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Money and Finances
Reply to "Paying a “wealth manager” 1pct fee- what can he do?"
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[quote=Anonymous][quote=Anonymous]My guy didn't beat the market, year after year. but we our investments certainly grew year after relatively close to the pace of the market. We accepted that because we are in our 50s and wanted a conservative portfolio. (We lived through 2000 and 2008,) The real value, it turned out, is that our investments did not fall as far as the market has in the last six months. Yes, we are down, but not nearly as much as some of our peers who were overweighted on tech. [/quote] You can manage a conservative portfolio on your own. Invest in stock index funds and have an appropriate amount in fixed income to cushion the bumps. By paying 1% to a manager, you’re guaranteed to not keep up with the market much less beat it.[/quote]
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