Reply to Do you use a “wealth manager” or DIY?

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[quote=Anonymous]My money is split in 3 buckets. For various reasons, I cannot (don't) want to touch bucket 1. Bucket 2 was under a wealth manager. And bucket 3, I manage myself and it is split in individual stocks (3a) and vanguard mutual funds (3b). Everyone has been telling me that I should move bucket 1 somewhere, where it can be actively managed, that the portfolio is unbalanced, and that the expense ratio on the mutual funds is too high. So this year, I finally sat down and took a deeper dive on the performance across my three buckets. Turns out, my 3a bucket that consists of individual stocks has done the best, but only because I bought NVIDIA and got lucky. Many of my other picks (DM for example) did terribly, but NVIDIA helps pull up the average. With that being said, I am done sock picking. My second best preforming bucket is 3b. And the third place was pretty much a tie between buckets 1 and 2, with bucket 1 actually doing a bit better. The only reason to keep my money under management are some perks that come with it. Like free updates on retirement planning, lower mortgage rates (though I may be done buying real estate), or that someone actually picks up the phone when there is an emergency.[/quote]

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