To keep it brief, when I quit my job in the service industry last year, I rolled over approximately 35k into an IRA account. Since that time, I haven’t touched it. It’s simply cash waiting to be invested. The problem is I have very little if any time to properly invest it on my own. Also being that it’s a relatively large sum, I’m very hesitant to haphazardly start investing myself.

I nearly pulled the trigger a few weeks back on a Fidelity actively managed account before I realized once I choose that route, they don’t let you reverse course.

Any advice would be greatly appreciated. Thx

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Posted by TheWalrus

Member since Dec 2012

40798 posts

Posted on 4/26/24 at 12:58 pm to Blizzard of Chizz

Set it in an S&P 500 index fund and forget it. At that value, an actively managed profile is a waste of time and money. I don’t think I’d even consider one for less than a million.

I suspect this might be a troll but idk.

This post was edited on 4/26/24 at 12:59 pm

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Posted by Jag_Warrior

Virginia

Member since May 2015

4136 posts

Posted on 4/26/24 at 2:22 pm to Blizzard of Chizz

quote:
Any advice would be greatly appreciated.

Do you mind giving some details, like your age or expected years left before retirement, time horizon on when you might need to use this money and at least your risk profile, meaning are you a conservative investor looking for capital preservation or are you willing to take some amount of risk to achieve potential growth?

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Posted by LSUFanHouston

NOLA

Member since Jul 2009

37174 posts

Posted on 4/26/24 at 2:43 pm to Blizzard of Chizz

quote:

To keep it brief, when I quit my job in the service industry last year, I rolled over approximately 35k into an IRA account. Since that time, I haven’t touched it. It’s simply cash waiting to be invested. The problem is I have very little if any time to properly invest it on my own. Also being that it’s a relatively large sum, I’m very hesitant to haphazardly start investing mysel

While this is a large amount of money to you, this is not even on the radar of good active investment managers.

Any active manager that you could find with that asset base, is going to hit you with all kinds of "small account" fees - either clear fees or just higher percentage fees, and/or are going to give you to the manager that they hired 7 months after he graduated college cause he could not find any other job.

Find a good index fund and roll with it.

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Posted by geauxpurple