Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Investment Manager fees
Old 04-14-2004, 03:23 PM   #1
Recycles dryer sheets
Join Date: Jun 2004
Posts: 62
Investment Manager fees

About 1 year after I retired I gave a large chunk of my retirement portfolio to an investment manager. He has done a good job but charges 1% of the balance as a fee. I recently realized that this would amout to 1 million over the next 30 years. I could do a lot with that over that time. So could my heirs. Should I just put everything in a balanced fund and forget it?

oldcrowcall is offline   Reply With Quote
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 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!

Re: Investment Manager fees
Old 04-14-2004, 04:00 PM   #2
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
Join Date: Feb 2003
Location: DFW
Posts: 2,664
Re: Investment Manager fees


As long as you have a basic understanding of what you're doing, I see no reason to pay somebody 1% in addition to whatever brokerage fees and mutual fund loads & fees he incurs while managing your money.

You can pick one balanced fund or you could make your own mix of funds by stock, bond, sector, etc..

If you knew enough to accumulate enough to retire, find this board and ask that question I'd bet you're better off ditching the manager.

BigMoneyJim is offline   Reply With Quote
Re: Investment Manager fees
Old 04-15-2004, 11:08 AM   #3
Recycles dryer sheets
Join Date: Mar 2004
Posts: 444
Re: Investment Manager fees

I found an asset manager who takes a (pretty small) flat fee ( and another one ( whose percentage fees are very small.

Both of these companies use DFA, which is the only reason I was considering asset management. Keep reading (and try doing a search on Dimensional Fund Advisors - DFA both here and on Google). You will learn a LOT and save more of those millions!

trumpeting_angel is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trustee Fees -- Options pedorrero FIRE and Money 8 05-05-2007 10:26 AM
Why vanguard's expenses are so cheap, lousy customer service/hidden fees Olav23 FIRE and Money 57 03-18-2007 06:20 AM
Managing my Investment Advisor Rich_by_the_Bay FIRE and Money 3 03-22-2006 01:44 PM
Looking for opinions on this Unit Investment Trust Dude FIRE and Money 15 03-07-2006 11:37 AM
investment manager fee oldcrowcall FIRE and Money 4 04-15-2004 07:28 AM

» Quick Links

All times are GMT -6. The time now is 03:21 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.