Money Investing megathread extravaganza - Page 172

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**Buehler445** · 12-26-2018, 10:44 PM

Quote:

Originally Posted by scho63

You enjoy this and give pretty solid advice. Ever think of taking CPA classes and hanging up a shingle on the weekends as a CFP?

FWIW, CPA and CFP have virtually nothing to do with each other.

CPA = Certified Public Accountant
CFP = Certified Financial Planner

The similarities end with requiring certification and continuing education, the similarities pretty much end there.

Becoming a full on CFP would be a massive undertaking. Meaning He would have to take a ****load of courses, the exam, and work under a CFP for a really long time.

This would be a full on career change.

That being said, many "financial planners" aren't certified. Most ****nuts Series 5, 6, or 7 certifications so they can sell bullshit ass products for bullshit ass companies.

I don't know if there are any other certifications out there, but I wouldn't recommend going the full CFP route.

https://www.cfp.net/become-a-cfp-pro...n-requirements

**lewdog** · 12-27-2018, 07:44 PM

Quote:

Originally Posted by Buehler445

FWIW, CPA and CFP have virtually nothing to do with each other.

CPA = Certified Public Accountant
CFP = Certified Financial Planner

The similarities end with requiring certification and continuing education, the similarities pretty much end there.

Becoming a full on CFP would be a massive undertaking. Meaning He would have to take a ****load of courses, the exam, and work under a CFP for a really long time.

This would be a full on career change.

That being said, many "financial planners" aren't certified. Most ****nuts Series 5, 6, or 7 certifications so they can sell bullshit ass products for bullshit ass companies.

I don't know if there are any other certifications out there, but I wouldn't recommend going the full CFP route.

https://www.cfp.net/become-a-cfp-pro...n-requirements

**** your man.

Crushing my dreams!

Yea, no more school for me ever. Spent too many years there to go back for anything.

Tornado · 12-27-2018, 07:51 PM

anyone buy weed?

ChiliConCarnage · 01-02-2019, 08:38 PM

Initiated my IRA transfer tonight. Thanks for the heads up Cook about Apple before I deposited. I might DCA in this year a bit.

**Rain Man** · 01-02-2019, 08:48 PM

Well, I ended that year down 5.8 percent. But before you laugh at me, I apparently beat the S&P 500.

Discuss Thrower · 01-02-2019, 09:21 PM

Quote:

Originally Posted by Buehler445

FWIW, CPA and CFP have virtually nothing to do with each other.

CPA = Certified Public Accountant
CFP = Certified Financial Planner

The similarities end with requiring certification and continuing education, the similarities pretty much end there.

Becoming a full on CFP would be a massive undertaking. Meaning He would have to take a ****load of courses, the exam, and work under a CFP for a really long time.

This would be a full on career change.

That being said, many "financial planners" aren't certified. Most ****nuts Series 5, 6, or 7 certifications so they can sell bullshit ass products for bullshit ass companies.

I don't know if there are any other certifications out there, but I wouldn't recommend going the full CFP route.

https://www.cfp.net/become-a-cfp-pro...n-requirements

Can always do the Accredited Financial Counselor thing..

kstater · 01-02-2019, 10:33 PM

Quote:

Originally Posted by Rain Man

Well, I ended that year down 5.8 percent. But before you laugh at me, I apparently beat the S&P 500.

Take it and run. I did my best not to panic, look at the IRA too much, and ended down 12.8. The good news is I’m still a long ways from needing it.

Sent from my iPad using Tapatalk

scho63 · 01-02-2019, 11:57 PM

Quote:

Originally Posted by Buehler445

FWIW, CPA and CFP have virtually nothing to do with each other.

CPA = Certified Public Accountant
CFP = Certified Financial Planner

The similarities end with requiring certification and continuing education, the similarities pretty much end there.

Becoming a full on CFP would be a massive undertaking. Meaning He would have to take a ****load of courses, the exam, and work under a CFP for a really long time.

This would be a full on career change.

That being said, many "financial planners" aren't certified. Most ****nuts Series 5, 6, or 7 certifications so they can sell bullshit ass products for bullshit ass companies.

I don't know if there are any other certifications out there, but I wouldn't recommend going the full CFP route.

https://www.cfp.net/become-a-cfp-pro...n-requirements

Yes I know but most successful CFPs I know began their lives as CPAs. I think it's a natural transition.

Most of you guys maybe too young to remember this how but how about "Silver Screen Limited Partnerships" sold by Lehman Brothers as tax shelters in the late 80's? ****ing disasters.......

