Hi I want to start investing. I maxed out 401k, so that Part is covered. I went to jpmorgan chase and they have managed account, where they charge 1.31% and manage my portfolio. I was wondering if it is a good idea to have that or some similar account with another investment bank. Any thoughts as to how to and where to invest? Target-5k/month
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Managed accounts are almost always a waste of money. A google search will reveal that. You can continue contributing to your 401k, or read a few books on portfolio theory, and invest in other assets through a brokerage to target a certain asset and risk distribution