getoutearly
Recycles dryer sheets
- Joined
- Jan 27, 2006
- Messages
- 77
I've been reading the 4 pillars, coffehouse investor etc. One of them talks about a very simple portfolio which has just the total market index, and a bond index or treasury directs.
A more involved portfolio would replace the total stock market fund with its individual components (large caps, large value, small caps, small value etc.) If all of the (what I'm calling) Component indexes just divide up the total market, what are you gaining?
Also, what is everyone's recommendation on where to do this from. I'm leaning toward Vanguard, as those are probably going to be the bulk of the index holdings. What about Fidelity, or Schwab? No reason to do it with them if I'm going to be almost exclusively in Vanguard funds I presume.
Am currently using one of the mega bank's FA and keeping ~40% of portfolio with them currently. I know, I know, I'm about to pull the trigger.... The good thing is they do give me allocation advice for my entire portfolio, for the cost of their fee on 40% of the portfolio. Still too high, I know - especially since they do not have me in any index funds.
Also, does Vanguard have the full suite of financial goodies; debit cards, checking acct etc? Presume I will be able to easily move funds to and from them electronically. Currently, with my banker being my broker, it's all in one easily accesible online site. It is a big plus if I can keep everything consolidated at one or two places. Cuts down on some of the clutter. Possibly get rid of the bank and do everything with Vanguard. Did that with Schwab a while back. Kind of a pain at times, since they are not actually a bank (getting checks cashed etc.)
A more involved portfolio would replace the total stock market fund with its individual components (large caps, large value, small caps, small value etc.) If all of the (what I'm calling) Component indexes just divide up the total market, what are you gaining?
Also, what is everyone's recommendation on where to do this from. I'm leaning toward Vanguard, as those are probably going to be the bulk of the index holdings. What about Fidelity, or Schwab? No reason to do it with them if I'm going to be almost exclusively in Vanguard funds I presume.
Am currently using one of the mega bank's FA and keeping ~40% of portfolio with them currently. I know, I know, I'm about to pull the trigger.... The good thing is they do give me allocation advice for my entire portfolio, for the cost of their fee on 40% of the portfolio. Still too high, I know - especially since they do not have me in any index funds.
Also, does Vanguard have the full suite of financial goodies; debit cards, checking acct etc? Presume I will be able to easily move funds to and from them electronically. Currently, with my banker being my broker, it's all in one easily accesible online site. It is a big plus if I can keep everything consolidated at one or two places. Cuts down on some of the clutter. Possibly get rid of the bank and do everything with Vanguard. Did that with Schwab a while back. Kind of a pain at times, since they are not actually a bank (getting checks cashed etc.)