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Viewing profile - Khamul01

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Khamul01
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Joined: Tue Oct 09, 2012 12:20 pm
Last visited: Tue Jan 22, 2013 3:01 pm
Total posts: 10
[0.01% of all posts / 0.01 posts per day]
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Most active forum: Personal Finance
[ 10 Posts / 100.00% of user’s posts ]
Most active topic: Fee Only Advisor Question
[ 5 Posts / 50.00% of user’s posts ]

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Khamul01 Posts

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 Forum: Personal Finance   Topic: Is the economy turning?

 Post subject: Re: Is the economy turning?
Posted: Tue Nov 20, 2012 3:46 pm 

Replies: 46
Views: 7923


I agree there's lots of fluff in there, but a couple of points; 1 - wealth is related to how well you utilize your resources and turn them into things you want. In a nutshell, I'm wealthier than most anyone from the 3rd century because I have an iPad, cheap food, and can heat my house by pushing a b...

 Forum: Personal Finance   Topic: Fee Only Advisor Question

Posted: Tue Nov 13, 2012 11:36 pm 

Replies: 37
Views: 6711


Very helpful comments, a couple of things crystallizing for me now. I do agree it's important to get some help with this, I ask on the internet to help prepare myself for it - and i get the impression that a few of you are info junkies that have stewed over these topics many times. The thing that ca...

 Forum: Personal Finance   Topic: Fee Only Advisor Question

Posted: Tue Nov 13, 2012 12:18 pm 

Replies: 37
Views: 6711


Your parents would be a prime target for any bank's investment management services. Whether they would be BEST SERVED by a non-independent IMS, is another matter. It isn't easy finding a good independent CFP. So it is very tempting to take the easy way out and use a recognizable institutional name....

 Forum: Personal Finance   Topic: Fee Only Advisor Question

Posted: Tue Nov 13, 2012 12:11 pm 

Replies: 37
Views: 6711


Most people with "new" money have no idea how much service you can buy for $15M. Believe me, that's a whole new world of service available, but most FinInsts don't go out of their way to let you know about those details, because that would mean spending time to earn the money they charge ...

 Forum: Personal Finance   Topic: Fee Only Advisor Question

Posted: Tue Nov 13, 2012 12:08 pm 

Replies: 37
Views: 6711


I suppose my question is about the reputation of these groups, things to look out for, and what the specific advantages are of working with them. Do they, for example, have access to special funds, or is it primarily their expertise, attention, and custom solutions? How does a private bank differ f...

 Forum: Personal Finance   Topic: Fee Only Advisor Question

Posted: Mon Nov 12, 2012 11:42 am 

Replies: 37
Views: 6711


This is an old thread, but I found it very interesting that Northern Trust and JPM were specifically mentioned as private banks of note. Due to a recent business sale, we've had a significant windfall, my parents especially (>$20MM), and they've been looking for advisers to help with a broad range o...

 Forum: Personal Finance   Topic: Another windfall question

Posted: Wed Oct 10, 2012 9:50 am 

Replies: 20
Views: 2786


Thanks to all for the great infos. Here's what I'm getting from this in summary; - Park the $$ for a while first. 2 year CD was mentioned, as was multiple money markets. I'm partial to the former, since it would require less management, though might go for less than 2 years - will check rates. - Lif...

 Forum: Personal Finance   Topic: Another windfall question

Posted: Tue Oct 09, 2012 3:28 pm 

Replies: 20
Views: 2786


Good points, especially re: the will (its been on the list and we just never do it). I'm definitely not complaining, but I feel a lot of pressure not to screw up. I think the impression she has is that there are no investments that will be safe, so might as well put it all into the house. I've menti...

 Forum: Personal Finance   Topic: Another windfall question

 Post subject: Another windfall question
Posted: Tue Oct 09, 2012 12:57 pm 

Replies: 20
Views: 2786


I'll try to give as much info as I can, but generally would like some advice on the first few steps after a significant (to me) windfall. I am negotiating the sale of a small% of a very large privately owned company, final take after cap gains ~$1.3M. Currently have a home ~$800k value, $450k equity...
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