Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Suggestions for DIY investing
Old 10-08-2014, 11:42 PM   #1
Recycles dryer sheets
 
Join Date: Oct 2014
Location: Granbury
Posts: 91
Suggestions for DIY investing

I think I am going to fire my broker. Suggestions on DIY? Experiences with Vanguard or Fidelity? Do you invest in their mutual funds that they suggest based on the questions they ask?
__________________

__________________
World Traveler 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 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!

Old 10-09-2014, 12:33 AM   #2
Dryer sheet aficionado
 
Join Date: Jun 2012
Location: Los Angeles, CA
Posts: 48
Quote:
Originally Posted by World Traveler View Post
I think I am going to fire my broker. Suggestions on DIY? Experiences with Vanguard or Fidelity? Do you invest in their mutual funds that they suggest based on the questions they ask?
That's like saying "I'm going to fire the car salesman down at the dealership who is trying to sell me a car". Are you aware that brokers don't legally work for you? That's why he isn't charging you directly. Google fiduciary duty VS suitability standard.
Index investing is a smart way to go. I invest in VOO and AGG. That's basically it. Vanguard's and Ric Edelman's portfolio selectors are helpful in giving you a good idea as to how much to allocate in bond ETF VS stock ETF.
__________________

__________________
ReadySkiDaddy is offline   Reply With Quote
Old 10-09-2014, 07:02 AM   #3
Recycles dryer sheets
INTJ10's Avatar
 
Join Date: Feb 2011
Location: Tampa Bay Area
Posts: 52
I prepared for DIY by reading The Boglehead's Guide to Investing. I read a bunch of other material but this book provided a good framework.


Sent from my iPhone using Early Retirement Forum
__________________
INTJ10 is offline   Reply With Quote
Suggestions for DIY investing
Old 10-09-2014, 07:37 AM   #4
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,337
Suggestions for DIY investing

I started my investments DIY in the early 1980's with advice from various people, including our 401k guy. I took an investment course, got my business degree with focus on finance, and read several books including Bogleheads Guide to Investing. (Still refer to this book). Also talked with vanguard rep's. I've tweaked my investments and AA through the years based on these conversations and readings.



Sent from my iPad using Early Retirement Forum
__________________
Ronstar is offline   Reply With Quote
Old 10-09-2014, 09:40 AM   #5
Recycles dryer sheets
 
Join Date: Jul 2013
Posts: 388
Quote:
Originally Posted by World Traveler View Post
Suggestions on DIY?
Bogleheads® investing start-up kit - Bogleheads
__________________
mrfeh is offline   Reply With Quote
Old 10-09-2014, 10:34 AM   #6
Recycles dryer sheets
 
Join Date: Oct 2014
Location: Granbury
Posts: 91
Sorry meant to say FA. Thanks all I will read bogleheads books.
__________________
World Traveler is offline   Reply With Quote
Old 10-09-2014, 10:42 AM   #7
Thinks s/he gets paid by the post
nash031's Avatar
 
Join Date: Jun 2013
Location: Coronado
Posts: 1,486
Quote:
Originally Posted by INTJ10 View Post
I prepared for DIY by reading The Boglehead's Guide to Investing. I read a bunch of other material but this book provided a good framework.
Haven't read the book, but more or less am a Boglehead as I seem to have stumbled into that scheme of investing over the years. Now a member of the BH forum, it's how I do things.

Vanguard... Total Stock and Total International... TSP G fund. Investing made simple and very cost effective.
__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
nash031 is offline   Reply With Quote
Old 10-09-2014, 02:27 PM   #8
Recycles dryer sheets
 
Join Date: Oct 2014
Location: Granbury
Posts: 91
Quote:
Originally Posted by nash031 View Post
Haven't read the book, but more or less am a Boglehead as I seem to have stumbled into that scheme of investing over the years. Now a member of the BH forum, it's how I do things.

Vanguard... Total Stock and Total International... TSP G fund. Investing made simple and very cost effective.
My TSP account is made up of the indexes.

I noticed my returns from TSP and company 401k were better than my FA's.
__________________
World Traveler is offline   Reply With Quote
Old 10-10-2014, 04:24 AM   #9
Dryer sheet aficionado
 
Join Date: Jun 2012
Location: Los Angeles, CA
Posts: 48
Quote:
Originally Posted by World Traveler View Post
I noticed my returns from TSP and company 401k were better than my FA's.
And did you get one of those guaranteed income riders? If so then do you see 2 "return" values on your statement? The way that you evaluate an investment is by calculating return on investment. With these annuities it is typical that what really matters -- your cash surrender value (which determines ROI) becomes substantially less over time.
__________________

__________________
ReadySkiDaddy is offline   Reply With Quote
Reply


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
DIY network program Renovation Realities calmloki Other topics 0 11-20-2008 02:19 AM
DIY Termite treatment? sailor Other topics 1 11-12-2008 03:23 PM
DIY Projects Jay_Gatsby Other topics 55 06-28-2008 09:05 PM
DIY'ers - What on-line account service do you use? Keopele FIRE and Money 14 07-16-2007 09:21 PM
DIY landscaping wabmester Other topics 40 07-23-2005 05:46 PM

 

 
All times are GMT -6. The time now is 08:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.