Questions tagged [financial-advisor]

For questions related to evaluating, choosing, and understanding a financial adviser. However, specific service recommendations are off-topic.

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Does 20/4/10 rule really exist when financing car?

I saw the video the other day and it has "To afford a car one needs to have 20/4/10 rule". Do you need to put 20% down payment for 4 years and the payment shouldn't be more than 10% of your ...
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16 votes
3 answers
3k views

How should I choose a Financial Planner/Advisor?

I don’t feel like I know enough to put my money in the right places to make the most of it. I’d like to see a financial planner for help. I’ve searched on the Internet and there are several near me ...
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4 votes
3 answers
887 views

What is the difference between a 401k rollover vs IRA?

I have a Fidelity account for my older company's 401k plan which will expire soon. They told me if I don't do anything, it will convert into an IRA automatically. Alternatively I can make a rollover ...
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-2 votes
1 answer
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Is a trade done in forex when (Ask price = 1) < (Bid price = 2)? and in which price?

In forex market, in a normal mode when Ask = Bid, trade is done. And If Ask = 2 (the lowest price by sellers) > Bid = 1 (the highest price by buyers), so the market is not liquid and no trade would ...
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1 vote
1 answer
62 views

Going from self employment to being an employee

Is there a way to determine what my take home pay needs to be in order to start working for a company, whether it is hourly or salary? I am located in NW WA state and have been self employed since ...
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12 votes
9 answers
4k views

My ignorance keeps me awake at night (specifics below) [closed]

I feel like a financial idiot, and I'm worried that I might be overlooking opportunities and making big mistakes that I will regret later. So, I'm looking for a sanity check on my finances from people ...
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0 votes
1 answer
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What should i get first debt consolidation, house or car first? [closed]

I'm an 31yo above minimum wage worker with a little over $5k in debt from credit cards with various interests, with a credit score of 617, stocks ETFs and REITs with dividends, stable cryptocurrency ...
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2 votes
0 answers
77 views

Consolidate wealth management / advisors or use multiple?

About 10 years ago, my parents organised a joint account with a financial advisor for me and my sisters, and it was seeded with a lump sum that we all inherited. The advisor is a large "wealth/...
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0 votes
2 answers
138 views

Can I use my brokerage accounts and trading as my job evidence?

I live in the US and have some brokerage accounts and I have income from trading online. I also don't have another job. Can I use my income and trading history when I want to apply for a loan or ...
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27 votes
8 answers
6k views

Professionals who provide the same services as Mint; i.e. personal expense tracking & analysis?

Not long ago I went to a financial advisor/money manager for a discussion of all (I mean all) my finances and was needing some analytics in the short term to decide what smart actions to take for the ...
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1 vote
0 answers
36 views

Fiduciary Responsibility of an RIA

I'm currently an investment advisor with my own RIA sand I was approached by a company to do live streams talking about trade ideas and investments. They charge a subscription to their viewers and I ...
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1 vote
1 answer
248 views

Equitable: financial advice out of blue

I was approached out of the blue by a financial advisor from Equitable. He told me that the people from the company referred me and that they provide free financial advice and services because they ...
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0 votes
2 answers
233 views

Help needed to deal with personal financial condition [closed]

Would like to discuss my financial condition here so that you guys can share your thoughts. TLDR :). There are some details related to family as well, which I think is important while taking financial ...
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1 vote
0 answers
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Financial Plan: Monthly changing MRR

Not sure if this is the correct subforum of StackOverflow, but let's give it a try. I'm currently creating a financial model for a startup, and the monthly recuring revenue per customer changes ...
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2 votes
2 answers
157 views

Is there a place where I can see the performance over different years of Motley Fool's Stock Advisor?

I am considering subscribing to the Motley Fool Stock Advisor. All the reviews on them underline how rich one would be today had one followed their advice in 2002. That's impressive but not very ...
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0 votes
1 answer
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Finding an independant mortgage consultant

I would like to find someone who is knowledgeable about the mortgage industry and regulations has no incentive to try to sell me a mortgage Most mortgage brokers are ruled out by the second point ...
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1 vote
1 answer
61 views

The term "debt financed" as a source of payment for doing the Acquisition, is it?

