Investments and wealth management

[highslice]

It's fairly easy to buy an assortment of mutual funds from one company (I use American Funds) that include some large company (called "large cap), small cap, mid cap, international funds, etc.

Go to the mutual fund's website and ask them to mail you a prospectus. It will list all of their various funds and shows their performance over time.

Invest some into each of the funds that has performed best over 10 years or more, and invest more on a monthly basis. Just "set it and forget it".

If you are going to use a financial planner or advisor, you are going to pay him/them. A typical fee is 1.5% to 3.5%. Doesn't sound like much but if you put in money every month that fee will start to add up.

Got questions? PM me. I'm a retired financial advisor and might be able to help you.

I pay less than 1% and the guy is killing the market. 20%+ gains in a volatile market is good enough justification for me.

 

[Gofirstclass]

I pay less than 1% and the guy is killing the market. 20%+ gains in a volatile market is good enough justification for me.

That is a pretty good return and your guy is doing well for you.

Your post got me to check the returns on the 529 accounts. Annualized returns since inception are 8.49% and year to date return is 24.58%.

I'll take those numbers.

 

[Brite Idea]

I opened a self managed brokerage account with Vanguard so it has no fees. It's averaging 16.2 percent this year.

 

[highslice]

That is a pretty good return and your guy is doing well for you.

Your post got me to check the returns on the 529 accounts. Annualized returns since inception are 8.49% and year to date return is 24.58%.

I'll take those numbers.

I should also mention that the 20% includes 2022. We put our money in at the peak of the market last year and didn't lose a penny. Our returns for 23. including income, is close to 30%

But I would take your returns GFC.

 

[Paul_Baker]

Talk to people.( good you are doing it) Get a broker you trust. Be conservative with investments. This is your retirement you are building not a casino weekend.
~ retired banker
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Solid advice from a retired banker – talk to people, you're on the right track! And seriously, finding a broker you trust is like finding a financial superhero.