Keep the Fees in your own pocket: It
amazes me how many will pay a "financial advisor" fees as high as 2% a
year to buy mutual funds or stocks for them (sometimes with high fees
kicked back
to the advisor) when you can do it yourself for the small cost of my
newsletter. Fewer and fewer these days will buy actual
stocks for individual accounts as most usually under perform.
Instead advisors rely on most are afraid or "too busy" or "not
interested" in learning to do it themselves so the good ones can charge
high fees to buy a diversified basket of index funds for you.
TOP of Page How to get started: All you need is help picking what index funds to get good diversification and you too can be a "smart investor." From "Newsletter" I recommend a "core" portfolio for about 80 to 95% of your funds and an "explore" portfolio made of stocks from my newsletter portfolio for the remainder. My newsletter stocks are volatile by design to add to overall returns, but you need a good core portfolio to sleep well at night. I offer different core portfolios for aggressive & conservative investors.Some of us have 20 year track records of beating the markets but it is hard to do. As I get older, I take less risk too by moving from my "Aggressive Core Portfolio" to my "Conservative Core Portfolio" which means taking profits every year in the stocks and buying more of the "fixed income" side of the asset allocation to move from 80% in stocks to 50 or 60% in stocks by age 70.
A major purpose of the Explore Portfolio is to help prevent you from getting too greedy at market tops by taking profits or get scared out near market bottoms by buying. For the last 20 years, my Explore Stocks have also beaten the markets with far less risk since the portfolio is far less than 100% in stocks. Like Warren Buffett, I don't see loads of value near market tops and I like to have a lot of cash for when the market presents great buying opportunities. Great individual stock selection has greatly enhanced the overall returns too. |
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Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |