- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Guidance
Posted on 5/21/26 at 10:18 pm to Drizzt
Posted on 5/21/26 at 10:18 pm to Drizzt
quote:
Edward Jones is fine for the average investor.
Expensive (very) and can be overly complex. Maybe the well below average investor who does not calculate the astronomical destruction of value from high fees.
OP, get yourself in contact with Fidelity or Vanguard or perhaps an Ameriprise (fee based, not assets under mgmt (AUM) % costs). Perhaps your existing 401k is already with one of them? If you trust the institution that holds your 401k, speak to them.
This post was edited on 5/21/26 at 10:24 pm
0
Posted on 5/21/26 at 10:25 pm to Drizzt
I'll never reccomend anyone work with EJ. Its bad enough they charge AUM fees and sometimes high cost funds. They may put your $ in proprietary funds you cant just transfer over to another broker. There's plenty of examples in every thread where EJ is brought up. I wont take my chances when there are services available through discount brokers or better yet fee for service fiduciaries you can pay to build a plan and walk you through it.
Posted on 5/22/26 at 8:43 am to Drizzt
quote:
Edward Jones is fine for the average investor.
Yes if you want to lose tens of thousands or even hundreds of thousands in fees. Edward Jones is absolute garbage.
Posted on 5/22/26 at 9:38 am to ronricks
Hundreds of thousands in fees? Now you are just making stuff up unless they are managing Jeff Bezos portfolio. The annual management fee is 1%. That’s not awful if you know nothing about investing and they make you money or save you money with tax planning. On a $500,000 portfolio that’s $5000 a year for them to contact you monthly, do an analysis of your assets, and provide investment advice. I know I charge more than that for a single day of consulting. I’m not saying EJ is good for knowledgeable investors. I’m saying it’s good if you have no idea what you are doing…like asking for investment advice on a message board from anonymous yahoos who may be living in a trailer.
This post was edited on 5/22/26 at 9:49 am
Posted on 5/22/26 at 10:14 am to Drizzt
quote:
On a $500,000 portfolio that’s $5000 a year for them to contact you monthly, do an analysis of your assets, and provide investment advice.
Now do it for 15-20-yrs. That 1% will cost that $500,000 portfolio approx $110,000 in guaranteed AUM fees and opportunity cost. See the trick they play? It’s only 1%! Hide time value of cost while selling time value of returns.
I’d go fee based for a plan that includes tax efficient income planning, possible RMD reduction strategy, etc.
Spend the next year learning planning/investing basics. Then DIY with confidence.
Most importantly, keep the $100,000 in future self’s own pocket. The last thing a retiree needs during retirement are FA fees the equivalent to a student loan or more.
This post was edited on 5/22/26 at 10:24 am
Posted on 5/22/26 at 10:20 am to Everyday Is Saturday
Creative mathematics aside, bad investments will cost a newbie way more than $100,000 but tell some guy who literally said he has no idea what he is doing to start investing his retirement himself. Caveat emptor.
This post was edited on 5/22/26 at 10:24 am
Posted on 5/22/26 at 10:27 am to Drizzt
quote:
tell some guy who literally said he has no idea what he is doing to start investing his retirement himself
Not sure why you omitted most important part of post…
quote:
I’d go fee based for a plan that includes tax efficient income planning, possible RMD reduction strategy, etc.
The “bad investments will cost more” or “but they doubled my money” (ignoring missed opp to triple money) is their cheese.
Don’t be the mouse.
This post was edited on 5/22/26 at 11:06 am
Posted on 5/22/26 at 12:02 pm to Drizzt
quote:
Hundreds of thousands in fees?
Yes. Look it up. Many documented cases of EJ clawing six figures in fees from normal people over 30 or 40 year career. You are a god damn moron that isn’t even worth discussing this with.
Posted on 5/22/26 at 1:31 pm to ronricks
If the advisor got paid six figures on a 1% fee, the client did pretty damn good.
Posted on 5/22/26 at 1:48 pm to Drizzt
Okay, the first thing I said in my 1st post is to put aside only what you can afford to lose in your investment account.
To the OP - Are you trying to manage all of your retirement, or just a small subset?
If this account is your entire retirement, then I would get professional help, as has been suggested.
There are a lot of us on this board (maybe most) that have accounts that they self-direct while simultaneously leaving enough money in a professionally managed account to fund their retirement.
