firemediceric
Recycles dryer sheets
- Joined
- Aug 9, 2017
- Messages
- 207
In my role as a registered professional guardian, I am responsible for the assets of my incapacitated clients. Most of them have more money than I will ever have. Recognizing that I am not real smart regarding money, the clients investments are managed by a financial adviser. While meeting with him today regarding client matters, I had him look at my plan to FIRE on 11/1/22. That plan is at http://www.early-retirement.org/forums/f26/t-minus-4-years-93246.html
He feels I'm solid but he suggests some small changes to my modest portfolio. I'm not sure I agree with him despite his knowledge versus mine.
He recommends I get rid of my S&P 500 index fund, the Schwab 1000 index fund, and a health care fund. He suggests I put that money into the Rational Dividend Capture Fund (HDCAX) Some of my concerns are the front load of 4.75% and the expense ratio of 1.64%. By comparison the S&P 500 index fund where most of my money is at has no front or back load and the expense ratio is only 0.03%
He does recommend I hang on to my International Index fund.
He also recommends I switch my Putnam Growth and Opportunities holdings for the Putnam Absolute Return 700 Multi-Strategies fund. I have no feeling regarding that one way or the other. I'm too ignorant to know which is better.
So what say you all? Do I follow the broker's advice?
I can tell you that in the 10+ years he's been managing my clients money he has always been conservative. He'd rather preserve the money even if it has meant allowing gains to pass by as the market has performed well.
He feels I'm solid but he suggests some small changes to my modest portfolio. I'm not sure I agree with him despite his knowledge versus mine.
He recommends I get rid of my S&P 500 index fund, the Schwab 1000 index fund, and a health care fund. He suggests I put that money into the Rational Dividend Capture Fund (HDCAX) Some of my concerns are the front load of 4.75% and the expense ratio of 1.64%. By comparison the S&P 500 index fund where most of my money is at has no front or back load and the expense ratio is only 0.03%
He does recommend I hang on to my International Index fund.
He also recommends I switch my Putnam Growth and Opportunities holdings for the Putnam Absolute Return 700 Multi-Strategies fund. I have no feeling regarding that one way or the other. I'm too ignorant to know which is better.
So what say you all? Do I follow the broker's advice?
I can tell you that in the 10+ years he's been managing my clients money he has always been conservative. He'd rather preserve the money even if it has meant allowing gains to pass by as the market has performed well.
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