Instead of starting a new thread, let me take this one a bit off topic (I know I’m a newbie here but I figure it’s OK since I was the OP). Can anyone suggest a good pay as you go independent financial advisor in the Northern Virginia (FFX or Loudon County) area that has reasonable hourly rates (whatever that is for this area $200 to $250/hour?). I am just not a good DIY type investor. I can monitor things, know when things need to be changed, but never seem to know what changes to make when needed (at best, I’ve batted 50% over the years on investment decisions). I am sure everything I need to know is posted on this site, but it would take me weeks to read it all and educate myself. I think my AA my current allocation is reasonable (Large cap, small cap, international (American funds and some of my 401K), different bond funds, emerging markets, some old $10K I bonds earning a decent return, cash, PMs….) but it needs a lot of tweaks, especially with the specific funds I’m in. So the 8% in the American Funds is kind of the tip of the iceberg. (Current AA summary is about 50% different types of bonds, 35% different types of stocks, 8% cash/MM, 7% PMs).
After reading all the good posts here and on some other threads, I really need to get a sanity check and probably need to have a independent professional assessment done on where I have all my money and what may be some better strategies/funds (not that I really have a strategy of any significance other than need to develop one). I have low to moderate risk tolerance, don’t want to be on the internet all day reading financial articles and posts here, checking out funds, and trading. I also do not want someone actively managing my money for me and paying the fees (I guess it is a control issue I have).
Thanks