In my previous topic I discussed how I want to move my grandfathered IRA from Edward Jones due to the management fees (1.5%) and the poor performance (11% growth past 12 months, far lower than all my other self managed investments).
Several recommendations were made to transfer my IRA to a Fidelity account (no maintenance fees) and build my own portfolio.
Good advice, but now the question becomes, how do I find the right investments? Specific questions:
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Where is the best "lazy portfolio" to copy based on my goals?
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If I were to buy significant amounts of single stocks I plan to hold for a long time, should I be doing that in my Fidelity account? Currently I just use Robinhood for my personal stock purchases, but not sure if that makes sense if I were to buy 10K-20K of Amazon or something like that.
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I like a local touch, if I were to find a local CFP to review my decisions, could I find any that offer flat fees? I thought this how they usually operated but the few I have researched around me tend to take cuts on the portfolio similar to EdJo (1.5%) though they are at least transparent by not taking additional commissions on things they are pushing.
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What everyone's favorite website/tool to compare and review various stocks, FTE's, mutual funds, etc?
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Could someone point me to an analysis on the risks of buying FTEs? Everything I have seen from my reading at bogleheads, listening to various podcasts, browsing the subreddits seems to push this as the way to go. Certainly there is some drawback to consider?
I appreciate any advice and suggestions!
Personal info if helpful: -No debts outside of Mortgage and Student loans (3.5% and 2.6% rates, respectively) -12 month cash reserve met -Plan to retire in 25-30 years -Currently maxing 401K -Can invest at minimum an additional 10-15K per year on top of the 401K contributions -Based in US
Submitted October 16, 2017 at 01:36PM by shadestreet http://ift.tt/2gfiUS3
