I will educate you on how to manage your own investments in a regular account or in 401(k) or IRA.
I personally have accounts in Schwab, Vanguard, TD Ameritrade, Robinhood, and Interactive Brokers. You can have your account if any of the other brokers too.
Whether your investments are in a regular account, HSA, 401(k), IRA, or Roth IRA I can teach you about different investment options available.
Some 401k accounts have limited investment options - I can help you choose the right investments based on your age, your dependents, and your risk profile (ability to take risks).
A risk profile is important since each of us has a different personality and different needs for money at different times.
We have different jobs and want to retire at different times.
I can educate you on how to set up a simple portfolio that you do not need to fiddle with every week. I can also give you suggestions on ways to automate your saving and investing.
See I am not getting any fees from telling you an investment.
So I will tell you the best and lowest-cost way to invest money.
Also, I will tell you how much to invest and how much to keep in savings for a rainy day fund or for upcoming future expenses…
I will educate you to make use of ETFs or mutual funds which have very very low fees.
So instead of paying 0.75%-2% fees on your investment every year, you will be paying less than 0.10% fees on your investments!
Let’s assume on average most people pay 1.5% fees on their investments every year...you will save 1.4% every year...which in 10 years will amount to 14%!!
- If you have a $10,000 portfolio that's equal to 14,000 savings
- If you have a 100K portfolio that equal to 14K savings
- If you have a 500K portfolio that's equal to 70K savings
- If you have a 2M portfolio that’s equal to 280K savings
Do you get the idea?
Also, if you are just starting with a small account like $2000 or $5000 hopefully your aim will be to grow this account in the future without paying big commissions and hidden fees to big banks/other companies.
Have you ever been to a “free seminar” with a free lunch or steak dinner? You do not see the fees in any of their products since it's at the backend. I charge no such “backend” or “hidden” fees...my pricing is upfront ...and that’s the only money I get.
What else can I do for you?
I can guide you on big money decisions like buying a house, buying a car, buying an investment property, or opening up retirement accounts.
I will look at your overall financial picture and can educate you on some other tax savings strategies…
Look I am no CPA….but I know a lot about tax-saving strategies - that has been my passion!
I find mistakes when my CPA does stuff wrong. Actually yesterday I found a mistake in my tax returns which were done by my CPA. After he fixed that mistake my total 2019 tax went from $58,664 to $53,569. That’s a saving of $5,095...his mistake would have cost me 5K! (proof available on request).
I am 100% certain there are many people who do not even question what their CPA has done. And no he is not a small-time one-person CPA. This is a big CPA firm and I pay 4 figures for their services.
I have found mistakes when Turbo Tax “expert” recommends something. You know those expert Turbotax makes us available 24/7 when we buy their software. When I have to correct them and they have come back to me saying “It appears that you are correct. I apologize I was not familiar with this provision.” (Again, proof available upon request)
I can help you reduce your taxes if you are a regular W-2 or 1099 employee and want savings with different kinds of accounts available - like HSA, 401k, and IRA.
I can show you how can you use your HSA as a “second retirement account” rather than using it how most people use it.
So just message me and we can schedule a time.
A little about me:
- Masters’s degree in Finance - although it doesn’t matter since I learned more by experience and educating myself afterward.
- Worked in the investment industry for 15 years
- More importantly, managed my own money for 17 years
- In my leisure time I read about investing and tax strategies
- I am part of different finance and tax groups
- 6-figure passive income from investments in stocks and real estate
- Retired early at the age of 39 using several FIRE (financial independence and retire early) strategies!
NOTE: I am not a financial advisor, CPA, CFA, bookkeeper, tax advisor, or legal advisor. This is strictly for informational and educational purposes. I will not be managing your money. Think of me as your financial coach. I will guide you and teach you so you do not make big financial mistakes. And also guide you to take not miss major tax savings.