It would be nice to receive an email when our post received a response. Or alternatively, some kind of alert on the page of recent responses. I have no idea how difficult that is. I sometimes avoid posting to avoid the avoid the obligation to scroll around looking for responses.
You can tag a thread which you want to watch for replies, and monitor it every so often in "manage your account."
Similarly, you can highlight yourself which makes it easy to scan the page and see your posts and see if anyone has replied under your posts.
No to a financial-and-legal advice board for all the reasons enumerated below.
No to other "themed" boards for the reasons identified below as well: what makes this place so interesting is that people come here and talk about all kinds of stuff. The political conversations got dumped on their own board because of the way they metastasize and the fact that they have a unique propensity for growing heated. But I would hate to push some of that off into its own corner.
Back a few years ago, we had more of this kind of thing, on both the PBR and Back Room. I don't make recommendations often here but had made one -- think it was short RIMM at 64 -- as a response to a request for ideas. ACross took me to task for it.
That trade turned out to be highly lucrative if one had the guts to stick it out. And nothing I've recommended here has ever not worked out well. But I have come to believe that ACross was still correct in calling me out.
At the end of the day, this is an anonymous message board, and the posters here may mean well but don't always (hi WinterCeltic). And even if they do, they sometimes just get it wrong. People tend to overweight posting here because of the Notre Dame affinity and a strong sense of community. No matter the disclaimers, some will make investment decisions based on recommendations here. Some of those will turn out poorly. And there will be a lot of bad blood down the line because of it.
That sort of thing can be vetted, but that's well beyond the scope of current BoardOps time or expertise. And it needs to be surrounded by board expectations about financial issues that are not in place here.
There are other forums where such advice is readily available and well moderated (by folks with financial issues expertise). I think we're better off making referrals to those places than endorsing financial conversation here.
what about simply adding Tags to threads?
the boards are searchable - so btw that functionality and tags - you could probably find what you're looking for and another separate board need not be created
i'd simply request that a Bruno tag be one that you utilize
But you only need them when you need them. With all the "plants" in tripadvisor etc., this is one of the few places you can get some honest recommendations.
You could save the ones that were potentially useful, or someone energetic enough to update the almanac could look for related posts and compile there.
...as often as those fission reactors we affectionately call the PBR and Rock's.
can't recall last time there was a BR nuking
and the PBR is pretty rare now, too
Rocks is Rocks - not that there needs to be tags there anyway
Thought it might be easy solution worth considering vs creating and moderating a new board.
I'd like to see the person asking for advice/recommendations update the BR almanac with what was posted, but perhaps I'm asking too much.
Or a BR Wiki or something with a way to BoardOps-select or poster-vote posts for archiving by category.
Seems like we get a lot of "I'm coming to Chicago" threads... saving a few good responses might eventually divert that traffic usefully.
I understand why the political discussions moved to their own board, but I would hope that the standard required for a dedicated board is high. I probably wouldn't go a dedicated board for financial topics, but I do find myself clicking on some of those posts in the back room and I usually end up learning something.
I think the variety is part of what makes me come back every day.
All the caveats listed below are valid, but I don't think the idea of the board would be for "stock tips" -- questions like yours re: credit card programs, other oft-requested ideas like student loan programs, 529/401k strategies etc, could certainly be discussed in enough generality that knowledgeable posters wouldn't be precluded from participating. I think any professionals are professional enough to know what they're not at liberty to put on the record. If necessary the board could be login-only like the Politics board. Don't see much downside; if you tried it for awhile and it wasn't working, would be easy enough to shut it down, right?
Would likely range from academic theology to apologetics. I always learn something from the religious posts, but they are pretty infrequent. Perhaps a separate board would encourage those topics.
"McBrien's Altar" maybe? Just kidding.
A religion board would be interesting. There have been some very good threads in the BR that otherwise get rolled off.
I'd rather that stuff was out here. In my experience, those kinds of Boards can devolve into echo chambers for the highly orthodox. That's fine, but like most things, moderates are less likely to wonder over there and post, and the result would be have fewer exchanges of ideas from different perspectives.
A poster (former?) runs an excellent blog for that kind of thing, and I believe posting is allowed. it's called "Popin' Ain't Easy".
I would surmise that anyone wanting to post on the new Religion Board would need to pass a test in Canon Law to prove that they are a Real Catholic[tm].
NYC board? That should clear some space.
like economics, interest rates, and broad market performance, I think that is sufficiently and appropriately covered by the Political Board and Back Room. If the purpose is to discuss specific personal financial strategies or techniques, I don't think a separate board would be very effective. Like medical and legal advice, proper financial advice is based on each individual's unique circumstances. It would be difficult to get enough background to make good recommendations and could easily lead to well-intentioned, conflicting advice. Then discussion would devolve into a pissing match as each poster would advocate for the strategy that worked best for their own particular situation.
