|
|
Replying to include Portfolio link for comments
04-29-2019, 09:02 AM
|
#21
|
Recycles dryer sheets
Join Date: Mar 2019
Location: Erie
Posts: 239
|
Replying to include Portfolio link for comments
Quote:
Originally Posted by target2019
If you post the link to your shared portfolio at M*, that would probably be sufficient.
I mentioned in your other thread that consolidation will help. You have about 35-40 positions in mutuals, etc.
M* says your E/R is .75, so I'd like to point out the possibility of consolidating high expense funds into low expense ETFs or funds. You may be able to re-capture .50 of expenses. That will be quite a bit of money over the next 10-20 years.
Good fortune to you.
|
Hi, i wasn't sure if i should start a new thread but in any event per your suggestion linked my updated portfolio holdings from M* - It is a view that consolidates tax-deferred (2 accounts) and Taxable in one view, so part of the reason there are as many positions as shown is the fact that there are three different brokerage accounts reflected/represented. Probably should have explained that originally. Anyway, would welcome any thoughts on the current allocation! Much appreciated, Mike
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
04-29-2019, 10:28 AM
|
#22
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,719
|
Quote:
Originally Posted by mikes425
Hi, i wasn't sure if i should start a new thread but in any event per your suggestion linked my updated portfolio holdings from M* - It is a view that consolidates tax-deferred (2 accounts) and Taxable in one view, so part of the reason there are as many positions as shown is the fact that there are three different brokerage accounts reflected/represented. Probably should have explained that originally. Anyway, would welcome any thoughts on the current allocation! Much appreciated, Mike
|
Are all three accounts managed by FA? What is annual fee percentage paid to FA?
Since this forum has a majority of DIY investors, you'll get similar advice as from Bogleheads or M*. You have three investing spaces (what I call them) and more than 35 investments. 2-3 investments per space will get the job done. Since you're paying for advice with FA, what advice are you looking for here?
As I mentioned, simplifying while getting free of high expense funds will put more of the returns in your pocket.
|
|
|
04-29-2019, 02:03 PM
|
#23
|
Recycles dryer sheets
Join Date: Mar 2019
Location: Erie
Posts: 239
|
Quote:
Originally Posted by target2019
Are all three accounts managed by FA? What is annual fee percentage paid to FA?
Since this forum has a majority of DIY investors, you'll get similar advice as from Bogleheads or M*. You have three investing spaces (what I call them) and more than 35 investments. 2-3 investments per space will get the job done. Since you're paying for advice with FA, what advice are you looking for here?
As I mentioned, simplifying while getting free of high expense funds will put more of the returns in your pocket.
|
The three accounts are managed in collaboration with the FA whom I just review things with a few times a year, entirely hourly-basis...no commission/fee attached. I just wanted to clarify that when you point out '35 investments' that they are not all in the same account, but that is the cumulative total that exists across three different accounts. There are holdings that are in tax-deferred but not taxable account for a strategic reason. I get the simplification to modify ER but I guess I don't see .75 % overall as necessarily extreme -again in part given that i have no AUM expense in working with an hourly advisor for a fraction of what that cost would be.
|
|
|
04-29-2019, 08:05 PM
|
#24
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,719
|
Your first sentence says to me that you meet a few times a year with your FA and do not pay a commission or fee. But it also may be that you pay hourly. Whatever you call the payment, it is part of your expense ratio.
Most discussions like this one, at E-r.org, eventually contain one reference to expected real return of 4% for typical investor. If that is true, continuing with your expenses of . 75 means you give up about 19% of real return each year.
|
|
|
04-29-2019, 08:17 PM
|
#25
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,727
|
What caught my attention about your portfolio is this:
1-Yr Return 0.67%
__________________
*********Go Yankees!*********
|
|
|
04-30-2019, 12:05 PM
|
#26
|
Recycles dryer sheets
Join Date: Mar 2019
Location: Erie
Posts: 239
|
Quote:
Originally Posted by aja8888
What caught my attention about your portfolio is this:
1-Yr Return 0.67%
|
Something's wrong with that chart. According to PersonalCapital performance YTD is 11.86%. Per Brokerage Info, Returns for the total portfolio are
10.2% YTD,
4.45% 1-year,
7.03% 3-year
5.38% 5-year
M* portfolio functionality is majorly dysfunctional in my experience. Have to check that out and see what it's miscalculating or what data is missing for proper calc.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|