As the title says we used a wealth manager, which I know was stupid. He had done well by my wife’s family and against my better judgment of investing myself we went with him in April of 2020. In 2020 we made about 25% and I was thoroughly impressed. However last year in 2021 our investments had grown to almost $100k by February. At the end of 2021 we had lost almost $10k, so we’re just under $90k overall balance, while the indexes made 25+%.
I realize the markets are down YTD but because of our 2021 losses our investments are down to our original contribution amount, which is unfathomable to me given market performance in 2020/2021. I think I have answered my own question but we are trying to decide if we should cut our losses and just invest in the indexes like I originally wanted. Any thoughts or advice?
Submitted January 19, 2022 at 11:06PM by drznak https://ift.tt/3rx8sth
