Reply to Paying a “wealth manager” 1pct fee- what can he do?

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Reply to "Paying a “wealth manager” 1pct fee- what can he do?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

My advisor didn't beat the market for the last three years, but we still made a lot of money. Where he earned his fee is the last six months. Yes, my portfolio is down - but is faring much better than the market during the same period.   We are now talking about strategies for investing the cash we began stockpiling more than a year ago on his recommendation.  I  think investing on your own is great if you have financial acumen and interest. I have neither.

"Invest in a stock index fund"....

my advisor is beating the index funds - which have had the worst downturn in 50 years.

[/quote]

By how much and over what period of time?  Possible, but doubtful, long term. Also it’s not the worst downturn in 50 years.  Anyone who has bonds and stocks is suffering declines in both, not just fund investors.[/quote][/quote]

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