LynAlden (npub1a2c…w83a) preston (npub1s5y…6q7z) @VailshireCap
First, thanks to each of you for the time you spend educating and sharing your knowledge.
It's perhaps because of that open sourcing of knowledge that I've been put in the position that I'm seeking advice with.
An older friend shared his actively managed brokerage account (1% management fee) with me asking for my advice. His 5 year return is 75%; His account is roughly 60% stocks/options, 30% mutual funds, 10% cash.
My first priority was to get him 5% exposure to FBTC. I would have gone with BITB but FBTC is just a more secure feeling wrapper for him. (We've accomplished this)
His biggest winners are positions in NVDA (+611) and APPL(+496) which he talked his broker into placing. Those have grown to his biggest positions.
On the other hand, what started out as the largest positions taken at the time of purchase are VZ(-23%) and BAX(-47%) These were his broker's decisions.
Given that without my friends picks his portfolio would be somewhere less than 75% returns, and given that 90% of actively managed portfolios underperform the S&P.
Would I be out of line to say that his broker needs to justify (Or even can not justify) not being replaced by the following portfolio allocations?
50% SPY
30% MGK
10% QQQ
10% Cash
I would not ask for any of your time for myself.
My allocation is 100% Bitcoin with 1.5 years of living expenses in cash while carrying 0 debt and having recallable equity in both my brother and sisters houses, my wife and I own our home outright. The world of individual stock picks seems high risk crazy to me if you haven't put 1,000 hours into it like I have with Bitcoin.
Goog
npub16t…33ug8
2024-02-13 17:47:42
Author Public Key
npub16td46ax2latynk5qt0xrzw3kkhv23cuazlmjfczva4twe60nsweqr33ug8Published at
2024-02-13 17:47:42Event JSON
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"kind": 1,
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"content": "nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z @VailshireCap\n\nFirst, thanks to each of you for the time you spend educating and sharing your knowledge.\n\nIt's perhaps because of that open sourcing of knowledge that I've been put in the position that I'm seeking advice with.\n\nAn older friend shared his actively managed brokerage account (1% management fee) with me asking for my advice. His 5 year return is 75%; His account is roughly 60% stocks/options, 30% mutual funds, 10% cash. \n\nMy first priority was to get him 5% exposure to FBTC. I would have gone with BITB but FBTC is just a more secure feeling wrapper for him. (We've accomplished this)\n\nHis biggest winners are positions in NVDA (+611) and APPL(+496) which he talked his broker into placing. Those have grown to his biggest positions.\n\nOn the other hand, what started out as the largest positions taken at the time of purchase are VZ(-23%) and BAX(-47%) These were his broker's decisions. \n\nGiven that without my friends picks his portfolio would be somewhere less than 75% returns, and given that 90% of actively managed portfolios underperform the S\u0026P. \n\nWould I be out of line to say that his broker needs to justify (Or even can not justify) not being replaced by the following portfolio allocations?\n \n\n50% SPY\n30% MGK\n10% QQQ\n10% Cash\n\nI would not ask for any of your time for myself. \n\nMy allocation is 100% Bitcoin with 1.5 years of living expenses in cash while carrying 0 debt and having recallable equity in both my brother and sisters houses, my wife and I own our home outright. The world of individual stock picks seems high risk crazy to me if you haven't put 1,000 hours into it like I have with Bitcoin.\n\n\n",
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