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What I wondered was why not have fidelity manage a smaller amount and you manage the larger amount but make the same buy/sell and not pay the management fees in the larger account
Im am confused, by what you mean. fidelity isn't managing anything for me. Fidelity insight is an independent newsletter by subscription. You handle your own money.
I think i pay about 129 bucks a year ,maybe less because i take a 2 year renewal usually. 99 bucks seems to stick in my head.
Whether there is a financial advantage or not to spending down a cash buffer it sure makes me feel more comfortable in bear markets.
one of the reasons i like the newsletter is it keeps me away from me. i know i am always 2nd guessing things or looking to do better and that has gotten me in trouble more than once.
but i think since at this point the wind has been knocked out of the sail of the etf model as it lost almost all 70k in gains it had a few months ago i may start the rising glide path strategy i had in mind a little earlier then when i retire fully next year.
i may move 1 or 2 percent of the income and capital preservation model in to the etf mix ahead of schedule and throw a small amount in now.
each time we fall another 5 percent or so i will shift another 1% over. if we don't fall as much i will just stick with the plane of increasing by 1% a year or so.
the goal is about 50/50 overall when all is in place down the road.
I think it was about 2.5 or 2.6 million but each model also contained a few years of withdrawals in cash which was a few hundred thousand just simulate what a full plan make look like.
I started looking in to a model made up of etf's put together by christine benz back in april.
When i got the idea to possibly switch to a 50/50 etf mix from my 40% equity combo i set both portfolios to zero gaiins so they started even on the same day.
No question the etf mix will outperform the more conservative mix i use in a
bull market. The big question is what will we have going forward.
if the outcome is good the income follows. when drawing an income to retire on the portfolio survivability is all that counts, how the income is generated whether dividends ,interest or capital appreciation does not matter.
i like the diversified model i have been tracking but although it is far lower in costs it is lagging. it really needs a rip snorting bull market that goes straight up to perform well.
i am not so sure that is what we will have going forward. i think it will be more like what we are seeing , a lot of sideways , some down and some advancement.
so far i am doing far better in what i have even with higher fees.
Last edited by mathjak107; 08-31-2014 at 02:53 AM..
if the outcome is good the income follows. when drawing an income to retire on the portfolio survivability is all that counts, how the income is generated whether dividends ,interest or capital appreciation does not matter.
i like the diversified model i have been tracking but although it is far lower in costs it is lagging. it really needs a rip snorting bull market that goes straight up to perform well.
i am not so sure that is what we will have going forward. i think it will be more like what we are seeing , a lot of sideways , some down and some advancement.
so far i am doing far better in what i have even with higher fees.
I've shared in other threads which you have probably read that I'm accumulating cash at this time, and I think we'll see a run up in stocks in the 4th quarter. Beginning next year we could see a slow rolling correction of between 10-20%. Starting in the 3rd quarter of next year I see a rise in the market that will continue well into 2016 and beyond. Nothing like we saw last year, but sustained steady growth. I also think interest rates will remain low for a long time. The 10 yr treasury hanging around 3%.
I'm now planning for next year and trying to figure what my next portfolio will look like.
I currently have a moderately conservative dividend stock portfolio that provides a nice steady monthly income for retirement. It's currently yielding between 3.6-4.0%.
I've normally preferred managing my portfolio, but I'm not opposed to ETFs or some mutual funds. I just hate paying management fees.
I'll share this link and appreciate your thoughts.
it won't let me read it without going through a registration process.
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