Life Financial Advisors

**BigRichard** · 04-13-2016, 02:07 PM

Never really used to have much money to give a shit about financial planning but now that I am starting to make some really good money and me and my wife's retirement accounts are starting to grow pretty large I thought I should start looking into what is best to do with our money.

Anyone ever been to a financial advisor? Any good ones to recommend here in Omaha? Are there better options then going to see one? How much do they usually charge? Any words of advice is greatly appreciated.

I did try soaking some of my money in antifreeze but it didn't help.

I will take the answer off the air.

kthnxby

**ptlyon** · 04-13-2016, 02:11 PM

Send it to KChiefs1

**chiefforlife** · 04-13-2016, 02:14 PM

Any chance we could have this discussion in the open? I have Edward Jones and havent been to happy with them. Like to hear what others are doing...

**bevischief** · 04-13-2016, 02:14 PM

Fee based is the way to go.

**BigRichard** · 04-13-2016, 02:16 PM

Quote:

Originally Posted by chiefforlife

Any chance we could have this discussion in the open? I have Edward Jones and havent been to happy with them. Like to hear what others are doing...

I was joking about off the air.

**Perineum Ripper** · 04-13-2016, 02:22 PM

Hootie seems like he is good with other people's money

NJChiefsFan · 04-13-2016, 02:25 PM

Quote:

Originally Posted by mac459

Hootie seems like he is good with other people's money

BOOM!

I'm pretty sure the only thing you have to do is start referring to your savings as monies and you are good to go.

BlackHelicopters · 04-13-2016, 02:48 PM

Fee based, my friend.

Halfcan · 04-13-2016, 03:19 PM

I would suggest going to the public library and checking out all the education books and videos on Finance. Learn the basics on how the market works, basics on how to understand a companies financials-is it a good company to invest in? How interest works-the rule of 72. Get in the habit of reading the financial page- understanding the markets and commodities. It is your money so the more knowledge you have- the less risk of making bad investments.

or You can pay an Finance "expert" -they will show you some flip charts-highest fee investments first. Ask you about your "Risk Tolerance" - and then steer you to some mutual funds. Once a year you will get a statement.

Rasputin · 04-13-2016, 03:29 PM

Invest $$ into an ice-burg that is set sail to Ecuador to be sold as ice-cubes.

ThaVirus · 04-13-2016, 03:36 PM

Lewdog and Beuhler have both helped me out with finances. They're both very knowledgeable and eager to help on the subject.

**mikeyis4dcats.** · 04-13-2016, 03:52 PM

I believe they just finally passed regulation that will require financial advisors to act in the best interests of the client. yes, you read that right. Previously financial advisors had no fiduciary duty to their client.

**mikeyis4dcats.** · 04-13-2016, 03:54 PM

http://www.usatoday.com/story/money/...isor/82655312/

Halfcan · 04-13-2016, 04:03 PM

Quote:

Originally Posted by mikeyis4dcats.

I believe they just finally passed regulation that will require financial advisors to act in the best interests of the client. yes, you read that right. Previously financial advisors had no fiduciary duty to their client.

This.

**Buehler445** · 04-13-2016, 04:09 PM

If you start looking at guys, make sure to ask them what certifications they have.

CFP Certified Financial Planner. = Legit. It's hard as shit to get and the dudes that have it usually know their shit.

Series 7 = sometimes legit. They're a little tougher, but you can get one without much trouble. Don't go with anyone that doesn't have one.

Series 6 = probably a schmuck. A monkey could pass this. If all they have is a series 6 tell them to pound sand.

Also make them tell you how they are compensated. Everybody wants to sell you a life insurance policy because they get a big commission and a "renewal" every time you pay premium. That's typically where the money is but it may not be what's best for you. If they him haw around and don't want to tell you how they're paid, they're probably douches.

Thing about it is you can go to any college job fair and there will be a million companies trying to hire "financial planners". That says that the turnover is high, and they're just looking for warm bodies to sell products. That's not what I want in a professional that I take advice from.

As far as specific advice, it depends on what you are trying to get done. Just be weary of any "special products" they try to sell you on. Usually it's what nets them the highest commission.

