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Old 01-12-2016, 04:30 PM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,972,970 times
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The OP is asking about his mother. We don't have a clue what she's doing - and he might not have a clue either. We have to find out more to give any sensible suggestions. Robyn
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Old 01-12-2016, 06:41 PM
 
4,353 posts, read 6,074,505 times
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We have fidelity managed mathematically via algorithms (by way of a financial advisor) to keep us from any large declines in asset value. We have Charles Schwab too but it's blowing in the wind taking its hits. One day we'll get it all managed by our financial guy. Love my finance guy!
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Old 01-13-2016, 02:17 AM
 
72,051 posts, read 72,068,214 times
Reputation: 49605
hedgable which is one of these robo sites , does risk management the same way very cheaply .

it looks very interesting .

unlike managers who have to beat index's risk mgmt is very different .

you may miss part of the run ups but you also miss big losses.

Last edited by mathjak107; 01-13-2016 at 02:43 AM..
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Old 01-13-2016, 02:34 AM
 
Location: Central Massachusetts
4,800 posts, read 4,865,465 times
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homenj as you have seen your comments have brought more questions than you might have thought. As everyone is saying it isn't the company Fidelity it is the investment. Also be advised as one person here said this last year may have started off okay and muddled through mid year our last few months have been horrendous. Nearly everyone's investments have taken huge dips. It is tough to watch but if she is in mutual funds taking them out now to invest somewhere else would be a disaster. Whatever her funds are now they should rebound in the future. Advise her to hold steady and wait until the market makes it's comeback. This could be a month or years but it will. Unless she is needing that to live now that money is still long term and needs to remain that way for the foreseeable future.
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Old 01-13-2016, 03:09 AM
 
72,051 posts, read 72,068,214 times
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just remember , never in our 146 year history has a 50/50 mix ever lost a penny over a 10 or 20- year period .

those are pretty good odds considering those time frames include the great depression , the world wars , tthe almost collapse of the financial system in 2008 and every other event that caused our markets to tumble .

that is not to say it can't happen , but the odds are in your favor .
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Old 01-13-2016, 07:19 AM
 
29,884 posts, read 34,945,207 times
Reputation: 11793
Quote:
Originally Posted by mathjak107 View Post
just remember , never in our 146 year history has a 50/50 mix ever lost a penny over a 10 or 20- year period .

those are pretty good odds considering those time frames include the great depression , the world wars , tthe almost collapse of the financial system in 2008 and every other event that caused our markets to tumble .

that is not to say it can't happen , but the odds are in your favor .
Hmmm as we increase in age those odds aren't as favorable It is a very increasing reality for us. Suddenly planning out 30 years becomes not 94 but soon triple digits and beyond.
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Old 01-13-2016, 07:54 AM
 
Location: Las Vegas
605 posts, read 564,278 times
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My wife's retirement plan from her employer was through Fidelity. She got advice from them on managing the account. When she retired, we met with an adviser and he helped re-balance her portfolio. The guy was very good, better than any other financial guys I had done business with over many years.

I think Fidelity is a very good company. Maybe not all of there advisers are as good as ours, but I bet they are all well trained and do a good job. Their web site has a ton of information and once you get an account set up, you can see and do a lot on your own. Their phone service help has been excellent too.
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Old 01-13-2016, 07:54 AM
 
219 posts, read 168,492 times
Reputation: 210
Quote:
Originally Posted by mathjak107 View Post
just remember , never in our 146 year history has a 50/50 mix ever lost a penny over a 10 or 20- year period .

those are pretty good odds considering those time frames include the great depression , the world wars , tthe almost collapse of the financial system in 2008 and every other event that caused our markets to tumble .

that is not to say it can't happen , but the odds are in your favor .
I hope this isn't hijacking the thread...Mathjak, can you explain what you mean by 50/50?
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Old 01-13-2016, 08:27 AM
 
72,051 posts, read 72,068,214 times
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50% diversified mutual funds 50% bonds
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Old 01-13-2016, 08:32 AM
 
Location: Charleston, SC
1,371 posts, read 774,100 times
Reputation: 2428
"We have fidelity managed mathematically via algorithms (by way of a financial advisor) to keep us from any large declines in asset value"

seeriously --
I'm curious, how did the mathematical algorithms react during the last August/September time frame ?? Did they trigger any move to safety ?? Did they flash a sell signal to lighten up equities at that point ??
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