Many of us are a bit frustrated with the returns on the professionally managed accounts, and that is because they are risk averse by nature and their main objective is to give you a decent return while minimizing risk (and collecting fees). If we were getting amazing returns, we probably wouldn't have a need for getting involved, except for fun. If you want a 10-20 percent return, then invest with a professional. If you want 50% or more, then you can probably do that by buying and selling on your own, as long as you learn from your mistakes and do your due diligence on the stocks you buy.
To the OP - Are you trying to manage all of your retirement, or just a small subset?
If this account is your entire retirement, then I would get professional help, as has been suggested.
There are a lot of us on this board (maybe most) that have accounts that they self-direct while simultaneously leaving enough money in a professionally managed account to fund their retirement.
Many of us are a bit frustrated with the returns on the professionally managed accounts, and that is because they are risk averse by nature and their main objective is to give you a decent return while minimizing risk (and collecting fees). If we were getting amazing returns, we probably wouldn't have a need for getting involved, except for fun. If you want a 10-20 percent return, then invest with a professional. If you want 50% or more, then you can probably do that by buying and selling on your own, as long as you learn from your mistakes and do your due diligence on the stocks you buy.
Posted on 5/22/26 at 1:52 pm to Drizzt
It is cumulative and compounding drag on the portfolio not simply the sum of fees paid.
Posted on 5/22/26 at 1:57 pm to Drizzt
Not OP's situation but illustrates the cummulative long term costs of AUM.
OP probably needs professional advice at least to get started. I would just steer him away from EJ. There are plenty of more reputable lower cost providers. Even knowledgeable DIYers can benefit from advisor services especially during transition from accumulation to retirement.
Posted on 5/22/26 at 2:46 pm to TorchtheFlyingTiger
quote:
Not OP's situation but illustrates the cummulative long term costs of AUM.
In b4 “but FA will deliver higher returns”…
Doubtful. Unlikely.
Bird in hand: AUM fees/lost opportunity
Two in bush: FA more than covers with higher returns. Low cost index funds beats FA returns most of time over long term.
This post was edited on 5/22/26 at 2:58 pm
Posted on 5/22/26 at 3:05 pm to Swampcat
It’s wild that you can retire and not know anything about investing. I’d be scared shitless.
Posted on 5/22/26 at 3:08 pm to dome53
At this point, I think we're more concerned with his retirement outlook than OP.
Posted on 5/22/26 at 3:12 pm to Swampcat
My retirement is all at fidelity.
After maxing out my 401K and Roth I put a small Bo weekly amount in a fidelity go fund and let them invest and control.
It’s only about 5-10% of my overall retirement
After maxing out my 401K and Roth I put a small Bo weekly amount in a fidelity go fund and let them invest and control.
It’s only about 5-10% of my overall retirement
Posted on 5/22/26 at 7:48 pm to TorchtheFlyingTiger
Now we are not disagreeing and everyone is being reasonable (except for RickRoids). I have 2.5 million in assets and it’s all self-managed. But I also am good with numbers and probability (graduate level statistics training) and put a lot of time into educating myself about investing. My only point was that someone who is likely retiring around age 60 with no background in investing needs someone to hold their hand. They can’t make up a big loss at that age. The OP also doesn’t know what he doesn’t know.
Most of my money is in index funds but I actively trade about $200,000 for fun. Not sure I wouldn’t be better off just putting everything in an S&P 500 ETF but trading is essentially my hobby. I don’t golf. I did consult with Ameriprise twice for financial planning and found it helpful for getting me to do things like wills and medical POA. They also did a projection of what I would have at retirement based on my savings rate. That part was pretty nice because I realized I could actually spend more now and enjoy things. I’m too contrarian to let them manage my money though. Like Jax said, my risk tolerance made them uneasy as well.
Most of my money is in index funds but I actively trade about $200,000 for fun. Not sure I wouldn’t be better off just putting everything in an S&P 500 ETF but trading is essentially my hobby. I don’t golf. I did consult with Ameriprise twice for financial planning and found it helpful for getting me to do things like wills and medical POA. They also did a projection of what I would have at retirement based on my savings rate. That part was pretty nice because I realized I could actually spend more now and enjoy things. I’m too contrarian to let them manage my money though. Like Jax said, my risk tolerance made them uneasy as well.
This post was edited on 5/22/26 at 7:51 pm
Posted on 5/22/26 at 9:17 pm to Drizzt
quote:I have saved several hundred thousands of dollars by not engaging in AUM fees. It's not 'creative' math. It's math. I know several FAs and they travel all over the globe on "free" trips every year. I wonder who pays?
Creative mathematics aside
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News