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Old 02-10-2024, 08:24 AM   #41
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Originally Posted by Enuff2Eat View Post
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?

enuff2eat
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.

dollarsavingsdirect.com/securebanking/login.do
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Old 02-10-2024, 01:29 PM   #42
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Look at the investment strategies by Paul Merriman that beat the S&P 500 - long term (as in decades). Alll of his strategies are based on academic study of returns over decades (of course, they cannot predict the future) This may also simplify your portfolio and the advisor may not be needed. You also need to consider your age and risk tolerance plus if you have enough money already and do not need to have higher risk.
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Old 02-10-2024, 01:46 PM   #43
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Look at the investment strategies by Paul Merriiman that beat the S&P 500 - long term (as in decades). This may also simplify your portfolio and the advisor may not be needed.
I looked here: https://www.paulmerriman.com/these-7...-than-50-years These appear to be portfolios constructed by backtesting. To use backtesting to find winners is the easiest thing in the world. You just follow Will Rogers' advice: "If it don't go up, don't buy it."
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Old 02-10-2024, 03:38 PM   #44
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I suggest that you fire your current FA and purchase 100% VG TSM fund then let 'er ride. If this does not work after 15-20 years, get back to me and I will come up with something else.
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Old 02-10-2024, 04:04 PM   #45
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A few years ago, I show my DFIL in the middle of the 30 pages year end statement of his Chase investments (full of legalise) was the fee they charged $2,000 on a $100K account.

It didn't include the fund charges for each of the many investments in the account.

Emphasis mine.

I noticed this in the account a parent had that was managed by Raymond James. The loaded funds and also funds of funds that RJ was putting their money in plus the AUM would have cut a huge chunk in their retirement balance had they not changed to just indexing at Vanguard many years ago.
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