8. "It doesn't take any time at all to do it yourself" In response to In response to 4
I have an account with Vanguard. Every paycheck, I just open up the app and transfer some money into one of the three mutual funds I own (Total Stock Market, Mid-cap Value, and 2050 target retirement). Takes about 1minute every two weeks.
>>I’m a novice at this stuff. I just set it and forget it >but >>I want maximize my investments. > >I just rolled over my old 401k to a rollover IRA with my >cousin. He proposed I take a chunk of my savings and invest >with them as well. I'm still mulling that over. I would >classify them as an "actively managed mutual fund company" but >he tells me they'd be spreading out my investments in 90% >equities, whatever that means (anyone ? Bueller ?). Funnily >enough I passed my series 6, 7, and 63 right out of college in >2006 for a job I wanted but have obviously forgotten every >single thing I learned from all the studying I did for those >tests. The only reason I don't open my own account and not pay >fees, and do "passive," as the OP says, is because I can never >find the time / am largely too lazy to keep up with even that. >I'd rather pay an expert, and the family fee to invest with my >cousin is essentially 50% of what those costs normally would >be. So we'll see.