tag:blogger.com,1999:blog-8091367287813993533.post3741112251657178030..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: Why Manage Your Own Money?Robert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8091367287813993533.post-68729623281279438992011-07-19T07:10:40.819-04:002011-07-19T07:10:40.819-04:00re: Dividend Pig The problem as you know isn't...re: Dividend Pig The problem as you know isn't just gold. It's that fine line when greed takes over. People act really funny when the idea pops into their head that there is easy money to be made. It's a battle because they are convinced the advisor doesn't know what he or she is doing. It's almost like a person telling their mechanic that they don't really need a brake DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-4515141046956317172011-07-18T20:01:59.533-04:002011-07-18T20:01:59.533-04:00Robert, I don't know how you do it. I get mad...Robert, I don't know how you do it. I get mad when I can't get my brother to save a dime, and you have to fight with people who want to put half their money into gold! You must have some patience. <br /><br />Personally, I see money management as something as important, if not more so, than my job. If other people looked at it the same way, maybe they would focus less on a bigger The Dividend Pighttp://www.thedividendpig.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-88301037050935206042011-07-18T13:09:51.253-04:002011-07-18T13:09:51.253-04:00re: MoneyCone What Buffett did is key. For many cl...re: MoneyCone What Buffett did is key. For many clients a good advisor is almost like a coach on the sidelines. You have to keep clients from getting carried away.Today for example, clients want to put everything in gold and it is difficult holding them back. It is not unusual to lose clients in some instances.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-73334716970285910332011-07-18T10:18:16.599-04:002011-07-18T10:18:16.599-04:00Here's a question for you Robert. If the mark...Here's a question for you Robert. If the market exhibits irrational exuberance, but you as a cautious adviser, do not wish to participate in it and believe in long term gains, how do you explain this to your clients?<br /><br />Think dotcom boom times and fantastic returns and Warren Buffett's ho-hum returns who refused to take part in the rally and stood by his beliefs. <br /><br />MoneyConehttp://www.moneycone.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-47706922169656550722011-07-18T08:12:10.374-04:002011-07-18T08:12:10.374-04:00Once you are set on your asset allocations, saving...Once you are set on your asset allocations, saving the management fees can be a big deal over the long run.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.com