How to find great financial advisor
I have around $200k in cash, but lack the knowledge and risk appetite to do my own investing in the stock market. Also, I have other important things to keep my mind occupied. Where can I find a great stock market advisor who can invest money on my behalf. I have brokerage accounts with Chase and Vanguard. #personalfinance #investments
Isnt that called a mutual fund? Full service brokers still need your OK to purchase investments on your behalf, I think....
i already have mutual funds with vanguard and ARK. Personally, i can only do buy and forget approach. I cannot keep tracking. I am looking for a trader who can do active investing (buy/ sell/ reinvest) with 200k cash.
Yep, my point was I dont think brokers can individually buy and sell on your behalf without your OK for each trade...otherwise, you are talking about investing in a non traded funds...like a hedge fund (which I know nothing about). I know brokers have managed fund services but I dont know how they work once they make an initial allocation recommendation... (or whether they actually recommend individual stocks versus funds)
Which are the best investments you guys have made on Vanguard? So far I have invested in VTI, VOO, VTSAX. Is there anyother else worth investing? I am looking for long term as in 10 years
i have VFIAX, VTSAX, VGIAX and VWELX. Planning to sell VWELX.
There is a lot to overlap In your funds. Just VTSAX alone gives you most of US Market exposure. You can blend with VXUS to capture international market if you wish.
Just put it all in Wealthfront
Just read jack bogles guide to investing. Invest in low cost index funds which capture the broad market. That’s the most straightforward and stress free way to invest for long term. You can get a financial advisor who will either suggest exactly what I said above. If they want to manage your money for you - be careful of fees and taxes. They might claim to “beat the market” but in the end cost you a ton in turnover, fees, taxes that your gains are reduced down to what you would have made by indexing (probably lesser cause the probability of them beating the market is low.) I also personally do some stock picking. But I keep a limit to 10% of my NW and don’t go above. If the stocks do well, I sell until they are back down to 10%. That way I can scratch my itch to pick stocks without betting the farm. Bulk remains in index.
thanks for the advice 👍
I charge $100k per annum but I can do 100% guarantee that you won't lose your money.
if you are so smart then you should be giving back 200k capital + 100k fees + inflation adjustment capital gains. this would mean not losing money.
Sure, can you write up the contract ?
Have you found a financial advisor yet? I could give you some recommendations....
go ahead
Find a fee based advisor. But if you really only need help with allocation then just use a robo advisor such as the one through vanguard or betterment/ wealth front.
how can i find a good fee based advisor. there are many, how do you find a great one.
Damn you work at Chase wtf? There is no such thing as an advisor that does the work for you. Best way to lose your money. They’re here to teach you.