I have a question for word phrase "debt financed" in Acquisitions but for my best understanding, I would like to ask a question on random example: Let's say we have three companies: CompanyA,...
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34 votes
12 answers
9k views

How can I break the cycle of taking on more debt to pay the rates for debt I already have?

I'm 30, married, and have a 1.5-year-old daughter. My monthly on-hand income is 71,000 ₹ (INR). These are my monthly expenses: Home loan: 18,428 (Loan amount: 18,50,000. Number of EMI pending: 150. ...
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5 votes
2 answers
432 views

I just sold my house and now have 200k+ in the bank. Should I invest it all in an ETF?

I just sold my house and now have 200k+ in the bank. I don't want the stress of owning a property right now, but I know it would be a bad idea to just let this sit in my bank account while inflation ...
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0 votes
2 answers
48 views

the impact of drop in oil prices financial markets performance and prospects? [closed]

Supporting that there is a correlation between oil prices and stock market. What could be the implications of low oil prices on the financial markets performance and prospects?
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1 vote
2 answers
186 views

Is there any problem in having 0 cash in your brokerage account?

Let's say that you have a brokerage account with $10000 and you want to invest that money in some financial product. Is there any problem in investing the whole $10000? I mean, is the ongoing charge (...
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1 vote
1 answer
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How much does a financial advisor charge in NRW, Germany?

I am 24 yrs old, software engineer working in Germany. I was able to save major chunk of my earnings and i am interested in investing the savings. I am interested in Real estate along with certain ETF'...
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1 vote
2 answers
2k views

35 years old and I inherited 200k. What should I do?

I’m 35 years old with no children. My grandmother left me $200k and I’m not sure what are the best steps to take. Do I stay with my bank? Should I get an accountant or financial advisor? I want to ...
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8 votes
1 answer
1k views

Mortgage brokers - should I expect to get a better deal than I can find myself?

Since I am currently looking into potentially buying my first house, when asked by an estate agent (with whom I had just viewed a house) whether I would be interested in talking to their mortgage ...
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19 votes
6 answers
8k views

Is Saikyo Sakura Assets Holding a legit company?

Today I got a cold call from an alleged representative of Saikyo Sakura Assets offering me a trading opportunity. At first I was very skeptical as this raised several red flags, but I am also ...
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1 vote
1 answer
122 views

Liability for poor investment advice?

[Country is South Africa but I am also interested in this in the context of the U.S. / Europe] A good friend of mine has trusted a wealth manager with her sizeable portfolio for the last 6 years. Her ...
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4 votes
2 answers
160 views

Social security credits. Receive 40th credit in February

I’m 70 now and have 35 credits. My son is going to pay me $5500 from his business this month which I will pay into social security and receive 4 credits for 2019, giving me 39. In January of 2020 ...
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1 vote
1 answer
78 views

How to make strategy for diversification between real estate and stocks?

I am living in tier 2 city in India and my father have all investments in real estate in my city. He had brought land earlier(20-25 years ago) when the prices were pretty low. It has given so much ...
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1 vote
1 answer
252 views

How can I be sure if my grandfather's money is safe?

Years ago, my grandfather sold an old apartment and opened an investment account with a financial advisor he knew from his neighbourhood. The financial advisor works with a broker and my grandfather ...
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0 votes
0 answers
67 views

Global FPSB not to renew its licensing agreement with FPSB India what does it mean for the current & future CFP aspirants

Global FPSB has decided not to renew its licensing agreement with FPSB India. Reference link The agreement between FPSB and FPSB India expires on March 31, 2020. I plan to become a Registered ...
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2 votes
0 answers
85 views

Canadian nomad, USD earnings - how to invest/preserve currency

I'm a Canadian tax resident who moves around a lot. Exchanging currency stresses me out so much if I think about it that I basically have just decided to accept volatility. I work online, and am paid ...
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0 votes
2 answers
1k views

Does Motley Fool offer investment management services?

Does Motley fool do any investing on someone's behalf based on their recommendations? Can investing be done by someone on their website based on their recommendations?
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1 vote
3 answers
558 views

Financial advice needed, my new used car needs a new engine

I bought my car in January 2018, financed $10,300. Today I took it in for an oil change and mysterious ticking; the dealership called and said the ticking was an engine problem. The car is not safe to ...
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1 vote
0 answers
202 views

What were quarterly values of the MSCI "WMA Private Investor Income Index" (TR) for the last 5-6 years?

