| View previous topic :: View next topic |
| Author |
Message |
macandcheese
Joined: 27 Nov 2011
|
 Posted: Sun Dec 25, 2011 8:54 pm Post subject: Financial Adviser? |
 |
|
So, I've managed to save a pretty good amount in my time here. More than I want just sitting in my checking account collecting the 2 dollars in interest a month that is currently.
I'm not quite sure what to do with it, but I do know I want it to start working for me instead of collecting dust.
Does anyone know of any financial advisers that speak English? I'm not looking for just a broker, because I'm not sure stocks are where I want to go. I want to sit down with someone, lay out my financial situation, and be presented with different options.
Any help? |
|
| Back to top |
|
 |
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Sun Dec 25, 2011 9:06 pm Post subject: Re: Financial Adviser? |
|
|
| macandcheese wrote: |
So, I've managed to save a pretty good amount in my time here. More than I want just sitting in my checking account collecting the 2 dollars in interest a month that is currently.
I'm not quite sure what to do with it, but I do know I want it to start working for me instead of collecting dust.
Does anyone know of any financial advisers that speak English? I'm not looking for just a broker, because I'm not sure stocks are where I want to go. I want to sit down with someone, lay out my financial situation, and be presented with different options.
Any help? |
How risk adverse are you?
IF you ARE risk adverse (don't have the long view or don't like to gamble a bit) then fixed term deposits may fit your needs till you go home. The major banks are offering 3-5% per anum (beats the crap out of the 0.75% that your savings account is earning).
If you are not especially risk adverse then call the English line of your bank and ask for a financial advisory.
. |
|
| Back to top |
|
|
atwood
Joined: 26 Dec 2009
|
| Posted: Tue Dec 27, 2011 5:18 pm Post subject: |
|
|
Unless you're planning on living in Korea indefinitely I would not use a financial advisor here. And even if those were the circumstances, I'd be wary of using a financial advisor here.
For good, solid information on investing, start here:
http://www.bogleheads.org/wiki/Bogleheads_Financial_Start-Up_Kit
From there you can use their wiki and forum or the books they recommend. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Tue Dec 27, 2011 5:30 pm Post subject: |
|
|
| atwood wrote: |
Unless you're planning on living in Korea indefinitely I would not use a financial advisor here. And even if those were the circumstances, I'd be wary of using a financial advisor here.
For good, solid information on investing, start here:
http://www.bogleheads.org/wiki/Bogleheads_Financial_Start-Up_Kit
From there you can use their wiki and forum or the books they recommend. |
I would be careful about using the information carte blanche.
The vast majority of what is there is for US based in investors dealing in/with/about their circumstances in the US and although the principles are broadly accurate the specifics are based in and on US region and are not specific to Asia or (particularly) Korea.
Good place to learn about investing in general = yes.
Good place to take financial advice or learning the specifics about investing in Asia (based in the Asian markets) = no.
. |
|
| Back to top |
|
|
atwood
Joined: 26 Dec 2009
|
| Posted: Tue Dec 27, 2011 11:32 pm Post subject: |
|
|
| ttompatz wrote: |
| atwood wrote: |
Unless you're planning on living in Korea indefinitely I would not use a financial advisor here. And even if those were the circumstances, I'd be wary of using a financial advisor here.
For good, solid information on investing, start here:
http://www.bogleheads.org/wiki/Bogleheads_Financial_Start-Up_Kit
From there you can use their wiki and forum or the books they recommend. |
I would be careful about using the information carte blanche.
The vast majority of what is there is for US based in investors dealing in/with/about their circumstances in the US and although the principles are broadly accurate the specifics are based in and on US region and are not specific to Asia or (particularly) Korea.
Good place to learn about investing in general = yes.
Good place to take financial advice or learning the specifics about investing in Asia (based in the Asian markets) = no.
