The Psychic Observer 495 Posted Friday at 02:50 PM 3 minutes ago, Horseman said: I'm interested in what Psychic Investing calls a "diversified estate" if you're willing to share. What else besides 100% cash in your 401k? High net worth individuals have more than just a 401k. Real Estate, brokerage accounts, crypto wallets, IRAs, pensions, annuities, physical assets like metals. There may be more. Share this post Link to post Share on other sites
jbycho 579 Posted Friday at 02:51 PM 1 minute ago, The Psychic Observer said: Yes this was reported last week. It's happening. Walmart CEO told Trump shelves are thinning out. Yeah. All my investments are way up. I'm loving this "recession". 1 Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 03:04 PM 11 minutes ago, jbycho said: Yeah. All my investments are way up. I'm loving this "recession". What are you invested in? Share this post Link to post Share on other sites
jbycho 579 Posted Friday at 03:06 PM 1 minute ago, The Psychic Observer said: What are you invested in? My investments. WTF? Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 03:08 PM 2 minutes ago, jbycho said: My investments. WTF? You want share what you're invested in? Telling. Share this post Link to post Share on other sites
jbycho 579 Posted Friday at 03:11 PM Just now, The Psychic Observer said: You want share what you're invested in? Telling. Who the fock posts their financial portfolio online unless they are poor and have nothing else in life? Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 03:17 PM 5 minutes ago, jbycho said: Who the fock posts their financial portfolio online unless they are poor and have nothing else in life? On 4/11/2025 at 8:02 PM, Horseman said: My company provided me with a financial advisor for many years before I retired. I decided not to use them when I did retired because they started pushing their product, they all have one, when they knew I was going to leave the company. Plus if you'd read the book I suggested you'd learn a couple things: 1 - A financial firm and their suite of managed funds do NOT beat regular index funds 80% of the time. And the ones that beat it last year won't beat it this year, historically. Your chances of teaming up with the next Warren Buffet is very very very unlikely. 2 - The one thing you have absolute full control of is expenses. It's not worth paying 0.5 to 1.5% off the top to a firm that is highly unlikely to beat say the S&P Index. Your best friend is low cost index mutual funds or etfs. Fidelity actually has a set of ZERO cost mutual funds (they did that in order to compete with Vanguard, the invenors of the low cost index funds). I have all my retirement accounts at Fidelity and my banking, brokerage and IRA accounts are at Bank of America where I am a Diamond Plus member. When I had a free financial advisor they were helpful reviewing my stuff, telling me if my interpretation of the rules were correct or not and fixing tax problems. My advise is they might be worth a set fee to do that kind of stuff for you, but, not to do the actual investing at a percentage. Just read the book and follow the blueprint. I would have kept my guy on for a few thousand a year, but, I didn't want the sales pitch from him every time we met. Hope that helps. 1 Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 06:05 PM 3 hours ago, The Psychic Observer said: High net worth individuals have more than just a 401k. Real Estate, brokerage accounts, crypto wallets, IRAs, pensions, annuities, physical assets like metals. There may be more. Percentages please. Useless to see if you're well diversified without percentages. Wasn't looking for a list of possible investments. Do you need an example? Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 06:07 PM 2 hours ago, The Psychic Observer said: That's not a portfolio. That's some investing advise. . I'll post my portfolio if you want. I dont care. I'm just trying to get out of you what you think a "diversified estate" is. So far you don't seem to understand the ask. 1 Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 06:18 PM 3 hours ago, The Psychic Observer said: High net worth individuals have more than just a 401k. Real Estate, brokerage accounts, crypto wallets, IRAs, pensions, annuities, physical assets like metals. There may be more. You're also mixing together investments and investment vehicles. Real Estate and crypto are investments. IRAs and brokerage accounts are investment vehicles where you might own real estate or crypto. I am interested in what other vehicles you own since you were completely lost with using Roth accounts, but, let's keep it simple. Just post your asset allocation that make you a "diversified estate" because owning different vehicles doesn't make you diversified. Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 06:25 PM 19 minutes ago, Horseman said: Percentages please. Useless to see if you're well diversified without percentages. Wasn't looking for a list of possible investments. Do you need an example? Yes please Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 06:50 PM 22 minutes ago, The Psychic Observer said: Yes please How can you possibly think you're diversified if you don't even know what your asset allocation is? Share this post Link to post Share on other sites
jbycho 579 Posted Friday at 06:54 PM 3 hours ago, The Psychic Observer said: Nothing in that is a portfolio. Are you this stupid? No wonder why you are broke. Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 06:57 PM 1 minute ago, jbycho said: Nothing in that is a portfolio. Are you this stupid? He thinks having a 401k and an IRA makes you diversified. Share this post Link to post Share on other sites
jbycho 579 Posted Friday at 07:02 PM 3 minutes ago, Horseman said: He thinks having a 401k and an IRA makes you diversified. I bet he doesn't even have that. Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 08:01 PM 58 minutes ago, jbycho said: I bet he doesn't even have that. All my investments are way up. Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 08:35 PM 32 minutes ago, The Psychic Observer said: All my investments are way up. But you won't say what they are. Need help? I'll get you started: 90% Cash (401k) What else you got? Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 08:52 PM 17 minutes ago, Horseman said: But you won't say what they are. Need help? I'll get you started: 90% Cash (401k) What else you got? You're creepy. Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 09:01 PM 7 minutes ago, The Psychic Observer said: You're creepy. Just looking for a what a "diversified estate" is. You won't/can't say. You're FOS as usual. Share this post Link to post Share on other sites
The Psychic Observer 495 Posted Friday at 10:27 PM 1 hour ago, Horseman said: Just looking for a what a "diversified estate" is. You won't/can't say. You're FOS as usual. I already told you. You can ask chatgpt if you don't believe me. I'm out, creep. Share this post Link to post Share on other sites
Horseman 2,353 Posted Friday at 10:30 PM 3 minutes ago, The Psychic Observer said: I already told you. You can ask chatgpt if you don't believe me. I'm out, creep. How is chatgpt supposed to know YOUR asset allocation? Explains a lot of your dumbass posts though. Share this post Link to post Share on other sites
Reality 3,092 Posted Friday at 10:45 PM 13 minutes ago, Horseman said: How is chatgpt supposed to know YOUR asset allocation? Explains a lot of your dumbass posts though. You embarrassed gutter pretty bad in this thread but, he said he's out, please don't antagonize him. Him being 'out' is a massive dub for everybody here. 1 Share this post Link to post Share on other sites
iam90sbaby 2,472 Posted Friday at 10:52 PM 24 minutes ago, The Psychic Observer said: I already told you. You can ask chatgpt if you don't believe me. I'm out, creep. God damn horseman beat your ass in this thread how embarrassing for you 1 Share this post Link to post Share on other sites
