cobill wrote:I'm 57, retired with a good pension, currently using a local Edward Jones advisor and he wants me to move my $150K IRA account that is mostly bond and fixed income funds into an Advisory Solutions account, managed portfolio with Institutional funds, that charges a 1.35% fee. I'm not sold and asked for an updated hypothetical portfolio illustration(list of funds, costs, re-balance %, etc.) Another broker has a similar program of managed funds with a 1.25% fee.
So, should I continue with an actively managed account or move my money into passive fund with index, ETFs and bond funds(VTSMX, VGTSX, VBMFX, VTIBX)?
cobill wrote:I appreciate the wise responses so far and will continue with my education as a newbie Boglehead. I read some of the forum EJ questions/answers and they never tell the "rest of the story". I was wondering if there are more "success" stories like Art's where the investor moved out of EJ and how they've done with index and ETFs from Vanguard or Fidelity...guess I need some more courage and time before making the move.
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