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11-15-2019, 05:48 PM
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#21
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Dryer sheet aficionado
Join Date: Jan 2014
Posts: 40
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Been free from Ameriprise 5 years now, ever since discovering the Bogleheads website.
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11-15-2019, 05:56 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Oct 2013
Posts: 1,186
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I manage our finances and investments, including our rental properties, without any outside assistance.
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11-15-2019, 05:57 PM
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#23
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gone traveling
Join Date: Jun 2008
Posts: 424
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Please read 'Modern Money Mechanics' and Bogleheads.org advocacies, as well as a few of its recommended books.
Do not kid yourself, you're probably paying more in fees.
I'd bet* that 1.3% is an AUM fee on top of the funds expense ratios, plus  other fees!
I've always DIY, since the 11/12% Mass muni bond funds of the 80s.
Good luck!
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How many totally manage their own nest egg?
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11-15-2019, 06:11 PM
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#24
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Recycles dryer sheets
Join Date: Aug 2014
Posts: 138
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How many totally manage their own nest egg?
I manage my investments myself. Have accounts at Vanguard and Fidelity. CD’s treasures etc..I keep it as simple as I can. Have a CPA that I’ll use at tax time.
__________________
It's not what you earn. It's how you spend it.
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11-15-2019, 06:25 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,083
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Self managed. Worked in the securities industry so I am familiar with investments.
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11-15-2019, 06:32 PM
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#26
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Administrator
Join Date: Apr 2006
Posts: 23,038
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Always have, always will. Opened a discount brokerage account at Quick & Reilly in 1981. Bought my first Vanguard mutual fund in 1984 (Windsor).
__________________
Living an analog life in the Digital Age.
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11-15-2019, 06:33 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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I used a retail broker starting in 1987, but I’ve been a DIY investor 100% since 1990.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-15-2019, 06:34 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
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Never used an advisor and was at 100% stock for many years, but more out of ignorance at that time.
Better to be lucky sometimes.
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TGIM
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11-15-2019, 06:34 PM
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#29
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Full time employment: Posting here.
Join Date: Mar 2006
Posts: 524
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I've always managed my own. (And, I suspect that no manager would want to put up with my very intrusive oversight.)
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11-15-2019, 06:39 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 1,225
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I manage my own investments. I've never used a financial advisor.
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11-15-2019, 06:42 PM
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#31
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Moderator
Join Date: Nov 2015
Posts: 13,920
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We had an FA for our taxables (about 1/3 of our nut) for a while, when we lacked knowledge and confidence. If someone is fearful and on the sidelines, an FA can be better than a savings account.
Once we got a little confidence, we pulled the plug, about 3.5 years ago, now I manage everything.
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11-15-2019, 06:44 PM
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#32
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,969
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I have always handled my own money. My broker/mutual fund company has some sort of advice team I can ask questions of and sometimes they email me and remind me of that fact. I don't know if everybody gets it or it's just because I am a medium-high-roller on their totem pole and warrant such attention.
The reality is I have never contacted them for input or advice regarding investments
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11-15-2019, 07:05 PM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I only handle cash.
Merrill Lynch does my equities and Fidelity and Morgan Stanley do my muni bonds.
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11-15-2019, 07:08 PM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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I did have a guy last year from Etrade contact me asking to be my premier account contact and offering to manage my taxable account there. I asked him to look up my return for 2018, he came back and said it was 112%. I said I think I am ok.
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11-15-2019, 07:23 PM
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#35
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 265
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I manage my own investments. I've never used a financial advisor, I can't see paying somebody for something I enjoy doing.
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11-15-2019, 07:26 PM
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#36
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Not I
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11-15-2019, 07:44 PM
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#37
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gone traveling
Join Date: Nov 2019
Posts: 68
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I've always done my own taxes and manage my own nest egg.
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11-15-2019, 07:49 PM
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#38
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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I manage our household portfolio and day to day finances. I also manage the financial and marketing aspects of our granny flat/Casita - but I have a lacky (husband) to do the maintenance. Marketing has been exceptionally easy since our current tenants have been here for 5 years and don't seem like they want to move.
This week I also managed our car fleet... selling the 97 toyota... and starting negotiations with various subaru dealers on the replacement vehicle. LOL.
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Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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11-15-2019, 07:50 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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 Quote:
Originally Posted by tsoispf
Been free from Ameriprise 5 years now, ever since discovering the Bogleheads website.
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We've proudly seen a few Ameriprise refugees pass through these virtual gates. 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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11-15-2019, 07:54 PM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,932
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DIY for me.
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