Do you manage your own investments?

Kimber7man

Senior Member
Joined
Jun 18, 2019
Messages
780
Location
Hamilton County, Indiana
I have a 401k thru my work. It's at Edward Jones. I absolutely hate it. They take a annual percentage pulled out monthly, of the account gross balance. I dislike that in the fact that they get a paycheck for "attendance" not "accomplishment". It has done good though 15% annual return of the last 4 yrs. I have only had it 4 yrs. I opened up a TD acct in March. I am putting in all the extra money I can into it. I bought only into individual stocks. But I am in the process of getting 2/3 of my money into ETF's (QQQ,SPY) and will keep 1/3 into individual stocks. I always put my annual raise into my 401k, but wont be doing that anymore. Any raises will be put into my TD account. Granted, it will be post tax instead of pre tax. But I am fine with that.
If this is all going for post retirement income, you might Look into a Roth 401k option if your company offers that option. Or a Roth IRA.
 

nnkboykin

Newbie
Joined
Oct 3, 2020
Messages
5
If it's retirement investing Vanguard all the way. Although I do have some at Nationwide retirement through work.
I'm not giving advice but If you have 15+ years until retirement I'd roll it into a ROTH IRA at Vanguard and just pay the taxes on it. (the thought being that taxes will likely be higher in 15 years than they are now). if you have less than 5 years until retirement. I would go regular IRA.

Individual stock investments (a small portion of my portfolio) I just do through TDAmeritrade
 

kevin11mee

Member
Joined
Jan 28, 2021
Messages
94
Vanguard is a great low cost company. You can pick a target retirement fund and just contribute monthly. Index funds usually beat even the best hedge-fund managers and are way cheaper.
 

540-Virginian

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Joined
Dec 6, 2020
Messages
227
Location
Shenandoah Valley

summary on how to think and manage money. Author is a little too liberal for me but he makes excellent points worth adding to the collection of knowledge about what managing money is all about.

Be skeptical of people who manage their own investments that never speak of their loses.

Good strategy is have as little debt as possible, live as simple as possible, always contribute to an employer 401k if they match, then dump everything into index funds like Vanguard and then live life for decades and one day you’ll see your accounts with a lot more zeroes than today.
 

eddielasvegas

Senior Member
Joined
Feb 2, 2020
Messages
174
Location
Scottsdale, AZ
Here's a PSA for those members at least 59.5 years of age who do not like their company's 401k offering.

You can make an "in-service" withdrawal and deposit it to a Rollover 401k account, which will allow you to invest it anyway you see fit. I did this when I turned this age as my employer's 401k offering were terrible and their fees atrocious.

Make sure the check is made out to your brokerage (with FBO you) and the appropriate acct #.


Eddie
 

Wingnutty

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Joined
Sep 8, 2020
Messages
2
Bogleheads.org
No reason to pay someone else to manage your $. I’ve been a boglehead for 15 years. One of the best decisions of my life.

I use vanguard for my Roth IRAs for my wife and I. All of our retirement funds are diversified in index funds. I keep about 10-20% of my portfolio in individual stocks.

I’m 40 and have never made more than 80k/yr, my wife makes about 70k. We will retire multi- millionaires at age 57 - I’m NOT saying this to brag but as a testament to the financial security that one can achieve. There is no secret, invest regularly (15-20% of salary), don’t try to time the market - don’t jump in and out of funds, invest retirement savings in low-cost, diversified index funds.
 
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Barabusha

Newbie
Joined
Feb 15, 2021
Messages
2
Yes, I prefer to manage my financial affairs on my own. My wife used to help me, but she created her own business over time, and now she is engaged in another business. I realized over time that I didn't have enough knowledge about how to manage my investments. That is why I turned to specialists from wealthtender.com. I think that every investor should know at least the basics of the area he has shared. My finances are also related to this, so I started to delve into this business
 
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TxxAgg

Senior Member
Joined
Dec 27, 2019
Messages
822
Bogleheads.org
No reason to pay someone else to manage your $. I’ve been a boglehead for 15 years. One of the best decisions of my life.

I use vanguard for my Roth IRAs for my wife and I. All of our retirement funds are diversified in index funds. I keep about 10-20% of my portfolio in individual stocks.

I’m 40 and have never made more than 80k/yr, my wife makes about 70k. We will retire multi- millionaires at age 57 - I’m NOT saying this to brag but as a testament to the financial security that one can achieve. There is no secret, invest regularly (15-20% of salary), don’t try to time the market - don’t jump in and out of funds, invest retirement savings in low-cost, diversified index funds.
Bogleheads.org
No reason to pay someone else to manage your $. I’ve been a boglehead for 15 years. One of the best decisions of my life.

I use vanguard for my Roth IRAs for my wife and I. All of our retirement funds are diversified in index funds. I keep about 10-20% of my portfolio in individual stocks.

I’m 40 and have never made more than 80k/yr, my wife makes about 70k. We will retire multi- millionaires at age 57 - I’m NOT saying this to brag but as a testament to the financial security that one can achieve. There is no secret, invest regularly (15-20% of salary), don’t try to time the market - don’t jump in and out of funds, invest retirement savings in low-cost, diversified index funds.
This deserves to be read twice!
 

CiK01

Senior Member
Joined
Nov 12, 2015
Messages
368
Location
Indiana
Curious to which app everyone uses to help track your investments. Any stand out above others?
 

wildcat33

Senior Member
Joined
Feb 17, 2015
Messages
786
Location
Lakewood, CO
Just helped my father review our deceased grandfathers holdings with EJ. Pay the fees to close the accounts and run. It may be 100 bucks each to close 3-4 accounts, but you will pay thousands and thousands of dollars in fees otherwise.

Vanguard set and forget. It gets even easier if you do a "Target Retirement" fund. Vanguard also provides a "Digital Advisor" which is basically an algorithm that manages your fund balance. Its new, I put some money in there to try it. The way I see it, its the same thing EJ provides but 1/10th the cost. We'll see what it does.
 

jlh42581

Senior Member
Joined
Sep 24, 2013
Messages
217
Curious to which app everyone uses to help track your investments. Any stand out above others?

My favorite is Fidelity ATP, i have finished migrating everything from all over the place into it except one more account I have from an old employer. Now, I cant see my new retirement there but I dont get to manage the funds very aggressively in it either.

Im back to managing crypto in coinbase even though I know its not a favorite of most. I can see my balance in fidelity but not ATP and I cant manage it from inside there either.
 

roadrunner

Senior Member
Joined
May 10, 2015
Messages
580
Location
Timberline
This site has gone to crap......sickens me to see the direction it's going........this is a hunting site.......only for hunting topics! What's the world coming to when all people can talk about is real world stuff that actually matters like finances and the direction of our nation. *sarcasm* ........LOL.

I've been managing my own investments since I was 12.
sickens me more that we cannot, as a society, function without caring what someone else thinks or says. Really, who gives a flying rip that gates and his wife are splitting up.

I don't manage my own investments because I don't have the time to really pay attention to what's going on with them. Needless to say, my FA's are doing an outstanding job.
 

CiK01

Senior Member
Joined
Nov 12, 2015
Messages
368
Location
Indiana
I'm not giving advice but If you have 15+ years until retirement I'd roll it into a ROTH IRA at Vanguard and just pay the taxes on it. (the thought being that taxes will likely be higher in 15 years than they are now). if you have less than 5 years until retirement. I would go regular IRA.

What would a break even analysis look like for this? Lump sum tax now vs. projected yearly taxes on yearly conversions later on? I love the idea but I am about 12 years away ft retirement.


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