I am using a financial advisor that has had the majority of my liquid assets for one-year now.
He is ranked by Forbes inside the top 200 RIA firms nationwide.
I am a business owner, so there is some level of complication to it.
Roth, Defined Benefits Plan, 529s, Inherited 401k, IRA.
My allocation is about 80% stocks and I am about 10 years from retirement.
In the first full calendar year of having my liquid assets, they posted a 10.9% return.
Over the same term, S&P did 26%, NASDAQ did 34%, Dow did 16%.
Would you say this is lackluster performance such that I might consider opening an "etrade account" somewhere and while continuing to contribute to my required contributions with him, start investing on my own by simply finding a low cost index fund package that rides all three indices and NEVER trade them? Just contribute to them and forget.
I understand that the idea of the financial advisor is that they are going to keep me from LOSING my nest egg, and help manage the defined benefits account and convert it to a roth or whatever when I retire. However I am leaving a TON of money on the table in unrecognized earnings on my money and think like a robot could do better than 10.9% over the last 12 months.
Im not an investment guy, so any help would be appreciated. I dont want to day trade or buy single stocks. I just want to dollar cost average more of my money into an account that just rides out the index since I dont believe that 10.9% deserves more of my money in any meaningful way.
He is ranked by Forbes inside the top 200 RIA firms nationwide.
I am a business owner, so there is some level of complication to it.
Roth, Defined Benefits Plan, 529s, Inherited 401k, IRA.
My allocation is about 80% stocks and I am about 10 years from retirement.
In the first full calendar year of having my liquid assets, they posted a 10.9% return.
Over the same term, S&P did 26%, NASDAQ did 34%, Dow did 16%.
Would you say this is lackluster performance such that I might consider opening an "etrade account" somewhere and while continuing to contribute to my required contributions with him, start investing on my own by simply finding a low cost index fund package that rides all three indices and NEVER trade them? Just contribute to them and forget.
I understand that the idea of the financial advisor is that they are going to keep me from LOSING my nest egg, and help manage the defined benefits account and convert it to a roth or whatever when I retire. However I am leaving a TON of money on the table in unrecognized earnings on my money and think like a robot could do better than 10.9% over the last 12 months.
Im not an investment guy, so any help would be appreciated. I dont want to day trade or buy single stocks. I just want to dollar cost average more of my money into an account that just rides out the index since I dont believe that 10.9% deserves more of my money in any meaningful way.
Statistics: Posted by Front Toward Enemy — Tue May 07, 2024 4:47 pm — Replies 2 — Views 370
