John Stoj® Profile picture
Sep 19 7 tweets 2 min read
Boomers' heads buried in the sand, if not participating.
Millennials still surprised.
Gen Z actually shocked.

Gen X? We Knew this was coming. We learned everything from 80s hair metal. Nothing shocks us. Maybe disappoints. Almost half a decade.
@queensryche #GenXFTW #GenX
Jan 6?
For a price I'd do about anything
Except pull the trigger
For that I'd need a pretty good cause
Then I heard of Dr. X
The man with the cure
Just watch the television
Yeah, you'll see there's something going on
Washington?
Got no love for politicians
Or that crazy scene in D.C.
It's just a power mad town
But the time is ripe for changes
There's a growing feeling
That taking a chance on a new kind of vision is due
Our eyes are open.
I used to trust the media
To tell me the truth, tell us the truth
But now I've seen the payoffs
Everywhere I look
Who do you trust when everyone's a crook?
So tired of the same pitches.
Well, I'm tired of all this bullshit
They keep selling me on T.V.
About the communist plan
And all the shady preachers
Begging for my cash
Swiss bank accounts while giving their secretaries the slam
Maybe not in magazines, but Boebert, Green, Flynn, DeSantis... all they want is the fame.
They're all in Penthouse now
Or Playboy magazine, million dollar stories to tell
I guess Warhol wasn't wrong
Fame fifteen minutes long
Everyone's using everybody, making the sale
Yup. We were raised this way, but we see it. We haven't been blind for years.
I used to think
That only America's way, way was right
But now the holy dollar rules everybody's lives
Gotta make a million, doesn't matter who dies

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More from @StojBoj

Sep 21
I’m going to pick on one Registered Investment Advisor, or RIA, which acts mainly as an investment manager. The name is withheld not to protect any innocence, but because they are far from the only RIA operating like this. 1/16 🧵
One of my portfolio review clients is paying a 1% AUM fee to a big name firm to manage his retirement portfolio. This firm, in turn, farmed out the portfolio management to an, “independent RIA,” who charges another .3% for the privilege. 2/16
Credit my client for contacting me for a second opinion, but when I asked him what he wanted out of our engagement, he said he wasn’t sure. I asked him if he was happy with the portfolio management. 3/16
Read 16 tweets
Sep 9
September’s a big birthday month in our house, and it made me think of something missing from so much financial advice distributed by social media gurus peddling concepts like FIRE, when they clearly haven’t even considered their own retirements: Family #familymatters 1/9
Concepts & schemes including popular ideas like geo-arbitrage, or moving from high cost of living areas (HCOL) to lower (LCOL), sometimes including attempts to avoid taxes, like Reason’s latest suggestion to move to Puerto Rico, ignore the F word. reason.com/2022/08/03/the… 2/9
I love the idea of moving where my dollars go further, and some might say I already did, going from NYC to Chicago to Atlanta, but I did that when I was single. Now, with a working spouse & grade school child, that idea is much more complicated. #FamilyMatters 3/9
Read 10 tweets
Aug 19
Financial advisor Friday confessional: My dad died four years ago in September, I’m the executor, and I still haven’t closed the estate. Why? And what can you do to avoid the same thing happening to you? 1/10
I know there’s an element of, the shoemaker’s son going barefoot here, but there’s more to it than that. oxfordreference.com/view/10.1093/o… 2/10
I used the pandemic as a defense for a while, but it’s really just the emotional nature of the task that has stopped me. Money is emotionally weighted as it is, but add in death & it can become unbearably heavy. 3/10
Read 11 tweets
Aug 1
Confession time: I’m over 50, a financial planner & advisor, and I don’t know when I’m going to be able to retire, or exactly what retirement is going to look like. How can this be, you ask? Because life happens. Spoiler alert: none of us know the future. 1/15
How can a person who did everything, “right,” for 4 decades not be prepared for retirement by their 50s? I did everything by the book until my 40th birthday. Did well in school, went to a good college, job on Wall St., business school, better jobs on Wall St. Smooth sailing. 2/15
Then, the Great Financial Crisis. Millions of people were affected by the GFC. I’m not special there. But my reaction was, “special.” After losing my job, I didn’t polish up the resume & look for the next opportunity. No, I decided to switch careers & become an entrepreneur. 3/15
Read 16 tweets
Sep 29, 2021
Time for another thread on the word Fiduciary, mainly what it represents in financial services and advisory for me. Trigger warning: I’m going to talk about fees. 🧵 1/n
RIAs, or Registered Investment Advisors, are firms whose representatives/advisors are required to act in a fiduciary capacity, meaning always acting in their clients’ best interest. Simple, right? 2/n
RIAs can employ Investment Advisor Representatives, or, “IARs,” (say that three times fast) who can be dually registered as representatives of both the RIA and a Broker-Dealer. What’s a Broker-Dealer, you ask? 3/n
Read 23 tweets

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