| | | I am not inclined to hire an expert to actively manage my assets. No reason to believe that you would ever come out ahead after considering the costs, which would be
if actively managed mutual fund, around 1-2% of assets per year
in independent adviser, ?? (you report 10k-12k a year)
And for sure I would not use one of the "thundering herd" at Merrill Lynch that wants to charge 1% per annum and trading fees. I consider them to be glorified salesmen and saleswomen.
When I get to this spot I figure I will put all assets into some low cost etfs holding something like: utilities, REITs, higher dividend payers, S&P 500, and some junk bonds, and collect my income, and chip away at principle when and if needed.
If you would like some advice get some advice, consider getting it by the hour, and seek to have a portfolio that is as much "set it and forget it," as can be obtained.
Probably a good idea for most to get a good CPA to review one's set-up for tax implications when doing the annual tax return. |
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