Advice for wealth management

Snapchat presence
Jun 7, 2018 14 Comments

I am considering to open a/c with Vanguard to manage my portfolio around 100k. They charge 0.3% annually. Has anyone used this? Would you recommend? I chose Vanguard because of wide variety of funds available.

Also, earlier I was thinking to buy home or rental property instead, but I feel I lost opportunity and now it's all expensive. So, now inclined to invest in funds.

If I m considering 5 year time horizon would it make sense for 80-20 split for stock and bond? Vanguard advisor suggested very conservative strategy towards all bond and very little stock.

Any thoghts?

comments

Want to comment? LOG IN or SIGN UP
TOP 14 Comments
  • Facebook tc=390y=10
    Dude, you’re on Blind. 100k isn’t wealth here, it’s just a good sign on bonus.
    Jun 7, 2018 2
    • Microsoft Sct909
      Not everyone works at Facebook
      Jun 7, 2018
    • Snapchat presence
      OP
      U both r right!
      Jun 7, 2018
  • Citibank / Eng id 10 t
    30 BP is very reasonable and this split is very reasonable given a 5 year time horizon and where we are in the market.
    Jun 7, 2018 4
    • It is reasonable, however they usually get you in the “where they put your money” look at the funds they put you in. Usually it will be, you guessed it? Vanguard funds that charge a management fee.

      Those 30bips easily can become 1.5% on average fully baked.
      Jun 7, 2018
    • Citibank / Eng id 10 t
      Not true at Vanguard. The fees are low. The major index funds are all below 10 BP. Most are below 20BP. If you’re sensitive to management fees you can use ETF as alternatives. Finally, the best way to not pay a fee is to manage your money yourself. This is a bargain price for someone who isn’t interested or doesn’t have time. For me, it’s not worth the price as I manage my money myself. Averaged 11% return since 2002.
      Jun 8, 2018
    • 11% average? Not bad given you have a recession in there. Do you actively manage or periodic rebalancing.
      Jun 8, 2018
    • Citibank / Eng id 10 t
      Actually 2 recessions. Started during the dot com bust. Passive management and rebalance every quarter. The trick is to invest in large, mid, and small caps. I invest in all three equally and then rebalance quarterly. You’ll get your annual return plus roughy 2% dividend which will typically average 9% long term. What’s super helpful is when you significantly increase monthly contributions during recessions. That gets you the additional returns. Two recessions worked wonders for my portfolio. Counter intuitive but it works.

      All because of a book I read: common sense on mutual funds. It’s written by Jack Bogle, the inventor of indexing and founder of vanguard. It’s a must read for anyone that’s investing their money.
      Jun 9, 2018
  • Google / Eng MtvSh
    Wealthfront
    Jun 7, 2018 2
    • Snapchat presence
      OP
      Are u managing by urself? And, how is ur split?
      Jun 7, 2018
    • T-Mobile lAFM00
      WF is returning negative for me (-0.7%) YTD ‘18, risk level 8. I’m starting to lose confidence.
      Jun 21, 2018
  • Veritas / Eng threeComma
    I started out with investment with vanguard as well. If you think you are not sure what you are doing, then vanguard's ETFs are the way to go. They trade just like stocks and most of them don't charge any commissions. You can also try their mutual funds but they want you to put in at least 3k or 10k
    Jun 7, 2018 0
  • Merrill Lynch / Other
    PBTY

    Merrill Lynch Other

    PRE
    Citibank
    PBTYmore
    Do ya’ll know that you can buy vanguard funds from anywhere? Man find yourself someone you are comfortable with. A person. All broker dealers and investment firms are all the same!
    Jun 15, 2018 0
  • Verizon Digital Media Services jogH67
    Depends on different variables among your age and ability to survive a market crash when it happens...
    Jun 7, 2018 0

Join verified employees in our anonymous social network! Download the app!

close