How many totally manage their own nest egg?

[Gumby]

Always have, always will. Opened a discount brokerage account at Quick & Reilly in 1981. Bought my first Vanguard mutual fund in 1984 (Windsor).

 

[Midpack]

I used a retail broker starting in 1987, but I’ve been a DIY investor 100% since 1990.

 

[Dtail]

Never used an advisor and was at 100% stock for many years, but more out of ignorance at that time.
Better to be lucky sometimes.

 

[Kwirk]

I've always managed my own. (And, I suspect that no manager would want to put up with my very intrusive oversight.)

 

[jimbee]

I manage my own investments. I've never used a financial advisor.

 

[Aerides]

We had an FA for our taxables (about 1/3 of our nut) for a while, when we lacked knowledge and confidence. If someone is fearful and on the sidelines, an FA can be better than a savings account.

Once we got a little confidence, we pulled the plug, about 3.5 years ago, now I manage everything.

 

[razztazz]

I have always handled my own money. My broker/mutual fund company has some sort of advice team I can ask questions of and sometimes they email me and remind me of that fact. I don't know if everybody gets it or it's just because I am a medium-high-roller on their totem pole and warrant such attention.


The reality is I have never contacted them for input or advice regarding investments

 

[RobbieB]

I only handle cash.

Merrill Lynch does my equities and Fidelity and Morgan Stanley do my muni bonds.

 

[Fermion]

I did have a guy last year from Etrade contact me asking to be my premier account contact and offering to manage my taxable account there. I asked him to look up my return for 2018, he came back and said it was 112%. I said I think I am ok.

 

[Dean56]

I manage my own investments. I've never used a financial advisor, I can't see paying somebody for something I enjoy doing.

 

[gerntz]

Not I

 

[Alexi]

I've always done my own taxes and manage my own nest egg.

 

[rodi]

I manage our household portfolio and day to day finances. I also manage the financial and marketing aspects of our granny flat/Casita - but I have a lacky (husband) to do the maintenance. Marketing has been exceptionally easy since our current tenants have been here for 5 years and don't seem like they want to move.

This week I also managed our car fleet... selling the 97 toyota... and starting negotiations with various subaru dealers on the replacement vehicle. LOL.

 

[ziggy29]

Been free from Ameriprise 5 years now, ever since discovering the Bogleheads website.

We've proudly seen a few Ameriprise refugees pass through these virtual gates.

 

[Car-Guy]

DIY for me.

 

[ejman]

I did consult with two different FAs when I was considering this crazy FIRE stuff just to make sure I was not off my rocker. They both said it looked doable so its been 17 years and so far so good. No, I didn't hire their services since I got to FIRE without their help so I figured I might as well continue the same way.

 

[kevdude]

I manage all of our investments, including our rentals, which are about 2.5x the value of our marketable securities/cash. We've started selling some of the rental properties and once we're totally out, I may mention to DW to look into Vanguard's PAS once I'm gone as she really has no interest in managing our investments at this time.

 

[rk911]

we do and have been since we started investing in 1982. we did consult a FP last year to seek advice on preserving capital but that's the only professional advice we've had. my bro-in-law's advice got us started and we took it from there.

 

[Ronstar]

I am a hybrid. DW’s ira is with an FA. She likes him. To avoid marital strife, I put some ira $ with the same FA. But I tell him how I want the $ invested. So in essence I mostly manage all of my $.

 

[Sunset]

I manage ours, and help/advise/manage 2 relatives so they no longer get ripped off (charged a 2% fee + fund fees) by FA's.

 

[Red Badger]

Buy and hold:
Total market mutual fund
TIPS
CD's/cash
About 75% equities as pensions & SS cover the basics. All easy peasy.

Can't see any value in letting an FA turn some of my money into his/her money.

 

[ShokWaveRider]

Nope No FA …… Ever
Yes I do, always have.

 

[Dtail]

I am a hybrid. DW’s ira is with an FA. She likes him. To avoid marital strife, I put some ira $ with the same FA. But I tell him how I want the $ invested. So in essence I mostly manage all of my $.

Can't convince the DW in letting you manage her IRA? I would think you have all the requisite knowledge and those FA fees can be spent on more exciting stuff.

 

[mrfeh]

To answer the question, I do.

+1

Investing is not rocket science. With a little effort, almost everybody should be able to manage their own portfolio.

 

[Eagle43]

I do. The pile has grown substantially under my management [emoji41].