azgoldfin Archive

Upvotes	Title	Category	Author	Subreddit	Date (UTC)
82	New to Finance/Investing? Start educating yourself - Book List	Finance	azgoldfin	/r/TheRedPill	02/06/16 11:44 PM

Upvotes	Comment on	Subreddit	Date (UTC)
0	New to Finance/Investing? Start educating yourself - Book List No, it means I'm not here to argue with you like you clearly make a regular habit out of based on your post history. If you had any familiarity with the industry I work in and the compliance/regulatory BS I deal with constantly you would understand why I'm not exposing my name or credentials on reddit.	/r/TheRedPill	03/06/16 11:31 PM
1	New to Finance/Investing? Start educating yourself - Book List Where did I brag about a client that makes $100k/yr? That's not even that much money in my opinion much less something to brag about on behalf of a client. My AUM is substantial for the region/demographics I deal with but likely minuscule compared to some big city advisors. I imagine you're the type to read a book on basic healthcare concepts and then argue with your doctors recommendations because you're so much smarter and you read it in a book. Time to go find someone else to argue with on th…	/r/TheRedPill	03/06/16 11:08 PM
0	New to Finance/Investing? Start educating yourself - Book List Look in the mirror buddy. You're the one having trouble understanding the difference between academic theory and what actually makes sense in practice. I'm sure my book of clients would get a kick out of how unfortunate they are to have me as an advisor considering I get regular gratitude for making their lives easier and referrals of their friends and family members.	/r/TheRedPill	03/06/16 10:37 PM
0	New to Finance/Investing? Start educating yourself - Book List Well why don't you explain to me how that is the opposite of the efficient frontier? The goal of that theory is to minimize risk/volatility by combining multiple asset classes. It is the search for the optimal portfolio giving you the best returns for the least amount of risk possible. That doesn't mean you can't get better long term returns by assuming more risk. Simple as that. Myself and all my coworkers with 100+ years of combined experience would all disagree with you. The purpose of postin…	/r/TheRedPill	03/06/16 04:48 PM
3	New to Finance/Investing? Start educating yourself - Book List Well the reality is that over time everything is getting better. Just think where technology has taken us in the last 20 years and those increases keep coming exponentially faster. Things are always improving and our lives are getting easier. Did anyone think 20 years ago we would all be walking around with literally all the information in the world in our pockets? I'm sure there will be another crash at some point but I guarantee you don't know when it's going to happen. It still makes sense to…	/r/TheRedPill	03/06/16 04:27 PM
2	New to Finance/Investing? Start educating yourself - Book List The concepts covered in those books will apply to investing in Europe as well. The only difference will be the account types used in Europe and using European exchanges.	/r/TheRedPill	03/06/16 04:14 PM
2	New to Finance/Investing? Start educating yourself - Book List From the description I read it sounds like it covers some solid financial topics but is likely fairly broad. Keep reading, educating yourself and don't wait to start investing small amounts within your budget. The most important part of investing is how much time you give it to work for you.	/r/TheRedPill	03/06/16 04:12 PM
2	New to Finance/Investing? Start educating yourself - Book List The earlier you start to put small amounts of money away for retirement the better long term results you will see. Don't wait too long even if it's only $50/mo at first. Then increase that to 100, 200, 500. Think about your monthly investments like a bill. You aren't going to skip your phone bill or utilities so do the same with your investments. Keep doing that over a long period of time and you will retire rich.	/r/TheRedPill	03/06/16 04:07 PM
2	New to Finance/Investing? Start educating yourself - Book List Investing and gambling are not comparable. I advocate for most here who have a long time before retirement to consistently put away a small amount of money over a long period of time. Investing in your own business is a smart thing to do, but once you have an established cash flow from that business diversify and invest elsewhere towards retirement. Even business owners want to retire someday and having a liquid backup plan in case you can't cash out of your business is a smart thing to do. Qual…	/r/TheRedPill	03/06/16 06:28 AM
1	New to Finance/Investing? Start educating yourself - Book List The example I gave is meant to keep it simple so people new to finance can understand it. Regardless, even if you're dealing with multiple bond issues with varying maturities the same thing is still happening but on more frequent basis. The efficient frontier is a concept in modern portfolio theory. At the end of the post I stated that you can add bonds to a portfolio for balance and to minimize volatility if you desire. This is essentially along the lines of efficient frontier. Every single one…	/r/TheRedPill	03/06/16 05:58 AM
1	New to Finance/Investing? Start educating yourself - Book List The academic version has always been and will always be that you should have more and more bonds as you approach and enter retirement years because they are "safe". In theory this will provide you the fixed income you need to retire. The reality is that inflation and additional medical expenses will likely mean that you need a rising income to keep up with your lifestyle. What I plan to do for my retirement income is stay invested in equities, continue to reinvest all dividends and capital gains…	/r/TheRedPill	03/06/16 01:34 AM
2	New Finance Flair Put together a book list I just posted within the new finance flair.	/r/TheRedPill	02/06/16 11:48 PM
2	New Finance Flair Sorry for the delayed response, just saw your question. I'm sure you are right that the just want to see if you are smart and trainable. A lot of hedge funds/investment banks end up hiring people with no finance/economics background. The want some one who is confident in their abilities, eager to learn and trainable. I would look up some articles on Point 72 hiring. They are a massive hedge fund I've seen a few articles on recently in regards to their search for talent. I'm sure you'll find some…	/r/TheRedPill	02/06/16 04:55 PM
2	New Finance Flair ETF's are pushed by the fund companies that create them because that's their business. The more investors they get to buy into their ETF's the more they make from fees. ETF's do have much lower fees than mutual funds but they are also much much cheaper for the fund companies to run. They basically just create a basket of securities from one sector and then simply manage inflows/outflows of investors while collecting fees. They don't have to do any active management which is one of the highest ex…	/r/TheRedPill	02/06/16 04:41 PM
2	New Finance Flair Those are good funds. They don't address the lack of education or the fear/greed aspect most people will deal with as investors though. Again, what I was getting at was that picking quality investments is easy. Sticking to the plan and not panicking out when everything is on sale is what makes those quality investments work. If you jump in and out based on fear/greed you will still have poor performance in the end even if you have the best of funds. If you have the mental fortitude to pull that …	/r/TheRedPill	31/05/16 11:49 PM
1	New Finance Flair I would say more importantly find someone you can trust entirely and want to have a long term relationship with as your advisor. Whether you find that person through referrals of someone else you trust or through interviewing multiple advisors, what matters most is that you have someone you can trust regardless of what type of investment product they use. As an advisor, I offer both advisory accounts and the traditional commission based mutual funds. I would say to educate yourself on the differ…	/r/TheRedPill	31/05/16 11:22 PM
1	New Finance Flair Sorry for the delay responding over the holiday weekend. I’ll start with the question that has a very simple answer: I do have a fiduciary responsibility to my clients. While I do agree with you that you can take care of managing your own retirement/investments yourself, I completely disagree that the average person is capable of doing so after a “little research.” Think about the intelligence of the average person you encounter in daily life. I would argue most would have a hard time understand…	/r/TheRedPill	31/05/16 10:39 PM
9	New Finance Flair Been a red pill reader for over a year. This is a topic I can definitely contribute some value to. I went to school for finance, have small business experience and am a practicing financial advisor. Anything related to investments, money management, retirement planning, life insurance, speculation/trading or small business development I have good knowledge of. If there are any specific topics anyone would like covered, let me know.	/r/TheRedPill	26/05/16 07:05 PM