REVscene Automotive Forum - View Single Post - Anybody use fee-based financial planners?

Hehe · 11-13-2014, 07:30 AM

IMO, if you are looking for a more laid back investment style, go with either a good REIT or any good stock with decent dividend and stick with it.

My uncle is relatively clueless when it comes to investing... so he buys two stocks: TSM and CHT (we are Taiwanese, so he invests mainly in Taiwanese companies). He has done so for the last 15 years or so... it gives a decent dividend and the business they are in don't have any problem in the near horizon.

TSM is THE largest pureplay foundry in the world and nothing really comes close. To put it into perspective, its revenue is larger than the no2~no5 combined.

CHT is the largest cellphone/ISP/Telco in Taiwan with a quasi-monopoly ownership in infrastructure.

As long as you can find business like that for investment, there is really no need to hire a financial planner.

In my uncle's case, he now pretty much lives off the dividend alone (he gets about U$150k/year in dividend between the 2). And he just continues to put money (about 70k ) into those 2 companies.

Full disclosure: I recently bought TSM during its dip. But it's for short term holding.

11-13-2014, 07:30 AM	#9
Hehe OMGWTFBBQ is a common word I say everyday Join Date: Dec 2002 Location: YVR/TPE Posts: 5,241 Thanked 3,303 Times in 1,464 Posts Failed 685 Times in 223 Posts	IMO, if you are looking for a more laid back investment style, go with either a good REIT or any good stock with decent dividend and stick with it. My uncle is relatively clueless when it comes to investing... so he buys two stocks: TSM and CHT (we are Taiwanese, so he invests mainly in Taiwanese companies). He has done so for the last 15 years or so... it gives a decent dividend and the business they are in don't have any problem in the near horizon. TSM is THE largest pureplay foundry in the world and nothing really comes close. To put it into perspective, its revenue is larger than the no2~no5 combined. CHT is the largest cellphone/ISP/Telco in Taiwan with a quasi-monopoly ownership in infrastructure. As long as you can find business like that for investment, there is really no need to hire a financial planner. In my uncle's case, he now pretty much lives off the dividend alone (he gets about U$150k/year in dividend between the 2). And he just continues to put money (about 70k ) into those 2 companies. Full disclosure: I recently bought TSM during its dip. But it's for short term holding. __________________ Nothing for now Last edited by Hehe; 11-13-2014 at 07:38 AM.