wrichards58
Recycles dryer sheets
- Joined
- Jul 13, 2012
- Messages
- 60
I really do not feel confident in managing my money so I am looking at financial manager.... does anyone know anything of fisher investor group
I just read the thread on Fisher, which I believe could be just as better off staying with Vanguard funds... where can I learn at ETFs..... I am a type of person that watch my money at least once a week.... I feel that I want to be careful with what I have...Go to the Bogleheads web-site and read the thread on the 3 fund portfolio and see if it makes sense to you. You might find yourself more comfortable with the possibility of doing it yourself. The money you save on management and investment fees will buy a lot of other stuff.
could you please give me that link so I can read... If I start reading then I might feel more comfortable with doing things myselfGo to the Bogleheads web-site and read the thread on the 3 fund portfolio and see if it makes sense to you. You might find yourself more comfortable with the possibility of doing it yourself. The money you save on management and investment fees will buy a lot of other stuff.
I went and read a few threads where you asked financial-type questions. I think it would be a good idea if you get an account at Bogleheads.org and introduce yourself there. The best course would be to lay out a summary of your situation, and begin a conversation with those folks. I think if you start with "where you are now" and what your future needs might be, then the conversation will progress, and you'll end up with a free plan that works. But it will take some time and you will have to work through reading and understanding many posts.could you please give me that link so I can read... If I start reading then I might feel more comfortable with doing things myself
I just read the thread on Fisher, which I believe could be just as better off staying with Vanguard funds... where can I learn at ETFs..... I am a type of person that watch my money at least once a week.... I feel that I want to be careful with what I have...
Have you considered some of Vanguard's balanced funds?
Wellesley, Wellington, STAR or the Target Date funds depending on your desired AA. Simple and effective. Set it and forget it.
This in my estimation is an incredibly good approach for many. The allocations are set and you can from that point forward ignore it except when cashing out some of your money.
I have chosen to go with the 3 fund portfolio approach instead because I can hit the minimums to qualify for Ambassador shares which have even lower expense ratios. The balanced funds don't have Ambassador shares availble but the balanced funds have such low expense ratios I am most likely splitting fine hairs.
Anyone here use Portfolio Solutions (Rick Ferri)? See:
Investment Philosophy | Rick Ferri
For those who feel not quite confident enough to go it alone, his system looks attractive, using low cost index funds and charging a low 0.25% management fee.
charging a low 0.25% management fee.
Yes, 0.25% is a large chunk of a 3% withdrawal rate. But how many of us are making 0.5%, 1%, or worse mistakes most years by not sticking to the plan? I am a firm believer in educating myself to where I can DIY. I do not see myself relinquishing control to an adviser. But I have to wonder if I might not be better off doing so, if just to get dispassionate execution of the plan.
(2) If there are significant chunks in both taxable and tax-advantaged accounts, choose Life-Strategy (or Target Retirement) funds in each, such that they have higher bond percentage in tax-advantaged account and lower bond percentage in tax-deferred, and so that their average stock/bond split (weighted based on amounts in taxable vs tax-advantaged) approximates what you are comfortable with.