In the UK, the WMA indices are quite popular with "wealth management" types for benchmarking performance of clients' multi-asset portfolios. I'm interested in finding the historic values of the WMA ...
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3 votes
2 answers
105 views

what is the value of hiring a financial consultant?

Several postings on this forum and many other online resources seem to indicate that there may be some value in hiring a financial consultant to help manage our personal finances, with the intent that ...
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2 votes
1 answer
158 views

Bank is not depositing my new account promotion bonus [closed]

I opened a bank account in response to a promotion in a big bank. Originally it was saying if I keep my money (50K) for 60 days, I get $600. The agent at the branch didn't say anything more. Then they ...
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  • 435
1 vote
3 answers
457 views

Long Term Stock Investment and Compounding

I have a query that's been bugging me. I have been investing in the UK stock market + funds for around a year now. Current Investments - Retirement Fund - FTSE index Fund - Managed Accumulation ...
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0 votes
1 answer
123 views

Best financial model to proportionally distribute the company's income to all employees? [closed]

I plan to start a project of something "innovative". And among some of the parts of the project that I'm thinking about, it's in the term of how money (profits) should be distributed. The truth is, I ...
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2 votes
0 answers
53 views

Advice for finding a qualified accountant for grad student & real estate tax and financial planning

I'm a bit worried about getting bad tax advice this year for a number of reasons. I just started a PhD program this fall, which meant a number of big changes for me: I had to sell my house and move ...
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0 votes
1 answer
1k views

Meaning of "rat race" in the book of Rich Dad Poor Dad? [closed]

I want know what exactly rat race is and why most of the people fall into that trap?
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3 votes
1 answer
370 views

Insurance Producers and Church Tithe

Getting ready to sit for my examinations and these questions popped into my head. Curious about the nuances of illegal inducement in these circumstances. I know there are issues with gifts greater ...
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0 votes
3 answers
171 views

Considering leverage [closed]

I started investing two years ago. Currently my situation is as follows: I earn 1700 € per month and manage to save 1200. To be Conservative and as rents are going up in my country, we can assume ...
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26 votes
8 answers
6k views

Fee-only financial advice vs. asset management (which includes advice)?

My wife and I are looking for a financial advisor. I am 52 and she is 48. We have a million plus in assets, with most of that in 401k... about 500,000 in a brokerage account. We have found a ...
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2 votes
4 answers
573 views

Should I get a financial advisor?

I am 21 years old and graduated from college and I obtained a decent job. I have read a lot about managing money, and I believe I could manage my own money by myself. I am interested in maybe going a ...
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2 votes
1 answer
193 views

Signing house over to next of kin

A friend has been considering signing her house off to her children (48 and 47 years old) but believes that there is an age limit which she has passed, supposedly 60 and she is now 70. Is this a real ...
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1 vote
0 answers
177 views

How to regain credit after two car voluntary repossesion, five credit cards amount to 10K?

What are the necessary steps to get back on the road to fixing a credit after not paying 10K worth of credit cards (behind 6 payments for 6 months) and two car voluntary repossession? This is after a ...
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3 votes
1 answer
159 views

Securities sold without either your or your financial advisor's permission

In the United States, if one of your securities gets sold off that you didn't want sold off, and your financial advisor says he's not the one who did it, but it was in fact one of his underlings, is ...
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19 votes
4 answers
4k views

How to be sure my advisor's insurance recommendations are good for me?

Recently, I've been in contact with my financial advisor who has been talking me through a few risk management strategies, as well as other short- and long-term financial goals for retirement, kid's ...
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  • 1,047
4 votes
3 answers
733 views

How do Financial advisors ( Wealth Management) make their commission?

My 401K is tied up through my Employer and through their financial institution. So your options are to buy what they are offering. Either I understood or not, i take what they are recommending. I ...
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2 votes
5 answers
1k views

$10,000 minimum fee for a financial advisor?

My wife & I have company pension plans which together have about 1 million in savings (thanks stock market). Since we're close to 60 years of age, retirement is approaching, and while we haven't ...
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