Hello Blinders, Im currently looking for options to start an Investment portfolio. I am considering speaking with Charles Schwab and JP Morgan. Can you guys provide me with any reviews, suggestions, other options to take this forward. Thanks in advance.
How much money?
planning to start with 100k
You will probably pay at least 2-3%, and potentially get assigned to someone junior. You may want to consider one of those automated online investment services, although the problem is that they don’t necessarily trade in and out of positions as the market moves up and down. Another alternative is just to buy a low cost S&P 500 mutual fund. Tough to beat the S&P. You will get a better deal in a personal wealth manager when you have $500K plus.
Vanguard, 3 fund, low cost?
Fidelity has ETFs that have expense ratios of zero—totally free investments. Vanguard Admiral Shares charge a few basis points and Schwab charges about the same. Create a diversified portfolio using these with an allocation that works for you, depending on age, risk tolerance, etc. (i.e. more equities and tech if you’re ok with riskier investments and volatility). Rebalance every quarter or so, and try to move out of stocks and into Treasuries if you think a recession is coming.
I’ll manage it for 2% a year
Don’t fuck around with individual stocks. Or advisors. VTI 100%. Low cost index. 3 fund stick with it. Coz every fund will have its day and rebalance
This. I spent 35K in stocks and have 70 individual stocks in that hot mess of a portfolio. Wish I had gotten some guidance earlier.
Max out 401k. Then 100% VTI or VT. Forget advisors. Search/ask on bogleheads for more advice if you need it
So Vti seems like a stock with value 147 which can go up or down. Why put all savings in it? Dividend is 2% which is not great
Diversified. Dividend are highly taxed. Do you need the cash flow now or okay with it 10 years later as long your portfolio grows?
Basically you’re betting on real USA growth rate. It’s all stock market. All segments. All companies. market cap weighted
VFIAX. Done
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