2007-07-09 09:21:06 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
I am exploring my options, financial managers only give you options that help them get rich. So why not ask people like you :)
2007-07-09 09:39:19 · update #1
Uh-huh, sure. People with 200 million dollars already know answers to questions like that, and CERTAINLY don't ask them on Yahoo answers.
2007-07-09 09:32:16 · answer #1 · answered by Judy 7 · 3⤊ 0⤋
Goldman Sachs charges you money whether you make money or not.
Why not try other options which is performance based. They make money only if you make money.
I dont think you would be having 200mill$ without some wealth manager knocking on your doors. No doubt they have their own interests before yours.
I seriously would be more interested to know how you can have so much money and no one to advise you.
In any case, if you planning to invest it in some new investments, drop me a email. Maybe I can drop some ideas that might be better than your so called wealth advisors.
You just never know.
Regards
2007-07-12 21:44:57 · answer #2 · answered by fx_invest74 2 · 0⤊ 0⤋
Goldman probably charges somewhere between 2 and 3 percent annually. However, with that much money, it would probably be closer to 1% or even 1/2 of a percent.
2007-07-09 10:39:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Dude, forget Goldman Sachs... just open your own private trust company and hire someone to manage it just for you. (You can get me for $200 grand a year plus benefits lol)
And by the way, you're main problem WON'T be investments... at that level you're looking at losing millions in estate taxes, unless you get a good estate planning firm (that only costs another $100 grand extra from me ...)
2007-07-09 10:50:06 · answer #4 · answered by Bryan A 3 · 0⤊ 0⤋
Not sure of specific $$$, but (as with everything) it depends... on if you choose an SMA or a wrap account and what type of products you want (structured vs indexed), fund of funds, etc. There are the private client break points, which differ for every firm, so I don't know what Goldman's is, but always ask for break point discounts.
2007-07-09 10:06:03 · answer #5 · answered by PK 5 · 0⤊ 0⤋
Making an assumption in your character, I reckon you could get a pretty good bonfire going with that much cash. Guessing if you had that much money and you were asking on yahoo for advice, thats probably what will happen to it anyway.. Ps, fly me over and I'll light it for you (Although I do charge commission)
2007-07-09 12:58:31 · answer #6 · answered by Adam 2 · 1⤊ 0⤋
Right - you have a net worth of 200million and need advice from strangers? I don't think so! LOL
2007-07-09 10:02:36 · answer #7 · answered by Anonymous · 3⤊ 0⤋
If you had 200 million you don't need to work as GS would had contacted you about 175 million ago.
2007-07-11 08:03:17 · answer #8 · answered by K M 4 · 1⤊ 0⤋
If you had 200million you would know the answer to that question.
2007-07-09 09:40:48 · answer #9 · answered by Julius C 4 · 3⤊ 0⤋
$0.00
2007-07-09 20:25:04 · answer #10 · answered by Anonymous · 0⤊ 2⤋