Of* not off*, not sure why titles can’t be edited.
I plan on investing for the long haul, setting it and forgetting it. I had a wealth management firm open up a Roth IRA and a taxable account for me, since I want to put in more annually than the Roth IRA limit.
I know, most people I’m sure will say it’s not necessary/dumb etc. I just have no clue what I’m doing. So at the time, seemed like a logical decision. I wanted something more than just putting it all in the S and P 1500, I guess you could say.
The place I went to has fantastic reviews, to the point where it’s hard to ignore. Millions and millions under management etc, why do people go to these places and lots never would?
Anyway, so far so good, they were really easy to deal with. I have several things they invested in, for my risk tolerance, I have 80% stocks and almost 20% bonds, then the rest is cash in the taxable account.
The concerns I have are, I know the fees add up over time, but if they’re better at what they do than me, is the fee “worth” it? I wouldn’t know what to do otherwise.
(/s) Everyone online is an expert, know what I mean?
Submitted August 28, 2021 at 11:14AM by No7onelikeyou https://ift.tt/3BkPhX8
