It's the holidays and investing is a topic that always comes up in my circle of friends and family. I don't consider myself an expert in investing by any means, but I have a firm grasp on value investing and basic portfolio diversification from doing basic research and reading Grahams books.
Personally I'm about 25 to 30 years away from retirement and my assets are mostly allocated in an SP500 index fund and a 2050 Target Date retirement fund, both with very low expense ratios.
Now back to my dilemma. After conversing with someone I care deeply about that is not a direct family member, I am at a loss for words. They've amassed roughly mid 7 figures in retirement savings and have a wealth manager select their portfolio who charges a 0.5% management fee. I'm also going to assume that the funds selected by this manager are likely directly managed and have relatively high expense ratios to cover for commissions. They have a good chunk in cash and in some international equity fund from what they told me.
I understand that it is not my money and I shouldn't care. But part of me wants to educate them without coming across as a know it all, and without bad mouthing their current decisions/fund manager. Is this even possible or should I simply let it go? What would you do?
Submitted December 23, 2017 at 12:09PM by 2buckchuck2 http://ift.tt/2D3OETx