. |
The OP said nothing about investing in Asia specifically. He also didn't specify how long he planned to stay in Korea. Even so, it's better to invest globally, which that site talks about, rather than in just one region.
As for carte blanche, hopefully no one invests in such a manner.
Do you have any advice for the OP? |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Tue Dec 27, 2011 11:59 pm Post subject: |
|
|
| atwood wrote: |
The OP said nothing about investing in Asia specifically. He also didn't specify how long he planned to stay in Korea. Even so, it's better to invest globally, which that site talks about, rather than in just one region.
As for carte blanche, hopefully no one invests in such a manner.
Do you have any advice for the OP? |
He also didn't (unless I missed it) say he was American.
There is not enough to offer real advice to the OP other than to call the English line of his bank here in Korea.
If he speaks and can read Korean (again, no information) then there are even more options but he hasn't responded to his thread yet so...
And finally, even though the site (and forum members there) talk about investing globally they are all doing it through American services and not directly themselves or though other countries.
The ball of wax changes shape dramatically when you leave the US or are not a US citizen and the rule book is certainly different.
. |
|
| Back to top |
|
|
atwood
Joined: 26 Dec 2009
|
| Posted: Wed Dec 28, 2011 2:11 am Post subject: |
|
|
| ttompatz wrote: |
| atwood wrote: |
The OP said nothing about investing in Asia specifically. He also didn't specify how long he planned to stay in Korea. Even so, it's better to invest globally, which that site talks about, rather than in just one region.
As for carte blanche, hopefully no one invests in such a manner.
Do you have any advice for the OP? |
He also didn't (unless I missed it) say he was American.
There is not enough to offer real advice to the OP other than to call the English line of his bank here in Korea.
If he speaks and can read Korean (again, no information) then there are even more options but he hasn't responded to his thread yet so...
And finally, even though the site (and forum members there) talk about investing globally they are all doing it through American services and not directly themselves or though other countries.
The ball of wax changes shape dramatically when you leave the US or are not a US citizen and the rule book is certainly different.
. |
I agree if he's not from the US that changes things. You can "leave" the US and still invest there, however. And you can invest with similar companies in Europe and Australia. There are a few British members of that forum, for example.
"Call your bank" is very poor advice unless someone is just looking for a good savings account. Her statement about having someone "lay it all out" for her implies she doesn't know much about investing and makes her a prime candidate for fleecing.
The books recommended on that site would give the OP the basics of investing and at least know what a financial "advisor" was selling him or her. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Wed Dec 28, 2011 5:31 am Post subject: |
|
|
So that would go back to...
| ttompatz wrote: |
| Good place to learn about investing in general = yes. |
. |
|
| Back to top |
|
|
PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
|
| Posted: Wed Dec 28, 2011 5:37 am Post subject: |
|
|
| atwood wrote: |
| ttompatz wrote: |
| atwood wrote: |
The OP said nothing about investing in Asia specifically. He also didn't specify how long he planned to stay in Korea. Even so, it's better to invest globally, which that site talks about, rather than in just one region.
As for carte blanche, hopefully no one invests in such a manner.
Do you have any advice for the OP? |
He also didn't (unless I missed it) say he was American.
There is not enough to offer real advice to the OP other than to call the English line of his bank here in Korea.
If he speaks and can read Korean (again, no information) then there are even more options but he hasn't responded to his thread yet so...
And finally, even though the site (and forum members there) talk about investing globally they are all doing it through American services and not directly themselves or though other countries.
The ball of wax changes shape dramatically when you leave the US or are not a US citizen and the rule book is certainly different.
. |
I agree if he's not from the US that changes things. You can "leave" the US and still invest there, however. And you can invest with similar companies in Europe and Australia. There are a few British members of that forum, for example.
"Call your bank" is very poor advice unless someone is just looking for a good savings account. Her statement about having someone "lay it all out" for her implies she doesn't know much about investing and makes her a prime candidate for fleecing.
The books recommend | | |
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
