If I had 365 million dollars, the last people on earth that I would talk
to
would be tax attorneys or "investment advisors".

You wouldn't have to go talk to tax attorneys. They'd come
to you!

"Skipper" wrote
You'd dismiss *all* investment advisors?


RCE wrote:
All except one.


Now I'm curious. Which one?

Investing savings since 1976, I've had dealings with most of
the big brokerage houses and come to the conclusion that
about 75% of investment advisors are hucksters & shucksters.
And of course, there's always Sturgeon's Law. My eyes were
really opened by the Crash of '87.

DSK

On Sun, 19 Feb 2006 10:22:35 -0500, DSK wrote:


Now I'm curious. Which one?

I'm guessing, but probably the same one you would keep. The wife.

DSK wrote:
Now I'm curious. Which one?


thunder wrote:
I'm guessing, but probably the same one you would keep. The wife.

Not hardly. My wife is very smart about many things, and
shrewd about household money, but she is terrible at
investing & has no patience for learning the basics.

Regards
Doug King

On Sun, 19 Feb 2006 10:35:31 -0500, DSK wrote:

DSK wrote:
Now I'm curious. Which one?


thunder wrote:
I'm guessing, but probably the same one you would keep. The wife.

Not hardly. My wife is very smart about many things, and shrewd about
household money, but she is terrible at investing & has no patience for
learning the basics.

That may be, but would you "dismiss" her? ;-)

"DSK" wrote in message
.. .


RCE wrote:
All except one.


Now I'm curious. Which one?

Investing savings since 1976, I've had dealings with most of the big
brokerage houses and come to the conclusion that about 75% of investment
advisors are hucksters & shucksters. And of course, there's always
Sturgeon's Law. My eyes were really opened by the Crash of '87.

DSK


It's your money. You earned it. You take care of it. The last thing in
the world you want to do is trade your retirement years for a new career of
sleepless nights worrying about your investments. The lawyers and advisors
aren't going to lose any sleep. Their worst case reaction is "oops, sorry
about that" because you are just one of many that they earn their fees or
commissions from.

Contrary to some of the jokesters in rec.boats, I am not fabulously wealthy.
I did get lucky and was able to convert many years of work into a reward
that put financial worries in the back seat, for the most part.
We put enough money aside in very conservative, long term savings type
investments that will take care of our needs when we are too old to mess
around. We also made some real estate investments that have already
produced decent returns. We actively support some charitable organizations
that have special meaning to us and take advantage of the tax write-offs.
And last, but not least, we budgeted some fun money to enjoy during the
last 15 or 20 years (hopefully) of our active and healthy time on this
planet.

Life is too short to spend it worrying about money.

RCE