Originally Posted by Walt34
Welcome to the forum. Others will be along shortly to comment on your AA but it could be simplified down to three or four. Have you read Andrew Hallam's The Millionaire Teacher
? It's a great primer on investing.
Nothing jumps out at me as being awful with what you're doing now though.
No I havent read that. Iv read a few others, but I still don't feel like I learned what I needed.
My port looks much different now. In the beginning, he had me in VBIAX , VFIJX GNMA Fund, and VWEAX High-Yield Corporate Fund. After he left, I didn't know when to get out of gnma and hy. I do like vbiax, I think.
Originally Posted by bingybear
welcome to the forum. Really you are talking about shifting your Stock/bond ratio... but not showing that you don't like what the advisor had picked. The VINEX really picked up the small/midcap foreign where the VTIAX is listed more as a large blend.
Right now the market is a bit confusing. Stocks are at somewhat high valuations and bonds are a concern because rates likely will rise. so which way do you run?
Probably the right thing to do now is take stock of what you have an need... some planning. What do you need your nest egg to do to make your retirement (early or not) work for you. Then how much growth do you really need? Then what is your risk tolerance and how much volatility can you stomach? Then work on determining the best allocation.
If bond rates go up fast... likely we will see problems with bond losses. If they go up slowly, it may not be as bad.
Yeah, how much and how fast rates rise are the variables. If they actually do. They have been going down since the 80's and there's only one way to go. Or is there?
If we have that correction monday Ill be in a good position. If the market flounders around with dismal returns like predicted and I don't get the signal Iv been waiting for, it will make reallocating difficult for me. I guess I can dca.
As far as what I need? Id like to manage my money where the dividends are all I need. Right now they are about 3k monthly. If I could increase that to 4k, I could do that and actually leave the money to my kids when I croak
Originally Posted by donheff
You may be a bit conservative when looking in the year view mirror, but no disaster. Go slow with reallocation as bingybear says. But I am curious about how he "fired you." Was he advising you for free as a favor to your mother? If so, I can see him stepping back after giving you his initial point of view. The fact that he put you in a handful of VG index funds speaks to his good will - unless he charged you 1% of your inheritance to do it.
No I paid him a percentage..
Leaving a needy client after investing his money without recommending a replacement? The least he could have done was explained to me what is plan was.. Because I know he would have dumped a few of the funds he bought with my money long before I did.