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01-09-2019, 08:20 PM
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#81
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Confused about dryer sheets
Join Date: Sep 2015
Posts: 4
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I have been paying 1% to advisor, now planning to transfer all to Vanguard advisor at one third current cost. Have some money in Schwab not-so-Intelligent Portfolio, which has lost money for these past 2 years, although in conservative plan. I really know how to pick ‘em. Please tell me I can count on Vanguard to do better for me.
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01-09-2019, 08:39 PM
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#82
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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 Quote:
Originally Posted by sallie50th
I have been paying 1% to advisor, now planning to transfer all to Vanguard advisor at one third current cost. Have some money in Schwab not-so-Intelligent Portfolio, which has lost money for these past 2 years, although in conservative plan. I really know how to pick ‘em. Please tell me I can count on Vanguard to do better for me.
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You should do at least .70 better due to lower costs. Most people lost some
last year, but 2017 should have been up over 12% with a 50\50 portfolio.
__________________
Retired May 13th(Friday) 2016 at age 61.
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01-09-2019, 11:44 PM
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#83
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by sallie50th
....... Please tell me I can count on Vanguard to do better for me.
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You really have to compare to bench marks. For example, your domestic stock returns should at least be equal to a S&P 500 index.
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01-10-2019, 12:27 AM
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#84
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Confused about dryer sheets
Join Date: Sep 2015
Posts: 4
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Thank you👍
I feel better already. Why pay people to lose my money? I can do that myself for free.
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01-10-2019, 05:48 AM
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#85
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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Quote:
Originally Posted by sallie50th
I feel better already. Why pay people to lose my money? I can do that myself for free.
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Great quote sallie50th, Just buy the market with index funds in a asset allocation you can live with. If the market gains, you gain.
__________________
Retired May 13th(Friday) 2016 at age 61.
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01-10-2019, 05:54 AM
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#86
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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: 11,299
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These days if you are buying index funds and self managing, your fees should be under .05%.
__________________
TGIM
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01-10-2019, 10:48 AM
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#87
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by sallie50th
I feel better already. Why pay people to lose my money? I can do that myself for free.
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Because they hope the FA will do better than the market. Once in a while, they do. Hope is eternal.
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01-10-2019, 07:37 PM
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#88
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 2,555
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Quote:
Originally Posted by RobbieB
My example is I have a WR of 4% and a fee of 1% and the guy is making me 18% so my net worth is increasing at 13%.
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I your guy named Bernie? We should all use your advisor!
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