Comment on Just think about it
Joncash2@lemmy.ml 1 day agoThat’s a lot of writing to admit you have no idea what the meaning behind the words I said. Look if you can’t even understand the basics taught in the series 7, you are the target for the rich.
Dasus@lemmy.world 1 day ago
You’re just afraid to argue this because you know I’m right.
It’s beyond trivial to get a ~100k yearly roi on 100 million.
Joncash2@lemmy.ml 1 day ago
It’s really not. Which is why there are laws around accredited investing and why agents have to learn the Series 7 and follow Finra rules. But if you literally don’t understand anything I said, it’s obvious why you think it’s magic.
Lets put your hypocrisy in a different light. If all jobs require skill, then the job of a financial advisor requires skill because it’s trivial to make 100k from 10 million? It’s as if your trying to argue that there IS unskilled labor and we should complain about them.
Dasus@lemmy.world 1 day ago
Nothing magical about earning money.
It’s beyond trivial.
You should never hire a financial advisor. That’s like going to see a chiropractor for back pain. What one needs is a fiduciary. And hiring one when you’ve a 100 million is beyond trivial. And a fiduciary making 100k with a 100 million is beyond trivial.
Joncash2@lemmy.ml 1 day ago
Oh dear lord. A fiduciary is a financial advisor. In fact it’s the purpose of the Series 7 to make sure they’re one and the same. Here’s an article on it.
…smartasset.com/fiduciary-costs-benefits-sem1/
Like I said, if you don’t even understand what I’m saying, it’s not a surprise you’re as ignorant as you are.