While I like most AZDomer's posts, his gold bullshit was reckless and likely caused financial harm to anyone who got sucked into his delusion.
I began by getting to 1/3 of the honey-bee queens. The tricky part was inserting those tiny diaphragms.
Reducing the honey bee population sent honey prices soaring.
Then the big short began by removing the diaphragms.
The beauty was there were no laws against it.
some poster has a lot of conviction on an investment and pounds the table...maybe pretty eloquently. Posters jump in and are in a drawdown. People get pissed at the poster when, to be fair, they were the one stupid enough to follow a stranger on the internet advice.
Secondly, jt and dbcooper are correct, no licensed financial pro could post without compliance approval and that is doubtful to occur.
i'm getting my investment advice from justin timberlake and db cooper
when they're just using some schlub CFP
The Back Room and Political Board already cover most of those issues and I don't think those posts clutter the boards. Rather, the financial related posts are often some of the most interesting ones on the boards.
As JT below alluded to, any financial "expert" would not be able to discuss any specific investment ideas. No disclaimer you give would matter. These are FINRA rules and no person who has a Series 7 should take a chance of the remote possibility that it is discovered that he/she is giving advice. Don't get me started on how a Series 24 professional would view such a board (after becoming one my self I am now scared of everything, but that's a different story)
Posts here are considered "retail communication" and thus suitability laws are instantly kicked in on any recommendation. We are lucky we are exempted from getting preapproval just to post. This is why many of the "experts" only discuss macro themes and stay away from specific recommendations in the open forum. And I don't think passwords and logins would prevent that fear.
In addition, in my opinion political issues and financial themes are so intertwined that to separate the two would reduce the discussion of various topics. How do you discuss mortgage rates without talking about Fed policy and the possibility of Trump picking a new Fed chairperson for example.
I like the political board as it is and although it certainly can get personal and off topic sometimes I think the economic discussions are usually much more civil and mature. I thought it was upsetting when ufl started to take some of his thoughts to the back room recently for example.
Just my 2 cents but if there were a new board I certainly would stay away on most topics. I don't consider myself an expert however. Just one of the dummies on Wall Street
And I would assume lawyers and Drs would feel the same way, though they may have different legal obligations to worry about. That i wouldn't know.
I don't think I'd check a finance board very often and I've learned things here I wouldn't otherwise know.
Splitting off the politics board was the best idea, because it was crowding out everything else. But I don't think there's any other subject that does that.
...Moral hazard, or something like that. I'm licensed as an appraiser in various states and can only give general advice here; I've offered help to our members regarding specific properties via email, but have to keep my comments fairly hypothetical for board consumption.
Having a board with specific industry focus only makes it harder for experts in that area to provide comment, because it makes it more like the sort of thing the regulations cover. The current format seems good enough. I wouldn't be opposed to something like a separate HOF (call it what you will) where sufficiently compendious answers to certain perennial questions could be posted, like, how do I appeal my property assessment, keep ice dams from forming, or get from O'Hare to South Bend.
A possible alternative is to change the career board to a career/services oriented board (maybe call it Networking?), where people can post their email address to solicit contact from ND-affiliated advisors.
Then NDNation would not be hosting advice subject to a disclaimer -- it'd be an introductory service, which it already is.
if everyone posting or reading this board will just send me a decent check each month I won't need financial advice.
I'm thinking a $1,000 per check is enough.
You might get more candid answers from those who work in the field. They'd all be playing with fire with compliance, though. Compliance justifies its existence with rules about stuff like that.
I would worry, though, that it would wind up like the Career Board. I suspect that few people casually visit that board, which probably affects its helpfulness.
from participating on that board or at a minimum would need to run damn near everything by compliance before participating.
Even the disclaimers aren't good enough in this industry when you are actively participating on a board that is by definition a financial board.
the radio. I'm not talking about the decent ones where they actually address questions about an array of topics. I'm talking about the ones like "Total Wealth Radio" and "Hidden Wealth Solutions" where it's basically a 30 or 60 minute shill for one product or investment 'solution'.
"The Hidden Wealth Solution provides clients with the most effectively tailored wealth building strategy we know. This strategy is used by the ultra-wealthy, former U.S. presidents and industry icons.
It is the top-tested strategy for building and keeping wealth. This strategy ensures that our client’s financial safety, liquidity and potential are secured"
The 'advice' they offer is horrendous.
and those that were licensed gave up the license and let it lapse when they started doing radio/TV.
has disclaimers. Any presentation I make about options opens with 4 - 5 pages of disclaimers.
There is also some of the traffic from the politcal board which could be driven to such a venue.
My only concern is that I would not want it to evolve into a chat room for the hot stock of the day or M&A speculation.
questions seem to come up regularly in all three fields.