**Buehler445** · 01-03-2019, 12:47 AM

Quote:

Originally Posted by scho63

Yes I know but most successful CFPs I know began their lives as CPAs. I think it's a natural transition.

Most of you guys maybe too young to remember this how but how about "Silver Screen Limited Partnerships" sold by Lehman Brothers as tax shelters in the late 80's? ****ing disasters.......

There really isn’t a lot of overlap there. It would be a massive undertaking to switch from CPA to CFP if I understand the rules properly.

**Rain Man** · 01-03-2019, 12:59 AM

Quote:

Originally Posted by kstater

Take it and run. I did my best not to panic, look at the IRA too much, and ended down 12.8. The good news is I’m still a long ways from needing it.

Sent from my iPad using Tapatalk

Ouch. Did something in particular tank on you?

I have three different accounts that I manage, two IRAs and one that's liquid savings. One of them was a rock and only lost 2.5 percent. The second one did pretty good as well, relatively speaking, and was down 3.2 percent.

But the third one was down 14.0 percent. It seemed like all of my overweighted stocks in that account tanked, even though there was no particular pattern among them. My second-biggest holding in that account (THO) got pulverized this year, losing over 60 percent, and it was about 8 percent of my total holdings in that account. But hey, now it's low so I'm buying a little more. It'll go back up eventually, right?

**BigRichard** · 01-03-2019, 08:56 AM

I just dropped some money into me and my wife's Roth IRA. Give me some good ideas to invest it in.

Nightfyre · 01-03-2019, 10:53 AM

Index funds

**BigRichard** · 01-03-2019, 11:04 AM

Quote:

Originally Posted by Nightfyre

Index funds

There are lots of index funds. Looking to narrow the search. Considering some HealthCare iShare ETFs... seems to be one of the better ones.

scho63 · 01-03-2019, 02:36 PM

Cashing in my stock account during my move to Scottsdale looked foolish for the next 12-16 months.

Now I look like an idiot savant.

**MahiMike** · 01-03-2019, 02:51 PM

I'm looking for advice on how to pick a good CFP. I realize many aren't certified. In the past I just used a good newsletter to pick stocks. This year I'm looking for professional advice.

Picking a 'guy' is as tough as picking the stock.

Also my 401k only let's me do mutual funds. I'm used to buying stocks.

Any advice here?

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $2056899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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12-27-2018, 07:51 PM	#2568
Tornado Banned Join Date: Dec 2018 Casino cash: $10000400	anyone buy weed?
Posts: 137

01-02-2019, 08:38 PM	#2569
ChiliConCarnage TACO SALAD Join Date: Apr 2008 Location: yes Casino cash: $1828468	Initiated my IRA transfer tonight. Thanks for the heads up Cook about Apple before I deposited. I might DCA in this year a bit.
Posts: 5,851

01-02-2019, 08:48 PM	#2570
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3348491 VARSITY	Well, I ended that year down 5.8 percent. But before you laugh at me, I apparently beat the S&P 500. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,263

01-03-2019, 08:56 AM	#2576
BigRichard Buddy Christ is a Chiefs fan Join Date: Nov 2008 Casino cash: $1919546	I just dropped some money into me and my wife's Roth IRA. Give me some good ideas to invest it in. __________________ "You know, they lay down with their ugly wives in front of their ugly children and just look at their loser lives and then they look at me and say, "I CAN'T PROCESS IT!" Well, no, and you never will. Stop trying. Just sit back and enjoy the show .... You know?" Carlos Irwin Estevez
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01-03-2019, 10:53 AM	#2577
Nightfyre MVP Join Date: Mar 2004 Location: Helena, MT Casino cash: $3668849	Index funds
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01-03-2019, 02:36 PM	#2579
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $2801110	Cashing in my stock account during my move to Scottsdale looked foolish for the next 12-16 months. Now I look like an idiot savant. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 50,431

01-03-2019, 02:51 PM	#2580
MahiMike He's Mahomie! Join Date: Aug 2001 Location: Jax, FL Casino cash: $10023443	I'm looking for advice on how to pick a good CFP. I realize many aren't certified. In the past I just used a good newsletter to pick stocks. This year I'm looking for professional advice. Picking a 'guy' is as tough as picking the stock. Also my 401k only let's me do mutual funds. I'm used to buying stocks. Any advice here? __________________ 99.9%
Posts: 17,387