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Started By
Message
Advice
Posted on 4/25/25 at 4:33 pm
Posted on 4/25/25 at 4:33 pm
I just withdrew from financial advisor and will handle my accounts from now on. Tired of paying them a lot to do a little!
Sold and have a good bit of cash sitting in the accounts. What are your thoughts on what I should do?
1. Average in weekly/monthly until cash is exhausted
2. Set some limit orders for the full amount lower than now to hit at sometime
3. Just buy at market value
20 years to go til retirement
Sold and have a good bit of cash sitting in the accounts. What are your thoughts on what I should do?
1. Average in weekly/monthly until cash is exhausted
2. Set some limit orders for the full amount lower than now to hit at sometime
3. Just buy at market value
20 years to go til retirement
6
Posted on 4/25/25 at 4:42 pm to Salty Spec
If you fired your FA without a plan, then I suggest looking up the 3 fund portfolio and dump all in at once. Time in the market beats timing the market. Especially if you have a 20 Year time horizon.
You should consider a traditional or Roth IRA as well and investing inside of that. I’d say consult with your FA on which is better for your situation but sounds like
You’ll need to do a bit more research without one to explain it to
You.
Curious, what specifically caused you to leave?
You should consider a traditional or Roth IRA as well and investing inside of that. I’d say consult with your FA on which is better for your situation but sounds like
You’ll need to do a bit more research without one to explain it to
You.
Curious, what specifically caused you to leave?
Posted on 4/25/25 at 5:22 pm to horsesandbulls
The 1% feee for less than market returns and 3-5 % expense ratios for the mutual funds he had me in.
Doing a 3 fund portfolio. 3/4 in voo.
Have a Roth and traditional. This is where the cash is.
I am not totally clueless. I was just curious how everybody would jump in.
Doing a 3 fund portfolio. 3/4 in voo.
Have a Roth and traditional. This is where the cash is.
I am not totally clueless. I was just curious how everybody would jump in.
Posted on 4/25/25 at 5:29 pm to Salty Spec
quote:Holy shite that is rape
The 1% feee for less than market returns and 3-5 % expense ratios for the mutual funds he had me in.
Posted on 4/25/25 at 6:18 pm to Salty Spec
If you don't know what you're doing just dollar cost average and buy index funds.
If you want a higher risk higher reward strategy, buy individual stocks with a PE ratio under 20, a debt to asset ratio under 80%, and a 5-7% dividend.
If you want a higher risk higher reward strategy, buy individual stocks with a PE ratio under 20, a debt to asset ratio under 80%, and a 5-7% dividend.
Posted on 4/25/25 at 6:20 pm to Salty Spec
Bogleheads forums
Posted on 4/25/25 at 8:30 pm to Bestbank Tiger
quote:
If you don't know what you're doing just dollar cost average and buy index funds.
DCA is supposed to be for buying in as you acquire investable capital. It is misapplied often to spreading a large sum out over smaller purchases. That would indeed be a rookie mistake. Selling a large position and going to cash only to try to gradually buy back in is not the way to effectively DCA! Lump sum that bitch and avoid the more likely risk of missing gains while out of market. Miss just a few big up days and you miss most of the market returns historically.
Posted on 4/26/25 at 7:09 am to TorchtheFlyingTiger
quote:
DCA is supposed to be for buying in as you acquire investable capital. It is misapplied often to spreading a large sum out over smaller purchases. That would indeed be a rookie mistake. Selling a large position and going to cash only to try to gradually buy back in is not the way to effectively DCA! Lump sum that bitch and avoid the more likely risk of missing gains while out of market. Miss just a few big up days and you miss most of the market returns historically.
Definitely. DCA you just stick with it through ups and downs. You don't go to cash.
Posted on 4/26/25 at 8:26 am to Salty Spec
As others have mentioned, 3 fund portfolio (index funds) at your desired asset allocation is hard to beat. You just need to reinvest all of it at once, don’t DCA with a 20 year time horizon.
Be sure to max out any employer match.
Setup automatic monthly investments, pay yourself first.
Rebalance your portfolio annually.
And most importantly, DONT DEVIATE FROM THE PLAN. Ignore the emotional highs and lows and roll with it.
You did the right thing getting away from that advisor, sounds like he had you in high cost funds that were underperforming and charging a premium for the “service”.
Get a detailed, written, financial plan and stick to it.
Resources;
I like “White Coat Investor”, they have a great course called “Fire your financial advisor”.
“The Money Guy Show” also has great, free content and I think their Financial Order or Operations (FOO) is a solid personal finance resource.
Borgleheads forum and wiki is also an awesome resource.
Be sure to max out any employer match.
Setup automatic monthly investments, pay yourself first.
Rebalance your portfolio annually.
And most importantly, DONT DEVIATE FROM THE PLAN. Ignore the emotional highs and lows and roll with it.
You did the right thing getting away from that advisor, sounds like he had you in high cost funds that were underperforming and charging a premium for the “service”.
Get a detailed, written, financial plan and stick to it.
Resources;
I like “White Coat Investor”, they have a great course called “Fire your financial advisor”.
“The Money Guy Show” also has great, free content and I think their Financial Order or Operations (FOO) is a solid personal finance resource.
Borgleheads forum and wiki is also an awesome resource.
Posted on 4/26/25 at 11:13 pm to Salty Spec
quote:
I just withdrew from financial advisor and will handle my accounts from now on... Sold and have a good bit of cash sitting in the accounts. What are your thoughts on what I should do?
What. A. Cuck.
Posted on 4/27/25 at 7:04 am to horsesandbulls
quote:
Time in the market beats timing the market.
All that matters.
VTSAX and chill.
Posted on 4/27/25 at 9:56 am to Salty Spec
What kind of returns were you getting? When did you first start saving?
Unless it was absolutely terrible as in getting negatives, you should take your money back to them. If you're asking advice here, you'll probably do worse than they were doing.
Unless it was absolutely terrible as in getting negatives, you should take your money back to them. If you're asking advice here, you'll probably do worse than they were doing.
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