18 months ago I transferred our retirement portfolio to a capital management firm. I had managed it up until then. . I had us in about 10 different SEP IRA and SIM IRA and just IRA’s. Everything was either through American Century or American Funds.Nothing fancy, I mostly just added to the funds each year. Started having too much going on at work and dealing with terminally ill parents to properly look after it. So we thought a professional would better grow it even with the advisor fees.
Just had our meeting with FA (CIMA) for 2014 results, he started the conversation with “we underperformed”
Their goals for our portfolio was 7-8%, moderate growth & income. Asset allocation is 16% cash, 16% bonds and 68% growth/income equities.
Total was 3.2% growth for 2014. Given the S%P was 13.7% for 2014 I feel we missed out on a significant opportunity to grow our portfolio.
I’m interested in what some of you think, I checked the performance of the funds we were in prior and for 2014 and the average growth would have been a little over 8%.
I am considering take back managing our portfolio. I’ll be 60 in 2 months.
Thanks
DBdog (our golden retriever)
Just had our meeting with FA (CIMA) for 2014 results, he started the conversation with “we underperformed”
Their goals for our portfolio was 7-8%, moderate growth & income. Asset allocation is 16% cash, 16% bonds and 68% growth/income equities.
Total was 3.2% growth for 2014. Given the S%P was 13.7% for 2014 I feel we missed out on a significant opportunity to grow our portfolio.
I’m interested in what some of you think, I checked the performance of the funds we were in prior and for 2014 and the average growth would have been a little over 8%.
I am considering take back managing our portfolio. I’ll be 60 in 2 months.
Thanks
DBdog (our golden retriever)