marcopolo wrote: ↑Mon Mar 11, 2024 2:07 pm
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This is really no different than what a firm like Edward Jones does.
Create a more complex portfolio than necessary, that accomplishes nothing, other than giving the impression of adding some value.
The portfolio they created for me is not complex. It is pretty close to my original portfolio:
Minor change 1: Instead of changing my S&P500 to Total Stock, a completion fund was added. This is he sane way to do it.
Minor change 2: Added a "spending" money market fund. It has a purpose in giving me a way to add or subtract dollars from their management.
Minor change 3: Added international bonds. It's not something I would do on my own, but I see their point of view.