Advice for wealth management
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?
Dude, you’re on Blind. 100k isn’t wealth here, it’s just a good sign on bonus.
Not everyone works at Facebook
U both r right!
Depends on different variables among your age and ability to survive a market crash when it happens...
Wealthfront
Are u managing by urself? And, how is ur split?
WF is returning negative for me (-0.7%) YTD ‘18, risk level 8. I’m starting to lose confidence.
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
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!
30 BP is very reasonable and this split is very reasonable given a 5 year time horizon and where we are in the market.
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.
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.