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How hard is it to handle your personal investments?
Posted on 12/12/17 at 8:21 pm
Posted on 12/12/17 at 8:21 pm
I put some money into Vanguard accts and it has done well under VTSAX since. I pretty much work 3 days a week nights (avg 40hrs/wkly). How hard is it to watch your investments if you are doing it personally? What are your stratagies? I have 12k under vtsax and 63k under various accts with raymond james if that helps
7
Posted on 12/12/17 at 8:24 pm to sonoma8
Rebalance if you have anything but stocks once or twice a year. Shouldn't take more than a few hours
Posted on 12/12/17 at 8:31 pm to jimbeam
How do you figure out what to invest in besides looking on TD? 
id like to learn how so I can see where my money is going
Eta: i guess my question is, i just changed my investments w RJ from 63/35 to an 80/20 approach. I feel like I can be alil aggressive at this point. Hes put me in some mutual funds but since I already have some in VTSAX, id like to put some more into that stock. Can i tell him to dump one of the newer funds hes put me into and place that money into vtsax?
id like to learn how so I can see where my money is going Eta: i guess my question is, i just changed my investments w RJ from 63/35 to an 80/20 approach. I feel like I can be alil aggressive at this point. Hes put me in some mutual funds but since I already have some in VTSAX, id like to put some more into that stock. Can i tell him to dump one of the newer funds hes put me into and place that money into vtsax?
This post was edited on 12/12/17 at 8:36 pm
Posted on 12/12/17 at 8:43 pm to sonoma8
It takes way less time than anyone on this board would have you believe.
Posted on 12/13/17 at 8:29 am to dabigfella
You can literally invest in diversified ETFs and let it ride. It could take only a few hours each year, mostly filing taxes, if you want it to be minimal.
Complicating your financial investments rarely makes sense for an average investor.
Complicating your financial investments rarely makes sense for an average investor.
Posted on 12/13/17 at 9:11 am to lynxcat
Diversification is the best route and is so easy these days with all the funds, ETFs, etc.
Another helpful hint would be to have all dividends reinvested in the stock/fund/etc. I know they have this feature on most of the online brokerages. I use Ameritrade and they put all dividends back into the stock.
When I transfer more money into my account I just buy a new long term holding or buy more shares of a current holding. As long as you are relatively diversified you should be fine.
Another helpful hint would be to have all dividends reinvested in the stock/fund/etc. I know they have this feature on most of the online brokerages. I use Ameritrade and they put all dividends back into the stock.
When I transfer more money into my account I just buy a new long term holding or buy more shares of a current holding. As long as you are relatively diversified you should be fine.
Posted on 12/13/17 at 10:49 am to lynxcat
quote:
You can literally invest in diversified ETFs and let it ride.
This is the simplest answer and easiest for most people. It really isn't hard to do, but many have no idea and rush to Raymond James or AMEX to pay someone who has taken a short training course.
Posted on 12/13/17 at 6:34 pm to sonoma8
Most people that are paid to pick stocks won’t beat market tracking ETFs and if you are one of those then quit your job and move to Manhattan immediately. Balance with some bond funds like other posters said, you are doing fine.
Posted on 12/13/17 at 7:20 pm to sonoma8
1. Bogleheads.com
2. Read and set up 3 fund portfolio.
3. Invest for decades
4. Retire rich
2. Read and set up 3 fund portfolio.
3. Invest for decades
4. Retire rich
Posted on 12/13/17 at 7:43 pm to Oenophile Brah
quote:
1. Bogleheads.com 2. Read and set up 3 fund portfolio. 3. Invest for decades 4. Retire rich
Ding, Ding, Ding!!!!
Winner, winner chicken dinner!!!!
Posted on 12/13/17 at 8:22 pm to sonoma8
OP - what does Raymond James charge you each year? 1.5%?
What do they charge you for each trade, either buying a selling? 2%?
What do they charge you for each trade, either buying a selling? 2%?
Posted on 12/13/17 at 8:51 pm to matthew25
Im going to be honest, I have no idea. I use to be with EJ but with the strong hatred from this board, I jumped ship and placed some money into vanguard. I just recently rolled over my 401k from my last job into RJ IRA freedom hybrid acct.
Posted on 12/13/17 at 9:00 pm to sonoma8
Easiest by far is a vanguard or fidelity target date. Put money in depending on your expected retirement target and forget about it.
Posted on 12/13/17 at 9:06 pm to jimbeam
Im gonna look into that. I sent you an email earlier JB but i think you answered my question. Just makes me paranoid throwing that much money around on something I dont know much about.
Posted on 12/14/17 at 8:09 pm to sonoma8
quote:
Just makes me paranoid throwing that much money around on something I dont know much about.
That's a very healthy way to look at things.
Study up. The basics really are pretty simple although the reasons behind them require deeper study. It does seem counterintuitive that paid professionals have a very hard time beating "the market" in the long run (meaning, over a human lifetime). But it's true.
What exactly constitutes "the market portfolio" is itself a major topic for debate but I'll keep it simple here.
Posted on 12/14/17 at 8:54 pm to foshizzle
So if RJ charges me 1%, what does that mean in the grand scheme of things
Posted on 12/15/17 at 2:55 pm to sonoma8
Anyone?
Posted on 12/15/17 at 6:00 pm to sonoma8
If I had known 20 years ago what I know now I would have all my money in Vanguard. If you buy and hold the index you are on cruise control. It should not be time consuming at all.
Posted on 12/15/17 at 6:07 pm to sonoma8
That they charge you 1% your assets
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