firing my financial advisor and doing it myself

Financial advisers can't beat the S&P 500 like you said. You should not be nervous about this at all.

Even running your personal situation through chatgpt will give you a great game plan as well.

in my experience, if you think there might be a problem with your rep being lazy, listen to you gut instinct

For my 401K, I let my work's company handle that. But, they have been doing pretty well. That and I also get a 10% match 1-1.

Anything of my own personal money outside of my on-hand cash and about $50k emergency money (which gets around 4.5% just sitting in case we need it), I've added to (usually around $1500/month or so) done some ETF trading. I've found a balance that works for me:

35% high growth
35% dividends
15% bonds
15% stock market index

It's grown to about $78k. Percentage-wise it's been a lot better than letting it sit in high-yield. But, it's money I don't expect to touch for about another 10 years or so.

I've had to do a lot of research here and there but if it's anything super important like retirement funds, I'd prefer to have someone who knows what they're doing run it. That's just me though.

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My return for the last 6 months is 5.5%. And they charge me 1% so basically that's 4.5% net

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Damn

NOBODY, AND I MEAN NOBODY cares about your money as much as you do.

You can do it yourself and probably match his earnings without paying his salary.

The next 4 years are going to be pretty good.

It’s not that hard. You’d have to be a moron to only make 5% in this market

Your FA must suck. You have to try to get that bad of returns in this market

Doing it yourself is always the way to go in my opinion. There are a few things I have messed up on, but researched how to untangle it.

Most things have been great. I am up 118.79% over the past year, and YTD I am up 114.16%.

I purchase stocks/etfs to hold long term. Example, AMZN @104. Will hold it.

I purchase stock that I sell calls on and am very aggressive with it. If I buy it at $50 for example, I sell a call(s) close to it. I want the cash to fund dividend etfs. Some are 2x etfs that I have no intention of holding and the calls are larger. And this week was massive for me with that.

I get money weekly from various dividends. I let that drip back in unless I see another divi I want to be a part of. Then I "drip" it to that.

And there are some great people on the board that do things differently and I value that. I asked not long ago for push back, and he gave me push back.

If you are interested in options, there is a great thread on that. I would suggest it

I had my $ with an advisor for 20+ years and finally moved it to self manage. I was being charged 1.5% in addition to the etf fees.

I managed a brokerage for about 8 years before deciding to do it myself.

Advice
Yes, you should move it and do it yourself.
You should buy etf's and forget about it.
Take a small piece and play with it to learn.

Not sure why you got a down vote, but good post!

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I've found a balance that works for me:

35% high growth
35% dividends
15% bonds
15% stock market index

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That's why I like the money board. Most have a method. Mine is different from this. I don't have a % to break down my investment. I do it by dollars and my priority (which does change when goals are reached).

Right now, I have a dollar amount in mind for dividend payouts per week. Everything I make in the market now goes towards that (understand that I do have long term holds). I met my goals on the long term holds and switched my focus to funding the dividends until I see the payout reach what I want them to be. Then it's on it's own. Drip drip drip until I'm ready to take a weekly "check".

Once reached, I will switch my focus.