Quote:
Originally posted by ken_xman
pbs911
Also FDIC coverage is 100k, so I hope you are using 4 banks.
A good portfolio manger can earn you 7-8% in a flat equity market with minimal risk. PM me, and ask how I know.
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Actually, I plan on reinvesting in real estate and then just a little lower than FDIC insured amount in the bank. It is the "risk" portion of "minimal risk" I am not willing to undertake. it may just be me, but I know just as many people who lose money in non-insured investments than make money. And those who lose seem to lose big.
Until I can find a money manager who is willing to accept a commission / fee contingent upon my portfolio increasing at the "pitched" rate, I take the safe path. For a lose of potentially 2-3% had a pitched portfolio increased, that's worth piece of mind in my mind. I guess it's the old bird in the hand / 2 in the bush thing with me. . .