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re: Financial Advisor Question
Posted on 1/12/25 at 2:13 pm to Tomcat
Posted on 1/12/25 at 2:13 pm to Tomcat
It’s hard to compare your return to the S&P without knowing your risk tolerance and what your Advisors approach is. A portfolio of large cap, small cap and international really can’t be compared to the S&P. If you judging him vs only the US Large cap then tell him.
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Posted on 1/12/25 at 4:44 pm to Tomcat
What your returns are vs someone else your age is irrelevant. You need to understand risk adjusted returns. And when you say the “market” there are lots of markets, EAFE, S&P 500, Russell 2000, Barclay’s Agg etc.
What returns you achieve will be based on how much you have allocated to different markets.
If you’re 50 and have 80% S&P 500 and 20% Barclay’s Agg then your returns will not beat the S&P 500 in a positive year. And your returns would differ from another 50 year old that has 60% S&P 500, 20% EAFE and 20% Barclay’s Agg.
So, the purpose of your advisor should be to figure out what your risk tolerance is and what’s the least amount of risk you can take to still achieve your retirement goals.
It’s not about beating an index or outperforming your co-workers. It’s about what do you need to retire when you want and spend what you want in retirement. That’s it.
What returns you achieve will be based on how much you have allocated to different markets.
If you’re 50 and have 80% S&P 500 and 20% Barclay’s Agg then your returns will not beat the S&P 500 in a positive year. And your returns would differ from another 50 year old that has 60% S&P 500, 20% EAFE and 20% Barclay’s Agg.
So, the purpose of your advisor should be to figure out what your risk tolerance is and what’s the least amount of risk you can take to still achieve your retirement goals.
It’s not about beating an index or outperforming your co-workers. It’s about what do you need to retire when you want and spend what you want in retirement. That’s it.
Posted on 1/12/25 at 10:43 pm to TX_Tiger23
I meet with my advisors once a year to go over my positions and risk tolerance. I take their suggestions because they are the professionals. I just printed out the results for the past 5 years and compared that tithe S&P and NASDAQ. I was not sure how else to evaluate my advisors.
I came to the board looking for advice, because don’t know how to tell if your advisors are going a good job what I have found out about mine is she has been off when the market made money and off when it lost money. I think I need a new advisor is the sad realization. This same FA got much better returns when they picked my 401k options.
This particular FA has about 1/3 of my retirement. I might just take what they have and put it in a fidelity FXAIX fund and let it ride.
I came to the board looking for advice, because don’t know how to tell if your advisors are going a good job what I have found out about mine is she has been off when the market made money and off when it lost money. I think I need a new advisor is the sad realization. This same FA got much better returns when they picked my 401k options.
This particular FA has about 1/3 of my retirement. I might just take what they have and put it in a fidelity FXAIX fund and let it ride.
Posted on 1/12/25 at 10:59 pm to Tomcat
It's your money and desire for that money to grow. Should expect at least 10% and up for growth. If your instincts are already unsure about the current advisor, then you are not satisfied. Make the change
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