04-13-2016, 02:07 PM
BigRichard Buddy Christ is a Chiefs fan Join Date: Nov 2008 Casino cash: $1839546	Financial Advisors Never really used to have much money to give a shit about financial planning but now that I am starting to make some really good money and me and my wife's retirement accounts are starting to grow pretty large I thought I should start looking into what is best to do with our money. Anyone ever been to a financial advisor? Any good ones to recommend here in Omaha? Are there better options then going to see one? How much do they usually charge? Any words of advice is greatly appreciated. I did try soaking some of my money in antifreeze but it didn't help. I will take the answer off the air. kthnxby
Posts: 10,398

04-13-2016, 02:11 PM	#2
ptlyon Bono & Grbac wasn't enough Join Date: Oct 2000 Location: Sioux City, IA Casino cash: $13053829	Send it to KChiefs1 __________________ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Advertise here: $19.99 a month
Posts: 33,614

04-13-2016, 02:14 PM	#3
chiefforlife Colorado Chief Fan Join Date: Feb 2006 Casino cash: $6233147	Any chance we could have this discussion in the open? I have Edward Jones and havent been to happy with them. Like to hear what others are doing...
Posts: 5,589

04-13-2016, 02:14 PM	#4
bevischief .... Join Date: Apr 2009 Location: Somewhere Kansas Casino cash: $8659352 VARSITY	Fee based is the way to go.
Posts: 27,731

04-13-2016, 02:22 PM	#6
Perineum Ripper Supporter Join Date: Jan 2014 Location: Missouri Casino cash: $1879542	Hootie seems like he is good with other people's money
Posts: 5,211

04-13-2016, 02:48 PM	#8
BlackHelicopters Spiraling down the Drain Join Date: Oct 2012 Location: Dante's Ninth Circle Casino cash: $2660588	Fee based, my friend. __________________ "We're both part of the same hypocrisy, Senator, but never think it applies to my family." "Fredo. You are my brother, and I love you. But never take sides against the Family again. Ever." 2019 Adopt a Chief - Travis Kelce #87
Posts: 31,677

04-13-2016, 03:19 PM	#9
Halfcan In Search of a Life Join Date: Aug 2005 Casino cash: $7327995	I would suggest going to the public library and checking out all the education books and videos on Finance. Learn the basics on how the market works, basics on how to understand a companies financials-is it a good company to invest in? How interest works-the rule of 72. Get in the habit of reading the financial page- understanding the markets and commodities. It is your money so the more knowledge you have- the less risk of making bad investments. or You can pay an Finance "expert" -they will show you some flip charts-highest fee investments first. Ask you about your "Risk Tolerance" - and then steer you to some mutual funds. Once a year you will get a statement.
Posts: 43,200

04-13-2016, 03:29 PM	#10
Rasputin Tip of the hat LIV Champs Join Date: Jun 2007 Location: ks Casino cash: $3445421	Invest $$ into an ice-burg that is set sail to Ecuador to be sold as ice-cubes. __________________ A Brave Man Once Requested Me To Answer Questions That Are Key 'Is It To Be Or Not To Be' And I Replied Oh Why Ask Me
Posts: 54,965

04-13-2016, 03:36 PM	#11
ThaVirus 20 Menthol KOOLs Join Date: Sep 2007 Casino cash: $2032369	Lewdog and Beuhler have both helped me out with finances. They're both very knowledgeable and eager to help on the subject.
Posts: 44,309

04-13-2016, 03:52 PM	#12
mikeyis4dcats. Scarlett Johansson's boytoy Join Date: Nov 2006 Casino cash: $9555998	I believe they just finally passed regulation that will require financial advisors to act in the best interests of the client. yes, you read that right. Previously financial advisors had no fiduciary duty to their client. __________________
Posts: 12,526

04-13-2016, 03:54 PM	#13
mikeyis4dcats. Scarlett Johansson's boytoy Join Date: Nov 2006 Casino cash: $9555998	http://www.usatoday.com/story/money/...isor/82655312/ __________________
Posts: 12,526

04-13-2016, 04:09 PM	#15
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $2264734	If you start looking at guys, make sure to ask them what certifications they have. CFP Certified Financial Planner. = Legit. It's hard as shit to get and the dudes that have it usually know their shit. Series 7 = sometimes legit. They're a little tougher, but you can get one without much trouble. Don't go with anyone that doesn't have one. Series 6 = probably a schmuck. A monkey could pass this. If all they have is a series 6 tell them to pound sand. Also make them tell you how they are compensated. Everybody wants to sell you a life insurance policy because they get a big commission and a "renewal" every time you pay premium. That's typically where the money is but it may not be what's best for you. If they him haw around and don't want to tell you how they're paid, they're probably douches. Thing about it is you can go to any college job fair and there will be a million companies trying to hire "financial planners". That says that the turnover is high, and they're just looking for warm bodies to sell products. That's not what I want in a professional that I take advice from. As far as specific advice, it depends on what you are trying to get done. Just be weary of any "special products" they try to sell you on. Usually it's what nets them the highest commission.
Posts: 56,802