Originally Posted by Enuff2Eat
Is it wishful thinking or greedy of me to ask my financial advisor to get us a higher return than the index SP500? The financial advisor says that "he can help me and manage my portfolio" . If not, what is the point of paying them? I could just stick with what I already have....
FA can't even beat sp500...so they hoover around 5-6%.... maybe I just buy CD ladder?
I've never had a financial advisor with investing, but I dont think its a bad idea. Anyway, I invest in both CDs and stocks. CDs are still good rates right now compared to the last 15 years. I am considering selling additional stock for another medium term CD at 5%.
DollarSavingsDirect still has a 3-year 5% CD. Just opened one, and thinking about another. Especially with Fed reserve talk to start lowering rates again.