31–40 of 187 posts
Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.
The cookie wall won't let me continue without agreeing to cookies. I can reject them in the Cookie Policy, but that too is protected behind the cookie wall. Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.
FIVE PERCENT FEES? After inflation that basically brings your ROI from holding risky equities down to savings account rates. She gets paid better than the world’s most successful hedge funds to be a glorified baby sitter to grownups? I picked the wrong career.
I imagine that’s the fee her firm takes, assuming she has some employees, a snazzy office etc there will be overheads out of that - but yeah, accountants do well.
The only way that paying someone 5% of assets / income just to avoid ruination can be a sound investment is if the person is utterly clueless about how money in general, and compound interest in particular, works.
The cookie wall won't let me continue without agreeing to cookies. I can reject them in the Cookie Policy, but that too is protected behind the cookie wall. Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.
These wall designs are really surprising; I would expect bad designs to come from difficulty of implementing data collection management, not the wall UX. Just imagine you're a user seeing this, do you not feel antagonized?
A long time ago, in a job (thankfully) far far away I had to have a fair bit of interaction with famous people. Some of them are crazy - one of the artists (now dead) demanded "more goat heads" on his project. This was an actual client request. I still do take pride in getting one of the most difficult clients in the roster to admit we did a "good job". Famous people can be weird, and some do really exist in their ow…
For fame and fortune as an artist, though, the chances of "making it" are so remote that the proportion of sober and rational people who choose to take the first steps down that path has to be rather low, and that of the ones that just keep going down the path even lower.
The US does a terrible job of inculcating basic financial literacy in the populace. The only way that paying someone 5% of assets / income just to avoid ruination can be a sound investment is if the person is utterly clueless about how money in general, and compound interest in particular, works.
Earlier quoted context omitted.
I would guess that those clients are young and with high income, so their net worth may not be that meaningful yet. Otherwise, they would be well-advised to fire their financial manager, take their million dollars and live somewhere less expensive.
That does not work, because you are out of work then. Nobody will meet you or call you out of the blue.
The cookie wall won't let me continue without agreeing to cookies. I can reject them in the Cookie Policy, but that too is protected behind the cookie wall. Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.