aren't), but I would just like to know why you made this statement with conviction. I'm very aware something could happen, but I also experienced this in 2008. My 10+% returns have been on average since 2005. That's not to suggest or assume they will continue on this trend, but I am fairly confident that even in a recession or crash, the markets will eventually recover. I also keep on hand a decent amount of interest bearing cash to take advantage of these situations, and also protect from the downside. But like with any investment, there are risks.
- sixQuarks 12y agowell, perhaps you know something I don't know. If you've gotten consistent 10+% returns since 2005 without taking on huge risk, then more power to you. In any system, there are going to be outliers, perhaps you are one of them.