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I am trying to find someone to help me change my portfolio due to retiring. You see my father managed my account and now is too old (senile) and I am managing it myself. I did go to Vanguard and have them plan a retirement plan and change the stuff. But IM not sure if I agree with the changes the recommend. I then called some Financial advisors groups but they just want to pick funds and me put my money with them or invest with them. I need just an hour and am willing to pay!! So I am in the NJ area and need help. I also am willing to pay someone over the phone who know his stuff. I can do paypal or mail a check or credit card. If you have any ideas please help. I would type the stuff on the computer but its easier to talk on the phone. THanks Marilyn
well you could start learning on your own if you have an interest.
if you want more instruction and hand holding i highly recommend using a newsletter that puts nice model portfolios together using either vanguard or fideliy funds.
the portfolios are dynamically adjusted slightly by following the newsletter weekly updates and checking to see if they have changes in any fuunds which every so often they swap out
it is as close to having someone manage your money as you can get without giving them your money or constantly paying consulting fees.
i have used fidelity insight for more than 25 years. my older aunts all follow the models too as they have neither the interest or desire to learn at this point and nothing could be simpler for them..
what i am not so sure you want to do is just throw a bunch of funds together and get no guidance or hand holding as to any adviseable changes should we go to higher rates that would hurt bonds. a 40 year bull market in bonds made holding a static portfolio a fine way to go. but a turn in rates could end that and a more active approach may be requred.
having a third party keep you on track when the going gets tough is another good reason.
i am a well seasoned investor but i would be lying if i said i didn,t consider running for the exits a few times in 2008-2009 but the fact that i left what we do to the newsletter ,who never beileves in in or out , kept me on the straight and narrow without second guessing myself.
well you could start learning on your own if you have an interest.
if you want more instruction and hand holding i highly recommend using a newsletter that puts nice model portfolios together using either vanguard or fideliy funds.
the portfolios are dynamically adjusted slightly by following the newsletter weekly updates and checking to see if they have changes in any fuunds which every so often they swap out
it is as close to having someone manage your money as you can get without giving them your money or constantly paying consulting fees.
i have used fidelity insight for more than 25 years. my older aunts all follow the models too as they have neither the interest or desire to learn at this point and nothing could be simpler for them..
what i am not so sure you want to do is just throw a bunch of funds together and get no guidance or hand holding as to any adviseable changes should we go to higher rates that would hurt bonds. a 40 year bull market in bonds made holding a static portfolio a fine way to go. but a turn in rates could end that and a more active approach may be requred.
thanks I will look for newsletters. Its I don't think they will answer my specific questions about the changes the retirement guy at vanguard suggested. Its specific questions I have. but thanks I need to learn more so will check that out.
without knowing your complete story and pucker factor i would be apprehensive of anyone telling me what to do.
at the least i want choices of different portfolios with different volatility levels that i can pick from and not the vanguard advsor picks for me unless we went through my complete financial story and was evaluated.
well He did that , however I get your point. I need to change things I just want to know if the choices are correct. I do need to learn more. Im in trouble!! I call this portfolio the monster. It just gets crazier each day. I wish my Father did not keep me in the dark so much. YOUR HIRED ,my check is good , you want my number (HEHE) !!!?? No seriously the thing is a monster.
I was kidding for you. However I will find some answers. Im overhelmed. The thing has grown so much and its a tax hit everytime something get changed to become so called safer and more diversified. Its like owning a small corp. this monster. Thanks again and keep winning those prizes kid!!
None of us would give you specific advice on your portfolio. However if you post some general information about asset allocation, then you might get some useful feedback from this forum. As always with the internet look for a consensus or general understanding. Avoid any specific recommendations about how to invest. Anyway, if the general feedback matches your advice from Vanguard you can at least take it easy and not feel rushed and overwhelmed. You can also post questions and concerns that you have about investments and at least get some additional information.
[quote=jrkliny;37761372]None of us would give you specific advice on your portfolio. However if you post some general information about asset allocation, then you might get some useful feedback from this forum. As always with the internet look for a consensus or general understanding. Avoid any specific recommendations about how to invest. Anyway, if the general feedback matches your advice from Vanguard you can at least take it easy and not feel rushed and overwhelmed. You can also post questions and concerns that you have about investments and at least get some additional information.[/QUOTE
I have an accountant.
Yes I may start a new thread and ask basic question . Merry Christmas.
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