>retail investors
Seriously, why maintain your own portfolio if you can just pay someone with much more experience than you half a point MER to do everything for you while you sit back and do something meaningful with your life?
>>1280607
>just pay someone
Well that's no fun.
Would my "investment advisor" have picked up crude oil contracts this morning?
Almost certainly not.
You have to play safe with other peoples money
>>1280607
Find me one who consistently beats the S&P by enough to cover his fees.
>>1280607
If the numbers work out then go for it.
If not then tough shit.
>>1280676
Please don't spout this meme. Yes the sp500 is a great option for low liability inflation resistance, but beating it is NOT hard if you put a lot of time in.
Especially this year, where it didnt perform well.
>>1280676
Fees are way too high. I had a 401k for a contract job that I worked for about 6 months. In the 20 days between the end on the contract and those assholes finally processing my closure paperwork, they stole almost two months' contributions.
>>1280607
>Adviser here
Because advisers get it wrong all the time and still charge fees even when they lose...
>>1280607
I have a CMA account with Merrill Lynch which is managed by my advisor and, separately, I do short term semi-daytrading on robinhood. My CMA account is lucky if it ends up with 10% gains at the end of the YEAR (including covering the advisor fees). In my own trading on RH I'm making about 16% a MONTH (which if you are math minded you know the difference in growth is exponential here).
Also trading your own money is fun and interesting. People in my life know I do it and they always like to ask me what company am I invested in today and why.
