• 4 Posts
  • 317 Comments
Joined 2 years ago
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Cake day: June 30th, 2023

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  • I think you missed three facts that I keep trying to hammer home.

    1. I genuinely don’t care enough to do research and spend time watching the markets. I’m fortunate to have more money than time these days so $750 is worth vastly less than me doing it myself.
    2. It’s safer. This is a huge % of my life savings were talking about. I don’t trust myself to do it.
    3. I don’t care. At all. In any capacity.


  • THEY want to make money

    Yes, but they make money when I make money. I pay like $750 per year to keep my account open, but other than that he only takes a percentage of my monthly gains. The more money he makes me, the more money he gets from me.

    And yes of course I could do enough research to match or very them in gains and I could spend enough time watching the markets to make sure I am making sound decisions. Or I could just pay someone a few hundred bucks a month to do it for me. I know what decision I chose.


  • So I do actually have a high interest account from Capital One it’s very nice. But yeah there’s a bunch of rules like minimum monthly deposits and it takes up to 5 business days to transfer money out of it. And because y’all are assuming, I also have a 401k and HSA maxed out, and a Roth IRA I put some money in each month.

    But yeah I intentionally left out a lot because I am not a financial expert, which is the reason why I went with a broker anyways. But here are the answers for your questions

    • I have a broker through JP Morgan. I don’t know the guy and don’t talk to him outside of the once a month he calls me to update me on what’s going on.
    • I don’t know what stocks he is trading and I don’t care. Every once and a while I’ll ask him to invest in something I think would be good like Nvidia or AMD but by the time I hear about something he already moved money around
    • Of course he is working for the company and not me. I am not that wealthy haha
    • He consistently makes me 4-6% gains which is plenty for me.

  • Hi so I am actually maxing out a 401k and HSA, I have a IRA too but I only put a little bit into it. I also have a high interest savings account which is very nice.

    But this is my long term savings and retirement. I don’t trust myself enough for that and I’ve made 4-6% gains consistently since I started. Significantly better than I would be able to do (I know because I’ve tried with smaller amounts) plus I don’t have to worry or think about it.