• Home
  • About

A Runner's Story

A Runner's Story

Tag Archives: finance

Mile High Finance

09 Saturday Jan 2010

Posted by Ed Mahoney in Storytelling

≈ Leave a comment

Tags

401k, finance

“Hey Bob, thanks for returning my call. I was getting worried when you didn’t reply to my emails. I know it was the holidays, but I also know you’re married to that BlackBerry.” I was certain Bob was blowing off my request to cancel his services as my financial advisor.

“Well I didn’t hear the end of your voice mail very well. Which email account did you use?”

“Your MSN account.”

“Oh yeah, I don’t really use that anymore, but I haven’t turned it off either. I forward all of it to a spam filter. I get 1000 emails a day from it so it’ll be hard to find yours’. What are you looking to do? Bob has a loud, high-pitched Brooklyn accent and I always found it difficult to picture him working out of his mountain home west of Boulder.

“Well I want to cancel your management services for Karen’s IRA, our joint account and the 2 kid’s custodian accounts. I setup new empty accounts at Fidelity to move the funds into.”

“I see, well it’s your money and you can do what you want. But I can’t transfer the funds. I can trade them but I can’t transfer them. You can do that yourself at anytime. But wait until end of day Monday for any trades I’ve made recently to settle, otherwise it’ll be a mess. Or you can wait until the end of the quarter. I’ve got you in some really strong high income funds. I think that’s the way to go.”

“No, I’m ready to do it now. Nothing personal, but I feel like I’m ready to manage the funds myself. I actively managed my 401K this past year and did really well. Point being not my return so much as the fact I’ve been giving it attention every day. And I’d like to start trading stocks which is something I can’t really do with my 401K.” I could feel the conversation start to become awkward.

“Really? What was your return?”

“A little over 30%. Not quite as good as the NASDAQ for 2009 but I beat most major indexes.” I beat the hell out your 1% return. I said that to myself.

“Well you know I believe you should stick with mutual funds because you don’t have enough money to have a truly diversified portfolio trading stocks. I can recommend some funds but you’ll have to pay a steep load that I get waived. How do you plan to pick stocks?

“I put a dart board up in my office.” Did I really just say that? Hope Bob has thick skin. I know he’s just waiting for me to admit I watch Jim Cramer and he’s going to tear me apart. I have to end this call.

But Bob talked on for another 10 minutes before I finally said we were stepping out the door to dinner. We did plan on eating that night so I wasn’t exactly lying. I felt like getting a financial adviser to manage our funds was the right call a few years ago. I didn’t have the bandwidth to keep on top of our investments. I didn’t imagine then that I would ever want to cancel his services, but I will tell you this. The conversation was hard. I wish I could have simply sent him a text. In fact, I did try doing it over email initially. 1000 emails a day my ass. Bob is good at what he does, and he’s the professional while I’m a neophyte. But I want to handle it myself going forward. End of story.

40.137598 -105.107652

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • More
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
Like Loading...

Ed Mahoney is a runner, author, and cybersecurity product director who writes about endurance, travel, and life’s small ironies. His blog A Runner’s Story captures the rhythm between motion, meaning, and memory.

Search this blog

  • Boulder Marathon
  • Britt&Eric
  • Colorado Trail
  • Covid-19
  • covid-noir
  • cyber war
  • Ellie Rose
  • Geek Horror
  • Marathons
  • Margot
  • Medical Files
  • Novel
  • Other Stories
  • ReBlog
  • Running
  • Snowboard
  • Snowshoe
  • Storytelling
  • training plan
  • Ultra
  • Victoria BC

Buy Full Spectrum Cyberwar at Amazon

Buy Cyber War I at Amazon

Buy on Amazon India for ₹99

Buy on Amazon U.K. for £2.27

English Edition on Amazon Germany

Buy on Amazon Brazil for R$11.29

Archives

Blog Stats

  • 151,223 hits

Girlfriend Cult

Recent Comments

Ed Mahoney's avatarEd Mahoney on On Racing
georgeschools's avatargeorgeschools on On Racing
Terry Collier's avatarTerry Collier on Running in Oxygen Debt is…
Terry Collier's avatarTerry Collier on Safe and Sound
Terry Collier's avatarTerry Collier on Castlewood Canyon

Recent Posts

  • On Racing December 7, 2025
  • Running in Oxygen Debt is Racing December 6, 2025
  • My Thanksgiving November 28, 2025
  • Safe and Sound November 2, 2025
  • Castlewood Canyon October 18, 2025
  • Victoria with Friends October 12, 2025
  • September September 16, 2025
  • Senior Pass August 23, 2025
  • First Run After August 9, 2025
  • Boulder Rez Marathon August 2, 2025
  • I Hope I break 5 July 26, 2025
  • Margot’s Saturday Adventures July 20, 2025
  • The Flower Run June 29, 2025
  • The Summer Strength Plan May 29, 2025
  • Running in the Clouds May 26, 2025
  • Just a little 10K May 18, 2025
  • Mother’s Day Run May 12, 2025
  • Colorado Marathon 2025 May 5, 2025
  • Marathon Prep April 27, 2025
  • My Face Tells the Story April 6, 2025
  • Dinner Stories March 16, 2025
  • Running is Joy March 1, 2025
  • Austin Marathon Photos, Period! February 22, 2025
  • Austin Marathon 2025 February 16, 2025
  • Next up, ATX February 8, 2025
  • On Writing and Generative AI February 3, 2025
  • Bushwhacking Bandera January 17, 2025
  • Not Bandera January 10, 2025
  • Trail Spirits January 3, 2025
  • Sixty-Two at Sixty-Two December 30, 2024
  • Mud, Ice & Snow November 30, 2024
  • Winter is Slipping in November 24, 2024
  • Around the Res November 24, 2024
  • The Boulder Res and Back November 9, 2024
  • Strength November 3, 2024
  • LMNT October 20, 2024
  • In Training October 13, 2024
  • Boulder Marathon 2024 October 5, 2024
  • Pre-Race Jitters September 28, 2024
  • Fall Racing Season September 22, 2024
  • Rooftop Sunset September 14, 2024
  • Mile Zero September 8, 2024
  • Dallas Road Waterfront September 6, 2024
  • The Boulderthon Fueling Plan August 30, 2024
  • Struts August 25, 2024
  • Return to Peaceful Valley August 18, 2024
  • It’s Time to Up the Miles August 11, 2024
  • On the Track August 4, 2024
  • My Racin’ Heart August 3, 2024
  • Whoop De Doo July 28, 2024

Colorado=Security

Goodreads

Top Posts & Pages

  • Foot Fetish
  • The Hills of Lakeway
  • Going Dark
  • Runner Porn
  • A Tale of Two Gerasimov's

Top Clicks

  • None

RSS Feed

  • RSS - Posts
  • RSS - Comments

Blog at WordPress.com.

  • Subscribe Subscribed
    • A Runner's Story
    • Join 257 other subscribers
    • Already have a WordPress.com account? Log in now.
    • A Runner's Story
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...
 

    %d