nostratic
nostratic t1_j6pgeqc wrote
Reply to Just found out estranged brother passed away. How do I take care of his estate? by turtleneck360
>If he left no will, I'd like to take whatever he had in his estate and donate it to the organization he volunteered at.
condolences on you brother but that's not how it works. even if there is a will, debts get paid before inheritances. without a will, debts are paid first then assets are distributed among relatives as the law dictates. you could donate your share of an inheritance to an organization, but you'd have zero authority to do so with all the remaining assets .
nostratic t1_j6pc69y wrote
-
value stocks are stocks that are considered inexpensive or somehow 'on sale', relative to tother stocks. when you buy a stock, the stock price may or may not reflect a fair value for the company. the stock might be $100 a share, but the company might be worth $80 a share of $120 a share. it's a bit like buying a used car. you look up the price in Kelly Blue Book to see if the seller's price is reasonable. value investing is basically trying to pay $50 for stocks that are actually worth $100.
-
growth stocks are companies that are growing faster than others of their type, usually measured by revenues or profits. these stocks tend to be more 'expensive' than value stocks, more like paying $100 for a stock that's actually worth $90 today because you hope the fast growth will someday make up for overpaying today.
there's a place for both types of stocks, because they move in cycles where one type will dominate for a few years. but overall value stocks will tend to give the best long-term results.
nostratic t1_j6p8syr wrote
Reply to Why did Edward Jones make me jump through hoops every time I needed to take money out of my savings but now being at Fidelity they didn't give me any issues? by palinsafterbirth
EJ makes money on your total assets under management.
so does Fidelity, but apparently they recognize it's your money and you can access it whenever you want. Fidelity has excellent customer service in my experience, while EJ offices could be a crapshoot.
nostratic t1_j2abab8 wrote
Reply to Edward Jones sold me by Cautious_Second7321
EJ or similar is fine for some people. maybe not ideal, but there are people who need more guidance and hand-holding. at least to start.
if that's what it takes to get you investing, investing with higher fees is better than no investing.
there is some data showing people with an advisor have superior long-term results of up to 3%/year. it's not from the advisor recommending any specific fund or investment, it's from behavioral coaching: don't panic when the market crashes, stick with the plan. don't put too much money in the hot trend of the moment (Tesla, bitcoin), just stick to the plan. https://advisors.vanguard.com/insights/article/IWE_ResPuttingAValueOnValue
nostratic t1_j9w675a wrote
Reply to Does it really cost >50k to form a new company? by ajconway
>I feel he has a bit of a Boomer mentality
wow discriminatory much?
you're correct that the basic business licenses should be cheap. but that's not the only thing you need to start a company.
a business license is useless without employees, a storefront or office, a website, a product or service that people are willing to pay for, etc...