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Money and Finances
Reply to "Using Money Manager vs. Low-Cost No load Company"
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[quote=Anonymous]Big waste of money paying a money manager. He probably has you in lots of high actively managed funds with high expense ratios too. Get rid of him and move everything into low cost index funds at Vanguard. If you do want to use a financial adviser, use one that works for a fixed fee, rather than a commission based on the value of your assets. Meaning, it might be worth it to pay someone $1000 or so once a year to look over your investments and to determine if you should change anything rather than pay someone 1.25% of your assets forever to manage your money.[/quote]
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